VER +: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VER +
Largest movements
- Tangible fixed assets -€21,682
down €21,682 (-4.6%), from €474,224 to €452,541
of which Land and buildings: -€16,461
- Profit (loss) carried forward -€10,892
down €10,892 (-15.0%), from €72,674 to €61,782
- Debts after one year +€9,479
new in 2025: €9,479
of which Financial debts: +€7,994
- Short-term financial debts -€8,949
no longer reported in 2025 (was €8,949)
- Other debts -€6,678
down €6,678 (-1.8%), from €368,217 to €361,539
- Gross operating margin +€16,350
up €16,350, from -€2,235 to €14,115
- Financial charges -€459
down €459 (-24.3%), from €1,893 to €1,434
- Other operating charges -€144
down €144 (-7.1%), from €2,034 to €1,890
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,313 | €453,253 | -€21,060 | -4.4% |
| Fixed assets | 21/28 | €474,224 | €452,541 | -€21,682 | -4.6% |
| Tangible fixed assets | 22/27 | €474,224 | €452,541 | -€21,682 | -4.6% |
| Land and buildings | 22 | €460,174 | €443,713 | -€16,461 | -3.6% |
| Plant, machinery and equipment | 23 | €10,945 | €7,419 | -€3,526 | -32.2% |
| Furniture and vehicles | 24 | €3,105 | €1,410 | -€1,695 | -54.6% |
| Current assets | 29/58 | €89 | €712 | +€623 | +697% |
| Cash at bank and in hand | 54/58 | €89 | - | -€89 | |
| Deferred charges and accrued income | 490/1 | - | €712 | +€712 | |
| Total equity and liabilities | 10/49 | €474,313 | €453,253 | -€21,060 | -4.4% |
| Equity | 10/15 | €93,079 | €82,187 | -€10,892 | -11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,674 | €61,782 | -€10,892 | -15.0% |
| Amounts payable | 17/49 | €381,234 | €371,066 | -€10,168 | -2.7% |
| Amounts payable after more than one year | 17 | - | €9,479 | +€9,479 | |
| Financial debts | 170/4 | - | €7,994 | +€7,994 | |
| Other amounts payable | 178/9 | - | €1,485 | +€1,485 | |
| Amounts payable within one year | 42/48 | €381,234 | €361,587 | -€19,647 | -5.2% |
| Financial debts | 43 | €8,949 | - | -€8,949 | |
| Credit institutions | 430/8 | €8,949 | - | -€8,949 | |
| Trade debts | 44 | €1,460 | €47 | -€1,413 | -96.8% |
| Suppliers | 440/4 | €1,460 | €47 | -€1,413 | -96.8% |
| Taxes, remuneration and social security | 45 | €2,607 | - | -€2,607 | |
| Taxes | 450/3 | €2,607 | - | -€2,607 | |
| Other amounts payable | 47/48 | €368,217 | €361,539 | -€6,678 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,558 | €21,682 | +€124 | +0.6% |
| Other operating charges | 640/8 | €2,034 | €1,890 | -€144 | -7.1% |
| Gross operating margin | 9900 | -€2,235 | €14,115 | +€16,350 | |
| Operating profit (loss) | 9901 | -€25,827 | -€9,458 | +€16,370 | +63.4% |
| Financial charges | 65/66B | €1,893 | €1,434 | -€459 | -24.3% |
| Recurring financial charges | 65 | €1,893 | €1,434 | -€459 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,721 | -€10,892 | +€16,829 | +60.7% |
| Profit (loss) for the period | 9904 | -€27,721 | -€10,892 | +€16,829 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,721 | -€10,892 | +€16,829 | +60.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.