VERNATIO: 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.
VERNATIO
Largest movements
- Cash +€33,543
up €33,543 (+147%), from €22,793 to €56,336
mainly Net result for the year (+€25,318) and Other debts (+€22,613)
- Receivables within one year +€16,938
up €16,938 (+407%), from €4,161 to €21,099
of which Trade receivables: +€17,349
- Tangible fixed assets +€11,391
up €11,391 (+53.1%), from €21,440 to €32,831
of which Furniture and vehicles: +€7,681
- Other debts +€22,613
new in 2025: €22,613
- Profit (loss) carried forward +€21,950
no longer reported in 2025 (was -€21,950)
- Tax, wage and social debts +€12,657
up €12,657 (+263%), from €4,812 to €17,469
- Reserves +€3,368
up €3,368 (+5.7%), from €59,145 to €62,513
of which Distributable reserves: +€3,368
- Accrued charges and deferred income +€1,470
new in 2025: €1,470
- Gross operating margin +€51,744
up €51,744, from -€4,258 to €47,486
- Taxes +€11,015
up €11,015 (+449%), from €2,452 to €13,468
- Depreciation +€5,010
up €5,010 (+160%), from €3,123 to €8,133
- Other operating charges -€1,377
down €1,377 (-76.3%), from €1,805 to €429
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 | €48,393 | €110,266 | +€61,872 | +128% |
| Fixed assets | 21/28 | €21,440 | €32,831 | +€11,391 | +53.1% |
| Tangible fixed assets | 22/27 | €21,440 | €32,831 | +€11,391 | +53.1% |
| Land and buildings | 22 | €112 | - | -€112 | |
| Plant, machinery and equipment | 23 | - | €3,822 | +€3,822 | |
| Furniture and vehicles | 24 | €16,428 | €24,109 | +€7,681 | +46.8% |
| Other tangible fixed assets | 26 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €26,953 | €77,435 | +€50,481 | +187% |
| Amounts receivable within one year | 40/41 | €4,161 | €21,099 | +€16,938 | +407% |
| Trade receivables | 40 | €3,608 | €20,958 | +€17,349 | +481% |
| Other amounts receivable | 41 | €553 | €141 | -€411 | -74.4% |
| Cash at bank and in hand | 54/58 | €22,793 | €56,336 | +€33,543 | +147% |
| Total equity and liabilities | 10/49 | €48,393 | €110,266 | +€61,872 | +128% |
| Equity | 10/15 | €43,395 | €68,713 | +€25,318 | +58.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,145 | €62,513 | +€3,368 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,285 | €60,653 | +€3,368 | +5.9% |
| Profit (loss) carried forward | 14 | -€21,950 | - | +€21,950 | |
| Amounts payable | 17/49 | €4,998 | €41,553 | +€36,554 | +731% |
| Amounts payable within one year | 42/48 | €4,998 | €40,083 | +€35,084 | +702% |
| Trade debts | 44 | €186 | - | -€186 | |
| Suppliers | 440/4 | €186 | - | -€186 | |
| Taxes, remuneration and social security | 45 | €4,812 | €17,469 | +€12,657 | +263% |
| Taxes | 450/3 | €4,812 | €17,469 | +€12,657 | +263% |
| Other amounts payable | 47/48 | - | €22,613 | +€22,613 | |
| Accrued charges and deferred income | 492/3 | - | €1,470 | +€1,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,123 | €8,133 | +€5,010 | +160% |
| Other operating charges | 640/8 | €1,805 | €429 | -€1,377 | -76.3% |
| Gross operating margin | 9900 | -€4,258 | €47,486 | +€51,744 | |
| Operating profit (loss) | 9901 | -€9,186 | €38,924 | +€48,110 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €406 | €138 | -€268 | -65.9% |
| Recurring financial charges | 65 | €406 | €138 | -€268 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,592 | €38,786 | +€48,378 | |
| Income taxes | 67/77 | €2,452 | €13,468 | +€11,015 | +449% |
| Profit (loss) for the period | 9904 | -€12,045 | €25,318 | +€37,363 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,045 | €25,318 | +€37,363 |
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 18 October 2026 via checked.be.