VER LIEFDEN: 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 LIEFDEN
Largest movements
- Current investments -€296,660
down €296,660 (-24.0%), from €1.2m to €940,623
- Cash +€25,089
up €25,089 (+38.5%), from €65,092 to €90,181
mainly Current investments (+€296,660) and Net result for the year (+€115,064)
- Other debts -€427,731
down €427,731 (-85.4%), from €500,601 to €72,870
- Profit (loss) carried forward +€279,234
no longer reported in 2025 (was -€279,234)
- Reserves -€164,171
down €164,171 (-13.1%), from €1.3m to €1.1m
- Tax, wage and social debts +€39,893
up €39,893 (+337%), from €11,837 to €51,730
- Financial income +€166,114
up €166,114 (+434%), from €38,279 to €204,393
- Taxes +€72,433
up €72,433 (+7,832%), from €925 to €73,358
- Financial charges -€17,995
down €17,995 (-35.2%), from €51,135 to €33,141
- Gross operating margin +€7,857
up €7,857 (+33.2%), from €23,679 to €31,535
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 | €1,583,332 | €1,300,504 | -€282,828 | -17.9% |
| Fixed assets | 21/28 | €259,485 | €255,214 | -€4,271 | -1.6% |
| Tangible fixed assets | 22/27 | €259,485 | €255,214 | -€4,271 | -1.6% |
| Land and buildings | 22 | €259,485 | €255,214 | -€4,271 | -1.6% |
| Current assets | 29/58 | €1,323,848 | €1,045,290 | -€278,557 | -21.0% |
| Amounts receivable within one year | 40/41 | €17,763 | €10,559 | -€7,204 | -40.6% |
| Other amounts receivable | 41 | €17,763 | €10,559 | -€7,204 | -40.6% |
| Current investments | 50/53 | €1,237,284 | €940,623 | -€296,660 | -24.0% |
| Cash at bank and in hand | 54/58 | €65,092 | €90,181 | +€25,089 | +38.5% |
| Deferred charges and accrued income | 490/1 | €3,709 | €3,927 | +€218 | +5.9% |
| Total equity and liabilities | 10/49 | €1,583,332 | €1,300,504 | -€282,828 | -17.9% |
| Equity | 10/15 | €1,039,782 | €1,154,846 | +€115,064 | +11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,257,016 | €1,092,846 | -€164,171 | -13.1% |
| Distributable reserves | 133 | €1,257,016 | €1,092,846 | -€164,171 | -13.1% |
| Profit (loss) carried forward | 14 | -€279,234 | - | +€279,234 | |
| Amounts payable | 17/49 | €543,550 | €145,658 | -€397,892 | -73.2% |
| Amounts payable within one year | 42/48 | €515,932 | €130,293 | -€385,639 | -74.7% |
| Trade debts | 44 | €3,494 | €5,693 | +€2,199 | +62.9% |
| Suppliers | 440/4 | €3,494 | €5,693 | +€2,199 | +62.9% |
| Taxes, remuneration and social security | 45 | €11,837 | €51,730 | +€39,893 | +337% |
| Taxes | 450/3 | €11,837 | €51,730 | +€39,893 | +337% |
| Other amounts payable | 47/48 | €500,601 | €72,870 | -€427,731 | -85.4% |
| Accrued charges and deferred income | 492/3 | €27,619 | €15,366 | -€12,253 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,271 | €4,271 | = | 0.0% |
| Other operating charges | 640/8 | €10,308 | €10,095 | -€213 | -2.1% |
| Gross operating margin | 9900 | €23,679 | €31,535 | +€7,857 | +33.2% |
| Operating profit (loss) | 9901 | €9,100 | €17,170 | +€8,069 | +88.7% |
| Financial income | 75/76B | €38,279 | €204,393 | +€166,114 | +434% |
| Recurring financial income | 75 | €38,279 | €204,393 | +€166,114 | +434% |
| Financial charges | 65/66B | €51,135 | €33,141 | -€17,995 | -35.2% |
| Recurring financial charges | 65 | €51,135 | €33,141 | -€17,995 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,756 | €188,422 | +€192,178 | |
| Income taxes | 67/77 | €925 | €73,358 | +€72,433 | +7,832% |
| Profit (loss) for the period | 9904 | -€4,681 | €115,064 | +€119,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,681 | €115,064 | +€119,744 |
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 13 October 2026 via checked.be.