Verma-Construct: what changed
Two fiscal 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-Construct
Largest movements
- Stocks and contracts -€93,787
down €93,787 (-13.5%), from €695,749 to €601,963
- Cash -€23,450
down €23,450 (-97.9%), from €23,954 to €504
mainly Trade debts (-€245,092) and Short-term financial debts (-€219,025)
- Other debts +€259,292
up €259,292 (+614.9%), from €42,171 to €301,463
- Trade debts -€245,092
down €245,092 (-84.4%), from €290,479 to €45,387
- Short-term financial debts -€219,025
down €219,025 (-52.8%), from €414,577 to €195,552
- Profit (loss) carried forward +€103,772
up €103,772 (+46.8%), from -€221,559 to -€117,787
- Tax, wage and social debts -€9,312
down €9,312 (-58.9%), from €15,822 to €6,510
- Gross operating margin +€426,583
up €426,583, from -€306,225 to €120,359
- Financial charges +€7,123
up €7,123 (+82.6%), from €8,626 to €15,749
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.
Cash bridge derived
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 | €782,552 | €670,705 | -€111,847 | -14.3% |
| Fixed assets | 21/28 | €1,649 | €1,355 | -€294 | -17.8% |
| Tangible fixed assets | 22/27 | €1,649 | €1,355 | -€294 | -17.8% |
| Other tangible fixed assets | 26 | €1,649 | €1,355 | -€294 | -17.8% |
| Current assets | 29/58 | €780,903 | €669,350 | -€111,553 | -14.3% |
| Stocks and contracts in progress | 3 | €695,749 | €601,963 | -€93,787 | -13.5% |
| Stocks | 30/36 | €695,749 | €601,963 | -€93,787 | -13.5% |
| Amounts receivable within one year | 40/41 | €61,200 | €66,883 | +€5,683 | +9.3% |
| Trade receivables | 40 | €27,444 | €24,557 | -€2,887 | -10.5% |
| Other amounts receivable | 41 | €33,756 | €42,326 | +€8,571 | +25.4% |
| Cash at bank and in hand | 54/58 | €23,954 | €504 | -€23,450 | -97.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €782,552 | €670,705 | -€111,847 | -14.3% |
| Equity | 10/15 | -€191,559 | -€87,787 | +€103,772 | +54.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€221,559 | -€117,787 | +€103,772 | +46.8% |
| Amounts payable | 17/49 | €974,111 | €758,491 | -€215,619 | -22.1% |
| Amounts payable within one year | 42/48 | €974,111 | €758,369 | -€215,742 | -22.1% |
| Financial debts | 43 | €414,577 | €195,552 | -€219,025 | -52.8% |
| Credit institutions | 430/8 | €414,577 | €195,552 | -€219,025 | -52.8% |
| Trade debts | 44 | €290,479 | €45,387 | -€245,092 | -84.4% |
| Suppliers | 440/4 | €290,479 | €45,387 | -€245,092 | -84.4% |
| Advances received on contracts in progress | 46 | €211,062 | €209,457 | -€1,605 | -0.8% |
| Taxes, remuneration and social security | 45 | €15,822 | €6,510 | -€9,312 | -58.9% |
| Taxes | 450/3 | €15,822 | €6,510 | -€9,312 | -58.9% |
| Other amounts payable | 47/48 | €42,171 | €301,463 | +€259,292 | +614.9% |
| Accrued charges and deferred income | 492/3 | - | €123 | +€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €294 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€306,225 | €120,359 | +€426,583 | |
| Operating profit (loss) | 9901 | -€307,032 | €119,537 | +€426,569 | |
| Financial income | 75/76B | €827 | €0 | -€827 | -100.0% |
| Recurring financial income | 75 | €827 | €0 | -€827 | -100.0% |
| Financial charges | 65/66B | €8,626 | €15,749 | +€7,123 | +82.6% |
| Recurring financial charges | 65 | €8,626 | €15,749 | +€7,123 | +82.6% |
| Profit (loss) for the period before taxes | 9903 | -€314,831 | €103,789 | +€418,619 | |
| Income taxes | 67/77 | €0 | €16 | +€16 | |
| Profit (loss) for the period | 9904 | -€314,831 | €103,772 | +€418,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€314,831 | €103,772 | +€418,603 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.