VERIMTOP: 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.
VERIMTOP
Largest movements
- Receivables within one year +€223,853
up €223,853 (+405.3%), from €55,236 to €279,089
of which Trade receivables: +€235,203
- Tangible fixed assets -€16,786
down €16,786 (-4.1%), from €407,472 to €390,686
of which Land and buildings: -€15,489
- Other debts +€126,365
up €126,365 (+41.5%), from €304,840 to €431,205
- Debts after one year +€100,000
new in 2025: €100,000
- Current portion of long-term debt -€10,036
no longer reported in 2025 (was €10,036)
- Gross operating margin +€58,651
up €58,651 (+196.4%), from €29,863 to €88,514
- Staff costs +€8,373
up €8,373 (+17.0%), from €49,266 to €57,639
- Financial charges +€2,005
up €2,005 (+37.6%), from €5,337 to €7,341
- Depreciation -€1,801
down €1,801 (-9.7%), from €18,587 to €16,786
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 | €463,515 | €677,193 | +€213,677 | +46.1% |
| Fixed assets | 21/28 | €407,572 | €390,786 | -€16,786 | -4.1% |
| Tangible fixed assets | 22/27 | €407,472 | €390,686 | -€16,786 | -4.1% |
| Land and buildings | 22 | €406,093 | €390,604 | -€15,489 | -3.8% |
| Furniture and vehicles | 24 | €1,380 | €83 | -€1,297 | -94.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €55,943 | €286,406 | +€230,463 | +412.0% |
| Amounts receivable within one year | 40/41 | €55,236 | €279,089 | +€223,853 | +405.3% |
| Trade receivables | 40 | €43,122 | €278,325 | +€235,203 | +545.4% |
| Other amounts receivable | 41 | €12,114 | €764 | -€11,350 | -93.7% |
| Cash at bank and in hand | 54/58 | €707 | €7,318 | +€6,610 | +934.8% |
| Total equity and liabilities | 10/49 | €463,515 | €677,193 | +€213,677 | +46.1% |
| Equity | 10/15 | €132,221 | €132,206 | -€15 | 0.0% |
| Contributions | 10/11 | €105,700 | €105,700 | = | 0.0% |
| Capital | 10 | €105,700 | €105,700 | = | 0.0% |
| Issued capital | 100 | €105,700 | €105,700 | = | 0.0% |
| Reserves | 13 | €76,763 | €76,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,570 | €10,570 | = | 0.0% |
| Legal reserve | 130 | €10,570 | €10,570 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,750 | €7,750 | = | 0.0% |
| Distributable reserves | 133 | €58,443 | €58,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,242 | -€50,257 | -€15 | 0.0% |
| Amounts payable | 17/49 | €331,294 | €544,987 | +€213,693 | +64.5% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €331,294 | €444,987 | +€113,693 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €10,036 | - | -€10,036 | |
| Trade debts | 44 | €10,658 | €5,170 | -€5,488 | -51.5% |
| Suppliers | 440/4 | €10,658 | €5,170 | -€5,488 | -51.5% |
| Taxes, remuneration and social security | 45 | €5,760 | €8,612 | +€2,852 | +49.5% |
| Taxes | 450/3 | €1,286 | €4,953 | +€3,667 | +285.2% |
| Remuneration and social security | 454/9 | €4,474 | €3,659 | -€815 | -18.2% |
| Other amounts payable | 47/48 | €304,840 | €431,205 | +€126,365 | +41.5% |
| Remuneration, social security and pensions | 62 | €49,266 | €57,639 | +€8,373 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,587 | €16,786 | -€1,801 | -9.7% |
| Other operating charges | 640/8 | €7,063 | €6,816 | -€248 | -3.5% |
| Gross operating margin | 9900 | €29,863 | €88,514 | +€58,651 | +196.4% |
| Operating profit (loss) | 9901 | -€45,053 | €7,274 | +€52,326 | |
| Financial income | 75/76B | €147 | €52 | -€95 | -64.6% |
| Recurring financial income | 75 | €147 | €52 | -€95 | -64.6% |
| Financial charges | 65/66B | €5,337 | €7,341 | +€2,005 | +37.6% |
| Recurring financial charges | 65 | €5,337 | €7,341 | +€2,005 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,242 | -€15 | +€50,227 | +100.0% |
| Profit (loss) for the period | 9904 | -€50,242 | -€15 | +€50,227 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,242 | -€15 | +€50,227 | +100.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.