VerKey's: 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.
VerKey's
Largest movements
- Receivables within one year -€8,973
down €8,973 (-18.2%), from €49,374 to €40,401
- Cash -€1,324
down €1,324 (-63.5%), from €2,084 to €760
mainly Current portion of long-term debt (-€4,067) and Trade debts (-€3,491)
- Deferred charges and accrued income +€963
new in 2025: €963
- Current portion of long-term debt -€4,067
no longer reported in 2025 (was €4,067)
- Trade debts -€3,491
down €3,491 (-54.9%), from €6,361 to €2,870
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
- Reserves -€1,860
down €1,860 (-8.5%), from €22,010 to €20,150
of which Non-distributable reserves: -€1,860
- Profit (loss) carried forward -€1,776
down €1,776, from €420 to -€1,356
- Turnover -€3,916
no longer reported in 2025 (was €3,916)
- Other operating charges +€1,974
new in 2025: €1,974
- Gross operating margin -€1,660
down €1,660 (-60.8%), from €2,728 to €1,068
- Purchases and services -€1,189
no longer reported in 2025 (was €1,189)
- Taxes +€621
new in 2025: €621
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,458 | €42,124 | -€9,334 | -18.1% |
| Current assets | 29/58 | €51,458 | €42,124 | -€9,334 | -18.1% |
| Amounts receivable within one year | 40/41 | €49,374 | €40,401 | -€8,973 | -18.2% |
| Other amounts receivable | 41 | €49,374 | €40,401 | -€8,973 | -18.2% |
| Cash at bank and in hand | 54/58 | €2,084 | €760 | -€1,324 | -63.5% |
| Deferred charges and accrued income | 490/1 | - | €963 | +€963 | |
| Total equity and liabilities | 10/49 | €51,458 | €42,124 | -€9,334 | -18.1% |
| Equity | 10/15 | €41,030 | €39,254 | -€1,776 | -4.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €22,010 | €20,150 | -€1,860 | -8.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €650 | €650 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €420 | -€1,356 | -€1,776 | |
| Amounts payable | 17/49 | €10,428 | €2,870 | -€7,558 | -72.5% |
| Amounts payable within one year | 42/48 | €10,428 | €2,870 | -€7,558 | -72.5% |
| Current portion of amounts payable after more than one year | 42 | €4,067 | - | -€4,067 | |
| Trade debts | 44 | €6,361 | €2,870 | -€3,491 | -54.9% |
| Suppliers | 440/4 | €6,361 | €2,870 | -€3,491 | -54.9% |
| Turnover | 70 | €3,916 | - | -€3,916 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,189 | - | -€1,189 | |
| Other operating charges | 640/8 | - | €1,974 | +€1,974 | |
| Gross operating margin | 9900 | €2,728 | €1,068 | -€1,660 | -60.8% |
| Operating profit (loss) | 9901 | €2,728 | -€906 | -€3,634 | |
| Financial income | 75/76B | €12 | €3 | -€9 | -76.6% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -76.6% |
| Financial charges | 65/66B | €462 | €252 | -€211 | -45.6% |
| Recurring financial charges | 65 | €462 | €252 | -€211 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €2,278 | -€1,155 | -€3,433 | |
| Income taxes | 67/77 | - | €621 | +€621 | |
| Profit (loss) for the period | 9904 | €2,278 | -€1,776 | -€4,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,278 | -€1,776 | -€4,053 |
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 15 October 2026 via checked.be.