VERNAFIX: 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.
What changed
VERNAFIX
NACE 16.230, Manufacture of other builders' carpentry and joinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€129,153
2024 · €182,271-€311,424
Equity
€6.6m
2024 · €6.7m-€129,153
Cash
€326,423
2024 · €518,211-€191,788
Balance sheet total
€11.7m
2024 · €12.3m-€615,446
Largest movements
Assets
- Tangible fixed assets -€374,884
down €374,884 (-5.7%), from €6.6m to €6.2m
of which Land and buildings: -€289,654
- Cash -€191,788
down €191,788 (-37.0%), from €518,211 to €326,423
mainly Debts after one year (-€511,083) and Net result for the year (-€129,153)
Equity and liabilities
- Debts after one year -€511,083
down €511,083 (-12.0%), from €4.2m to €3.7m
Income statement
- Gross operating margin -€263,814
down €263,814 (-12.1%), from €2.2m to €1.9m
- Staff costs +€80,090
up €80,090 (+5.9%), from €1.4m to €1.4m
- Taxes -€39,602
down €39,602 (-95.1%), from €41,622 to €2,020
- Depreciation +€25,500
up €25,500 (+6.3%), from €407,646 to €433,145
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.
Result 2024
€182,271
Gross operating margin
-€263,814
Staff costs
-€80,090
Depreciation
-€25,500
Write-downs
+€10,070
Other operating charges
-€2,543
Financial income
-€1,449
Financial charges
+€9,837
Taxes
+€39,602
Deferred taxes and other
+€2,462
Result 2025
-€129,153
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.
From operations
+€371,905
Investment
-€54,739
Financing
-€508,953
Cash 2024
€518,211
From operations (derived)
+€371,905
Net result for the year
-€129,153
Depreciation
+€433,145
Stocks and contracts
+€121,665
Receivables within one year
-€62,477
Deferred charges and accrued income
-€13,935
Smaller working-capital items
+€1,074
Trade debts
+€43,919
Tax, wage and social debts
-€25,592
Advances received
+€3,258
Investment (derived)
-€54,739
Investment in fixed assets (net)
-€54,739
Financing
-€508,953
Debts after one year
-€511,083
Current portion of long-term debt
-€13,770
Short-term financial debts
+€15,900
Cash 2025
€326,423
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,306,976 | €11,691,531 | -€615,446 | -5.0% |
| Fixed assets | 21/28 | €6,574,743 | €6,196,337 | -€378,406 | -5.8% |
| Intangible fixed assets | 21 | €9,026 | €5,504 | -€3,522 | -39.0% |
| Tangible fixed assets | 22/27 | €6,564,812 | €6,189,928 | -€374,884 | -5.7% |
| Land and buildings | 22 | €6,020,500 | €5,730,846 | -€289,654 | -4.8% |
| Plant, machinery and equipment | 23 | €220,345 | €203,344 | -€17,001 | -7.7% |
| Furniture and vehicles | 24 | €45,557 | €22,317 | -€23,240 | -51.0% |
| Leasing and similar rights | 25 | €278,409 | €233,421 | -€44,988 | -16.2% |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €5,732,233 | €5,495,193 | -€237,040 | -4.1% |
| Stocks and contracts in progress | 3 | €4,068,797 | €3,947,132 | -€121,665 | -3.0% |
| Stocks | 30/36 | €4,068,797 | €3,947,132 | -€121,665 | -3.0% |
| Amounts receivable within one year | 40/41 | €823,443 | €885,920 | +€62,477 | +7.6% |
| Trade receivables | 40 | €704,598 | €796,146 | +€91,548 | +13.0% |
| Other amounts receivable | 41 | €118,846 | €89,774 | -€29,071 | -24.5% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €518,211 | €326,423 | -€191,788 | -37.0% |
| Deferred charges and accrued income | 490/1 | €21,782 | €35,717 | +€13,935 | +64.0% |
