VER-DER: 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-DER
Largest movements
- Cash -€11,098
down €11,098 (-42.7%), from €25,988 to €14,890
mainly Investment in fixed assets (net) (-€15,910) and Current portion of long-term debt (-€8,181)
- Tangible fixed assets +€10,484
up €10,484 (+30.2%), from €34,717 to €45,200
of which Land and buildings: +€5,459
- Deferred charges and accrued income +€1,098
up €1,098 (+2147.1%), from €51 to €1,150
- Current portion of long-term debt -€8,181
down €8,181 (-25.5%), from €32,119 to €23,938
- Other debts +€4,722
up €4,722 (+23.3%), from €20,231 to €24,953
- Trade debts +€1,879
up €1,879 (+25.8%), from €7,293 to €9,172
- Tax, wage and social debts +€907
up €907 (+199.6%), from €454 to €1,361
- Gross operating margin +€2,362
up €2,362 (+43.5%), from €5,431 to €7,793
- Depreciation +€1,794
up €1,794 (+49.4%), from €3,633 to €5,427
- Taxes +€703
up €703 (+428.4%), from €164 to €867
- Other operating charges -€424
down €424 (-32.8%), from €1,293 to €868
- Financial charges -€274
down €274 (-75.9%), from €361 to €87
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 | €62,760 | €62,647 | -€113 | -0.2% |
| Fixed assets | 21/28 | €34,717 | €45,200 | +€10,483 | +30.2% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €34,717 | €45,200 | +€10,484 | +30.2% |
| Land and buildings | 22 | €32,244 | €37,704 | +€5,459 | +16.9% |
| Plant, machinery and equipment | 23 | €1,485 | €1,810 | +€325 | +21.9% |
| Furniture and vehicles | 24 | €987 | €5,687 | +€4,700 | +476.0% |
| Current assets | 29/58 | €28,043 | €17,447 | -€10,596 | -37.8% |
| Stocks and contracts in progress | 3 | €328 | €328 | = | 0.0% |
| Stocks | 30/36 | €328 | €328 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,676 | €1,079 | -€597 | -35.6% |
| Trade receivables | 40 | €1,676 | €1,079 | -€597 | -35.6% |
| Cash at bank and in hand | 54/58 | €25,988 | €14,890 | -€11,098 | -42.7% |
| Deferred charges and accrued income | 490/1 | €51 | €1,150 | +€1,098 | +2147.1% |
| Total equity and liabilities | 10/49 | €62,760 | €62,647 | -€113 | -0.2% |
| Equity | 10/15 | €2,663 | €3,223 | +€560 | +21.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €163 | €723 | +€560 | +344.4% |
| Distributable reserves | 133 | €163 | €723 | +€560 | +344.4% |
| Amounts payable | 17/49 | €60,097 | €59,424 | -€673 | -1.1% |
| Amounts payable within one year | 42/48 | €60,097 | €59,424 | -€673 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €32,119 | €23,938 | -€8,181 | -25.5% |
| Trade debts | 44 | €7,293 | €9,172 | +€1,879 | +25.8% |
| Suppliers | 440/4 | €7,293 | €9,172 | +€1,879 | +25.8% |
| Taxes, remuneration and social security | 45 | €454 | €1,361 | +€907 | +199.6% |
| Taxes | 450/3 | €454 | €1,361 | +€907 | +199.6% |
| Other amounts payable | 47/48 | €20,231 | €24,953 | +€4,722 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,633 | €5,427 | +€1,794 | +49.4% |
| Other operating charges | 640/8 | €1,293 | €868 | -€424 | -32.8% |
| Gross operating margin | 9900 | €5,431 | €7,793 | +€2,362 | +43.5% |
| Operating profit (loss) | 9901 | €506 | €1,498 | +€992 | +196.1% |
| Financial income | 75/76B | €71 | €16 | -€55 | -77.2% |
| Recurring financial income | 75 | €71 | €16 | -€55 | -77.2% |
| Financial charges | 65/66B | €361 | €87 | -€274 | -75.9% |
| Recurring financial charges | 65 | €361 | €87 | -€274 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €216 | €1,427 | +€1,211 | +561.2% |
| Income taxes | 67/77 | €164 | €867 | +€703 | +428.4% |
| Profit (loss) for the period | 9904 | €52 | €560 | +€508 | +981.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52 | €560 | +€508 | +981.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.