VERNACO IMMO: 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.
VERNACO IMMO
Largest movements
- Stocks and contracts +€820,000
up €820,000 (+110%), from €745,000 to €1.6m
- Receivables within one year -€177,974
down €177,974 (-99.7%), from €178,516 to €542
of which Other amounts receivable: -€177,425
- Cash +€78,326
up €78,326 (+174%), from €45,069 to €123,395
mainly Other debts (+€587,611) and Receivables within one year (+€177,974)
- Other debts +€587,611
up €587,611 (+65.3%), from €900,000 to €1.5m
- Tax, wage and social debts +€49,189
up €49,189 (+10,931%), from €450 to €49,639
- Reserves +€45,752
up €45,752 (+122%), from €37,609 to €83,362
of which Distributable reserves: +€45,752
- Trade debts +€37,799
up €37,799 (+7,190%), from €526 to €38,325
- Gross operating margin +€30,068
up €30,068 (+95.5%), from €31,473 to €61,542
- Taxes +€7,298
up €7,298 (+91.0%), from €8,017 to €15,316
- Other operating charges +€617
up €617 (+103%), from €599 to €1,216
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 | €968,585 | €1,688,936 | +€720,352 | +74.4% |
| Current assets | 29/58 | €968,585 | €1,688,936 | +€720,352 | +74.4% |
| Stocks and contracts in progress | 3 | €745,000 | €1,565,000 | +€820,000 | +110% |
| Contracts in progress | 37 | €745,000 | €1,565,000 | +€820,000 | +110% |
| Amounts receivable within one year | 40/41 | €178,516 | €542 | -€177,974 | -99.7% |
| Trade receivables | 40 | €550 | - | -€550 | |
| Other amounts receivable | 41 | €177,967 | €542 | -€177,425 | -99.7% |
| Cash at bank and in hand | 54/58 | €45,069 | €123,395 | +€78,326 | +174% |
| Total equity and liabilities | 10/49 | €968,585 | €1,688,936 | +€720,352 | +74.4% |
| Equity | 10/15 | €67,609 | €113,362 | +€45,752 | +67.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €37,609 | €83,362 | +€45,752 | +122% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €34,609 | €80,362 | +€45,752 | +132% |
| Amounts payable | 17/49 | €900,976 | €1,575,575 | +€674,599 | +74.9% |
| Amounts payable within one year | 42/48 | €900,976 | €1,575,575 | +€674,599 | +74.9% |
| Trade debts | 44 | €526 | €38,325 | +€37,799 | +7,190% |
| Suppliers | 440/4 | €526 | €38,325 | +€37,799 | +7,190% |
| Taxes, remuneration and social security | 45 | €450 | €49,639 | +€49,189 | +10,931% |
| Taxes | 450/3 | €450 | €49,639 | +€49,189 | +10,931% |
| Other amounts payable | 47/48 | €900,000 | €1,487,611 | +€587,611 | +65.3% |
| Other operating charges | 640/8 | €599 | €1,216 | +€617 | +103% |
| Gross operating margin | 9900 | €31,473 | €61,542 | +€30,068 | +95.5% |
| Operating profit (loss) | 9901 | €30,874 | €60,326 | +€29,451 | +95.4% |
| Financial income | 75/76B | €305 | €742 | +€437 | +143% |
| Recurring financial income | 75 | €305 | €742 | +€437 | +143% |
| Financial charges | 65/66B | €13 | - | -€13 | |
| Recurring financial charges | 65 | €13 | - | -€13 | |
| Profit (loss) for the period before taxes | 9903 | €31,166 | €61,068 | +€29,902 | +95.9% |
| Income taxes | 67/77 | €8,017 | €15,316 | +€7,298 | +91.0% |
| Profit (loss) for the period | 9904 | €23,149 | €45,752 | +€22,603 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,149 | €45,752 | +€22,603 | +97.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.