VER-INVEST: 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-INVEST
Largest movements
- Stocks and contracts -€56,030
no longer reported in 2025 (was €56,030)
- Receivables within one year +€11,161
up €11,161 (+129%), from €8,656 to €19,818
of which Other amounts receivable: +€10,649
- Cash +€9,219
up €9,219 (+127%), from €7,266 to €16,485
mainly Stocks and contracts (+€56,030) and Net result for the year (+€11,150)
- Deferred charges and accrued income -€1,273
no longer reported in 2025 (was €1,273)
- Other debts -€47,995
no longer reported in 2025 (was €47,995)
- Reserves +€11,150
up €11,150 (+85.1%), from €13,101 to €24,251
- Gross operating margin -€15,824
down €15,824 (-48.5%), from €32,614 to €16,789
- Financial income +€744
new in 2025: €744
- Taxes +€487
up €487 (+9.3%), from €5,222 to €5,709
- Other operating charges -€345
down €345 (-74.2%), from €465 to €120
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 | €73,226 | €36,303 | -€36,923 | -50.4% |
| Current assets | 29/58 | €73,226 | €36,303 | -€36,923 | -50.4% |
| Stocks and contracts in progress | 3 | €56,030 | - | -€56,030 | |
| Stocks | 30/36 | €56,030 | - | -€56,030 | |
| Amounts receivable within one year | 40/41 | €8,656 | €19,818 | +€11,161 | +129% |
| Trade receivables | 40 | - | €512 | +€512 | |
| Other amounts receivable | 41 | €8,656 | €19,305 | +€10,649 | +123% |
| Cash at bank and in hand | 54/58 | €7,266 | €16,485 | +€9,219 | +127% |
| Deferred charges and accrued income | 490/1 | €1,273 | - | -€1,273 | |
| Total equity and liabilities | 10/49 | €73,226 | €36,303 | -€36,923 | -50.4% |
| Equity | 10/15 | €19,301 | €30,451 | +€11,150 | +57.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,101 | €24,251 | +€11,150 | +85.1% |
| Distributable reserves | 133 | €13,101 | €24,251 | +€11,150 | +85.1% |
| Amounts payable | 17/49 | €53,925 | €5,852 | -€48,073 | -89.1% |
| Amounts payable within one year | 42/48 | €53,925 | €5,852 | -€48,073 | -89.1% |
| Trade debts | 44 | €709 | €142 | -€566 | -79.9% |
| Suppliers | 440/4 | €709 | €142 | -€566 | -79.9% |
| Taxes, remuneration and social security | 45 | €5,222 | €5,709 | +€487 | +9.3% |
| Taxes | 450/3 | €5,222 | €5,709 | +€487 | +9.3% |
| Other amounts payable | 47/48 | €47,995 | - | -€47,995 | |
| Other operating charges | 640/8 | €465 | €120 | -€345 | -74.2% |
| Gross operating margin | 9900 | €32,614 | €16,789 | -€15,824 | -48.5% |
| Operating profit (loss) | 9901 | €32,149 | €16,669 | -€15,480 | -48.2% |
| Financial income | 75/76B | - | €744 | +€744 | |
| Recurring financial income | 75 | - | €744 | +€744 | |
| Financial charges | 65/66B | €606 | €553 | -€53 | -8.8% |
| Recurring financial charges | 65 | €606 | €553 | -€53 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €31,543 | €16,860 | -€14,683 | -46.5% |
| Income taxes | 67/77 | €5,222 | €5,709 | +€487 | +9.3% |
| Profit (loss) for the period | 9904 | €26,321 | €11,150 | -€15,170 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,321 | €11,150 | -€15,170 | -57.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.