VERHAMED: 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.
VERHAMED
Largest movements
- Current investments -€185,432
down €185,432 (-94.5%), from €196,178 to €10,747
- Tangible fixed assets -€43,195
down €43,195 (-5.3%), from €811,252 to €768,057
- Receivables within one year -€28,538
down €28,538 (-33.6%), from €84,832 to €56,294
of which Other amounts receivable: -€21,038
- Cash +€21,533
up €21,533 (+321%), from €6,715 to €28,249
mainly Net result for the year (+€283,779) and Current investments (+€185,432)
- Reserves -€204,000
down €204,000 (-100%), from €204,000 to €0
- Debts after one year -€49,989
down €49,989 (-15.1%), from €330,983 to €280,994
- Turnover +€508,460
new in 2025: €508,460
- Gross operating margin +€111,428
up €111,428 (+31.9%), from €349,223 to €460,651
- Purchases and services +€47,810
new in 2025: €47,810
- Taxes +€33,013
up €33,013 (+53.8%), from €61,333 to €94,347
- Depreciation -€6,579
down €6,579 (-8.8%), from €74,881 to €68,302
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 | €1,101,292 | €864,760 | -€236,532 | -21.5% |
| Fixed assets | 21/28 | €811,252 | €768,057 | -€43,195 | -5.3% |
| Tangible fixed assets | 22/27 | €811,252 | €768,057 | -€43,195 | -5.3% |
| Land and buildings | 22 | €811,252 | €768,057 | -€43,195 | -5.3% |
| Current assets | 29/58 | €290,040 | €96,703 | -€193,337 | -66.7% |
| Amounts receivable within one year | 40/41 | €84,832 | €56,294 | -€28,538 | -33.6% |
| Trade receivables | 40 | €7,500 | €0 | -€7,500 | -100% |
| Other amounts receivable | 41 | €77,332 | €56,294 | -€21,038 | -27.2% |
| Current investments | 50/53 | €196,178 | €10,747 | -€185,432 | -94.5% |
| Cash at bank and in hand | 54/58 | €6,715 | €28,249 | +€21,533 | +321% |
| Deferred charges and accrued income | 490/1 | €2,314 | €1,414 | -€900 | -38.9% |
| Total equity and liabilities | 10/49 | €1,101,292 | €864,760 | -€236,532 | -21.5% |
| Equity | 10/15 | €207,980 | €1,000 | -€206,980 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €204,000 | €0 | -€204,000 | -100% |
| Distributable reserves | 133 | €204,000 | €0 | -€204,000 | -100% |
| Profit (loss) carried forward | 14 | €2,980 | €0 | -€2,980 | -100% |
| Amounts payable | 17/49 | €893,312 | €863,760 | -€29,552 | -3.3% |
| Amounts payable after more than one year | 17 | €330,983 | €280,994 | -€49,989 | -15.1% |
| Financial debts | 170/4 | €330,983 | €280,994 | -€49,989 | -15.1% |
| Amounts payable within one year | 42/48 | €562,329 | €582,766 | +€20,437 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €49,656 | €49,989 | +€333 | +0.7% |
| Trade debts | 44 | - | €4,082 | +€4,082 | |
| Suppliers | 440/4 | - | €4,082 | +€4,082 | |
| Taxes, remuneration and social security | 45 | €20,093 | €28,453 | +€8,361 | +41.6% |
| Taxes | 450/3 | €18,093 | €27,403 | +€9,311 | +51.5% |
| Remuneration and social security | 454/9 | €2,000 | €1,050 | -€950 | -47.5% |
| Other amounts payable | 47/48 | €492,581 | €500,241 | +€7,661 | +1.6% |
| Turnover | 70 | - | €508,460 | +€508,460 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €47,810 | +€47,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,881 | €68,302 | -€6,579 | -8.8% |
| Other operating charges | 640/8 | €2,793 | €2,877 | +€83 | +3.0% |
| Gross operating margin | 9900 | €349,223 | €460,651 | +€111,428 | +31.9% |
| Operating profit (loss) | 9901 | €271,548 | €389,472 | +€117,924 | +43.4% |
| Financial income | 75/76B | €2,422 | €561 | -€1,861 | -76.8% |
| Recurring financial income | 75 | €2,422 | €561 | -€1,861 | -76.8% |
| Financial charges | 65/66B | €8,636 | €11,906 | +€3,270 | +37.9% |
| Recurring financial charges | 65 | €8,636 | €11,906 | +€3,270 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €265,334 | €378,126 | +€112,793 | +42.5% |
| Income taxes | 67/77 | €61,333 | €94,347 | +€33,013 | +53.8% |
| Profit (loss) for the period | 9904 | €204,000 | €283,779 | +€79,779 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €204,000 | €283,779 | +€79,779 | +39.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.