VERHIL: what changed
Two fiscal 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.
VERHIL
Largest movements
- Cash -€504,625
down €504,625 (-96.2%), from €524,619 to €19,993
mainly Contributions, distributions and other (-€500,000) and Net result for the year (-€3,653)
- Reserves -€503,653
down €503,653 (-98.9%), from €509,450 to €5,796
- Gross operating margin -€1,975
down €1,975 (-219.2%), from -€901 to -€2,876
- Other operating charges +€151
up €151 (+29.0%), from €521 to €673
- Financial charges -€33
down €33 (-24.2%), from €138 to €104
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.
Cash bridge derived
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 | €535,421 | €30,796 | -€504,625 | -94.2% |
| Fixed assets | 21/28 | €10,803 | €10,803 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,803 | €10,803 | = | 0.0% |
| Land and buildings | 22 | €10,803 | €10,803 | = | 0.0% |
| Current assets | 29/58 | €524,619 | €19,993 | -€504,625 | -96.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €524,619 | €19,993 | -€504,625 | -96.2% |
| Total equity and liabilities | 10/49 | €535,421 | €30,796 | -€504,625 | -94.2% |
| Equity | 10/15 | €534,450 | €30,796 | -€503,653 | -94.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €509,450 | €5,796 | -€503,653 | -98.9% |
| Distributable reserves | 133 | €509,450 | €5,796 | -€503,653 | -98.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €972 | €0 | -€972 | -100.0% |
| Amounts payable within one year | 42/48 | €972 | €0 | -€972 | -100.0% |
| Taxes, remuneration and social security | 45 | €972 | €0 | -€972 | -100.0% |
| Taxes | 450/3 | €972 | €0 | -€972 | -100.0% |
| Other operating charges | 640/8 | €521 | €673 | +€151 | +29.0% |
| Gross operating margin | 9900 | -€901 | -€2,876 | -€1,975 | -219.2% |
| Operating profit (loss) | 9901 | -€1,423 | -€3,549 | -€2,126 | -149.5% |
| Financial charges | 65/66B | €138 | €104 | -€33 | -24.2% |
| Recurring financial charges | 65 | €138 | €104 | -€33 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,560 | -€3,653 | -€2,093 | -134.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,560 | -€3,653 | -€2,093 | -134.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,560 | -€3,653 | -€2,093 | -134.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.