VERIMMO: 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.
VERIMMO
Largest movements
- Tangible fixed assets -€62,464
down €62,464 (-6.1%), from €1.0m to €955,108
- Cash +€47,279
up €47,279 (+164.1%), from €28,816 to €76,095
mainly Trade debts (+€116,535) and Depreciation (+€67,910)
- Receivables within one year +€16,895
new in 2025: €16,895
- Trade debts +€116,535
up €116,535 (+1379.4%), from €8,448 to €124,983
- Other debts -€99,298
down €99,298 (-18.2%), from €546,457 to €447,159
- Debts after one year -€18,000
down €18,000 (-8.2%), from €220,000 to €202,000
- Gross operating margin -€104,545
down €104,545 (-29.1%), from €359,777 to €255,232
- Financial charges +€22,857
up €22,857 (+207.6%), from €11,010 to €33,866
- Staff costs -€17,256
down €17,256 (-11.2%), from €154,178 to €136,922
- Other operating charges -€10,877
down €10,877 (-44.7%), from €24,356 to €13,479
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 | €1,355,258 | €1,360,194 | +€4,935 | +0.4% |
| Fixed assets | 21/28 | €1,326,442 | €1,261,203 | -€65,239 | -4.9% |
| Tangible fixed assets | 22/27 | €1,017,572 | €955,108 | -€62,464 | -6.1% |
| Land and buildings | 22 | €1,017,572 | €955,108 | -€62,464 | -6.1% |
| Financial fixed assets | 28 | €308,870 | €306,095 | -€2,775 | -0.9% |
| Current assets | 29/58 | €28,816 | €98,990 | +€70,174 | +243.5% |
| Amounts receivable within one year | 40/41 | - | €16,895 | +€16,895 | |
| Other amounts receivable | 41 | - | €16,895 | +€16,895 | |
| Cash at bank and in hand | 54/58 | €28,816 | €76,095 | +€47,279 | +164.1% |
| Deferred charges and accrued income | 490/1 | - | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €1,355,258 | €1,360,194 | +€4,935 | +0.4% |
| Equity | 10/15 | €441,841 | €445,902 | +€4,060 | +0.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €379,868 | €383,928 | +€4,060 | +1.1% |
| Non-distributable reserves | 130/1 | €6,200 | - | -€6,200 | |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Tax-exempt reserves | 132 | €159,934 | €146,490 | -€13,444 | -8.4% |
| Distributable reserves | 133 | €213,734 | €237,438 | +€23,705 | +11.1% |
| Provisions and deferred taxes | 16 | €75,517 | €68,685 | -€6,831 | -9.0% |
| Provisions for liabilities and charges | 160/5 | €6,500 | €6,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,500 | €6,500 | = | 0.0% |
| Deferred taxes | 168 | €69,017 | €62,185 | -€6,831 | -9.9% |
| Amounts payable | 17/49 | €837,900 | €845,607 | +€7,706 | +0.9% |
| Amounts payable after more than one year | 17 | €220,000 | €202,000 | -€18,000 | -8.2% |
| Financial debts | 170/4 | €220,000 | €202,000 | -€18,000 | -8.2% |
| Amounts payable within one year | 42/48 | €612,580 | €640,199 | +€27,618 | +4.5% |
| Financial debts | 43 | €18,000 | €18,000 | = | 0.0% |
| Credit institutions | 430/8 | €18,000 | €18,000 | = | 0.0% |
| Trade debts | 44 | €8,448 | €124,983 | +€116,535 | +1379.4% |
| Suppliers | 440/4 | €8,448 | €124,983 | +€116,535 | +1379.4% |
| Taxes, remuneration and social security | 45 | €39,675 | €50,057 | +€10,382 | +26.2% |
| Taxes | 450/3 | €3,067 | €7,746 | +€4,679 | +152.5% |
| Remuneration and social security | 454/9 | €36,608 | €42,311 | +€5,703 | +15.6% |
| Other amounts payable | 47/48 | €546,457 | €447,159 | -€99,298 | -18.2% |
| Accrued charges and deferred income | 492/3 | €5,320 | €3,408 | -€1,912 | -35.9% |
| Remuneration, social security and pensions | 62 | €154,178 | €136,922 | -€17,256 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,208 | €67,910 | +€702 | +1.0% |
| Other operating charges | 640/8 | €24,356 | €13,479 | -€10,877 | -44.7% |
| Gross operating margin | 9900 | €359,777 | €255,232 | -€104,545 | -29.1% |
| Operating profit (loss) | 9901 | €114,035 | €36,921 | -€77,114 | -67.6% |
| Financial charges | 65/66B | €11,010 | €33,866 | +€22,857 | +207.6% |
| Recurring financial charges | 65 | €11,010 | €33,866 | +€22,857 | +207.6% |
| Profit (loss) for the period before taxes | 9903 | €103,025 | €3,054 | -€99,971 | -97.0% |
| Transfer from deferred taxes | 780 | €6,831 | €6,831 | = | 0.0% |
| Transfer to deferred taxes | 680 | €29,511 | - | -€29,511 | |
| Income taxes | 67/77 | €4,905 | €5,825 | +€920 | +18.7% |
| Profit (loss) for the period | 9904 | €75,440 | €4,060 | -€71,379 | -94.6% |
| Transfer from tax-exempt reserves | 789 | €13,444 | €13,444 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €88,534 | - | -€88,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €350 | €17,505 | +€17,155 | +4908.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.