VERKAMI: 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.
VERKAMI
Largest movements
- Tangible fixed assets +€943,053
up €943,053 (+11.5%), from €8.2m to €9.1m
of which Land and buildings: +€531,149
- Cash -€150,197
down €150,197 (-82.2%), from €182,766 to €32,569
mainly Investment in fixed assets (net) (-€1.4m) and Contributions, distributions and other (-€1.3m)
- Other debts +€2.2m
up €2.2m (+42.8%), from €5.3m to €7.5m
- Contributions -€817,052
down €817,052 (-60.2%), from €1.4m to €539,680
- Reserves -€601,052
down €601,052 (-64.1%), from €937,619 to €336,567
of which Distributable reserves: -€525,360
- Trade debts +€96,230
up €96,230 (+1260.3%), from €7,636 to €103,866
- Depreciation +€225,891
up €225,891 (+106.8%), from €211,531 to €437,422
- Gross operating margin -€81,401
down €81,401 (-14.3%), from €567,723 to €486,322
- Taxes -€53,812
down €53,812 (-99.1%), from €54,279 to €467
- Financial charges +€15,975
up €15,975 (+13.9%), from €115,284 to €131,259
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,453,025 | €9,244,690 | +€791,665 | +9.4% |
| Fixed assets | 21/28 | €8,200,815 | €9,143,868 | +€943,053 | +11.5% |
| Tangible fixed assets | 22/27 | €8,200,815 | €9,143,868 | +€943,053 | +11.5% |
| Land and buildings | 22 | €8,200,815 | €8,731,965 | +€531,149 | +6.5% |
| Assets under construction and advance payments | 27 | €0 | €411,904 | +€411,904 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €252,210 | €100,822 | -€151,388 | -60.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €62,828 | €61,524 | -€1,304 | -2.1% |
| Other amounts receivable | 41 | €62,828 | €61,524 | -€1,304 | -2.1% |
| Cash at bank and in hand | 54/58 | €182,766 | €32,569 | -€150,197 | -82.2% |
| Deferred charges and accrued income | 490/1 | €6,616 | €6,729 | +€113 | +1.7% |
| Total equity and liabilities | 10/49 | €8,453,025 | €9,244,690 | +€791,665 | +9.4% |
| Equity | 10/15 | €2,294,351 | €876,247 | -€1.4m | -61.8% |
| Contributions | 10/11 | €1,356,732 | €539,680 | -€817,052 | -60.2% |
| Capital | 10 | €1,356,732 | €539,680 | -€817,052 | -60.2% |
| Issued capital | 100 | €1,356,732 | €539,680 | -€817,052 | -60.2% |
| Reserves | 13 | €937,619 | €336,567 | -€601,052 | -64.1% |
| Non-distributable reserves | 130/1 | €261,361 | €185,669 | -€75,692 | -29.0% |
| Legal reserve | 130 | €261,361 | €185,669 | -€75,692 | -29.0% |
| Distributable reserves | 133 | €676,258 | €150,898 | -€525,360 | -77.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,158,674 | €8,368,443 | +€2.2m | +35.9% |
| Amounts payable after more than one year | 17 | €742,341 | €660,808 | -€81,533 | -11.0% |
| Financial debts | 170/4 | €736,111 | €652,778 | -€83,333 | -11.3% |
| Other amounts payable | 178/9 | €6,230 | €8,030 | +€1,800 | +28.9% |
| Amounts payable within one year | 42/48 | €5,396,436 | €7,688,022 | +€2.3m | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | = | 0.0% |
| Trade debts | 44 | €7,636 | €103,866 | +€96,230 | +1260.3% |
| Suppliers | 440/4 | €7,636 | €103,866 | +€96,230 | +1260.3% |
| Taxes, remuneration and social security | 45 | €54,279 | €0 | -€54,279 | -100.0% |
| Taxes | 450/3 | €54,279 | €0 | -€54,279 | -100.0% |
| Other amounts payable | 47/48 | €5,251,188 | €7,500,823 | +€2.2m | +42.8% |
| Accrued charges and deferred income | 492/3 | €19,897 | €19,613 | -€284 | -1.4% |
| Non-recurring operating income | 76A | €27,448 | €0 | -€27,448 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,531 | €437,422 | +€225,891 | +106.8% |
| Other operating charges | 640/8 | €44,473 | €40,904 | -€3,570 | -8.0% |
| Gross operating margin | 9900 | €567,723 | €486,322 | -€81,401 | -14.3% |
| Operating profit (loss) | 9901 | €311,719 | €7,997 | -€303,722 | -97.4% |
| Financial income | 75/76B | €4,088 | €5,626 | +€1,537 | +37.6% |
| Recurring financial income | 75 | €4,088 | €5,626 | +€1,537 | +37.6% |
| Financial charges | 65/66B | €115,284 | €131,259 | +€15,975 | +13.9% |
| Recurring financial charges | 65 | €115,284 | €131,259 | +€15,975 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €200,523 | -€117,637 | -€318,160 | |
| Income taxes | 67/77 | €54,279 | €467 | -€53,812 | -99.1% |
| Profit (loss) for the period | 9904 | €146,244 | -€118,104 | -€264,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €146,244 | -€118,104 | -€264,348 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.