Vernauw: 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.
Vernauw
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€52,937
down €52,937 (-11.5%), from €460,103 to €407,166
- Trade debts +€30,941
up €30,941 (+731%), from €4,232 to €35,174
- Reserves +€20,176
up €20,176 (+82.3%), from €24,523 to €44,699
- Other debts -€11,250
down €11,250 (-47.8%), from €23,523 to €12,273
- Tax, wage and social debts +€8,897
up €8,897 (+51.0%), from €17,433 to €26,330
of which Taxes: +€8,891
- Gross operating margin +€17,107
up €17,107 (+61.4%), from €27,862 to €44,969
- Taxes +€7,190
up €7,190 (+201%), from €3,577 to €10,768
- Financial charges -€1,845
down €1,845 (-13.7%), from €13,497 to €11,653
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,030 | €582,643 | -€2,387 | -0.4% |
| Fixed assets | 21/28 | €584,897 | €582,643 | -€2,254 | -0.4% |
| Tangible fixed assets | 22/27 | €4,897 | €2,643 | -€2,254 | -46.0% |
| Plant, machinery and equipment | 23 | €4,897 | €2,643 | -€2,254 | -46.0% |
| Financial fixed assets | 28 | €580,000 | €580,000 | = | 0.0% |
| Current assets | 29/58 | €133 | - | -€133 | |
| Deferred charges and accrued income | 490/1 | €133 | - | -€133 | |
| Total equity and liabilities | 10/49 | €585,030 | €582,643 | -€2,387 | -0.4% |
| Equity | 10/15 | €24,623 | €44,799 | +€20,176 | +81.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €24,523 | €44,699 | +€20,176 | +82.3% |
| Distributable reserves | 133 | €24,523 | €44,699 | +€20,176 | +82.3% |
| Amounts payable | 17/49 | €560,406 | €537,844 | -€22,563 | -4.0% |
| Amounts payable after more than one year | 17 | €460,103 | €407,166 | -€52,937 | -11.5% |
| Financial debts | 170/4 | €460,103 | €407,166 | -€52,937 | -11.5% |
| Amounts payable within one year | 42/48 | €100,304 | €130,678 | +€30,375 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €55,115 | €56,901 | +€1,786 | +3.2% |
| Trade debts | 44 | €4,232 | €35,174 | +€30,941 | +731% |
| Suppliers | 440/4 | €4,232 | €35,174 | +€30,941 | +731% |
| Taxes, remuneration and social security | 45 | €17,433 | €26,330 | +€8,897 | +51.0% |
| Taxes | 450/3 | €15,360 | €24,251 | +€8,891 | +57.9% |
| Remuneration and social security | 454/9 | €2,073 | €2,080 | +€6 | +0.3% |
| Other amounts payable | 47/48 | €23,523 | €12,273 | -€11,250 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,865 | €2,254 | +€389 | +20.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €27,862 | €44,969 | +€17,107 | +61.4% |
| Operating profit (loss) | 9901 | €25,879 | €42,595 | +€16,716 | +64.6% |
| Financial income | 75/76B | €33 | €1 | -€31 | -96.3% |
| Recurring financial income | 75 | €33 | €1 | -€31 | -96.3% |
| Financial charges | 65/66B | €13,497 | €11,653 | -€1,845 | -13.7% |
| Recurring financial charges | 65 | €13,497 | €11,653 | -€1,845 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €12,414 | €30,944 | +€18,529 | +149% |
| Income taxes | 67/77 | €3,577 | €10,768 | +€7,190 | +201% |
| Profit (loss) for the period | 9904 | €8,837 | €20,176 | +€11,339 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €8,837 | €20,176 | +€11,339 | +128% |
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 26 October 2026 via checked.be.