| Total equity and liabilities | 10/49 | €12,306,976 | €11,691,531 | -€615,446 | -5.0% |
| Equity | 10/15 | €6,708,917 | €6,579,764 | -€129,153 | -1.9% |
| Contributions | 10/11 | €1,226,336 | €1,226,336 | = | 0.0% |
| Reserves | 13 | €5,474,568 | €5,353,428 | -€121,140 | -2.2% |
| Tax-exempt reserves | 132 | €94,568 | €93,057 | -€1,511 | -1.6% |
| Distributable reserves | 133 | €5,380,000 | €5,260,371 | -€119,629 | -2.2% |
| Profit (loss) carried forward | 14 | €8,013 | €0 | -€8,013 | -100.0% |
| Provisions and deferred taxes | 16 | €6,165 | €5,662 | -€504 | -8.2% |
| Deferred taxes | 168 | €6,165 | €5,662 | -€504 | -8.2% |
| Amounts payable | 17/49 | €5,591,894 | €5,106,105 | -€485,789 | -8.7% |
| Amounts payable after more than one year | 17 | €4,249,130 | €3,738,047 | -€511,083 | -12.0% |
| Financial debts | 170/4 | €4,249,130 | €3,738,047 | -€511,083 | -12.0% |
| Amounts payable within one year | 42/48 | €1,341,887 | €1,366,400 | +€24,513 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €524,852 | €511,083 | -€13,770 | -2.6% |
| Financial debts | 43 | €0 | €15,900 | +€15,900 | |
| Credit institutions | 430/8 | €0 | €15,900 | +€15,900 | |
| Trade debts | 44 | €439,716 | €483,635 | +€43,919 | +10.0% |
| Suppliers | 440/4 | €439,716 | €483,635 | +€43,919 | +10.0% |
| Advances received on contracts in progress | 46 | €349 | €3,607 | +€3,258 | +932.8% |
| Taxes, remuneration and social security | 45 | €311,982 | €286,390 | -€25,592 | -8.2% |
| Taxes | 450/3 | €89,350 | €109,112 | +€19,762 | +22.1% |
| Remuneration and social security | 454/9 | €222,632 | €177,278 | -€45,354 | -20.4% |
| Other amounts payable | 47/48 | €64,988 | €65,785 | +€797 | +1.2% |
| Accrued charges and deferred income | 492/3 | €878 | €1,659 | +€781 | +89.0% |
| Non-recurring operating income | 76A | €10,000 | €4,500 | -€5,500 | -55.0% |
| Remuneration, social security and pensions | 62 | €1,353,116 | €1,433,206 | +€80,090 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407,646 | €433,145 | +€25,500 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,336 | -€734 | -€10,070 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €48,146 | €50,689 | +€2,543 | +5.3% |
| Gross operating margin | 9900 | €2,179,337 | €1,915,523 | -€263,814 | -12.1% |
| Operating profit (loss) | 9901 | €361,093 | -€783 | -€361,876 | |
| Financial income | 75/76B | €38,602 | €37,153 | -€1,449 | -3.8% |
| Recurring financial income | 75 | €38,602 | €37,153 | -€1,449 | -3.8% |
| Financial charges | 65/66B | €173,844 | €164,007 | -€9,837 | -5.7% |
| Recurring financial charges | 65 | €173,844 | €164,007 | -€9,837 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €225,851 | -€127,637 | -€353,488 | |
| Transfer from deferred taxes | 780 | €542 | €504 | -€38 | -7.1% |
| Transfer to deferred taxes | 680 | €2,500 | €0 | -€2,500 | -100.0% |
| Income taxes | 67/77 | €41,622 | €2,020 | -€39,602 | -95.1% |
| Profit (loss) for the period | 9904 | €182,271 | -€129,153 | -€311,424 | |
| Transfer from tax-exempt reserves | 789 | €1,626 | €1,511 | -€115 | -7.1% |
| Transfer to tax-exempt reserves | 689 | €7,500 | €0 | -€7,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,397 | -€127,642 | -€304,039 |
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 3 October 2026 via checked.be.