VERMAN: 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.
VERMAN
Largest movements
- Cash -€11,337
down €11,337 (-35.0%), from €32,400 to €21,063
mainly Other debts (-€14,600) and Net result for the year (-€7,929)
- Tangible fixed assets -€11,058
down €11,058 (-3.2%), from €341,202 to €330,144
- Other debts -€14,600
down €14,600 (-69.8%), from €20,925 to €6,325
- Reserves -€6,801
down €6,801 (-2.7%), from €250,522 to €243,721
of which Tax-exempt reserves: -€6,801
- Gross operating margin +€8,432
up €8,432, from -€860 to €7,573
- Other operating charges +€246
up €246 (+3.2%), from €7,676 to €7,922
- Depreciation -€159
down €159 (-1.4%), from €11,217 to €11,058
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 | €402,077 | €376,046 | -€26,031 | -6.5% |
| Fixed assets | 21/28 | €356,827 | €345,769 | -€11,058 | -3.1% |
| Tangible fixed assets | 22/27 | €341,202 | €330,144 | -€11,058 | -3.2% |
| Land and buildings | 22 | €341,202 | €330,144 | -€11,058 | -3.2% |
| Financial fixed assets | 28 | €15,625 | €15,625 | = | 0.0% |
| Current assets | 29/58 | €45,250 | €30,277 | -€14,973 | -33.1% |
| Amounts receivable within one year | 40/41 | €12,851 | €9,215 | -€3,636 | -28.3% |
| Trade receivables | 40 | - | €4,369 | +€4,369 | |
| Other amounts receivable | 41 | €12,851 | €4,846 | -€8,005 | -62.3% |
| Cash at bank and in hand | 54/58 | €32,400 | €21,063 | -€11,337 | -35.0% |
| Total equity and liabilities | 10/49 | €402,077 | €376,046 | -€26,031 | -6.5% |
| Equity | 10/15 | €303,549 | €295,619 | -€7,929 | -2.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €250,522 | €243,721 | -€6,801 | -2.7% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €150,709 | €143,908 | -€6,801 | -4.5% |
| Distributable reserves | 133 | €93,563 | €93,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,473 | -€10,602 | -€1,129 | -11.9% |
| Provisions and deferred taxes | 16 | €77,603 | €74,102 | -€3,502 | -4.5% |
| Deferred taxes | 168 | €77,603 | €74,102 | -€3,502 | -4.5% |
| Amounts payable | 17/49 | €20,925 | €6,325 | -€14,600 | -69.8% |
| Amounts payable within one year | 42/48 | €20,925 | €6,325 | -€14,600 | -69.8% |
| Other amounts payable | 47/48 | €20,925 | €6,325 | -€14,600 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,217 | €11,058 | -€159 | -1.4% |
| Other operating charges | 640/8 | €7,676 | €7,922 | +€246 | +3.2% |
| Gross operating margin | 9900 | -€860 | €7,573 | +€8,432 | |
| Operating profit (loss) | 9901 | -€19,752 | -€11,407 | +€8,345 | +42.2% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,776 | -€11,431 | +€8,345 | +42.2% |
| Transfer from deferred taxes | 780 | €3,502 | €3,502 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,274 | -€7,929 | +€8,345 | +51.3% |
| Transfer from tax-exempt reserves | 789 | €6,801 | €6,801 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,473 | -€1,129 | +€8,345 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.