VER'OLIVE: what changed
Two fiscal 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'OLIVE
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€57,835
down €57,835 (-38.8%), from €149,069 to €91,234
mainly Current investments (-€70,000) and Other debts (-€20,713)
- Receivables within one year -€2,033
down €2,033 (-38.9%), from €5,225 to €3,192
of which Other amounts receivable: -€2,825
- Reserves +€38,281
up €38,281 (+45.9%), from €83,382 to €121,664
- Other debts -€20,713
down €20,713 (-29.6%), from €70,053 to €49,341
- Trade debts -€9,066
down €9,066 (-72.5%), from €12,501 to €3,435
- Staff costs +€19,915
new in 2025: €19,915
- Gross operating margin +€18,086
up €18,086 (+30.3%), from €59,634 to €77,720
- Depreciation +€1,076
up €1,076 (+34.2%), from €3,141 to €4,217
- Taxes +€902
up €902 (+7.7%), from €11,694 to €12,596
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 | €174,931 | €185,035 | +€10,104 | +5.8% |
| Fixed assets | 21/28 | €19,080 | €19,164 | +€84 | +0.4% |
| Tangible fixed assets | 22/27 | €19,080 | €19,164 | +€84 | +0.4% |
| Furniture and vehicles | 24 | €5,298 | €3,588 | -€1,710 | -32.3% |
| Other tangible fixed assets | 26 | €13,782 | €15,576 | +€1,794 | +13.0% |
| Current assets | 29/58 | €155,851 | €165,871 | +€10,020 | +6.4% |
| Amounts receivable within one year | 40/41 | €5,225 | €3,192 | -€2,033 | -38.9% |
| Trade receivables | 40 | - | €792 | +€792 | |
| Other amounts receivable | 41 | €5,225 | €2,400 | -€2,825 | -54.1% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €149,069 | €91,234 | -€57,835 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,557 | €1,445 | -€112 | -7.2% |
| Total equity and liabilities | 10/49 | €174,931 | €185,035 | +€10,104 | +5.8% |
| Equity | 10/15 | €88,382 | €126,664 | +€38,281 | +43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,382 | €121,664 | +€38,281 | +45.9% |
| Distributable reserves | 133 | €83,382 | €121,664 | +€38,281 | +45.9% |
| Amounts payable | 17/49 | €86,549 | €58,371 | -€28,177 | -32.6% |
| Amounts payable within one year | 42/48 | €86,549 | €56,567 | -€29,982 | -34.6% |
| Trade debts | 44 | €12,501 | €3,435 | -€9,066 | -72.5% |
| Suppliers | 440/4 | €12,501 | €3,435 | -€9,066 | -72.5% |
| Taxes, remuneration and social security | 45 | €3,994 | €3,791 | -€203 | -5.1% |
| Taxes | 450/3 | €3,994 | €1,808 | -€2,186 | -54.7% |
| Remuneration and social security | 454/9 | - | €1,982 | +€1,982 | |
| Other amounts payable | 47/48 | €70,053 | €49,341 | -€20,713 | -29.6% |
| Accrued charges and deferred income | 492/3 | - | €1,805 | +€1,805 | |
| Remuneration, social security and pensions | 62 | - | €19,915 | +€19,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,141 | €4,217 | +€1,076 | +34.2% |
| Other operating charges | 640/8 | €3,164 | €2,580 | -€583 | -18.4% |
| Gross operating margin | 9900 | €59,634 | €77,720 | +€18,086 | +30.3% |
| Operating profit (loss) | 9901 | €53,329 | €51,007 | -€2,321 | -4.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €111 | €131 | +€20 | +17.7% |
| Recurring financial charges | 65 | €111 | €131 | +€20 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €53,217 | €50,877 | -€2,341 | -4.4% |
| Income taxes | 67/77 | €11,694 | €12,596 | +€902 | +7.7% |
| Profit (loss) for the period | 9904 | €41,523 | €38,281 | -€3,242 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,523 | €38,281 | -€3,242 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.