VER-DE: what changed
Two fiscal 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-DE
Largest movements
- Cash +€56,156
up €56,156 (+231.6%), from €24,250 to €80,406
mainly Current investments (+€32,318) and Net result for the year (+€10,380)
- Current investments -€32,318
down €32,318 (-100.0%), from €32,318 to €0
- Tangible fixed assets -€8,193
down €8,193 (-18.3%), from €44,826 to €36,632
of which Furniture and vehicles: -€7,299
- Profit (loss) carried forward +€10,380
up €10,380 (+74.3%), from -€13,973 to -€3,593
- Other debts +€8,786
up €8,786 (+341.8%), from €2,571 to €11,357
- Debts after one year -€7,308
down €7,308 (-31.7%), from €23,042 to €15,734
- Tax, wage and social debts +€1,963
up €1,963 (+60.3%), from €3,257 to €5,219
- Gross operating margin +€9,881
up €9,881 (+63.4%), from €15,580 to €25,460
- Depreciation +€7,939
up €7,939 (+519.6%), from €1,528 to €9,468
- Taxes +€1,624
up €1,624 (+90.7%), from €1,790 to €3,414
- Financial charges +€1,473
up €1,473 (+356.1%), from €414 to €1,887
- Financial income +€296
up €296 (+127.8%), from €231 to €527
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 | €120,100 | €135,291 | +€15,191 | +12.6% |
| Fixed assets | 21/28 | €44,826 | €36,632 | -€8,193 | -18.3% |
| Tangible fixed assets | 22/27 | €44,826 | €36,632 | -€8,193 | -18.3% |
| Land and buildings | 22 | €92 | €64 | -€29 | -30.8% |
| Plant, machinery and equipment | 23 | €3,775 | €2,910 | -€865 | -22.9% |
| Furniture and vehicles | 24 | €40,958 | €33,659 | -€7,299 | -17.8% |
| Current assets | 29/58 | €75,274 | €98,659 | +€23,385 | +31.1% |
| Amounts receivable within one year | 40/41 | €16,530 | €15,877 | -€653 | -4.0% |
| Trade receivables | 40 | €16,530 | €14,032 | -€2,497 | -15.1% |
| Other amounts receivable | 41 | - | €1,844 | +€1,844 | |
| Current investments | 50/53 | €32,318 | €0 | -€32,318 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,250 | €80,406 | +€56,156 | +231.6% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,376 | +€200 | +9.2% |
| Total equity and liabilities | 10/49 | €120,100 | €135,291 | +€15,191 | +12.6% |
| Equity | 10/15 | €80,456 | €90,836 | +€10,380 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,829 | €75,829 | = | 0.0% |
| Distributable reserves | 133 | €75,829 | €75,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,973 | -€3,593 | +€10,380 | +74.3% |
| Amounts payable | 17/49 | €39,644 | €44,455 | +€4,812 | +12.1% |
| Amounts payable after more than one year | 17 | €23,042 | €15,734 | -€7,308 | -31.7% |
| Financial debts | 170/4 | €23,042 | €15,734 | -€7,308 | -31.7% |
| Amounts payable within one year | 42/48 | €16,602 | €28,722 | +€12,119 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €6,958 | €7,308 | +€349 | +5.0% |
| Trade debts | 44 | €3,817 | €4,838 | +€1,021 | +26.8% |
| Suppliers | 440/4 | €3,817 | €4,838 | +€1,021 | +26.8% |
| Taxes, remuneration and social security | 45 | €3,257 | €5,219 | +€1,963 | +60.3% |
| Taxes | 450/3 | €3,257 | €5,219 | +€1,963 | +60.3% |
| Other amounts payable | 47/48 | €2,571 | €11,357 | +€8,786 | +341.8% |
| Non-recurring operating income | 76A | €5,023 | €0 | -€5,023 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,528 | €9,468 | +€7,939 | +519.6% |
| Other operating charges | 640/8 | €663 | €839 | +€176 | +26.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,580 | €25,460 | +€9,881 | +63.4% |
| Operating profit (loss) | 9901 | €13,389 | €15,154 | +€1,765 | +13.2% |
| Financial income | 75/76B | €231 | €527 | +€296 | +127.8% |
| Recurring financial income | 75 | €231 | €527 | +€296 | +127.8% |
| Financial charges | 65/66B | €414 | €1,887 | +€1,473 | +356.1% |
| Recurring financial charges | 65 | €414 | €1,887 | +€1,473 | +356.1% |
| Profit (loss) for the period before taxes | 9903 | €13,206 | €13,794 | +€588 | +4.4% |
| Income taxes | 67/77 | €1,790 | €3,414 | +€1,624 | +90.7% |
| Profit (loss) for the period | 9904 | €11,417 | €10,380 | -€1,037 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,417 | €10,380 | -€1,037 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.