VERFIFOODS: 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.
VERFIFOODS
Largest movements
- Tangible fixed assets +€327,233
up €327,233 (+125%), from €261,077 to €588,310
of which Land and buildings: +€333,274
- Cash -€98,708
down €98,708 (-42.0%), from €235,196 to €136,488
mainly Investment in fixed assets (net) (-€387,985) and Trade debts (-€80,238)
- Debts after one year +€184,179
new in 2025: €184,179
- Reserves +€108,118
up €108,118 (+23.0%), from €470,476 to €578,594
of which Distributable reserves: +€108,118
- Trade debts -€80,238
down €80,238 (-69.9%), from €114,807 to €34,569
- Current portion of long-term debt +€19,010
new in 2025: €19,010
- Depreciation +€33,946
up €33,946 (+127%), from €26,806 to €60,752
- Taxes -€20,912
down €20,912 (-30.4%), from €68,711 to €47,799
- Staff costs +€18,672
up €18,672 (+22.9%), from €81,424 to €100,096
- Gross operating margin +€17,686
up €17,686 (+5.4%), from €330,280 to €347,966
- Write-downs -€7,742
down €7,742 (-97.2%), from €7,967 to €225
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 | €776,268 | €1,002,913 | +€226,645 | +29.2% |
| Fixed assets | 21/28 | €261,077 | €588,310 | +€327,233 | +125% |
| Tangible fixed assets | 22/27 | €261,077 | €588,310 | +€327,233 | +125% |
| Land and buildings | 22 | - | €333,274 | +€333,274 | |
| Plant, machinery and equipment | 23 | €189,676 | €196,352 | +€6,676 | +3.5% |
| Furniture and vehicles | 24 | €71,401 | €58,684 | -€12,717 | -17.8% |
| Current assets | 29/58 | €515,191 | €414,603 | -€100,588 | -19.5% |
| Stocks and contracts in progress | 3 | €155,189 | €152,947 | -€2,242 | -1.4% |
| Stocks | 30/36 | €155,189 | €152,947 | -€2,242 | -1.4% |
| Amounts receivable within one year | 40/41 | €121,104 | €121,319 | +€215 | +0.2% |
| Trade receivables | 40 | €102,503 | €120,270 | +€17,767 | +17.3% |
| Other amounts receivable | 41 | €18,601 | €1,049 | -€17,552 | -94.4% |
| Cash at bank and in hand | 54/58 | €235,196 | €136,488 | -€98,708 | -42.0% |
| Deferred charges and accrued income | 490/1 | €3,702 | €3,849 | +€147 | +4.0% |
| Total equity and liabilities | 10/49 | €776,268 | €1,002,913 | +€226,645 | +29.2% |
| Equity | 10/15 | €597,753 | €705,871 | +€108,118 | +18.1% |
| Contributions | 10/11 | €33,790 | €33,790 | = | 0.0% |
| Reserves | 13 | €470,476 | €578,594 | +€108,118 | +23.0% |
| Non-distributable reserves | 130/1 | €12,194 | €12,194 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,194 | €12,194 | = | 0.0% |
| Distributable reserves | 133 | €458,282 | €566,400 | +€108,118 | +23.6% |
| Profit (loss) carried forward | 14 | €93,487 | €93,487 | = | 0.0% |
| Amounts payable | 17/49 | €178,515 | €297,042 | +€118,527 | +66.4% |
| Amounts payable after more than one year | 17 | - | €184,179 | +€184,179 | |
| Financial debts | 170/4 | - | €184,179 | +€184,179 | |
| Amounts payable within one year | 42/48 | €178,515 | €112,863 | -€65,652 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,010 | +€19,010 | |
| Trade debts | 44 | €114,807 | €34,569 | -€80,238 | -69.9% |
| Suppliers | 440/4 | €114,807 | €34,569 | -€80,238 | -69.9% |
| Taxes, remuneration and social security | 45 | €34,706 | €31,446 | -€3,260 | -9.4% |
| Taxes | 450/3 | €34,706 | €22,107 | -€12,599 | -36.3% |
| Remuneration and social security | 454/9 | - | €9,339 | +€9,339 | |
| Other amounts payable | 47/48 | €29,002 | €27,838 | -€1,164 | -4.0% |
| Remuneration, social security and pensions | 62 | €81,424 | €100,096 | +€18,672 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,806 | €60,752 | +€33,946 | +127% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,967 | €225 | -€7,742 | -97.2% |
| Other operating charges | 640/8 | €2,205 | €3,061 | +€856 | +38.8% |
| Gross operating margin | 9900 | €330,280 | €347,966 | +€17,686 | +5.4% |
| Operating profit (loss) | 9901 | €211,878 | €183,832 | -€28,046 | -13.2% |
| Financial income | 75/76B | €133 | €612 | +€479 | +360% |
| Recurring financial income | 75 | €133 | €612 | +€479 | +360% |
| Financial charges | 65/66B | €369 | €5,173 | +€4,804 | +1,302% |
| Recurring financial charges | 65 | €369 | €5,173 | +€4,804 | +1,302% |
| Profit (loss) for the period before taxes | 9903 | €211,642 | €179,271 | -€32,371 | -15.3% |
| Income taxes | 67/77 | €68,711 | €47,799 | -€20,912 | -30.4% |
| Profit (loss) for the period | 9904 | €142,931 | €131,472 | -€11,459 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,931 | €131,472 | -€11,459 | -8.0% |
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 18 October 2026 via checked.be.