Verise: 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
Verise
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€97,544
2024 · €86,505+€11,039
Equity
€699,419
2024 · €601,875+€97,544
Cash
€27,453
2024 · €16,445+€11,008
Balance sheet total
€1.5m
2024 · €1.4m+€73,292
Largest movements
Assets
- Receivables within one year +€80,709
up €80,709 (+35.7%), from €226,191 to €306,900
of which Other amounts receivable: +€74,552
Equity and liabilities
- Reserves +€97,544
up €97,544 (+19.2%), from €508,275 to €605,819
- Debts after one year -€30,000
down €30,000 (-5.4%), from €560,000 to €530,000
Income statement
- Depreciation -€12,814
down €12,814 (-51.8%), from €24,725 to €11,912
- Taxes +€5,021
up €5,021 (+14.2%), from €35,343 to €40,364
- Financial charges -€3,874
down €3,874 (-9.8%), from €39,654 to €35,781
- Gross operating margin -€2,287
down €2,287 (-1.3%), from €182,514 to €180,227
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
€86,505
Gross operating margin
-€2,287
Depreciation
+€12,814
Other operating charges
-€55
Other operating items
+€59
Financial income
+€1,656
Financial charges
+€3,874
Taxes
-€5,021
Result 2025
€97,544
raises the resultlowers the resultnot broken down further in the accounts
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
+€48,331
Investment
€0
Financing
-€37,323
Cash 2024
€16,445
From operations (derived)
+€48,331
Net result for the year
+€97,544
Depreciation
+€11,912
Receivables within one year
-€80,709
Deferred charges and accrued income
+€6,513
Trade debts
+€2,808
Tax, wage and social debts
+€12,267
Other debts
-€599
Accrued charges and deferred income
-€1,404
Financing
-€37,323
Debts after one year
-€30,000
Current portion of long-term debt
-€910
Short-term financial debts
-€6,414
Cash 2025
€27,453
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,395,074 | €1,468,366 | +€73,292 | +5.3% |
| Fixed assets | 21/28 | €1,143,815 | €1,131,903 | -€11,912 | -1.0% |
| Tangible fixed assets | 22/27 | €397,843 | €385,931 | -€11,912 | -3.0% |
| Land and buildings | 22 | €397,205 | €385,931 | -€11,274 | -2.8% |
| Furniture and vehicles | 24 | €638 | €0 | -€638 | -100% |
| Financial fixed assets | 28 | €745,972 | €745,972 | = | 0.0% |
| Current assets | 29/58 | €251,259 | €336,463 | +€85,204 | +33.9% |
| Amounts receivable within one year | 40/41 | €226,191 | €306,900 | +€80,709 | +35.7% |
| Trade receivables | 40 | - | €6,158 | +€6,158 | |
| Other amounts receivable | 41 | €226,191 | €300,743 | +€74,552 | +33.0% |
| Cash at bank and in hand | 54/58 | €16,445 | €27,453 | +€11,008 | +66.9% |
| Deferred charges and accrued income | 490/1 | €8,623 | €2,109 | -€6,513 | -75.5% |
| Total equity and liabilities | 10/49 | €1,395,074 | €1,468,366 | +€73,292 | +5.3% |
| Equity | 10/15 | €601,875 | €699,419 | +€97,544 | +16.2% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €508,275 | €605,819 | +€97,544 | +19.2% |
| Distributable reserves | 133 | €508,275 | €605,819 | +€97,544 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €793,199 | €768,947 | -€24,252 | -3.1% |
| Amounts payable after more than one year | 17 | €560,000 | €530,000 | -€30,000 | -5.4% |
| Financial debts | 170/4 | €560,000 | €530,000 | -€30,000 | -5.4% |
| Amounts payable within one year | 42/48 | €215,079 | €222,231 | +€7,152 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €30,910 | €30,000 | -€910 | -2.9% |
| Financial debts | 43 | €6,414 | €0 | -€6,414 | -100% |
| Credit institutions | 430/8 | €6,414 | €0 | -€6,414 | -100% |
| Trade debts | 44 | €2,104 | €4,912 | +€2,808 | +133% |
| Suppliers | 440/4 | €2,104 | €4,912 | +€2,808 | +133% |
| Taxes, remuneration and social security | 45 | €25,199 | €37,466 | +€12,267 | +48.7% |
| Taxes | 450/3 | €25,199 | €37,466 | +€12,267 | +48.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €150,453 | €149,853 | -€599 | -0.4% |
| Accrued charges and deferred income | 492/3 | €18,120 | €16,716 | -€1,404 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,725 | €11,912 | -€12,814 | -51.8% |
| Other operating charges | 640/8 | €2,636 | €2,692 | +€55 | +2.1% |
| Non-recurring operating charges | 66A | €59 | €0 | -€59 | -100% |
| Gross operating margin | 9900 | €182,514 | €180,227 | -€2,287 | -1.3% |
| Operating profit (loss) | 9901 | €155,093 | €165,624 | +€10,531 | +6.8% |
| Financial income | 75/76B | €6,409 | €8,065 | +€1,656 | +25.8% |
| Recurring financial income | 75 | €6,409 | €8,065 | +€1,656 | +25.8% |
| Financial charges | 65/66B | €39,654 | €35,781 | -€3,874 | -9.8% |
| Recurring financial charges | 65 | €39,654 | €35,781 | -€3,874 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €121,848 | €137,909 | +€16,060 | +13.2% |
| Income taxes | 67/77 | €35,343 | €40,364 | +€5,021 | +14.2% |
| Profit (loss) for the period | 9904 | €86,505 | €97,544 | +€11,039 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,505 | €97,544 | +€11,039 | +12.8% |
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.