VERJANS: 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.
VERJANS
Largest movements
- Receivables within one year -€44,544
down €44,544 (-89.9%), from €49,537 to €4,993
of which Trade receivables: -€26,730
- Cash +€30,819
up €30,819 (+26.1%), from €118,292 to €149,112
mainly Net result for the year (+€106,754) and Receivables within one year (+€44,544)
- Tangible fixed assets -€19,160
down €19,160 (-9.6%), from €198,662 to €179,502
of which Plant, machinery and equipment: -€19,160
- Other debts -€17,000
down €17,000 (-13.8%), from €123,000 to €106,000
- Debts after one year -€13,174
down €13,174 (-19.7%), from €66,818 to €53,644
- Trade debts -€4,136
down €4,136 (-56.5%), from €7,323 to €3,188
- Gross operating margin -€12,111
down €12,111 (-6.4%), from €188,305 to €176,194
- Write-downs +€10,068
new in 2025: €10,068
- Taxes -€4,815
down €4,815 (-11.7%), from €41,079 to €36,264
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 | €368,169 | €336,794 | -€31,375 | -8.5% |
| Fixed assets | 21/28 | €198,662 | €179,502 | -€19,160 | -9.6% |
| Tangible fixed assets | 22/27 | €198,662 | €179,502 | -€19,160 | -9.6% |
| Land and buildings | 22 | €71,649 | €71,649 | = | 0.0% |
| Plant, machinery and equipment | 23 | €127,013 | €107,853 | -€19,160 | -15.1% |
| Current assets | 29/58 | €169,507 | €157,292 | -€12,215 | -7.2% |
| Amounts receivable within one year | 40/41 | €49,537 | €4,993 | -€44,544 | -89.9% |
| Trade receivables | 40 | €31,723 | €4,993 | -€26,730 | -84.3% |
| Other amounts receivable | 41 | €17,814 | - | -€17,814 | |
| Cash at bank and in hand | 54/58 | €118,292 | €149,112 | +€30,819 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,677 | €3,188 | +€1,510 | +90.0% |
| Total equity and liabilities | 10/49 | €368,169 | €336,794 | -€31,375 | -8.5% |
| Equity | 10/15 | €152,348 | €153,102 | +€754 | +0.5% |
| Contributions | 10/11 | €131,068 | €131,068 | = | 0.0% |
| Capital | 10 | €131,068 | €131,068 | = | 0.0% |
| Issued capital | 100 | €131,068 | €131,068 | = | 0.0% |
| Reserves | 13 | €21,280 | €22,034 | +€754 | +3.5% |
| Non-distributable reserves | 130/1 | €21,023 | €21,023 | = | 0.0% |
| Legal reserve | 130 | €21,023 | €21,023 | = | 0.0% |
| Distributable reserves | 133 | €257 | €1,012 | +€754 | +293.0% |
| Amounts payable | 17/49 | €215,821 | €183,692 | -€32,129 | -14.9% |
| Amounts payable after more than one year | 17 | €66,818 | €53,644 | -€13,174 | -19.7% |
| Financial debts | 170/4 | €66,818 | €53,644 | -€13,174 | -19.7% |
| Amounts payable within one year | 42/48 | €149,003 | €129,959 | -€19,043 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €12,600 | €13,174 | +€574 | +4.6% |
| Trade debts | 44 | €7,323 | €3,188 | -€4,136 | -56.5% |
| Suppliers | 440/4 | €7,323 | €3,188 | -€4,136 | -56.5% |
| Taxes, remuneration and social security | 45 | €6,079 | €7,597 | +€1,519 | +25.0% |
| Taxes | 450/3 | €6,079 | €7,597 | +€1,519 | +25.0% |
| Other amounts payable | 47/48 | €123,000 | €106,000 | -€17,000 | -13.8% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,449 | €19,160 | -€289 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,068 | +€10,068 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €188,305 | €176,194 | -€12,111 | -6.4% |
| Operating profit (loss) | 9901 | €168,350 | €146,446 | -€21,904 | -13.0% |
| Financial charges | 65/66B | €4,035 | €3,428 | -€607 | -15.0% |
| Recurring financial charges | 65 | €4,035 | €3,428 | -€607 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €164,315 | €143,018 | -€21,297 | -13.0% |
| Income taxes | 67/77 | €41,079 | €36,264 | -€4,815 | -11.7% |
| Profit (loss) for the period | 9904 | €123,236 | €106,754 | -€16,482 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,236 | €106,754 | -€16,482 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.