VERMA: 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.
VERMA
Largest movements
- Cash +€15,661
up €15,661 (+64.0%), from €24,476 to €40,137
mainly Net result for the year (+€11,129) and Current investments (+€10,000)
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€2,397
up €2,397 (+284%), from €845 to €3,242
- Reserves +€11,000
up €11,000 (+104%), from €10,540 to €21,540
of which Distributable reserves: +€11,000
- Other debts -€3,509
down €3,509 (-31.2%), from €11,244 to €7,735
- Gross operating margin +€5,919
up €5,919 (+32.6%), from €18,147 to €24,066
- Taxes +€5,437
up €5,437 (+408%), from €1,331 to €6,768
- Other operating charges -€3,240
down €3,240 (-49.7%), from €6,519 to €3,279
- Financial charges +€403
up €403 (+15.6%), from €2,587 to €2,990
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 | €35,321 | €43,379 | +€8,058 | +22.8% |
| Fixed assets | 21/28 | - | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €35,321 | €43,379 | +€8,058 | +22.8% |
| Amounts receivable within one year | 40/41 | €845 | €3,242 | +€2,397 | +284% |
| Trade receivables | 40 | €845 | €3,242 | +€2,397 | +284% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €24,476 | €40,137 | +€15,661 | +64.0% |
| Total equity and liabilities | 10/49 | €35,321 | €43,379 | +€8,058 | +22.8% |
| Equity | 10/15 | €17,317 | €28,446 | +€11,129 | +64.3% |
| Contributions | 10/11 | €6,515 | €6,515 | = | 0.0% |
| Capital | 10 | €6,515 | €6,515 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,085 | €12,085 | = | 0.0% |
| Reserves | 13 | €10,540 | €21,540 | +€11,000 | +104% |
| Tax-exempt reserves | 132 | €240 | €240 | = | 0.0% |
| Distributable reserves | 133 | €10,300 | €21,300 | +€11,000 | +107% |
| Profit (loss) carried forward | 14 | €262 | €391 | +€129 | +49.2% |
| Amounts payable | 17/49 | €18,004 | €14,933 | -€3,071 | -17.1% |
| Amounts payable within one year | 42/48 | €17,835 | €14,827 | -€3,008 | -16.9% |
| Trade debts | 44 | €2,382 | €2,507 | +€125 | +5.2% |
| Suppliers | 440/4 | €2,382 | €2,507 | +€125 | +5.2% |
| Taxes, remuneration and social security | 45 | €4,209 | €4,585 | +€376 | +8.9% |
| Taxes | 450/3 | €3,560 | €3,232 | -€328 | -9.2% |
| Remuneration and social security | 454/9 | €649 | €1,353 | +€704 | +108% |
| Other amounts payable | 47/48 | €11,244 | €7,735 | -€3,509 | -31.2% |
| Accrued charges and deferred income | 492/3 | €169 | €106 | -€63 | -37.3% |
| Other operating charges | 640/8 | €6,519 | €3,279 | -€3,240 | -49.7% |
| Gross operating margin | 9900 | €18,147 | €24,066 | +€5,919 | +32.6% |
| Operating profit (loss) | 9901 | €11,628 | €20,787 | +€9,159 | +78.8% |
| Financial income | 75/76B | €21 | €100 | +€79 | +376% |
| Recurring financial income | 75 | €21 | €100 | +€79 | +376% |
| Financial charges | 65/66B | €2,587 | €2,990 | +€403 | +15.6% |
| Recurring financial charges | 65 | €2,587 | €2,990 | +€403 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €9,062 | €17,897 | +€8,835 | +97.5% |
| Income taxes | 67/77 | €1,331 | €6,768 | +€5,437 | +408% |
| Profit (loss) for the period | 9904 | €7,731 | €11,129 | +€3,398 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,731 | €11,129 | +€3,398 | +44.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.