VERINVEST: what changed
VERINVEST
Largest movements
- Stocks and contracts +€610,750
up €610,750 (+79.3%), from €770,341 to €1.4m
- Cash -€210,644
down €210,644 (-97.9%), from €215,190 to €4,546
mainly Stocks and contracts (-€610,750) and Net result for the year (-€18,514)
- Trade debts +€227,261
up €227,261 (+602%), from €37,764 to €265,025
- Other debts +€102,500
up €102,500 (+11,724%), from €874 to €103,374
- Tax, wage and social debts +€38,919
up €38,919 (+30.3%), from €128,524 to €167,443
- Current portion of long-term debt +€38,529
up €38,529 (+10.7%), from €361,471 to €400,000
- Profit (loss) carried forward -€18,514
down €18,514 (-4.4%), from €416,470 to €397,955
- Taxes -€128,451
no longer reported in 2025 (was €128,451)
- Financial charges +€5,622
up €5,622 (+74.4%), from €7,556 to €13,178
- Gross operating margin +€2,472
up €2,472 (+49.4%), from -€5,008 to -€2,537
- Financial income -€1,746
no longer reported in 2025 (was €1,746)
- Other operating charges -€419
down €419 (-13.0%), from €3,218 to €2,799
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €997,368 | €1,386,437 | +€389,068 | +39.0% |
| Fixed assets | 21/28 | €621 | - | -€621 | |
| Financial fixed assets | 28 | €621 | - | -€621 | |
| Current assets | 29/58 | €996,747 | €1,386,437 | +€389,689 | +39.1% |
| Stocks and contracts in progress | 3 | €770,341 | €1,381,092 | +€610,750 | +79.3% |
| Stocks | 30/36 | €770,341 | €1,381,092 | +€610,750 | +79.3% |
| Amounts receivable within one year | 40/41 | €10,520 | - | -€10,520 | |
| Other amounts receivable | 41 | €10,520 | - | -€10,520 | |
| Cash at bank and in hand | 54/58 | €215,190 | €4,546 | -€210,644 | -97.9% |
| Deferred charges and accrued income | 490/1 | €697 | €799 | +€102 | +14.7% |
| Total equity and liabilities | 10/49 | €997,368 | €1,386,437 | +€389,068 | +39.0% |
| Equity | 10/15 | €464,953 | €446,439 | -€18,514 | -4.0% |
| Contributions | 10/11 | €40,253 | €40,253 | = | 0.0% |
| Capital | 10 | €40,253 | €40,253 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Uncalled capital | 101 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €8,231 | €8,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,231 | €8,231 | = | 0.0% |
| Legal reserve | 130 | €8,231 | €8,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,470 | €397,955 | -€18,514 | -4.4% |
| Amounts payable | 17/49 | €532,415 | €939,998 | +€407,583 | +76.6% |
| Amounts payable within one year | 42/48 | €528,633 | €935,842 | +€407,209 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €361,471 | €400,000 | +€38,529 | +10.7% |
| Trade debts | 44 | €37,764 | €265,025 | +€227,261 | +602% |
| Suppliers | 440/4 | €37,764 | €265,025 | +€227,261 | +602% |
| Taxes, remuneration and social security | 45 | €128,524 | €167,443 | +€38,919 | +30.3% |
| Taxes | 450/3 | €128,524 | €167,443 | +€38,919 | +30.3% |
| Other amounts payable | 47/48 | €874 | €103,374 | +€102,500 | +11,724% |
| Accrued charges and deferred income | 492/3 | €3,782 | €4,156 | +€374 | +9.9% |
| Other operating charges | 640/8 | €3,218 | €2,799 | -€419 | -13.0% |
| Gross operating margin | 9900 | -€5,008 | -€2,537 | +€2,472 | +49.4% |
| Operating profit (loss) | 9901 | -€8,227 | -€5,336 | +€2,891 | +35.1% |
| Financial income | 75/76B | €1,746 | - | -€1,746 | |
| Recurring financial income | 75 | €1,746 | - | -€1,746 | |
| Financial charges | 65/66B | €7,556 | €13,178 | +€5,622 | +74.4% |
| Recurring financial charges | 65 | €7,556 | €13,178 | +€5,622 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,037 | -€18,514 | -€4,477 | -31.9% |
| Transfer from deferred taxes | 780 | €121,397 | - | -€121,397 | |
| Income taxes | 67/77 | €128,451 | - | -€128,451 | |
| Profit (loss) for the period | 9904 | -€21,090 | -€18,514 | +€2,576 | +12.2% |
| Transfer from tax-exempt reserves | 789 | €364,191 | - | -€364,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €343,100 | -€18,514 | -€361,615 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.