VEREVI: 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.
VEREVI
Largest movements
- Current investments +€325,947
up €325,947 (+32.9%), from €991,022 to €1.3m
- Receivables within one year +€111,339
new in 2025: €111,339
- Cash -€68,341
down €68,341 (-85.5%), from €79,891 to €11,550
mainly Other debts (-€1.1m) and Current investments (-€325,947)
- Reserves +€1.4m
up €1.4m (+160%), from €858,669 to €2.2m
- Other debts -€1.1m
down €1.1m (-99.3%), from €1.1m to €7,500
- Tax, wage and social debts +€83,392
up €83,392 (+196%), from €42,530 to €125,922
- Financial income +€1.5m
up €1.5m (+4,852%), from €30,852 to €1.5m
- Taxes +€135,991
up €135,991 (+8,350%), from €1,629 to €137,620
- Financial charges +€702
up €702 (+155%), from €454 to €1,155
- Depreciation -€470
down €470 (-12.8%), from €3,680 to €3,210
- Gross operating margin +€448
up €448 (+5.8%), from -€7,721 to -€7,273
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 | €4,459,940 | €4,826,287 | +€366,347 | +8.2% |
| Fixed assets | 21/28 | €3,388,531 | €3,385,321 | -€3,210 | -0.1% |
| Tangible fixed assets | 22/27 | €15,195 | €11,985 | -€3,210 | -21.1% |
| Plant, machinery and equipment | 23 | €2,526 | €2,006 | -€520 | -20.6% |
| Furniture and vehicles | 24 | €12,669 | €9,979 | -€2,690 | -21.2% |
| Financial fixed assets | 28 | €3,373,336 | €3,373,336 | = | 0.0% |
| Current assets | 29/58 | €1,071,409 | €1,440,966 | +€369,557 | +34.5% |
| Amounts receivable within one year | 40/41 | - | €111,339 | +€111,339 | |
| Other amounts receivable | 41 | - | €111,339 | +€111,339 | |
| Current investments | 50/53 | €991,022 | €1,316,969 | +€325,947 | +32.9% |
| Cash at bank and in hand | 54/58 | €79,891 | €11,550 | -€68,341 | -85.5% |
| Deferred charges and accrued income | 490/1 | €496 | €1,108 | +€612 | +123% |
| Total equity and liabilities | 10/49 | €4,459,940 | €4,826,287 | +€366,347 | +8.2% |
| Equity | 10/15 | €3,322,823 | €4,692,532 | +€1.4m | +41.2% |
| Contributions | 10/11 | €2,464,154 | €2,464,154 | = | 0.0% |
| Reserves | 13 | €858,669 | €2,228,379 | +€1.4m | +160% |
| Distributable reserves | 133 | €858,669 | €2,228,379 | +€1.4m | +160% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,137,117 | €133,754 | -€1.0m | -88.2% |
| Amounts payable within one year | 42/48 | €1,137,117 | €133,422 | -€1.0m | -88.3% |
| Trade debts | 44 | €29 | €0 | -€29 | -100% |
| Suppliers | 440/4 | €29 | €0 | -€29 | -100% |
| Taxes, remuneration and social security | 45 | €42,530 | €125,922 | +€83,392 | +196% |
| Taxes | 450/3 | €42,530 | €125,922 | +€83,392 | +196% |
| Other amounts payable | 47/48 | €1,094,558 | €7,500 | -€1.1m | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €332 | +€332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,680 | €3,210 | -€470 | -12.8% |
| Other operating charges | 640/8 | €1,083 | €1,252 | +€170 | +15.7% |
| Gross operating margin | 9900 | -€7,721 | -€7,273 | +€448 | +5.8% |
| Operating profit (loss) | 9901 | -€12,483 | -€11,735 | +€748 | +6.0% |
| Financial income | 75/76B | €30,852 | €1,527,720 | +€1.5m | +4,852% |
| Recurring financial income | 75 | €30,852 | €1,527,720 | +€1.5m | +4,852% |
| Financial charges | 65/66B | €454 | €1,155 | +€702 | +155% |
| Recurring financial charges | 65 | €454 | €1,155 | +€702 | +155% |
| Profit (loss) for the period before taxes | 9903 | €17,915 | €1,514,829 | +€1.5m | +8,356% |
| Income taxes | 67/77 | €1,629 | €137,620 | +€135,991 | +8,350% |
| Profit (loss) for the period | 9904 | €16,286 | €1,377,210 | +€1.4m | +8,356% |
| Profit (loss) for the period to be appropriated | 9905 | €16,286 | €1,377,210 | +€1.4m | +8,356% |
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 28 October 2026 via checked.be.