VER & CO: 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 & CO
Largest movements
- Receivables within one year +€10,987
up €10,987 (+473%), from €2,323 to €13,310
- Cash -€7,164
down €7,164 (-98.7%), from €7,258 to €94
mainly Receivables within one year (-€10,987) and Debts after one year (-€6,857)
- Tangible fixed assets -€4,725
down €4,725 (-4.0%), from €118,300 to €113,575
- Debts after one year -€6,857
down €6,857 (-7.9%), from €86,637 to €79,780
- Trade debts +€2,869
up €2,869 (+172%), from €1,672 to €4,541
- Other debts +€2,091
up €2,091 (+38.1%), from €5,492 to €7,583
- Profit (loss) carried forward -€1,705
down €1,705 (-13.3%), from €12,843 to €11,138
- Taxes +€1,631
up €1,631 (+41.5%), from €3,930 to €5,561
- Financial charges +€626
up €626 (+21.8%), from €2,869 to €3,495
- Other operating charges +€279
up €279 (+15.5%), from €1,804 to €2,083
- Gross operating margin +€277
up €277 (+2.0%), from €13,883 to €14,159
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 | €129,442 | €128,825 | -€618 | -0.5% |
| Fixed assets | 21/28 | €118,300 | €113,575 | -€4,725 | -4.0% |
| Tangible fixed assets | 22/27 | €118,300 | €113,575 | -€4,725 | -4.0% |
| Land and buildings | 22 | €118,300 | €113,575 | -€4,725 | -4.0% |
| Current assets | 29/58 | €11,142 | €15,250 | +€4,107 | +36.9% |
| Amounts receivable within one year | 40/41 | €2,323 | €13,310 | +€10,987 | +473% |
| Trade receivables | 40 | €2,323 | €13,310 | +€10,987 | +473% |
| Cash at bank and in hand | 54/58 | €7,258 | €94 | -€7,164 | -98.7% |
| Deferred charges and accrued income | 490/1 | €1,561 | €1,845 | +€284 | +18.2% |
| Total equity and liabilities | 10/49 | €129,442 | €128,825 | -€618 | -0.5% |
| Equity | 10/15 | €20,903 | €19,198 | -€1,705 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,843 | €11,138 | -€1,705 | -13.3% |
| Amounts payable | 17/49 | €108,539 | €109,626 | +€1,087 | +1.0% |
| Amounts payable after more than one year | 17 | €86,637 | €79,780 | -€6,857 | -7.9% |
| Financial debts | 170/4 | €86,637 | €79,780 | -€6,857 | -7.9% |
| Amounts payable within one year | 42/48 | €21,587 | €28,671 | +€7,085 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €6,001 | €6,857 | +€856 | +14.3% |
| Trade debts | 44 | €1,672 | €4,541 | +€2,869 | +172% |
| Suppliers | 440/4 | €1,672 | €4,541 | +€2,869 | +172% |
| Taxes, remuneration and social security | 45 | €8,421 | €9,690 | +€1,269 | +15.1% |
| Taxes | 450/3 | €8,421 | €9,690 | +€1,269 | +15.1% |
| Other amounts payable | 47/48 | €5,492 | €7,583 | +€2,091 | +38.1% |
| Accrued charges and deferred income | 492/3 | €315 | €1,175 | +€860 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,725 | €4,725 | = | 0.0% |
| Other operating charges | 640/8 | €1,804 | €2,083 | +€279 | +15.5% |
| Gross operating margin | 9900 | €13,883 | €14,159 | +€277 | +2.0% |
| Operating profit (loss) | 9901 | €7,353 | €7,351 | -€2 | 0.0% |
| Financial charges | 65/66B | €2,869 | €3,495 | +€626 | +21.8% |
| Recurring financial charges | 65 | €2,869 | €3,495 | +€626 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €4,485 | €3,856 | -€628 | -14.0% |
| Income taxes | 67/77 | €3,930 | €5,561 | +€1,631 | +41.5% |
| Profit (loss) for the period | 9904 | €554 | -€1,705 | -€2,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €554 | -€1,705 | -€2,259 |
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 15 October 2026 via checked.be.