VERIMCO: 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.
VERIMCO
Largest movements
- Tangible fixed assets -€8,463
down €8,463 (-9.4%), from €89,635 to €81,172
- Cash -€6,750
down €6,750 (-17.5%), from €38,518 to €31,768
mainly Net result for the year (-€11,789) and Tax, wage and social debts (-€4,025)
- Profit (loss) carried forward -€9,991
down €9,991, from €0 to -€9,991
- Tax, wage and social debts -€4,025
down €4,025 (-100.0%), from €4,025 to €0
- Reserves -€1,798
down €1,798 (-2.0%), from €88,958 to €87,160
- Gross operating margin -€36,405
down €36,405 (-95.8%), from €37,986 to €1,580
- Write-downs -€13,292
down €13,292 (-100.0%), from €13,292 to €0
- Taxes -€4,025
down €4,025 (-100.0%), from €4,025 to €0
- Other operating charges +€601
up €601 (+14.7%), from €4,093 to €4,694
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 | €128,477 | €113,064 | -€15,413 | -12.0% |
| Fixed assets | 21/28 | €89,635 | €81,172 | -€8,463 | -9.4% |
| Tangible fixed assets | 22/27 | €89,635 | €81,172 | -€8,463 | -9.4% |
| Land and buildings | 22 | €89,635 | €81,172 | -€8,463 | -9.4% |
| Current assets | 29/58 | €38,842 | €31,892 | -€6,950 | -17.9% |
| Cash at bank and in hand | 54/58 | €38,518 | €31,768 | -€6,750 | -17.5% |
| Deferred charges and accrued income | 490/1 | €324 | €124 | -€200 | -61.7% |
| Total equity and liabilities | 10/49 | €128,477 | €113,064 | -€15,413 | -12.0% |
| Equity | 10/15 | €124,365 | €112,575 | -€11,789 | -9.5% |
| Contributions | 10/11 | €35,407 | €35,407 | = | 0.0% |
| Reserves | 13 | €88,958 | €87,160 | -€1,798 | -2.0% |
| Distributable reserves | 133 | €88,958 | €87,160 | -€1,798 | -2.0% |
| Profit (loss) carried forward | 14 | €0 | -€9,991 | -€9,991 | |
| Amounts payable | 17/49 | €4,113 | €489 | -€3,624 | -88.1% |
| Amounts payable within one year | 42/48 | €4,025 | €0 | -€4,025 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,025 | €0 | -€4,025 | -100.0% |
| Taxes | 450/3 | €4,025 | €0 | -€4,025 | -100.0% |
| Accrued charges and deferred income | 492/3 | €88 | €489 | +€401 | +457.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,508 | €8,463 | -€45 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,292 | €0 | -€13,292 | -100.0% |
| Other operating charges | 640/8 | €4,093 | €4,694 | +€601 | +14.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,986 | €1,580 | -€36,405 | -95.8% |
| Operating profit (loss) | 9901 | €12,092 | -€11,577 | -€23,669 | |
| Financial charges | 65/66B | €206 | €212 | +€7 | +3.2% |
| Recurring financial charges | 65 | €206 | €212 | +€7 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €11,886 | -€11,789 | -€23,675 | |
| Income taxes | 67/77 | €4,025 | €0 | -€4,025 | -100.0% |
| Profit (loss) for the period | 9904 | €7,861 | -€11,789 | -€19,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,861 | -€11,789 | -€19,650 |
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 2 October 2026 via checked.be.