VERASSNET: 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.
VERASSNET
Largest movements
- Tangible fixed assets -€32,332
down €32,332 (-28.6%), from €112,996 to €80,664
of which Furniture and vehicles: -€30,259
- Receivables within one year +€18,504
up €18,504 (+19.5%), from €94,916 to €113,420
of which Trade receivables: +€30,430
- Intangible fixed assets +€11,499
up €11,499 (+20.3%), from €56,582 to €68,081
- Cash -€10,663
down €10,663 (-14.3%), from €74,795 to €64,132
mainly Debts after one year (-€30,955) and Investment in fixed assets (net) (-€24,225)
- Debts after one year -€30,955
down €30,955 (-35.3%), from €87,796 to €56,842
- Reserves +€17,166
up €17,166 (+12.9%), from €133,365 to €150,531
of which Distributable reserves: +€17,166
- Gross operating margin +€22,677
up €22,677 (+43.8%), from €51,763 to €74,440
- Depreciation +€14,497
up €14,497 (+47.0%), from €30,836 to €45,332
- Taxes -€4,066
down €4,066 (-41.2%), from €9,860 to €5,794
- Financial charges +€3,271
up €3,271 (+141.9%), from €2,305 to €5,576
- Financial income -€1,941
down €1,941 (-83.0%), from €2,339 to €397
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 | €340,164 | €326,897 | -€13,266 | -3.9% |
| Fixed assets | 21/28 | €170,452 | €149,345 | -€21,107 | -12.4% |
| Intangible fixed assets | 21 | €56,582 | €68,081 | +€11,499 | +20.3% |
| Tangible fixed assets | 22/27 | €112,996 | €80,664 | -€32,332 | -28.6% |
| Plant, machinery and equipment | 23 | €2,072 | - | -€2,072 | |
| Furniture and vehicles | 24 | €110,923 | €80,664 | -€30,259 | -27.3% |
| Financial fixed assets | 28 | €875 | €600 | -€275 | -31.4% |
| Current assets | 29/58 | €169,711 | €177,552 | +€7,841 | +4.6% |
| Amounts receivable within one year | 40/41 | €94,916 | €113,420 | +€18,504 | +19.5% |
| Trade receivables | 40 | €81,251 | €111,682 | +€30,430 | +37.5% |
| Other amounts receivable | 41 | €13,665 | €1,738 | -€11,927 | -87.3% |
| Cash at bank and in hand | 54/58 | €74,795 | €64,132 | -€10,663 | -14.3% |
| Total equity and liabilities | 10/49 | €340,164 | €326,897 | -€13,266 | -3.9% |
| Equity | 10/15 | €195,865 | €213,031 | +€17,166 | +8.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €133,365 | €150,531 | +€17,166 | +12.9% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €127,115 | €144,281 | +€17,166 | +13.5% |
| Amounts payable | 17/49 | €144,299 | €113,867 | -€30,432 | -21.1% |
| Amounts payable after more than one year | 17 | €87,796 | €56,842 | -€30,955 | -35.3% |
| Financial debts | 170/4 | €87,796 | €56,842 | -€30,955 | -35.3% |
| Amounts payable within one year | 42/48 | €56,502 | €57,025 | +€523 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €29,892 | €30,955 | +€1,063 | +3.6% |
| Trade debts | 44 | €24,708 | €22,171 | -€2,537 | -10.3% |
| Suppliers | 440/4 | €24,708 | €22,171 | -€2,537 | -10.3% |
| Taxes, remuneration and social security | 45 | €1,903 | €3,900 | +€1,997 | +105.0% |
| Taxes | 450/3 | €1,903 | €3,900 | +€1,997 | +105.0% |
| Remuneration, social security and pensions | 62 | €77 | €183 | +€106 | +139.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,836 | €45,332 | +€14,497 | +47.0% |
| Other operating charges | 640/8 | €1,191 | €786 | -€405 | -34.0% |
| Non-recurring operating charges | 66A | €7,401 | - | -€7,401 | |
| Gross operating margin | 9900 | €51,763 | €74,440 | +€22,677 | +43.8% |
| Operating profit (loss) | 9901 | €12,259 | €28,139 | +€15,879 | +129.5% |
| Financial income | 75/76B | €2,339 | €397 | -€1,941 | -83.0% |
| Recurring financial income | 75 | €2,339 | €397 | -€1,941 | -83.0% |
| Financial charges | 65/66B | €2,305 | €5,576 | +€3,271 | +141.9% |
| Recurring financial charges | 65 | €2,305 | €5,576 | +€3,271 | +141.9% |
| Profit (loss) for the period before taxes | 9903 | €12,293 | €22,960 | +€10,667 | +86.8% |
| Income taxes | 67/77 | €9,860 | €5,794 | -€4,066 | -41.2% |
| Profit (loss) for the period | 9904 | €2,433 | €17,166 | +€14,733 | +605.5% |
| Transfer from tax-exempt reserves | 789 | €28,500 | - | -€28,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,933 | €17,166 | -€13,767 | -44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.