VEREZPI: what changed
VEREZPI
Largest movements
- Cash +€60,563
up €60,563 (+43.2%), from €140,133 to €200,697
mainly Net result for the year (+€71,367) and Receivables after one year (+€21,850)
- Tangible fixed assets +€29,047
up €29,047 (+233%), from €12,489 to €41,536
of which Furniture and vehicles: +€29,274
- Receivables after one year -€21,850
no longer reported in 2025 (was €21,850)
- Profit (loss) carried forward +€71,367
up €71,367 (+115%), from €62,154 to €133,521
- Tax, wage and social debts -€8,001
down €8,001 (-39.6%), from €20,223 to €12,221
of which Remuneration and social security: -€6,707
- Depreciation -€8,929
down €8,929 (-68.2%), from €13,096 to €4,167
- Taxes +€2,352
up €2,352 (+12.7%), from €18,506 to €20,858
- Gross operating margin +€1,461
up €1,461 (+1.5%), from €96,024 to €97,485
- Financial charges -€1,339
down €1,339 (-93.8%), from €1,427 to €89
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,336 | €264,289 | +€64,953 | +32.6% |
| Fixed assets | 21/28 | €13,689 | €42,736 | +€29,047 | +212% |
| Tangible fixed assets | 22/27 | €12,489 | €41,536 | +€29,047 | +233% |
| Furniture and vehicles | 24 | €9,538 | €38,812 | +€29,274 | +307% |
| Other tangible fixed assets | 26 | €2,952 | €2,724 | -€227 | -7.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €185,647 | €221,553 | +€35,906 | +19.3% |
| Amounts receivable after more than one year | 29 | €21,850 | - | -€21,850 | |
| Other amounts receivable | 291 | €21,850 | - | -€21,850 | |
| Amounts receivable within one year | 40/41 | €22,672 | €20,692 | -€1,980 | -8.7% |
| Trade receivables | 40 | €17,130 | €16,870 | -€260 | -1.5% |
| Other amounts receivable | 41 | €5,542 | €3,822 | -€1,720 | -31.0% |
| Cash at bank and in hand | 54/58 | €140,133 | €200,697 | +€60,563 | +43.2% |
| Deferred charges and accrued income | 490/1 | €992 | €165 | -€827 | -83.4% |
| Total equity and liabilities | 10/49 | €199,336 | €264,289 | +€64,953 | +32.6% |
| Equity | 10/15 | €179,114 | €250,481 | +€71,367 | +39.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €96,500 | €96,500 | = | 0.0% |
| Distributable reserves | 133 | €96,500 | €96,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,154 | €133,521 | +€71,367 | +115% |
| Amounts payable | 17/49 | €20,223 | €13,809 | -€6,414 | -31.7% |
| Amounts payable within one year | 42/48 | €20,223 | €13,809 | -€6,414 | -31.7% |
| Taxes, remuneration and social security | 45 | €20,223 | €12,221 | -€8,001 | -39.6% |
| Taxes | 450/3 | €3,657 | €2,363 | -€1,294 | -35.4% |
| Remuneration and social security | 454/9 | €16,565 | €9,858 | -€6,707 | -40.5% |
| Other amounts payable | 47/48 | - | €1,588 | +€1,588 | |
| Non-recurring operating income | 76A | - | €10,604 | +€10,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,096 | €4,167 | -€8,929 | -68.2% |
| Other operating charges | 640/8 | €1,253 | €1,052 | -€201 | -16.1% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €96,024 | €97,485 | +€1,461 | +1.5% |
| Operating profit (loss) | 9901 | €81,612 | €92,266 | +€10,654 | +13.1% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €1,427 | €89 | -€1,339 | -93.8% |
| Recurring financial charges | 65 | €1,427 | €89 | -€1,339 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €80,185 | €92,225 | +€12,040 | +15.0% |
| Income taxes | 67/77 | €18,506 | €20,858 | +€2,352 | +12.7% |
| Profit (loss) for the period | 9904 | €61,678 | €71,367 | +€9,689 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,678 | €71,367 | +€9,689 | +15.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.