VERFICO: 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.
VERFICO
Largest movements
- Receivables within one year -€16,749
down €16,749 (-14.3%), from €116,779 to €100,030
of which Other amounts receivable: -€10,750
- Tangible fixed assets -€6,252
down €6,252 (-4.9%), from €127,710 to €121,458
of which Land and buildings: -€7,239
- Profit (loss) carried forward -€17,242
down €17,242 (-17.5%), from -€98,300 to -€115,541
- Other debts -€5,006
down €5,006 (-1.3%), from €377,066 to €372,059
- Gross operating margin -€11,800
down €11,800 (-95.2%), from €12,391 to €591
- Depreciation -€2,424
down €2,424 (-23.5%), from €10,305 to €7,881
- Other operating charges -€508
down €508 (-15.8%), from €3,219 to €2,711
- Taxes -€187
no longer reported in 2024 (was €187)
- Financial charges +€144
up €144 (+2.1%), from €6,826 to €6,970
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,572 | €385,994 | -€23,578 | -5.8% |
| Fixed assets | 21/28 | €127,760 | €121,508 | -€6,252 | -4.9% |
| Tangible fixed assets | 22/27 | €127,710 | €121,458 | -€6,252 | -4.9% |
| Land and buildings | 22 | €126,278 | €119,039 | -€7,239 | -5.7% |
| Furniture and vehicles | 24 | €1,432 | €2,419 | +€987 | +68.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €281,811 | €264,486 | -€17,325 | -6.1% |
| Stocks and contracts in progress | 3 | €163,912 | €163,912 | = | 0.0% |
| Stocks | 30/36 | €163,912 | €163,912 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,779 | €100,030 | -€16,749 | -14.3% |
| Trade receivables | 40 | €5,999 | - | -€5,999 | |
| Other amounts receivable | 41 | €110,780 | €100,030 | -€10,750 | -9.7% |
| Cash at bank and in hand | 54/58 | €815 | €470 | -€345 | -42.3% |
| Deferred charges and accrued income | 490/1 | €306 | €74 | -€232 | -75.8% |
| Total equity and liabilities | 10/49 | €409,572 | €385,994 | -€23,578 | -5.8% |
| Equity | 10/15 | -€79,811 | -€97,052 | -€17,242 | -21.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €12,284 | €12,284 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €3,284 | €3,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,300 | -€115,541 | -€17,242 | -17.5% |
| Amounts payable | 17/49 | €489,382 | €483,047 | -€6,336 | -1.3% |
| Amounts payable within one year | 42/48 | €489,382 | €483,047 | -€6,336 | -1.3% |
| Financial debts | 43 | €107,500 | €108,203 | +€703 | +0.7% |
| Credit institutions | 430/8 | €107,500 | €108,203 | +€703 | +0.7% |
| Trade debts | 44 | €4,062 | €1,379 | -€2,683 | -66.1% |
| Suppliers | 440/4 | €4,062 | €1,379 | -€2,683 | -66.1% |
| Taxes, remuneration and social security | 45 | €755 | €1,406 | +€651 | +86.2% |
| Taxes | 450/3 | €755 | €1,406 | +€651 | +86.2% |
| Other amounts payable | 47/48 | €377,066 | €372,059 | -€5,006 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,305 | €7,881 | -€2,424 | -23.5% |
| Other operating charges | 640/8 | €3,219 | €2,711 | -€508 | -15.8% |
| Non-recurring operating charges | 66A | €6,841 | €271 | -€6,570 | -96.0% |
| Gross operating margin | 9900 | €12,391 | €591 | -€11,800 | -95.2% |
| Operating profit (loss) | 9901 | -€7,974 | -€10,272 | -€2,298 | -28.8% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €6,826 | €6,970 | +€144 | +2.1% |
| Recurring financial charges | 65 | €6,826 | €6,970 | +€144 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,770 | -€17,242 | -€2,472 | -16.7% |
| Income taxes | 67/77 | €187 | - | -€187 | |
| Profit (loss) for the period | 9904 | -€14,957 | -€17,242 | -€2,285 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,957 | -€17,242 | -€2,285 | -15.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.