VER-NI: 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-NI
Largest movements
- Tangible fixed assets +€27,031
up €27,031 (+793%), from €3,408 to €30,439
of which Furniture and vehicles: +€27,589
- Cash -€19,874
down €19,874 (-48.8%), from €40,691 to €20,817
mainly Investment in fixed assets (net) (-€41,106) and Net result for the year (-€17,716)
- Receivables within one year +€3,090
up €3,090 (+157%), from €1,964 to €5,053
of which Other amounts receivable: +€2,140
- Intangible fixed assets -€1,000
down €1,000 (-83.4%), from €1,200 to €200
- Debts after one year +€25,000
up €25,000 (+167%), from €15,000 to €40,000
- Profit (loss) carried forward -€17,719
down €17,719 (-122%), from -€14,533 to -€32,251
- Other debts +€1,588
up €1,588 (+5.8%), from €27,259 to €28,847
- Trade debts +€727
up €727 (+151%), from €482 to €1,209
- Depreciation +€12,611
up €12,611 (+512%), from €2,464 to €15,075
- Gross operating margin -€932
down €932 (-119%), from -€786 to -€1,718
- Taxes +€193
new in 2025: €193
- Other operating charges +€115
up €115 (+21.7%), from €528 to €642
- Financial charges +€38
up €38 (+75.6%), from €50 to €88
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 | €47,262 | €56,893 | +€9,631 | +20.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,607 | €30,638 | +€26,031 | +565% |
| Intangible fixed assets | 21 | €1,200 | €200 | -€1,000 | -83.4% |
| Tangible fixed assets | 22/27 | €3,408 | €30,439 | +€27,031 | +793% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €527 | €28,116 | +€27,589 | +5,233% |
| Other tangible fixed assets | 26 | €2,881 | €2,323 | -€558 | -19.4% |
| Current assets | 29/58 | €42,655 | €26,255 | -€16,400 | -38.4% |
| Amounts receivable within one year | 40/41 | €1,964 | €5,053 | +€3,090 | +157% |
| Trade receivables | 40 | €1,125 | €2,075 | +€949 | +84.4% |
| Other amounts receivable | 41 | €838 | €2,979 | +€2,140 | +255% |
| Cash at bank and in hand | 54/58 | €40,691 | €20,817 | -€19,874 | -48.8% |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €47,262 | €56,893 | +€9,631 | +20.4% |
| Equity | 10/15 | €4,363 | -€13,355 | -€17,719 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €346 | €346 | = | 0.0% |
| Distributable reserves | 133 | €346 | €346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,533 | -€32,251 | -€17,719 | -122% |
| Amounts payable | 17/49 | €42,899 | €70,248 | +€27,349 | +63.8% |
| Amounts payable after more than one year | 17 | €15,000 | €40,000 | +€25,000 | +167% |
| Other amounts payable | 178/9 | €15,000 | €40,000 | +€25,000 | +167% |
| Amounts payable within one year | 42/48 | €27,899 | €30,248 | +€2,349 | +8.4% |
| Trade debts | 44 | €482 | €1,209 | +€727 | +151% |
| Suppliers | 440/4 | €482 | €1,209 | +€727 | +151% |
| Taxes, remuneration and social security | 45 | €158 | €193 | +€35 | +22.1% |
| Taxes | 450/3 | €158 | €193 | +€35 | +22.1% |
| Other amounts payable | 47/48 | €27,259 | €28,847 | +€1,588 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,464 | €15,075 | +€12,611 | +512% |
| Other operating charges | 640/8 | €528 | €642 | +€115 | +21.7% |
| Gross operating margin | 9900 | -€786 | -€1,718 | -€932 | -119% |
| Operating profit (loss) | 9901 | -€3,778 | -€17,436 | -€13,657 | -361% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €50 | €88 | +€38 | +75.6% |
| Recurring financial charges | 65 | €50 | €88 | +€38 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,829 | -€17,524 | -€13,695 | -358% |
| Income taxes | 67/77 | - | €193 | +€193 | |
| Profit (loss) for the period | 9904 | -€3,829 | -€17,716 | -€13,888 | -363% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,829 | -€17,716 | -€13,888 | -363% |
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 25 October 2026 via checked.be.