Ver-Con: 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-Con
Largest movements
- Cash +€35,155
up €35,155 (+34.2%), from €102,707 to €137,862
mainly Net result for the year (+€41,930) and Receivables within one year (+€12,835)
- Receivables within one year -€12,835
down €12,835 (-98.1%), from €13,085 to €250
- Deferred charges and accrued income +€8,809
up €8,809 (+236%), from €3,738 to €12,547
- Reserves +€41,930
up €41,930 (+53.6%), from €78,248 to €120,178
- Tax, wage and social debts -€11,931
down €11,931 (-33.4%), from €35,716 to €23,785
of which Taxes: -€10,082
- Trade debts -€1,636
down €1,636 (-81.3%), from €2,013 to €377
- Gross operating margin -€13,372
down €13,372 (-18.7%), from €71,462 to €58,091
- Taxes -€7,693
down €7,693 (-40.3%), from €19,074 to €11,381
- Financial charges +€748
up €748 (+26.5%), from €2,821 to €3,569
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 | €124,522 | €154,271 | +€29,749 | +23.9% |
| Fixed assets | 21/28 | €4,992 | €3,612 | -€1,380 | -27.6% |
| Tangible fixed assets | 22/27 | €4,992 | €3,612 | -€1,380 | -27.6% |
| Plant, machinery and equipment | 23 | €4,992 | €3,612 | -€1,380 | -27.6% |
| Current assets | 29/58 | €119,530 | €150,659 | +€31,129 | +26.0% |
| Amounts receivable within one year | 40/41 | €13,085 | €250 | -€12,835 | -98.1% |
| Trade receivables | 40 | €13,085 | €250 | -€12,835 | -98.1% |
| Cash at bank and in hand | 54/58 | €102,707 | €137,862 | +€35,155 | +34.2% |
| Deferred charges and accrued income | 490/1 | €3,738 | €12,547 | +€8,809 | +236% |
| Total equity and liabilities | 10/49 | €124,522 | €154,271 | +€29,749 | +23.9% |
| Equity | 10/15 | €83,248 | €125,178 | +€41,930 | +50.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,248 | €120,178 | +€41,930 | +53.6% |
| Distributable reserves | 133 | €78,248 | €120,178 | +€41,930 | +53.6% |
| Amounts payable | 17/49 | €41,274 | €29,093 | -€12,181 | -29.5% |
| Amounts payable within one year | 42/48 | €41,274 | €29,093 | -€12,181 | -29.5% |
| Trade debts | 44 | €2,013 | €377 | -€1,636 | -81.3% |
| Suppliers | 440/4 | €2,013 | €377 | -€1,636 | -81.3% |
| Taxes, remuneration and social security | 45 | €35,716 | €23,785 | -€11,931 | -33.4% |
| Taxes | 450/3 | €33,867 | €23,785 | -€10,082 | -29.8% |
| Remuneration and social security | 454/9 | €1,848 | €0 | -€1,848 | -100% |
| Other amounts payable | 47/48 | €3,545 | €4,931 | +€1,386 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | €1,380 | +€370 | +36.6% |
| Other operating charges | 640/8 | €114 | €299 | +€185 | +162% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €71,462 | €58,091 | -€13,372 | -18.7% |
| Operating profit (loss) | 9901 | €70,338 | €56,412 | -€13,926 | -19.8% |
| Financial income | 75/76B | - | €468 | +€468 | |
| Recurring financial income | 75 | - | €468 | +€468 | |
| Financial charges | 65/66B | €2,821 | €3,569 | +€748 | +26.5% |
| Recurring financial charges | 65 | €2,821 | €3,569 | +€748 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €67,517 | €53,311 | -€14,206 | -21.0% |
| Income taxes | 67/77 | €19,074 | €11,381 | -€7,693 | -40.3% |
| Profit (loss) for the period | 9904 | €48,443 | €41,930 | -€6,513 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,443 | €41,930 | -€6,513 | -13.4% |
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 18 October 2026 via checked.be.