VERIMMO: 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.
VERIMMO
Largest movements
- Tangible fixed assets -€146,634
down €146,634 (-5.0%), from €2.9m to €2.8m
of which Land and buildings: -€119,259
- Cash +€38,984
up €38,984 (+112.4%), from €34,687 to €73,671
mainly Other debts (+€929,462) and Depreciation (+€146,634)
- Other debts +€929,462
up €929,462 (+487.8%), from €190,538 to €1.1m
- Reserves -€851,016
down €851,016 (-44.1%), from €1.9m to €1.1m
of which Distributable reserves: -€819,286
- Debts after one year -€194,056
down €194,056 (-42.7%), from €454,102 to €260,046
of which Financial debts: -€194,056
- Gross operating margin +€27,117
up €27,117 (+10.7%), from €253,103 to €280,220
- Depreciation +€10,479
up €10,479 (+7.7%), from €136,155 to €146,634
- Taxes +€7,860
up €7,860 (+29.3%), from €26,795 to €34,656
- Financial charges -€3,652
down €3,652 (-12.8%), from €28,429 to €24,777
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 | €3,003,992 | €2,901,913 | -€102,080 | -3.4% |
| Fixed assets | 21/28 | €2,927,323 | €2,780,689 | -€146,634 | -5.0% |
| Tangible fixed assets | 22/27 | €2,927,323 | €2,780,689 | -€146,634 | -5.0% |
| Land and buildings | 22 | €2,809,510 | €2,690,251 | -€119,259 | -4.2% |
| Plant, machinery and equipment | 23 | €2,653 | €2,321 | -€332 | -12.5% |
| Furniture and vehicles | 24 | €115,160 | €88,117 | -€27,043 | -23.5% |
| Current assets | 29/58 | €76,669 | €121,223 | +€44,554 | +58.1% |
| Amounts receivable within one year | 40/41 | €17,926 | €26,552 | +€8,626 | +48.1% |
| Trade receivables | 40 | €3,121 | €12,487 | +€9,366 | +300.1% |
| Other amounts receivable | 41 | €14,805 | €14,065 | -€740 | -5.0% |
| Cash at bank and in hand | 54/58 | €34,687 | €73,671 | +€38,984 | +112.4% |
| Deferred charges and accrued income | 490/1 | €24,057 | €21,000 | -€3,057 | -12.7% |
| Total equity and liabilities | 10/49 | €3,003,992 | €2,901,913 | -€102,080 | -3.4% |
| Equity | 10/15 | €2,055,081 | €1,204,064 | -€851,016 | -41.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,931,134 | €1,080,118 | -€851,016 | -44.1% |
| Non-distributable reserves | 130/1 | €35,165 | €18,483 | -€16,682 | -47.4% |
| Legal reserve | 130 | €35,165 | €18,483 | -€16,682 | -47.4% |
| Tax-exempt reserves | 132 | €156,502 | €141,453 | -€15,049 | -9.6% |
| Distributable reserves | 133 | €1,739,467 | €920,181 | -€819,286 | -47.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €52,167 | €47,151 | -€5,016 | -9.6% |
| Deferred taxes | 168 | €52,167 | €47,151 | -€5,016 | -9.6% |
| Amounts payable | 17/49 | €896,745 | €1,650,698 | +€753,953 | +84.1% |
| Amounts payable after more than one year | 17 | €454,102 | €260,046 | -€194,056 | -42.7% |
| Financial debts | 170/4 | €450,572 | €256,516 | -€194,056 | -43.1% |
| Other amounts payable | 178/9 | €3,530 | €3,530 | = | 0.0% |
| Amounts payable within one year | 42/48 | €405,544 | €1,334,673 | +€929,129 | +229.1% |
| Current portion of amounts payable after more than one year | 42 | €192,147 | €194,056 | +€1,909 | +1.0% |
| Trade debts | 44 | €4,776 | €4,776 | +€0 | 0.0% |
| Suppliers | 440/4 | €4,776 | €4,776 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €18,083 | €15,841 | -€2,242 | -12.4% |
| Taxes | 450/3 | €18,083 | €15,841 | -€2,242 | -12.4% |
| Other amounts payable | 47/48 | €190,538 | €1,120,000 | +€929,462 | +487.8% |
| Accrued charges and deferred income | 492/3 | €37,099 | €55,979 | +€18,879 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,155 | €146,634 | +€10,479 | +7.7% |
| Other operating charges | 640/8 | €23,889 | €22,432 | -€1,458 | -6.1% |
| Gross operating margin | 9900 | €253,103 | €280,220 | +€27,117 | +10.7% |
| Operating profit (loss) | 9901 | €93,059 | €111,155 | +€18,096 | +19.4% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €28,429 | €24,777 | -€3,652 | -12.8% |
| Recurring financial charges | 65 | €28,429 | €24,777 | -€3,652 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €64,675 | €86,378 | +€21,702 | +33.6% |
| Transfer from deferred taxes | 780 | €4,651 | €5,014 | +€363 | +7.8% |
| Income taxes | 67/77 | €26,795 | €34,656 | +€7,860 | +29.3% |
| Profit (loss) for the period | 9904 | €42,531 | €56,736 | +€14,205 | +33.4% |
| Transfer from tax-exempt reserves | 789 | €13,954 | €15,051 | +€1,097 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,485 | €71,787 | +€15,303 | +27.1% |
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.