VERLORENKOST: what changed
What changed
VERLORENKOST
filed annual accounts (NBB)
Net result for the year
-€6,774
2024 · €17,909-€24,683
Equity
€2.7m
2024 · €2.7m-€6,774
Cash
€485,323
2024 · €351,537+€133,786
Balance sheet total
€2.9m
2024 · €3.0m-€32,217
Largest movements
Assets
- Cash +€133,786
up €133,786 (+38.1%), from €351,537 to €485,323
mainly Depreciation (+€111,061) and Receivables within one year (+€76,809)
- Tangible fixed assets -€87,491
down €87,491 (-4.0%), from €2.2m to €2.1m
of which Land and buildings: -€89,984
- Receivables within one year -€76,809
down €76,809 (-81.1%), from €94,704 to €17,895
of which Other amounts receivable: -€80,019
Equity and liabilities
- Reserves -€48,447
down €48,447 (-5.3%), from €908,552 to €860,106
of which Tax-exempt reserves: -€48,447
- Profit (loss) carried forward +€41,672
up €41,672 (+2.6%), from €1.6m to €1.6m
Income statement
- Gross operating margin -€26,563
down €26,563 (-17.1%), from €155,644 to €129,081
- Taxes -€9,083
down €9,083 (-28.2%), from €32,158 to €23,075
- Financial income -€7,506
down €7,506 (-74.6%), from €10,056 to €2,549
- Other operating charges +€4,819
up €4,819 (+32.7%), from €14,740 to €19,559
- Depreciation -€3,667
down €3,667 (-3.2%), from €114,728 to €111,061
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,909
Gross operating margin
-€26,563
Depreciation
+€3,667
Other operating charges
-€4,819
Financial income
-€7,506
Financial charges
+€1,458
Taxes
+€9,083
Deferred taxes and other
-€3
Result 2025
-€6,774
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€165,689
Investment
-€23,570
Financing
-€8,333
Cash 2024
€351,537
From operations (derived)
+€165,689
Net result for the year
-€6,774
Depreciation
+€111,061
Receivables within one year
+€76,809
Deferred charges and accrued income
+€1,703
Provisions
-€15,487
Trade debts
+€10,354
Tax, wage and social debts
-€16,251
Advances received
+€3,099
Other debts
+€2,226
Accrued charges and deferred income
-€1,051
Investment (derived)
-€23,570
Investment in fixed assets (net)
-€23,570
Financing
-€8,333
Current portion of long-term debt
-€8,333
Cash 2025
€485,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,979,306 | €2,947,089 | -€32,217 | -1.1% |
| Fixed assets | 21/28 | €2,529,158 | €2,441,667 | -€87,491 | -3.5% |
| Tangible fixed assets | 22/27 | €2,164,740 | €2,077,248 | -€87,491 | -4.0% |
| Land and buildings | 22 | €2,124,367 | €2,034,384 | -€89,984 | -4.2% |
| Plant, machinery and equipment | 23 | €26,550 | €30,445 | +€3,895 | +14.7% |
| Furniture and vehicles | 24 | €13,822 | €12,420 | -€1,402 | -10.1% |
| Financial fixed assets | 28 | €364,418 | €364,418 | = | 0.0% |
| Current assets | 29/58 | €450,148 | €505,422 | +€55,274 | +12.3% |
| Amounts receivable within one year | 40/41 | €94,704 | €17,895 | -€76,809 | -81.1% |
| Trade receivables | 40 | €5,223 | €8,433 | +€3,210 | +61.5% |
| Other amounts receivable | 41 | €89,481 | €9,462 | -€80,019 | -89.4% |
| Cash at bank and in hand | 54/58 | €351,537 | €485,323 | +€133,786 | +38.1% |
| Deferred charges and accrued income | 490/1 | €3,907 | €2,205 | -€1,703 | -43.6% |
| Total equity and liabilities | 10/49 | €2,979,306 | €2,947,089 | -€32,217 | -1.1% |
| Equity | 10/15 | €2,657,911 | €2,651,136 | -€6,774 | -0.3% |
| Contributions | 10/11 | €141,931 | €141,931 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Contributions outside capital | 11 | €17,931 | €17,931 | = | 0.0% |
| Share premium | 1100/10 | €17,931 | €17,931 | = | 0.0% |
| Reserves | 13 | €908,552 | €860,106 | -€48,447 | -5.3% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €797,643 | €749,197 | -€48,447 | -6.1% |
| Distributable reserves | 133 | €98,509 | €98,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,607,427 | €1,649,099 | +€41,672 | +2.6% |
| Provisions and deferred taxes | 16 | €265,881 | €250,394 | -€15,487 | -5.8% |
| Deferred taxes | 168 | €265,881 | €250,394 | -€15,487 | -5.8% |
| Amounts payable | 17/49 | €55,514 | €45,558 | -€9,956 | -17.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,431 | €43,526 | -€8,905 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €0 | -€8,333 | -100% |
| Trade debts | 44 | €5,995 | €16,349 | +€10,354 | +173% |
| Suppliers | 440/4 | €5,995 | €16,349 | +€10,354 | +173% |
| Advances received on contracts in progress | 46 | - | €3,099 | +€3,099 | |
| Taxes, remuneration and social security | 45 | €26,338 | €10,087 | -€16,251 | -61.7% |
| Taxes | 450/3 | €26,338 | €10,087 | -€16,251 | -61.7% |
| Other amounts payable | 47/48 | €11,765 | €13,991 | +€2,226 | +18.9% |
| Accrued charges and deferred income | 492/3 | €3,083 | €2,032 | -€1,051 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,728 | €111,061 | -€3,667 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,740 | €19,559 | +€4,819 | +32.7% |
| Gross operating margin | 9900 | €155,644 | €129,081 | -€26,563 | -17.1% |
| Operating profit (loss) | 9901 | €26,175 | -€1,540 | -€27,715 | |
| Financial income | 75/76B | €10,056 | €2,549 | -€7,506 | -74.6% |
| Recurring financial income | 75 | €10,056 | €2,549 | -€7,506 | -74.6% |
| Financial charges | 65/66B | €1,654 | €196 | -€1,458 | -88.2% |
| Recurring financial charges | 65 | €1,654 | €196 | -€1,458 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €34,577 | €814 | -€33,764 | -97.6% |
| Transfer from deferred taxes | 780 | €15,489 | €15,487 | -€3 | 0.0% |
| Income taxes | 67/77 | €32,158 | €23,075 | -€9,083 | -28.2% |
| Profit (loss) for the period | 9904 | €17,909 | -€6,774 | -€24,683 | |
| Transfer from tax-exempt reserves | 789 | €48,454 | €48,447 | -€8 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,363 | €41,672 | -€24,691 | -37.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.