VERASSFIN: 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.
VERASSFIN
Largest movements
- Intangible fixed assets -€67,516
down €67,516 (-14.8%), from €455,591 to €388,076
- Cash +€51,419
up €51,419 (+14.1%), from €364,017 to €415,435
mainly Depreciation (+€78,784) and Advances received (+€45,693)
- Debts after one year -€67,164
down €67,164 (-16.7%), from €401,122 to €333,958
- Advances received +€45,693
up €45,693 (+28.9%), from €157,973 to €203,666
- Trade debts -€16,201
down €16,201 (-32.4%), from €50,052 to €33,851
of which Suppliers: -€10,992
- Reserves +€15,449
up €15,449 (+12.2%), from €126,668 to €142,118
of which Distributable reserves: +€15,449
- Gross operating margin -€73,855
down €73,855 (-18.5%), from €399,277 to €325,422
- Depreciation -€51,607
down €51,607 (-39.6%), from €130,391 to €78,784
- Staff costs +€7,253
up €7,253 (+3.9%), from €185,393 to €192,645
- Taxes -€5,570
down €5,570 (-26.0%), from €21,427 to €15,858
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 | €875,607 | €854,061 | -€21,545 | -2.5% |
| Fixed assets | 21/28 | €491,374 | €417,956 | -€73,419 | -14.9% |
| Intangible fixed assets | 21 | €455,591 | €388,076 | -€67,516 | -14.8% |
| Tangible fixed assets | 22/27 | €35,783 | €29,880 | -€5,903 | -16.5% |
| Plant, machinery and equipment | 23 | €2,240 | €1,951 | -€290 | -12.9% |
| Furniture and vehicles | 24 | €14,223 | €12,381 | -€1,842 | -12.9% |
| Other tangible fixed assets | 26 | €19,320 | €15,548 | -€3,772 | -19.5% |
| Current assets | 29/58 | €384,232 | €436,106 | +€51,873 | +13.5% |
| Amounts receivable after more than one year | 29 | €50 | €50 | = | 0.0% |
| Trade receivables | 290 | €50 | €50 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,379 | €19,436 | +€57 | +0.3% |
| Other amounts receivable | 41 | €19,379 | €19,436 | +€57 | +0.3% |
| Cash at bank and in hand | 54/58 | €364,017 | €415,435 | +€51,419 | +14.1% |
| Deferred charges and accrued income | 490/1 | €787 | €1,185 | +€397 | +50.5% |
| Total equity and liabilities | 10/49 | €875,607 | €854,061 | -€21,545 | -2.5% |
| Equity | 10/15 | €175,114 | €190,563 | +€15,449 | +8.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €126,668 | €142,118 | +€15,449 | +12.2% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €117,668 | €133,118 | +€15,449 | +13.1% |
| Profit (loss) carried forward | 14 | €23,446 | €23,446 | = | 0.0% |
| Amounts payable | 17/49 | €700,493 | €663,498 | -€36,995 | -5.3% |
| Amounts payable after more than one year | 17 | €401,122 | €333,958 | -€67,164 | -16.7% |
| Financial debts | 170/4 | €401,122 | €333,958 | -€67,164 | -16.7% |
| Amounts payable within one year | 42/48 | €293,422 | €329,171 | +€35,750 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €66,109 | €67,164 | +€1,055 | +1.6% |
| Trade debts | 44 | €50,052 | €33,851 | -€16,201 | -32.4% |
| Suppliers | 440/4 | €15,742 | €4,751 | -€10,992 | -69.8% |
| Bills of exchange payable | 441 | €34,309 | €29,100 | -€5,209 | -15.2% |
| Advances received on contracts in progress | 46 | €157,973 | €203,666 | +€45,693 | +28.9% |
| Taxes, remuneration and social security | 45 | €19,224 | €24,426 | +€5,203 | +27.1% |
| Remuneration and social security | 454/9 | €19,224 | €24,426 | +€5,203 | +27.1% |
| Other amounts payable | 47/48 | €64 | €64 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,949 | €369 | -€5,580 | -93.8% |
| Non-recurring operating income | 76A | €7,105 | €182 | -€6,924 | -97.4% |
| Remuneration, social security and pensions | 62 | €185,393 | €192,645 | +€7,253 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,391 | €78,784 | -€51,607 | -39.6% |
| Other operating charges | 640/8 | €11,237 | €10,402 | -€835 | -7.4% |
| Gross operating margin | 9900 | €399,277 | €325,422 | -€73,855 | -18.5% |
| Operating profit (loss) | 9901 | €72,257 | €43,591 | -€28,666 | -39.7% |
| Financial income | 75/76B | €672 | €1,349 | +€676 | +101% |
| Recurring financial income | 75 | €672 | €1,349 | +€676 | +101% |
| Financial charges | 65/66B | €8,757 | €7,614 | -€1,143 | -13.1% |
| Recurring financial charges | 65 | €8,584 | €7,424 | -€1,160 | -13.5% |
| Non-recurring financial charges | 66B | €173 | €189 | +€17 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €64,173 | €37,326 | -€26,847 | -41.8% |
| Income taxes | 67/77 | €21,427 | €15,858 | -€5,570 | -26.0% |
| Profit (loss) for the period | 9904 | €42,746 | €21,469 | -€21,277 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,746 | €21,469 | -€21,277 | -49.8% |
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 1 November 2026 via checked.be.