Ver-Hey: 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-Hey
Largest movements
- Receivables within one year +€47,443
up €47,443 (+113%), from €42,021 to €89,464
of which Other amounts receivable: +€38,342
- Cash +€9,205
up €9,205 (+106%), from €8,698 to €17,903
mainly Net result for the year (+€37,305) and Trade debts (+€17,651)
- Tangible fixed assets -€2,648
down €2,648 (-49.2%), from €5,380 to €2,732
of which Furniture and vehicles: -€2,251
- Deferred charges and accrued income -€2,274
down €2,274 (-92.8%), from €2,450 to €176
- Reserves +€37,305
up €37,305 (+52.7%), from €70,750 to €108,055
- Trade debts +€17,651
up €17,651 (+954%), from €1,851 to €19,502
- Debts after one year -€10,382
down €10,382 (-92.2%), from €11,256 to €874
- Tax, wage and social debts +€6,649
up €6,649 (+66.4%), from €10,013 to €16,662
- Gross operating margin +€27,100
up €27,100 (+97.1%), from €27,919 to €55,019
- Taxes +€6,951
up €6,951 (+102%), from €6,829 to €13,780
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 | €109,049 | €160,775 | +€51,726 | +47.4% |
| Fixed assets | 21/28 | €55,880 | €53,232 | -€2,648 | -4.7% |
| Tangible fixed assets | 22/27 | €5,380 | €2,732 | -€2,648 | -49.2% |
| Furniture and vehicles | 24 | €3,184 | €933 | -€2,251 | -70.7% |
| Other tangible fixed assets | 26 | €2,197 | €1,800 | -€397 | -18.1% |
| Financial fixed assets | 28 | €50,500 | €50,500 | = | 0.0% |
| Current assets | 29/58 | €53,169 | €107,543 | +€54,374 | +102% |
| Amounts receivable within one year | 40/41 | €42,021 | €89,464 | +€47,443 | +113% |
| Trade receivables | 40 | €38,560 | €47,661 | +€9,101 | +23.6% |
| Other amounts receivable | 41 | €3,461 | €41,802 | +€38,342 | +1,108% |
| Cash at bank and in hand | 54/58 | €8,698 | €17,903 | +€9,205 | +106% |
| Deferred charges and accrued income | 490/1 | €2,450 | €176 | -€2,274 | -92.8% |
| Total equity and liabilities | 10/49 | €109,049 | €160,775 | +€51,726 | +47.4% |
| Equity | 10/15 | €75,750 | €113,055 | +€37,305 | +49.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,750 | €108,055 | +€37,305 | +52.7% |
| Distributable reserves | 133 | €70,750 | €108,055 | +€37,305 | +52.7% |
| Amounts payable | 17/49 | €33,299 | €47,720 | +€14,421 | +43.3% |
| Amounts payable after more than one year | 17 | €11,256 | €874 | -€10,382 | -92.2% |
| Financial debts | 170/4 | €11,256 | €874 | -€10,382 | -92.2% |
| Amounts payable within one year | 42/48 | €22,043 | €46,546 | +€24,503 | +111% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | €10,382 | +€203 | +2.0% |
| Trade debts | 44 | €1,851 | €19,502 | +€17,651 | +954% |
| Suppliers | 440/4 | €1,851 | €19,502 | +€17,651 | +954% |
| Taxes, remuneration and social security | 45 | €10,013 | €16,662 | +€6,649 | +66.4% |
| Taxes | 450/3 | €10,013 | €16,662 | +€6,649 | +66.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €2,648 | = | 0.0% |
| Other operating charges | 640/8 | €913 | €690 | -€223 | -24.4% |
| Gross operating margin | 9900 | €27,919 | €55,019 | +€27,100 | +97.1% |
| Operating profit (loss) | 9901 | €24,358 | €51,681 | +€27,323 | +112% |
| Financial income | 75/76B | €261 | €182 | -€79 | -30.4% |
| Recurring financial income | 75 | €261 | €182 | -€79 | -30.4% |
| Financial charges | 65/66B | €787 | €778 | -€9 | -1.1% |
| Recurring financial charges | 65 | €787 | €778 | -€9 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €23,832 | €51,085 | +€27,253 | +114% |
| Income taxes | 67/77 | €6,829 | €13,780 | +€6,951 | +102% |
| Profit (loss) for the period | 9904 | €17,003 | €37,305 | +€20,301 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €17,003 | €37,305 | +€20,301 | +119% |
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 30 October 2026 via checked.be.