Vernet: 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.
Vernet
Largest movements
- Tangible fixed assets +€549,979
up €549,979 (+2,513%), from €21,885 to €571,863
of which Land and buildings: +€537,111
- Cash +€71,349
up €71,349 (+3,036%), from €2,350 to €73,699
mainly Contributions, distributions and other (+€540,610) and Debts after one year (+€113,131)
- Revaluation surpluses +€540,610
new in 2025: €540,610
- Debts after one year +€113,131
up €113,131 (+684%), from €16,550 to €129,680
of which Other amounts payable: +€117,680
- Profit (loss) carried forward -€24,064
down €24,064 (-65.4%), from -€36,802 to -€60,866
- Tax, wage and social debts +€7,471
up €7,471 (+92.0%), from €8,121 to €15,592
of which Remuneration and social security: +€8,592
- Accrued charges and deferred income -€7,200
down €7,200 (-75.0%), from €9,600 to €2,400
- Write-downs -€41,500
no longer reported in 2025 (was €41,500)
- Gross operating margin -€17,941
down €17,941, from €6,389 to -€11,552
- Depreciation +€2,781
up €2,781 (+65.6%), from €4,236 to €7,017
- Financial charges -€926
down €926 (-58.0%), from €1,597 to €671
- Other operating charges +€863
up €863 (+34.7%), from €2,485 to €3,349
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 | €49,678 | €677,638 | +€627,961 | +1,264% |
| Fixed assets | 21/28 | €21,920 | €572,066 | +€550,146 | +2,510% |
| Tangible fixed assets | 22/27 | €21,885 | €571,863 | +€549,979 | +2,513% |
| Land and buildings | 22 | €19,889 | €557,000 | +€537,111 | +2,700% |
| Furniture and vehicles | 24 | €231 | €13,425 | +€13,194 | +5,706% |
| Other tangible fixed assets | 26 | €1,764 | €1,438 | -€326 | -18.5% |
| Financial fixed assets | 28 | €35 | €203 | +€168 | +478% |
| Current assets | 29/58 | €27,758 | €105,572 | +€77,814 | +280% |
| Stocks and contracts in progress | 3 | €18,166 | €18,166 | = | 0.0% |
| Stocks | 30/36 | €18,166 | €18,166 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,954 | €12,116 | +€6,163 | +104% |
| Trade receivables | 40 | €5,942 | €11,637 | +€5,695 | +95.8% |
| Other amounts receivable | 41 | €11 | €479 | +€468 | +4,168% |
| Cash at bank and in hand | 54/58 | €2,350 | €73,699 | +€71,349 | +3,036% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,590 | +€303 | +23.5% |
| Total equity and liabilities | 10/49 | €49,678 | €677,638 | +€627,961 | +1,264% |
| Equity | 10/15 | -€16,351 | €500,195 | +€516,546 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | - | €540,610 | +€540,610 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,802 | -€60,866 | -€24,064 | -65.4% |
| Amounts payable | 17/49 | €66,029 | €177,443 | +€111,414 | +169% |
| Amounts payable after more than one year | 17 | €16,550 | €129,680 | +€113,131 | +684% |
| Financial debts | 170/4 | €4,550 | - | -€4,550 | |
| Other amounts payable | 178/9 | €12,000 | €129,680 | +€117,680 | +981% |
| Amounts payable within one year | 42/48 | €39,879 | €45,363 | +€5,484 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €8,793 | €4,550 | -€4,243 | -48.3% |
| Trade debts | 44 | €1,604 | €1,129 | -€475 | -29.6% |
| Suppliers | 440/4 | €1,604 | €1,129 | -€475 | -29.6% |
| Taxes, remuneration and social security | 45 | €8,121 | €15,592 | +€7,471 | +92.0% |
| Taxes | 450/3 | €2,136 | €1,015 | -€1,121 | -52.5% |
| Remuneration and social security | 454/9 | €5,985 | €14,577 | +€8,592 | +144% |
| Other amounts payable | 47/48 | €21,361 | €24,092 | +€2,731 | +12.8% |
| Accrued charges and deferred income | 492/3 | €9,600 | €2,400 | -€7,200 | -75.0% |
| Non-recurring operating income | 76A | - | €23 | +€23 | |
| Remuneration, social security and pensions | 62 | €1,616 | €1,472 | -€144 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,236 | €7,017 | +€2,781 | +65.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,500 | - | -€41,500 | |
| Other operating charges | 640/8 | €2,485 | €3,349 | +€863 | +34.7% |
| Gross operating margin | 9900 | €6,389 | -€11,552 | -€17,941 | |
| Operating profit (loss) | 9901 | -€43,448 | -€23,389 | +€20,059 | +46.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,597 | €671 | -€926 | -58.0% |
| Recurring financial charges | 65 | €1,597 | €671 | -€926 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,045 | -€24,060 | +€20,985 | +46.6% |
| Income taxes | 67/77 | €136 | €4 | -€132 | -97.4% |
| Profit (loss) for the period | 9904 | -€45,181 | -€24,064 | +€21,117 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,181 | -€24,064 | +€21,117 | +46.7% |
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 14 October 2026 via checked.be.