VER-COM: 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-COM
Largest movements
- Tangible fixed assets -€238,057
down €238,057 (-89.6%), from €265,630 to €27,572
of which Land and buildings: -€218,615
- Receivables within one year +€38,572
up €38,572 (+54.1%), from €71,321 to €109,894
of which Other amounts receivable: +€43,653
- Receivables after one year +€32,705
up €32,705 (+218.0%), from €15,001 to €47,706
- Debts after one year -€142,588
down €142,588 (-23.4%), from €610,554 to €467,966
- Other debts -€66,936
no longer reported in 2025 (was €66,936)
- Profit (loss) carried forward +€39,652
no longer reported in 2025 (was -€39,652)
- Reserves +€21,635
up €21,635 (+6.3%), from €343,490 to €365,125
- Gross operating margin +€94,625
up €94,625 (+341.3%), from €27,725 to €122,350
- Taxes +€11,443
new in 2025: €11,443
- Depreciation -€11,091
down €11,091 (-39.2%), from €28,322 to €17,231
- Other operating charges +€1,860
up €1,860 (+945.5%), from €197 to €2,057
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.
Cash bridge derived
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 | €1,038,315 | €877,136 | -€161,179 | -15.5% |
| Formation expenses | 20 | €750 | €750 | = | 0.0% |
| Fixed assets | 21/28 | €271,177 | €32,720 | -€238,457 | -87.9% |
| Tangible fixed assets | 22/27 | €265,630 | €27,572 | -€238,057 | -89.6% |
| Land and buildings | 22 | €218,615 | - | -€218,615 | |
| Plant, machinery and equipment | 23 | €2,212 | - | -€2,212 | |
| Furniture and vehicles | 24 | €44,803 | €27,572 | -€17,231 | -38.5% |
| Financial fixed assets | 28 | €5,548 | €5,148 | -€400 | -7.2% |
| Current assets | 29/58 | €766,388 | €843,666 | +€77,278 | +10.1% |
| Amounts receivable after more than one year | 29 | €15,001 | €47,706 | +€32,705 | +218.0% |
| Other amounts receivable | 291 | €15,001 | €47,706 | +€32,705 | +218.0% |
| Stocks and contracts in progress | 3 | €677,422 | €677,422 | = | 0.0% |
| Stocks | 30/36 | €677,422 | €677,422 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,321 | €109,894 | +€38,572 | +54.1% |
| Trade receivables | 40 | €8,321 | €3,241 | -€5,081 | -61.1% |
| Other amounts receivable | 41 | €63,000 | €106,653 | +€43,653 | +69.3% |
| Cash at bank and in hand | 54/58 | €1,599 | €7,501 | +€5,902 | +369.2% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,143 | +€99 | +9.5% |
| Total equity and liabilities | 10/49 | €1,038,315 | €877,136 | -€161,179 | -15.5% |
| Equity | 10/15 | €328,838 | €390,125 | +€61,287 | +18.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €343,490 | €365,125 | +€21,635 | +6.3% |
| Distributable reserves | 133 | €343,490 | €365,125 | +€21,635 | +6.3% |
| Profit (loss) carried forward | 14 | -€39,652 | - | +€39,652 | |
| Amounts payable | 17/49 | €709,477 | €487,011 | -€222,466 | -31.4% |
| Amounts payable after more than one year | 17 | €610,554 | €467,966 | -€142,588 | -23.4% |
| Financial debts | 170/4 | €610,554 | €467,966 | -€142,588 | -23.4% |
| Amounts payable within one year | 42/48 | €98,641 | €19,045 | -€79,597 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €13,565 | €5,753 | -€7,811 | -57.6% |
| Trade debts | 44 | €10,462 | €1,849 | -€8,613 | -82.3% |
| Suppliers | 440/4 | €10,462 | €1,849 | -€8,613 | -82.3% |
| Taxes, remuneration and social security | 45 | €7,679 | €11,443 | +€3,764 | +49.0% |
| Taxes | 450/3 | €7,679 | €11,443 | +€3,764 | +49.0% |
| Other amounts payable | 47/48 | €66,936 | - | -€66,936 | |
| Accrued charges and deferred income | 492/3 | €281 | - | -€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,322 | €17,231 | -€11,091 | -39.2% |
| Other operating charges | 640/8 | €197 | €2,057 | +€1,860 | +945.5% |
| Non-recurring operating charges | 66A | €305 | €189 | -€116 | -38.1% |
| Gross operating margin | 9900 | €27,725 | €122,350 | +€94,625 | +341.3% |
| Operating profit (loss) | 9901 | -€1,098 | €102,874 | +€103,972 | |
| Financial income | 75/76B | €222 | €717 | +€495 | +223.3% |
| Recurring financial income | 75 | €222 | €717 | +€495 | +223.3% |
| Financial charges | 65/66B | €29,929 | €30,861 | +€931 | +3.1% |
| Recurring financial charges | 65 | €29,929 | €30,861 | +€931 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,806 | €72,729 | +€103,536 | |
| Income taxes | 67/77 | - | €11,443 | +€11,443 | |
| Profit (loss) for the period | 9904 | -€30,806 | €61,287 | +€92,093 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,806 | €61,287 | +€92,093 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.