VERIFOOD: 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.
VERIFOOD
Largest movements
- Tangible fixed assets -€55,927
down €55,927 (-32.9%), from €170,225 to €114,297
of which Other tangible fixed assets: -€34,386
- Cash -€12,109
down €12,109 (-29.8%), from €40,674 to €28,565
mainly Debts after one year (-€48,637) and Other debts (-€28,234)
- Debts after one year -€48,637
down €48,637 (-10.2%), from €477,366 to €428,729
- Other debts -€28,234
down €28,234 (-40.9%), from €69,026 to €40,792
- Tax, wage and social debts +€4,248
up €4,248 (+16.1%), from €26,382 to €30,631
of which Taxes: +€4,658
- Profit (loss) carried forward +€3,848
up €3,848 (+0.9%), from -€407,308 to -€403,460
- Gross operating margin -€48,697
down €48,697 (-16.1%), from €302,019 to €253,321
- Staff costs -€40,030
down €40,030 (-17.8%), from €225,158 to €185,128
- Depreciation -€13,324
down €13,324 (-19.2%), from €69,251 to €55,927
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 | €246,401 | €178,595 | -€67,806 | -27.5% |
| Fixed assets | 21/28 | €170,225 | €114,297 | -€55,927 | -32.9% |
| Tangible fixed assets | 22/27 | €170,225 | €114,297 | -€55,927 | -32.9% |
| Plant, machinery and equipment | 23 | €62,728 | €42,117 | -€20,611 | -32.9% |
| Furniture and vehicles | 24 | €1,052 | €122 | -€930 | -88.4% |
| Other tangible fixed assets | 26 | €106,444 | €72,057 | -€34,386 | -32.3% |
| Current assets | 29/58 | €76,176 | €64,298 | -€11,878 | -15.6% |
| Stocks and contracts in progress | 3 | €33,524 | €32,297 | -€1,228 | -3.7% |
| Stocks | 30/36 | €33,524 | €32,297 | -€1,228 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,978 | €2,539 | +€561 | +28.4% |
| Trade receivables | 40 | €1,918 | €2,479 | +€561 | +29.3% |
| Other amounts receivable | 41 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,674 | €28,565 | -€12,109 | -29.8% |
| Deferred charges and accrued income | 490/1 | €0 | €897 | +€897 | |
| Total equity and liabilities | 10/49 | €246,401 | €178,595 | -€67,806 | -27.5% |
| Equity | 10/15 | -€401,008 | -€397,160 | +€3,848 | +1.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€407,308 | -€403,460 | +€3,848 | +0.9% |
| Amounts payable | 17/49 | €647,409 | €575,755 | -€71,654 | -11.1% |
| Amounts payable after more than one year | 17 | €477,366 | €428,729 | -€48,637 | -10.2% |
| Financial debts | 170/4 | €477,366 | €428,729 | -€48,637 | -10.2% |
| Amounts payable within one year | 42/48 | €165,759 | €142,744 | -€23,015 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €47,879 | €48,637 | +€758 | +1.6% |
| Trade debts | 44 | €22,472 | €21,085 | -€1,387 | -6.2% |
| Suppliers | 440/4 | €22,472 | €21,085 | -€1,387 | -6.2% |
| Advances received on contracts in progress | 46 | - | €1,600 | +€1,600 | |
| Taxes, remuneration and social security | 45 | €26,382 | €30,631 | +€4,248 | +16.1% |
| Taxes | 450/3 | €4,282 | €8,940 | +€4,658 | +108.8% |
| Remuneration and social security | 454/9 | €22,101 | €21,691 | -€410 | -1.9% |
| Other amounts payable | 47/48 | €69,026 | €40,792 | -€28,234 | -40.9% |
| Accrued charges and deferred income | 492/3 | €4,283 | €4,281 | -€2 | 0.0% |
| Non-recurring operating income | 76A | €5,620 | €4,718 | -€902 | -16.0% |
| Remuneration, social security and pensions | 62 | €225,158 | €185,128 | -€40,030 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,251 | €55,927 | -€13,324 | -19.2% |
| Other operating charges | 640/8 | €2,138 | €1,842 | -€296 | -13.8% |
| Non-recurring operating charges | 66A | €6,782 | €0 | -€6,782 | -100.0% |
| Gross operating margin | 9900 | €302,019 | €253,321 | -€48,697 | -16.1% |
| Operating profit (loss) | 9901 | -€1,311 | €10,424 | +€11,735 | |
| Financial income | 75/76B | €91 | €181 | +€91 | +99.9% |
| Recurring financial income | 75 | €91 | €181 | +€91 | +99.9% |
| Financial charges | 65/66B | €8,584 | €6,757 | -€1,827 | -21.3% |
| Recurring financial charges | 65 | €8,584 | €6,757 | -€1,827 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,804 | €3,848 | +€13,652 | |
| Profit (loss) for the period | 9904 | -€9,804 | €3,848 | +€13,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,804 | €3,848 | +€13,652 |
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 7 October 2026 via checked.be.