VERNAPED: 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.
VERNAPED
Largest movements
- Cash +€19,650
up €19,650 (+12.3%), from €160,073 to €179,723
mainly Net result for the year (+€103,347) and Other debts (+€16,052)
- Intangible fixed assets -€3,700
down €3,700 (-16.9%), from €21,886 to €18,186
- Other debts +€16,052
up €16,052 (+17.0%), from €94,441 to €110,493
- Gross operating margin -€7,560
down €7,560 (-5.2%), from €144,820 to €137,260
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 | €186,364 | €200,802 | +€14,438 | +7.7% |
| Fixed assets | 21/28 | €21,962 | €18,262 | -€3,700 | -16.8% |
| Intangible fixed assets | 21 | €21,886 | €18,186 | -€3,700 | -16.9% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €164,402 | €182,540 | +€18,138 | +11.0% |
| Amounts receivable within one year | 40/41 | €3,744 | €2,168 | -€1,576 | -42.1% |
| Trade receivables | 40 | €387 | €0 | -€387 | -100.0% |
| Other amounts receivable | 41 | €3,357 | €2,168 | -€1,189 | -35.4% |
| Cash at bank and in hand | 54/58 | €160,073 | €179,723 | +€19,650 | +12.3% |
| Deferred charges and accrued income | 490/1 | €585 | €649 | +€63 | +10.9% |
| Total equity and liabilities | 10/49 | €186,364 | €200,802 | +€14,438 | +7.7% |
| Equity | 10/15 | €85,469 | €85,469 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €81,469 | €81,469 | = | 0.0% |
| Distributable reserves | 133 | €81,469 | €81,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,895 | €115,332 | +€14,438 | +14.3% |
| Amounts payable within one year | 42/48 | €100,895 | €115,332 | +€14,438 | +14.3% |
| Trade debts | 44 | €2,808 | €2,700 | -€107 | -3.8% |
| Suppliers | 440/4 | €2,808 | €2,700 | -€107 | -3.8% |
| Taxes, remuneration and social security | 45 | €3,646 | €2,139 | -€1,507 | -41.3% |
| Taxes | 450/3 | €3,646 | €2,139 | -€1,507 | -41.3% |
| Other amounts payable | 47/48 | €94,441 | €110,493 | +€16,052 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,700 | €3,700 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €144,820 | €137,260 | -€7,560 | -5.2% |
| Operating profit (loss) | 9901 | €140,733 | €133,161 | -€7,572 | -5.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €726 | €726 | = | 0.0% |
| Recurring financial charges | 65 | €726 | €726 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €140,007 | €132,435 | -€7,572 | -5.4% |
| Income taxes | 67/77 | €30,332 | €29,087 | -€1,244 | -4.1% |
| Profit (loss) for the period | 9904 | €109,675 | €103,347 | -€6,328 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,675 | €103,347 | -€6,328 | -5.8% |
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.