Ver-um: 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-um
Largest movements
- Current investments -€249,620
down €249,620 (-38.8%), from €643,362 to €393,742
- Cash -€68,556
down €68,556 (-93.7%), from €73,164 to €4,609
mainly Contributions, distributions and other (-€470,000) and Other debts (-€140,000)
- Receivables within one year -€36,300
no longer reported in 2025 (was €36,300)
- Profit (loss) carried forward -€216,374
down €216,374 (-94.8%), from €228,144 to €11,770
- Other debts -€140,000
down €140,000 (-28.0%), from €500,000 to €360,000
- Gross operating margin +€60,636
up €60,636 (+23.0%), from €263,510 to €324,146
- Taxes +€14,306
up €14,306 (+22.4%), from €63,949 to €78,255
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 | €754,644 | €402,107 | -€352,537 | -46.7% |
| Fixed assets | 21/28 | €1,380 | €3,232 | +€1,853 | +134% |
| Tangible fixed assets | 22/27 | €1,380 | €3,232 | +€1,853 | +134% |
| Plant, machinery and equipment | 23 | - | €2,775 | +€2,775 | |
| Furniture and vehicles | 24 | €1,380 | €458 | -€922 | -66.8% |
| Current assets | 29/58 | €753,264 | €398,875 | -€354,389 | -47.0% |
| Amounts receivable within one year | 40/41 | €36,300 | - | -€36,300 | |
| Trade receivables | 40 | €36,300 | - | -€36,300 | |
| Current investments | 50/53 | €643,362 | €393,742 | -€249,620 | -38.8% |
| Cash at bank and in hand | 54/58 | €73,164 | €4,609 | -€68,556 | -93.7% |
| Deferred charges and accrued income | 490/1 | €438 | €524 | +€86 | +19.7% |
| Total equity and liabilities | 10/49 | €754,644 | €402,107 | -€352,537 | -46.7% |
| Equity | 10/15 | €231,144 | €14,770 | -€216,374 | -93.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,144 | €11,770 | -€216,374 | -94.8% |
| Amounts payable | 17/49 | €523,500 | €387,337 | -€136,163 | -26.0% |
| Amounts payable within one year | 42/48 | €523,500 | €387,337 | -€136,163 | -26.0% |
| Trade debts | 44 | €4,439 | €4,728 | +€290 | +6.5% |
| Suppliers | 440/4 | €4,439 | €4,728 | +€290 | +6.5% |
| Taxes, remuneration and social security | 45 | €19,061 | €22,609 | +€3,548 | +18.6% |
| Taxes | 450/3 | €19,061 | €22,609 | +€3,548 | +18.6% |
| Other amounts payable | 47/48 | €500,000 | €360,000 | -€140,000 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €937 | +€15 | +1.7% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | €263,510 | €324,146 | +€60,636 | +23.0% |
| Operating profit (loss) | 9901 | €261,960 | €322,565 | +€60,605 | +23.1% |
| Financial income | 75/76B | €12,568 | €9,346 | -€3,222 | -25.6% |
| Recurring financial income | 75 | €12,568 | €9,346 | -€3,222 | -25.6% |
| Financial charges | 65/66B | €74 | €31 | -€43 | -58.0% |
| Recurring financial charges | 65 | €74 | €31 | -€43 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €274,455 | €331,881 | +€57,426 | +20.9% |
| Income taxes | 67/77 | €63,949 | €78,255 | +€14,306 | +22.4% |
| Profit (loss) for the period | 9904 | €210,506 | €253,626 | +€43,120 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,506 | €253,626 | +€43,120 | +20.5% |
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 14 October 2026 via checked.be.