VERJON: 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.
VERJON
Largest movements
- Cash -€15,236
down €15,236 (-16.3%), from €93,431 to €78,195
mainly Debts after one year (-€60,882) and Investment in fixed assets (net) (-€27,863)
- Intangible fixed assets -€15,000
down €15,000 (-15.3%), from €98,096 to €83,096
- Receivables within one year -€10,084
down €10,084 (-82.0%), from €12,295 to €2,211
of which Other amounts receivable: -€5,606
- Debts after one year -€60,882
down €60,882 (-41.9%), from €145,441 to €84,559
of which Other amounts payable: -€55,000
- Other debts -€26,548
down €26,548 (-94.5%), from €28,099 to €1,551
- Reserves +€21,004
up €21,004 (+61.1%), from €34,361 to €55,364
- Trade debts +€10,501
up €10,501 (+64.3%), from €16,343 to €26,844
of which Suppliers: +€12,001
- Tax, wage and social debts +€8,674
up €8,674 (+28.9%), from €30,002 to €38,676
of which Taxes: +€5,647
- Gross operating margin +€68,270
up €68,270 (+69.9%), from €97,649 to €165,919
- Staff costs +€22,580
up €22,580 (+33.9%), from €66,642 to €89,221
- Taxes +€5,581
up €5,581 (+1303.8%), from €428 to €6,009
- Depreciation +€3,050
up €3,050 (+7.2%), from €42,356 to €45,405
- Financial charges -€2,251
down €2,251 (-39.5%), from €5,695 to €3,443
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 | €284,853 | €241,683 | -€43,170 | -15.2% |
| Fixed assets | 21/28 | €176,104 | €158,561 | -€17,543 | -10.0% |
| Intangible fixed assets | 21 | €98,096 | €83,096 | -€15,000 | -15.3% |
| Tangible fixed assets | 22/27 | €78,008 | €75,465 | -€2,543 | -3.3% |
| Plant, machinery and equipment | 23 | €4,970 | €4,210 | -€760 | -15.3% |
| Furniture and vehicles | 24 | €64,142 | €63,291 | -€851 | -1.3% |
| Other tangible fixed assets | 26 | €8,896 | €7,964 | -€932 | -10.5% |
| Current assets | 29/58 | €108,749 | €83,122 | -€25,627 | -23.6% |
| Amounts receivable within one year | 40/41 | €12,295 | €2,211 | -€10,084 | -82.0% |
| Trade receivables | 40 | €6,196 | €1,718 | -€4,478 | -72.3% |
| Other amounts receivable | 41 | €6,099 | €493 | -€5,606 | -91.9% |
| Cash at bank and in hand | 54/58 | €93,431 | €78,195 | -€15,236 | -16.3% |
| Deferred charges and accrued income | 490/1 | €3,023 | €2,715 | -€308 | -10.2% |
| Total equity and liabilities | 10/49 | €284,853 | €241,683 | -€43,170 | -15.2% |
| Equity | 10/15 | €35,361 | €56,364 | +€21,004 | +59.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €34,361 | €55,364 | +€21,004 | +61.1% |
| Distributable reserves | 133 | €34,361 | €55,364 | +€21,004 | +61.1% |
| Amounts payable | 17/49 | €249,492 | €185,318 | -€64,174 | -25.7% |
| Amounts payable after more than one year | 17 | €145,441 | €84,559 | -€60,882 | -41.9% |
| Financial debts | 170/4 | €45,441 | €39,559 | -€5,882 | -12.9% |
| Other amounts payable | 178/9 | €100,000 | €45,000 | -€55,000 | -55.0% |
| Amounts payable within one year | 42/48 | €101,715 | €100,374 | -€1,341 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,271 | €27,303 | +€6,032 | +28.4% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | - | €6,000 | +€6,000 | |
| Other loans | 439 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €16,343 | €26,844 | +€10,501 | +64.3% |
| Suppliers | 440/4 | €14,843 | €26,844 | +€12,001 | +80.8% |
| Bills of exchange payable | 441 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €30,002 | €38,676 | +€8,674 | +28.9% |
| Taxes | 450/3 | €15,550 | €21,197 | +€5,647 | +36.3% |
| Remuneration and social security | 454/9 | €14,452 | €17,479 | +€3,027 | +20.9% |
| Other amounts payable | 47/48 | €28,099 | €1,551 | -€26,548 | -94.5% |
| Accrued charges and deferred income | 492/3 | €2,336 | €386 | -€1,951 | -83.5% |
| Remuneration, social security and pensions | 62 | €66,642 | €89,221 | +€22,580 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,356 | €45,405 | +€3,050 | +7.2% |
| Other operating charges | 640/8 | €1,626 | €1,964 | +€338 | +20.8% |
| Gross operating margin | 9900 | €97,649 | €165,919 | +€68,270 | +69.9% |
| Operating profit (loss) | 9901 | -€12,974 | €29,328 | +€42,302 | |
| Financial income | 75/76B | €685 | €1,127 | +€443 | +64.6% |
| Recurring financial income | 75 | €685 | €1,127 | +€443 | +64.6% |
| Financial charges | 65/66B | €5,695 | €3,443 | -€2,251 | -39.5% |
| Recurring financial charges | 65 | €5,695 | €3,443 | -€2,251 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,984 | €27,012 | +€44,996 | |
| Income taxes | 67/77 | €428 | €6,009 | +€5,581 | +1303.8% |
| Profit (loss) for the period | 9904 | -€18,412 | €21,004 | +€39,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,412 | €21,004 | +€39,416 |
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 4 October 2026 via checked.be.