VERKRIECK: 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.
VERKRIECK
Largest movements
- Cash -€419,656
down €419,656 (-91.3%), from €459,664 to €40,008
mainly Current investments (-€350,000) and Debts after one year (-€165,261)
- Current investments +€350,000
new in 2026: €350,000
- Tangible fixed assets -€71,970
down €71,970 (-7.4%), from €971,168 to €899,198
of which Land and buildings: -€71,970
- Receivables within one year -€53,080
down €53,080 (-48.9%), from €108,483 to €55,404
of which Other amounts receivable: -€53,444
- Debts after one year -€165,261
down €165,261 (-51.1%), from €323,133 to €157,872
of which Other amounts payable: -€130,000
- Reserves -€48,023
down €48,023 (-12.0%), from €400,288 to €352,265
of which Tax-exempt reserves: -€48,023
- Profit (loss) carried forward +€26,964
up €26,964 (+2.1%), from -€1.3m to -€1.3m
- Gross operating margin -€203,966
down €203,966 (-76.0%), from €268,545 to €64,579
- Taxes -€61,862
down €61,862 (-86.4%), from €71,594 to €9,732
- Other operating charges -€14,325
down €14,325 (-51.8%), from €27,654 to €13,329
- Financial charges -€4,316
down €4,316 (-30.9%), from €13,966 to €9,650
- Financial income +€3,015
up €3,015 (+14,287%), from €21 to €3,036
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,039,315 | €1,844,610 | -€194,706 | -9.5% |
| Fixed assets | 21/28 | €1,471,168 | €1,399,198 | -€71,970 | -4.9% |
| Tangible fixed assets | 22/27 | €971,168 | €899,198 | -€71,970 | -7.4% |
| Land and buildings | 22 | €971,168 | €899,198 | -€71,970 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €568,147 | €445,412 | -€122,735 | -21.6% |
| Amounts receivable within one year | 40/41 | €108,483 | €55,404 | -€53,080 | -48.9% |
| Trade receivables | 40 | €0 | €365 | +€365 | |
| Other amounts receivable | 41 | €108,483 | €55,039 | -€53,444 | -49.3% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €459,664 | €40,008 | -€419,656 | -91.3% |
| Total equity and liabilities | 10/49 | €2,039,315 | €1,844,610 | -€194,706 | -9.5% |
| Equity | 10/15 | €1,591,759 | €1,570,700 | -€21,059 | -1.3% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €400,288 | €352,265 | -€48,023 | -12.0% |
| Non-distributable reserves | 130/1 | €72,537 | €72,537 | = | 0.0% |
| Legal reserve | 130 | €72,537 | €72,537 | = | 0.0% |
| Tax-exempt reserves | 132 | €257,269 | €209,247 | -€48,023 | -18.7% |
| Distributable reserves | 133 | €70,481 | €70,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,308,529 | -€1,281,565 | +€26,964 | +2.1% |
| Provisions and deferred taxes | 16 | €85,756 | €69,749 | -€16,008 | -18.7% |
| Deferred taxes | 168 | €85,756 | €69,749 | -€16,008 | -18.7% |
| Amounts payable | 17/49 | €361,800 | €204,161 | -€157,639 | -43.6% |
| Amounts payable after more than one year | 17 | €323,133 | €157,872 | -€165,261 | -51.1% |
| Financial debts | 170/4 | €193,133 | €157,872 | -€35,261 | -18.3% |
| Other amounts payable | 178/9 | €130,000 | €0 | -€130,000 | -100% |
| Amounts payable within one year | 42/48 | €38,667 | €46,289 | +€7,622 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €33,722 | €35,261 | +€1,539 | +4.6% |
| Trade debts | 44 | €2,345 | €2,207 | -€138 | -5.9% |
| Suppliers | 440/4 | €2,345 | €2,207 | -€138 | -5.9% |
| Taxes, remuneration and social security | 45 | €0 | €8,821 | +€8,821 | |
| Taxes | 450/3 | €0 | €8,821 | +€8,821 | |
| Other amounts payable | 47/48 | €2,600 | €0 | -€2,600 | -100% |
| Non-recurring operating income | 76A | €205,473 | €0 | -€205,473 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,970 | €71,970 | -€0 | 0.0% |
| Other operating charges | 640/8 | €27,654 | €13,329 | -€14,325 | -51.8% |
| Gross operating margin | 9900 | €268,545 | €64,579 | -€203,966 | -76.0% |
| Operating profit (loss) | 9901 | €168,920 | -€20,720 | -€189,641 | |
| Financial income | 75/76B | €21 | €3,036 | +€3,015 | +14,287% |
| Recurring financial income | 75 | €21 | €3,036 | +€3,015 | +14,287% |
| Financial charges | 65/66B | €13,966 | €9,650 | -€4,316 | -30.9% |
| Recurring financial charges | 65 | €13,966 | €9,650 | -€4,316 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €154,975 | -€27,335 | -€182,310 | |
| Transfer from deferred taxes | 780 | €32,398 | €16,008 | -€16,390 | -50.6% |
| Income taxes | 67/77 | €71,594 | €9,732 | -€61,862 | -86.4% |
| Profit (loss) for the period | 9904 | €115,779 | -€21,059 | -€136,838 | |
| Transfer from tax-exempt reserves | 789 | €97,194 | €48,023 | -€49,171 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €212,973 | €26,964 | -€186,009 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.