VERIMO: 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.
What changed
VERIMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€140,437
2024 · €92,563+€47,874
Equity
€5.1m
2024 · €5.0m+€140,437
Cash
€61,649
2024 · €97,806-€36,157
Balance sheet total
€10.7m
2024 · €10.6m+€84,671
Largest movements
Assets
- Current investments +€110,334
up €110,334 (+16.8%), from €655,699 to €766,033
Equity and liabilities
- Reserves +€140,437
up €140,437 (+3.6%), from €3.9m to €4.0m
Income statement
- Financial income +€40,736
up €40,736 (+81.5%), from €50,013 to €90,750
- Gross operating margin +€34,078
up €34,078 (+17.0%), from €200,850 to €234,928
- Taxes +€13,269
up €13,269 (+47.5%), from €27,944 to €41,213
- Financial charges +€12,580
up €12,580 (+95.3%), from €13,194 to €25,774
- Depreciation +€11,687
up €11,687 (+13.3%), from €87,711 to €99,398
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.
Result 2024
€92,563
Gross operating margin
+€34,078
Depreciation
-€11,687
Other operating charges
+€10,596
Financial income
+€40,736
Financial charges
-€12,580
Taxes
-€13,269
Result 2025
€140,437
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€170,651
Investment
-€199,559
Financing
-€7,249
Cash 2024
€97,806
From operations (derived)
+€170,651
Net result for the year
+€140,437
Depreciation
+€99,398
Receivables within one year
-€18,106
Deferred charges and accrued income
-€2,560
Trade debts
+€134
Tax, wage and social debts
+€431
Other debts
-€40,010
Accrued charges and deferred income
-€9,072
Investment (derived)
-€199,559
Investment in fixed assets (net)
-€89,226
Current investments
-€110,334
Financing
-€7,249
Current portion of long-term debt
-€7,249
Cash 2025
€61,649
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,604,689 | €10,689,360 | +€84,671 | +0.8% |
| Fixed assets | 21/28 | €3,036,412 | €3,026,240 | -€10,172 | -0.3% |
| Tangible fixed assets | 22/27 | €2,979,728 | €2,969,556 | -€10,172 | -0.3% |
| Land and buildings | 22 | €2,963,284 | €2,881,418 | -€81,866 | -2.8% |
| Plant, machinery and equipment | 23 | €2,787 | €427 | -€2,359 | -84.7% |
| Furniture and vehicles | 24 | €3,870 | €79,424 | +€75,554 | +1,952% |
| Other tangible fixed assets | 26 | €9,788 | €8,287 | -€1,501 | -15.3% |
| Financial fixed assets | 28 | €56,684 | €56,684 | = | 0.0% |
| Current assets | 29/58 | €7,568,277 | €7,663,120 | +€94,843 | +1.3% |
| Amounts receivable within one year | 40/41 | €6,810,566 | €6,828,672 | +€18,106 | +0.3% |
| Trade receivables | 40 | €3,447 | €3,696 | +€250 | +7.2% |
| Other amounts receivable | 41 | €6,807,120 | €6,824,976 | +€17,856 | +0.3% |
| Current investments | 50/53 | €655,699 | €766,033 | +€110,334 | +16.8% |
| Cash at bank and in hand | 54/58 | €97,806 | €61,649 | -€36,157 | -37.0% |
| Deferred charges and accrued income | 490/1 | €4,205 | €6,765 | +€2,560 | +60.9% |
| Total equity and liabilities | 10/49 | €10,604,689 | €10,689,360 | +€84,671 | +0.8% |
| Equity | 10/15 | €4,978,518 | €5,118,954 | +€140,437 | +2.8% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Revaluation surpluses | 12 | €96,250 | €96,250 | = | 0.0% |
| Reserves | 13 | €3,862,268 | €4,002,704 | +€140,437 | +3.6% |
| Distributable reserves | 133 | €3,862,268 | €4,002,704 | +€140,437 | +3.6% |
| Amounts payable | 17/49 | €5,626,171 | €5,570,405 | -€55,766 | -1.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,513,172 | €5,466,478 | -€46,694 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €7,249 | €0 | -€7,249 | -100% |
| Trade debts | 44 | €4,105 | €4,238 | +€134 | +3.3% |
| Suppliers | 440/4 | €4,105 | €4,238 | +€134 | +3.3% |
| Taxes, remuneration and social security | 45 | €2,657 | €3,089 | +€431 | +16.2% |
| Taxes | 450/3 | €2,657 | €3,089 | +€431 | +16.2% |
| Other amounts payable | 47/48 | €5,499,161 | €5,459,152 | -€40,010 | -0.7% |
| Accrued charges and deferred income | 492/3 | €113,000 | €103,927 | -€9,072 | -8.0% |
| Non-recurring operating income | 76A | - | €38,957 | +€38,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,711 | €99,398 | +€11,687 | +13.3% |
| Other operating charges | 640/8 | €29,451 | €18,855 | -€10,596 | -36.0% |
| Gross operating margin | 9900 | €200,850 | €234,928 | +€34,078 | +17.0% |
| Operating profit (loss) | 9901 | €83,688 | €116,674 | +€32,987 | +39.4% |
| Financial income | 75/76B | €50,013 | €90,750 | +€40,736 | +81.5% |
| Recurring financial income | 75 | €50,013 | €90,750 | +€40,736 | +81.5% |
| Financial charges | 65/66B | €13,194 | €25,774 | +€12,580 | +95.3% |
| Recurring financial charges | 65 | €13,194 | €25,774 | +€12,580 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €120,507 | €181,650 | +€61,143 | +50.7% |
| Income taxes | 67/77 | €27,944 | €41,213 | +€13,269 | +47.5% |
| Profit (loss) for the period | 9904 | €92,563 | €140,437 | +€47,874 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,563 | €140,437 | +€47,874 | +51.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.