VERKO: 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.
VERKO
Largest movements
- Tangible fixed assets -€24,927
down €24,927 (-3.8%), from €658,402 to €633,475
of which Land and buildings: -€24,438
- Receivables within one year +€20,065
up €20,065 (+297%), from €6,760 to €26,824
of which Other amounts receivable: +€20,086
- Debts after one year -€18,265
down €18,265 (-3.2%), from €568,504 to €550,239
- Trade debts +€16,258
up €16,258 (+121%), from €13,433 to €29,691
- Other debts -€15,097
down €15,097 (-3.6%), from €419,923 to €404,826
- Gross operating margin -€22,325
down €22,325 (-28.5%), from €78,450 to €56,125
- Financial charges -€7,981
down €7,981 (-30.7%), from €25,978 to €17,997
- Depreciation -€7,062
down €7,062 (-20.0%), from €35,244 to €28,182
- Taxes -€2,140
down €2,140 (-53.4%), from €4,011 to €1,871
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 | €1,135,538 | €1,122,998 | -€12,541 | -1.1% |
| Fixed assets | 21/28 | €1,118,402 | €1,093,475 | -€24,927 | -2.2% |
| Tangible fixed assets | 22/27 | €658,402 | €633,475 | -€24,927 | -3.8% |
| Land and buildings | 22 | €656,368 | €631,930 | -€24,438 | -3.7% |
| Plant, machinery and equipment | 23 | €2,034 | €1,545 | -€489 | -24.0% |
| Financial fixed assets | 28 | €460,000 | €460,000 | = | 0.0% |
| Current assets | 29/58 | €17,137 | €29,523 | +€12,386 | +72.3% |
| Amounts receivable within one year | 40/41 | €6,760 | €26,824 | +€20,065 | +297% |
| Trade receivables | 40 | €4,888 | €4,867 | -€21 | -0.4% |
| Other amounts receivable | 41 | €1,872 | €21,957 | +€20,086 | +1,073% |
| Cash at bank and in hand | 54/58 | €7,458 | €2,699 | -€4,760 | -63.8% |
| Deferred charges and accrued income | 490/1 | €2,919 | €0 | -€2,919 | -100% |
| Total equity and liabilities | 10/49 | €1,135,538 | €1,122,998 | -€12,541 | -1.1% |
| Equity | 10/15 | €70,614 | €73,684 | +€3,070 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,327 | €11,684 | +€3,358 | +40.3% |
| Non-distributable reserves | 130/1 | €454 | €622 | +€168 | +37.0% |
| Legal reserve | 130 | €454 | €622 | +€168 | +37.0% |
| Distributable reserves | 133 | €7,873 | €11,063 | +€3,190 | +40.5% |
| Profit (loss) carried forward | 14 | €287 | €0 | -€287 | -100% |
| Amounts payable | 17/49 | €1,064,924 | €1,049,313 | -€15,611 | -1.5% |
| Amounts payable after more than one year | 17 | €568,504 | €550,239 | -€18,265 | -3.2% |
| Financial debts | 170/4 | €568,504 | €550,239 | -€18,265 | -3.2% |
| Amounts payable within one year | 42/48 | €490,537 | €495,915 | +€5,378 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €50,616 | €58,265 | +€7,648 | +15.1% |
| Trade debts | 44 | €13,433 | €29,691 | +€16,258 | +121% |
| Suppliers | 440/4 | €13,433 | €29,691 | +€16,258 | +121% |
| Taxes, remuneration and social security | 45 | €6,564 | €3,132 | -€3,432 | -52.3% |
| Taxes | 450/3 | €6,564 | €3,132 | -€3,432 | -52.3% |
| Other amounts payable | 47/48 | €419,923 | €404,826 | -€15,097 | -3.6% |
| Accrued charges and deferred income | 492/3 | €5,884 | €3,160 | -€2,724 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,244 | €28,182 | -€7,062 | -20.0% |
| Other operating charges | 640/8 | €4,930 | €5,005 | +€75 | +1.5% |
| Gross operating margin | 9900 | €78,450 | €56,125 | -€22,325 | -28.5% |
| Operating profit (loss) | 9901 | €38,276 | €22,939 | -€15,337 | -40.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €25,978 | €17,997 | -€7,981 | -30.7% |
| Recurring financial charges | 65 | €25,978 | €17,997 | -€7,981 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €12,298 | €4,941 | -€7,357 | -59.8% |
| Income taxes | 67/77 | €4,011 | €1,871 | -€2,140 | -53.4% |
| Profit (loss) for the period | 9904 | €8,287 | €3,070 | -€5,217 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,287 | €3,070 | -€5,217 | -63.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.