VERFINVEST: 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.
VERFINVEST
Largest movements
- Tangible fixed assets -€37,561
down €37,561 (-6.1%), from €611,883 to €574,323
of which Land and buildings: -€27,952
- Cash +€15,122
up €15,122 (+34.5%), from €43,811 to €58,932
mainly Depreciation (+€39,024) and Net result for the year (+€30,841)
- Reserves -€14,918
down €14,918 (-3.7%), from €407,338 to €392,420
of which Distributable reserves: -€14,918
- Depreciation +€4,273
up €4,273 (+12.3%), from €34,752 to €39,024
- Gross operating margin -€3,804
down €3,804 (-4.2%), from €90,847 to €87,042
- Other operating charges -€3,040
down €3,040 (-56.0%), from €5,425 to €2,384
- Taxes -€1,485
down €1,485 (-9.2%), from €16,212 to €14,727
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 | €722,839 | €700,712 | -€22,127 | -3.1% |
| Fixed assets | 21/28 | €614,921 | €577,361 | -€37,561 | -6.1% |
| Tangible fixed assets | 22/27 | €611,883 | €574,323 | -€37,561 | -6.1% |
| Land and buildings | 22 | €563,431 | €535,479 | -€27,952 | -5.0% |
| Plant, machinery and equipment | 23 | €2,276 | €1,274 | -€1,002 | -44.0% |
| Furniture and vehicles | 24 | €41,779 | €32,299 | -€9,480 | -22.7% |
| Other tangible fixed assets | 26 | €4,397 | €5,270 | +€873 | +19.9% |
| Financial fixed assets | 28 | €3,038 | €3,038 | = | 0.0% |
| Current assets | 29/58 | €107,918 | €123,351 | +€15,433 | +14.3% |
| Amounts receivable within one year | 40/41 | €62,678 | €59,998 | -€2,680 | -4.3% |
| Trade receivables | 40 | €62,678 | €59,998 | -€2,680 | -4.3% |
| Cash at bank and in hand | 54/58 | €43,811 | €58,932 | +€15,122 | +34.5% |
| Deferred charges and accrued income | 490/1 | €1,429 | €4,421 | +€2,992 | +209% |
| Total equity and liabilities | 10/49 | €722,839 | €700,712 | -€22,127 | -3.1% |
| Equity | 10/15 | €656,725 | €641,807 | -€14,918 | -2.3% |
| Contributions | 10/11 | €66,210 | €66,210 | = | 0.0% |
| Reserves | 13 | €407,338 | €392,420 | -€14,918 | -3.7% |
| Non-distributable reserves | 130/1 | €23,892 | €23,892 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,892 | €23,892 | = | 0.0% |
| Distributable reserves | 133 | €383,446 | €368,528 | -€14,918 | -3.9% |
| Profit (loss) carried forward | 14 | €183,176 | €183,176 | = | 0.0% |
| Amounts payable | 17/49 | €66,114 | €58,906 | -€7,209 | -10.9% |
| Amounts payable within one year | 42/48 | €62,064 | €55,656 | -€6,409 | -10.3% |
| Trade debts | 44 | €160 | €1,054 | +€894 | +560% |
| Suppliers | 440/4 | €160 | €1,054 | +€894 | +560% |
| Taxes, remuneration and social security | 45 | €15,161 | €12,033 | -€3,128 | -20.6% |
| Taxes | 450/3 | €15,161 | €12,033 | -€3,128 | -20.6% |
| Other amounts payable | 47/48 | €46,743 | €42,569 | -€4,174 | -8.9% |
| Accrued charges and deferred income | 492/3 | €4,050 | €3,250 | -€800 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,752 | €39,024 | +€4,273 | +12.3% |
| Other operating charges | 640/8 | €5,425 | €2,384 | -€3,040 | -56.0% |
| Gross operating margin | 9900 | €90,847 | €87,042 | -€3,804 | -4.2% |
| Operating profit (loss) | 9901 | €50,671 | €45,634 | -€5,037 | -9.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €56 | €66 | +€11 | +19.1% |
| Recurring financial charges | 65 | €56 | €66 | +€11 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €50,619 | €45,568 | -€5,051 | -10.0% |
| Income taxes | 67/77 | €16,212 | €14,727 | -€1,485 | -9.2% |
| Profit (loss) for the period | 9904 | €34,407 | €30,841 | -€3,566 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,407 | €30,841 | -€3,566 | -10.4% |
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 25 October 2026 via checked.be.