VERKINVEST: 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.
VERKINVEST
Largest movements
- Cash -€16,912
down €16,912 (-61.0%), from €27,704 to €10,792
mainly Contributions, distributions and other (-€29,000) and Debts after one year (-€20,351)
- Tangible fixed assets -€16,434
down €16,434 (-8.3%), from €197,948 to €181,514
- Reserves -€33,768
down €33,768 (-31.0%), from €108,776 to €75,008
of which Distributable reserves: -€29,000
- Profit (loss) carried forward +€25,140
up €25,140 (+7.9%), from €319,806 to €344,946
- Debts after one year -€20,351
down €20,351 (-7.1%), from €288,396 to €268,045
- Gross operating margin -€16,475
down €16,475 (-35.3%), from €46,625 to €30,150
- Financial charges -€651
down €651 (-5.9%), from €10,938 to €10,287
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 | €815,725 | €785,020 | -€30,706 | -3.8% |
| Fixed assets | 21/28 | €197,948 | €181,514 | -€16,434 | -8.3% |
| Tangible fixed assets | 22/27 | €197,948 | €181,514 | -€16,434 | -8.3% |
| Land and buildings | 22 | €197,948 | €181,514 | -€16,434 | -8.3% |
| Current assets | 29/58 | €617,778 | €603,506 | -€14,271 | -2.3% |
| Amounts receivable within one year | 40/41 | €572,872 | €575,227 | +€2,355 | +0.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €572,872 | €575,227 | +€2,355 | +0.4% |
| Cash at bank and in hand | 54/58 | €27,704 | €10,792 | -€16,912 | -61.0% |
| Deferred charges and accrued income | 490/1 | €17,202 | €17,487 | +€286 | +1.7% |
| Total equity and liabilities | 10/49 | €815,725 | €785,020 | -€30,706 | -3.8% |
| Equity | 10/15 | €464,581 | €455,953 | -€8,628 | -1.9% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €108,776 | €75,008 | -€33,768 | -31.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,600 | €3,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,213 | €52,446 | -€4,768 | -8.3% |
| Distributable reserves | 133 | €47,962 | €18,962 | -€29,000 | -60.5% |
| Profit (loss) carried forward | 14 | €319,806 | €344,946 | +€25,140 | +7.9% |
| Provisions and deferred taxes | 16 | €29,460 | €27,005 | -€2,455 | -8.3% |
| Deferred taxes | 168 | €29,460 | €27,005 | -€2,455 | -8.3% |
| Amounts payable | 17/49 | €321,684 | €302,061 | -€19,623 | -6.1% |
| Amounts payable after more than one year | 17 | €288,396 | €268,045 | -€20,351 | -7.1% |
| Financial debts | 170/4 | €288,396 | €268,045 | -€20,351 | -7.1% |
| Amounts payable within one year | 42/48 | €31,678 | €32,351 | +€673 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €19,678 | €20,351 | +€673 | +3.4% |
| Trade debts | 44 | €12,000 | €12,000 | = | 0.0% |
| Suppliers | 440/4 | €12,000 | €12,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,610 | €1,665 | +€55 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,434 | €16,434 | = | 0.0% |
| Other operating charges | 640/8 | €3,359 | €2,998 | -€361 | -10.7% |
| Gross operating margin | 9900 | €46,625 | €30,150 | -€16,475 | -35.3% |
| Operating profit (loss) | 9901 | €26,832 | €10,717 | -€16,115 | -60.1% |
| Financial income | 75/76B | €17,202 | €17,487 | +€286 | +1.7% |
| Recurring financial income | 75 | €17,202 | €17,487 | +€286 | +1.7% |
| Financial charges | 65/66B | €10,938 | €10,287 | -€651 | -5.9% |
| Recurring financial charges | 65 | €10,938 | €10,287 | -€651 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €33,095 | €17,917 | -€15,178 | -45.9% |
| Transfer from deferred taxes | 780 | €2,455 | €2,455 | = | 0.0% |
| Profit (loss) for the period | 9904 | €35,550 | €20,372 | -€15,178 | -42.7% |
| Transfer from tax-exempt reserves | 789 | €4,768 | €4,768 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,318 | €25,140 | -€15,178 | -37.6% |
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 28 October 2026 via checked.be.