VERINVEST: 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
VERINVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€239,848
2024 · -€167,828-€72,020
Equity
€610,663
2024 · €850,511-€239,848
Cash
€17,887
2024 · €29,301-€11,414
Balance sheet total
€4.3m
2024 · €4.8m-€519,013
Largest movements
Assets
- Tangible fixed assets -€542,248
down €542,248 (-11.5%), from €4.7m to €4.2m
of which Land and buildings: -€422,553
- Receivables within one year +€52,296
up €52,296 (+124%), from €42,304 to €94,600
of which Trade receivables: +€56,457
Equity and liabilities
- Debts after one year -€347,675
down €347,675 (-15.7%), from €2.2m to €1.9m
- Profit (loss) carried forward -€222,561
down €222,561 (-189%), from -€117,592 to -€340,153
- Other debts +€78,919
up €78,919 (+6.0%), from €1.3m to €1.4m
Income statement
- Gross operating margin -€76,131
down €76,131 (-14.4%), from €528,552 to €452,420
- Other operating charges +€26,044
up €26,044 (+47.0%), from €55,451 to €81,496
- Depreciation -€20,904
down €20,904 (-3.7%), from €566,713 to €545,808
- Financial charges -€9,249
down €9,249 (-11.1%), from €83,117 to €73,868
of which Financial charges: -€6,549
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
-€167,828
Gross operating margin
-€76,131
Depreciation
+€20,904
Other operating charges
-€26,044
Financial income
+€2
Financial charges
+€9,249
Result 2025
-€239,848
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
+€331,403
Investment
-€3,561
Financing
-€339,256
Cash 2024
€29,301
From operations (derived)
+€331,403
Net result for the year
-€239,848
Depreciation
+€545,808
Stocks and contracts
+€1,948
Receivables within one year
-€52,296
Deferred charges and accrued income
+€15,699
Provisions
-€8,902
Trade debts
-€9,295
Smaller working-capital items
-€632
Other debts
+€78,919
Investment (derived)
-€3,561
Investment in fixed assets (net)
-€3,561
Financing
-€339,256
Debts after one year
-€347,675
Current portion of long-term debt
+€8,419
Cash 2025
€17,887
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,825,071 | €4,306,058 | -€519,013 | -10.8% |
| Fixed assets | 21/28 | €4,728,659 | €4,186,412 | -€542,248 | -11.5% |
| Tangible fixed assets | 22/27 | €4,728,449 | €4,186,202 | -€542,248 | -11.5% |
| Land and buildings | 22 | €4,337,888 | €3,915,335 | -€422,553 | -9.7% |
| Plant, machinery and equipment | 23 | €385,738 | €264,901 | -€120,837 | -31.3% |
| Furniture and vehicles | 24 | €4,823 | €5,965 | +€1,142 | +23.7% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €96,412 | €119,646 | +€23,234 | +24.1% |
| Stocks and contracts in progress | 3 | €1,948 | €0 | -€1,948 | -100% |
| Stocks | 30/36 | €1,948 | €0 | -€1,948 | -100% |
| Amounts receivable within one year | 40/41 | €42,304 | €94,600 | +€52,296 | +124% |
| Trade receivables | 40 | €36,492 | €92,949 | +€56,457 | +155% |
| Other amounts receivable | 41 | €5,812 | €1,651 | -€4,161 | -71.6% |
| Cash at bank and in hand | 54/58 | €29,301 | €17,887 | -€11,414 | -39.0% |
| Deferred charges and accrued income | 490/1 | €22,859 | €7,160 | -€15,699 | -68.7% |
| Total equity and liabilities | 10/49 | €4,825,071 | €4,306,058 | -€519,013 | -10.8% |
| Equity | 10/15 | €850,511 | €610,663 | -€239,848 | -28.2% |
| Contributions | 10/11 | €803,969 | €803,969 | = | 0.0% |
| Reserves | 13 | €164,134 | €146,847 | -€17,287 | -10.5% |
| Non-distributable reserves | 130/1 | €106,428 | €106,428 | = | 0.0% |
| Reserves not available under the articles | 1311 | €106,428 | €106,428 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,706 | €40,419 | -€17,287 | -30.0% |
| Profit (loss) carried forward | 14 | -€117,592 | -€340,153 | -€222,561 | -189% |
| Provisions and deferred taxes | 16 | €24,584 | €15,682 | -€8,902 | -36.2% |
| Deferred taxes | 168 | €24,584 | €15,682 | -€8,902 | -36.2% |
| Amounts payable | 17/49 | €3,949,976 | €3,679,713 | -€270,264 | -6.8% |
| Amounts payable after more than one year | 17 | €2,210,525 | €1,862,850 | -€347,675 | -15.7% |
| Financial debts | 170/4 | €2,210,525 | €1,862,850 | -€347,675 | -15.7% |
| Amounts payable within one year | 42/48 | €1,703,918 | €1,781,162 | +€77,245 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €359,860 | €368,279 | +€8,419 | +2.3% |
| Trade debts | 44 | €24,763 | €15,468 | -€9,295 | -37.5% |
| Suppliers | 440/4 | €24,763 | €15,468 | -€9,295 | -37.5% |
| Taxes, remuneration and social security | 45 | €6,841 | €6,042 | -€799 | -11.7% |
| Taxes | 450/3 | €6,841 | €6,042 | -€799 | -11.7% |
| Other amounts payable | 47/48 | €1,312,455 | €1,391,374 | +€78,919 | +6.0% |
| Accrued charges and deferred income | 492/3 | €35,533 | €35,700 | +€167 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566,713 | €545,808 | -€20,904 | -3.7% |
| Other operating charges | 640/8 | €55,451 | €81,496 | +€26,044 | +47.0% |
| Gross operating margin | 9900 | €528,552 | €452,420 | -€76,131 | -14.4% |
| Operating profit (loss) | 9901 | -€93,613 | -€174,884 | -€81,271 | -86.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €83,117 | €73,868 | -€9,249 | -11.1% |
| Recurring financial charges | 65 | €80,417 | €73,868 | -€6,549 | -8.1% |
| Non-recurring financial charges | 66B | €2,700 | €0 | -€2,700 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€176,729 | -€248,750 | -€72,020 | -40.8% |
| Transfer from deferred taxes | 780 | €8,902 | €8,902 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€167,828 | -€239,848 | -€72,020 | -42.9% |
| Transfer from tax-exempt reserves | 789 | €17,287 | €17,287 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,541 | -€222,561 | -€72,020 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.