Verneert: 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.
Verneert
Largest movements
- Tangible fixed assets +€244,775
up €244,775 (+158%), from €154,856 to €399,631
of which Land and buildings: +€255,654
- Cash -€142,680
down €142,680 (-41.8%), from €341,551 to €198,871
mainly Investment in fixed assets (net) (-€281,742) and Current investments (-€136,000)
- Current investments +€136,000
up €136,000 (+349%), from €39,000 to €175,000
- Receivables within one year +€45,525
up €45,525 (+38.8%), from €117,272 to €162,797
- Contributions +€273,000
up €273,000 (+74.6%), from €366,000 to €639,000
- Reserves +€78,455
up €78,455 (+28.9%), from €271,593 to €350,048
of which Distributable reserves: +€88,214
- Trade debts -€46,662
down €46,662 (-53.9%), from €86,545 to €39,883
- Debts after one year -€30,250
down €30,250 (-86.1%), from €35,153 to €4,902
- Tax, wage and social debts +€17,113
up €17,113 (+143%), from €11,973 to €29,086
of which Taxes: +€17,411
- Gross operating margin +€21,269
up €21,269 (+6.4%), from €333,465 to €354,734
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 | €836,200 | €1,122,243 | +€286,043 | +34.2% |
| Fixed assets | 21/28 | €154,856 | €399,631 | +€244,775 | +158% |
| Tangible fixed assets | 22/27 | €154,856 | €399,631 | +€244,775 | +158% |
| Land and buildings | 22 | €70,877 | €326,531 | +€255,654 | +361% |
| Plant, machinery and equipment | 23 | €3,928 | €8,111 | +€4,184 | +107% |
| Furniture and vehicles | 24 | €80,052 | €64,989 | -€15,063 | -18.8% |
| Current assets | 29/58 | €681,344 | €722,613 | +€41,268 | +6.1% |
| Stocks and contracts in progress | 3 | €176,488 | €180,970 | +€4,482 | +2.5% |
| Stocks | 30/36 | €176,488 | €180,970 | +€4,482 | +2.5% |
| Amounts receivable within one year | 40/41 | €117,272 | €162,797 | +€45,525 | +38.8% |
| Trade receivables | 40 | €117,272 | €162,797 | +€45,525 | +38.8% |
| Current investments | 50/53 | €39,000 | €175,000 | +€136,000 | +349% |
| Cash at bank and in hand | 54/58 | €341,551 | €198,871 | -€142,680 | -41.8% |
| Deferred charges and accrued income | 490/1 | €7,034 | €4,975 | -€2,059 | -29.3% |
| Total equity and liabilities | 10/49 | €836,200 | €1,122,243 | +€286,043 | +34.2% |
| Equity | 10/15 | €637,593 | €989,048 | +€351,455 | +55.1% |
| Contributions | 10/11 | €366,000 | €639,000 | +€273,000 | +74.6% |
| Reserves | 13 | €271,593 | €350,048 | +€78,455 | +28.9% |
| Non-distributable reserves | 130/1 | €9,759 | - | -€9,759 | |
| Reserves not available under the articles | 1311 | €9,759 | - | -€9,759 | |
| Distributable reserves | 133 | €261,834 | €350,048 | +€88,214 | +33.7% |
| Amounts payable | 17/49 | €198,607 | €133,195 | -€65,412 | -32.9% |
| Amounts payable after more than one year | 17 | €35,153 | €4,902 | -€30,250 | -86.1% |
| Financial debts | 170/4 | €35,153 | €4,902 | -€30,250 | -86.1% |
| Amounts payable within one year | 42/48 | €155,127 | €120,516 | -€34,610 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €39,932 | €32,802 | -€7,131 | -17.9% |
| Trade debts | 44 | €86,545 | €39,883 | -€46,662 | -53.9% |
| Suppliers | 440/4 | €86,545 | €39,883 | -€46,662 | -53.9% |
| Taxes, remuneration and social security | 45 | €11,973 | €29,086 | +€17,113 | +143% |
| Taxes | 450/3 | €8,164 | €25,575 | +€17,411 | +213% |
| Remuneration and social security | 454/9 | €3,808 | €3,511 | -€298 | -7.8% |
| Other amounts payable | 47/48 | €16,677 | €18,746 | +€2,069 | +12.4% |
| Accrued charges and deferred income | 492/3 | €8,328 | €7,777 | -€551 | -6.6% |
| Non-recurring operating income | 76A | - | €4,610 | +€4,610 | |
| Remuneration, social security and pensions | 62 | €166,900 | €170,056 | +€3,156 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,624 | €36,967 | +€2,343 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,818 | €310 | +€3,129 | |
| Other operating charges | 640/8 | €11,840 | €13,750 | +€1,911 | +16.1% |
| Gross operating margin | 9900 | €333,465 | €354,734 | +€21,269 | +6.4% |
| Operating profit (loss) | 9901 | €122,919 | €133,651 | +€10,732 | +8.7% |
| Financial income | 75/76B | €5,694 | €5,679 | -€15 | -0.3% |
| Recurring financial income | 75 | €5,694 | €5,679 | -€15 | -0.3% |
| Financial charges | 65/66B | €4,016 | €4,062 | +€46 | +1.2% |
| Recurring financial charges | 65 | €4,016 | €4,062 | +€46 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €124,597 | €135,267 | +€10,670 | +8.6% |
| Income taxes | 67/77 | €38,216 | €41,104 | +€2,887 | +7.6% |
| Profit (loss) for the period | 9904 | €86,381 | €94,164 | +€7,783 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,381 | €94,164 | +€7,783 | +9.0% |
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 13 October 2026 via checked.be.