VERNET GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€814,195
up €814,195 (+24,591%), from €3,311 to €817,506
of which Land and buildings: +€814,784
- Deferred charges and accrued income +€109,272
up €109,272 (+1,910%), from €5,720 to €114,992
- Cash -€64,279
down €64,279 (-11.9%), from €540,103 to €475,824
mainly Investment in fixed assets (net) (-€923,531) and Deferred charges and accrued income (-€109,272)
- Receivables within one year +€23,479
up €23,479 (+248%), from €9,484 to €32,963
of which Trade receivables: +€18,662
- Debts after one year +€591,512
new in 2024: €591,512
- Trade debts +€210,085
up €210,085 (+57.9%), from €362,605 to €572,690
- Current portion of long-term debt +€42,706
up €42,706 (+611%), from €6,993 to €49,699
- Reserves +€40,000
up €40,000 (+33.7%), from €118,860 to €158,860
of which Distributable reserves: +€40,000
- Gross operating margin +€134,389
up €134,389 (+43.2%), from €310,889 to €445,278
- Depreciation +€106,668
up €106,668 (+1,818%), from €5,868 to €112,536
- Write-downs +€33,649
new in 2024: €33,649
- Staff costs -€13,545
down €13,545 (-5.9%), from €228,573 to €215,028
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,546 | €1,468,442 | +€887,896 | +153% |
| Fixed assets | 21/28 | €14,383 | €825,378 | +€810,995 | +5,639% |
| Intangible fixed assets | 21 | €9,600 | €6,400 | -€3,200 | -33.3% |
| Tangible fixed assets | 22/27 | €3,311 | €817,506 | +€814,195 | +24,591% |
| Land and buildings | 22 | - | €814,784 | +€814,784 | |
| Furniture and vehicles | 24 | €1,338 | €1,383 | +€45 | +3.4% |
| Other tangible fixed assets | 26 | €1,973 | €1,339 | -€634 | -32.1% |
| Financial fixed assets | 28 | €1,472 | €1,472 | = | 0.0% |
| Current assets | 29/58 | €566,163 | €643,064 | +€76,901 | +13.6% |
| Stocks and contracts in progress | 3 | €10,856 | €19,285 | +€8,429 | +77.6% |
| Stocks | 30/36 | €10,856 | €19,285 | +€8,429 | +77.6% |
| Amounts receivable within one year | 40/41 | €9,484 | €32,963 | +€23,479 | +248% |
| Trade receivables | 40 | €5,841 | €24,503 | +€18,662 | +320% |
| Other amounts receivable | 41 | €3,643 | €8,460 | +€4,817 | +132% |
| Cash at bank and in hand | 54/58 | €540,103 | €475,824 | -€64,279 | -11.9% |
| Deferred charges and accrued income | 490/1 | €5,720 | €114,992 | +€109,272 | +1,910% |
| Total equity and liabilities | 10/49 | €580,546 | €1,468,442 | +€887,896 | +153% |
| Equity | 10/15 | €160,778 | €203,136 | +€42,358 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,860 | €158,860 | +€40,000 | +33.7% |
| 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 | €117,000 | €157,000 | +€40,000 | +34.2% |
| Profit (loss) carried forward | 14 | €23,318 | €25,676 | +€2,358 | +10.1% |
| Amounts payable | 17/49 | €419,768 | €1,265,306 | +€845,538 | +201% |
| Amounts payable after more than one year | 17 | - | €591,512 | +€591,512 | |
| Financial debts | 170/4 | - | €591,512 | +€591,512 | |
| Amounts payable within one year | 42/48 | €408,252 | €660,201 | +€251,949 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €6,993 | €49,699 | +€42,706 | +611% |
| Trade debts | 44 | €362,605 | €572,690 | +€210,085 | +57.9% |
| Suppliers | 440/4 | €362,605 | €572,690 | +€210,085 | +57.9% |
| Taxes, remuneration and social security | 45 | €37,831 | €36,975 | -€856 | -2.3% |
| Taxes | 450/3 | €17,506 | €16,858 | -€648 | -3.7% |
| Remuneration and social security | 454/9 | €20,325 | €20,117 | -€208 | -1.0% |
| Other amounts payable | 47/48 | €823 | €837 | +€14 | +1.7% |
| Accrued charges and deferred income | 492/3 | €11,516 | €13,593 | +€2,077 | +18.0% |
| Non-recurring operating income | 76A | €3 | €15,308 | +€15,305 | +510,167% |
| Remuneration, social security and pensions | 62 | €228,573 | €215,028 | -€13,545 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,868 | €112,536 | +€106,668 | +1,818% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,649 | +€33,649 | |
| Other operating charges | 640/8 | €4,013 | €2,970 | -€1,043 | -26.0% |
| Non-recurring operating charges | 66A | €2 | €128 | +€126 | +6,300% |
| Gross operating margin | 9900 | €310,889 | €445,278 | +€134,389 | +43.2% |
| Operating profit (loss) | 9901 | €72,433 | €80,967 | +€8,534 | +11.8% |
| Financial income | 75/76B | €11 | €69 | +€58 | +527% |
| Recurring financial income | 75 | €11 | €69 | +€58 | +527% |
| Financial charges | 65/66B | €15,133 | €14,320 | -€813 | -5.4% |
| Recurring financial charges | 65 | €15,133 | €14,320 | -€813 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €57,311 | €66,716 | +€9,405 | +16.4% |
| Income taxes | 67/77 | €22,318 | €24,358 | +€2,040 | +9.1% |
| Profit (loss) for the period | 9904 | €34,993 | €42,358 | +€7,365 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,993 | €42,358 | +€7,365 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.