VERNICO: 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.
VERNICO
Largest movements
- Deferred charges and accrued income -€206,634
down €206,634 (-97.4%), from €212,175 to €5,542
- Tangible fixed assets -€106,029
down €106,029 (-47.9%), from €221,574 to €115,545
of which Land and buildings: -€98,990
- Stocks and contracts +€61,045
up €61,045 (+139%), from €43,905 to €104,950
- Receivables within one year +€54,564
up €54,564 (+22.0%), from €248,195 to €302,759
of which Other amounts receivable: +€43,314
- Cash +€24,679
up €24,679 (+261%), from €9,451 to €34,130
mainly Deferred charges and accrued income (+€206,634) and Depreciation (+€82,732)
- Profit (loss) carried forward -€157,502
down €157,502 (-440%), from -€35,761 to -€193,263
- Accrued charges and deferred income +€46,134
new in 2025: €46,134
- Debts after one year -€31,360
down €31,360 (-17.7%), from €177,377 to €146,017
- Other debts -€26,855
down €26,855 (-31.0%), from €86,668 to €59,814
- Current portion of long-term debt -€19,039
down €19,039 (-11.4%), from €166,352 to €147,313
- Gross operating margin -€162,754
down €162,754 (-88.2%), from €184,566 to €21,812
- Other operating charges +€46,509
up €46,509 (+1,018%), from €4,567 to €51,077
- Depreciation +€36,699
up €36,699 (+79.7%), from €46,033 to €82,732
- Staff costs -€14,960
down €14,960 (-33.8%), from €44,239 to €29,279
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 | €735,301 | €562,926 | -€172,375 | -23.4% |
| Fixed assets | 21/28 | €221,574 | €115,545 | -€106,029 | -47.9% |
| Tangible fixed assets | 22/27 | €221,574 | €115,545 | -€106,029 | -47.9% |
| Land and buildings | 22 | €132,404 | €33,415 | -€98,990 | -74.8% |
| Plant, machinery and equipment | 23 | €86,230 | €81,463 | -€4,767 | -5.5% |
| Furniture and vehicles | 24 | €232 | €667 | +€435 | +187% |
| Leasing and similar rights | 25 | €2,708 | €0 | -€2,708 | -100% |
| Current assets | 29/58 | €513,727 | €447,381 | -€66,346 | -12.9% |
| Stocks and contracts in progress | 3 | €43,905 | €104,950 | +€61,045 | +139% |
| Stocks | 30/36 | €43,905 | €104,950 | +€61,045 | +139% |
| Amounts receivable within one year | 40/41 | €248,195 | €302,759 | +€54,564 | +22.0% |
| Trade receivables | 40 | €1,392 | €12,642 | +€11,250 | +808% |
| Other amounts receivable | 41 | €246,803 | €290,117 | +€43,314 | +17.6% |
| Cash at bank and in hand | 54/58 | €9,451 | €34,130 | +€24,679 | +261% |
| Deferred charges and accrued income | 490/1 | €212,175 | €5,542 | -€206,634 | -97.4% |
| Total equity and liabilities | 10/49 | €735,301 | €562,926 | -€172,375 | -23.4% |
| Equity | 10/15 | €258,739 | €101,237 | -€157,502 | -60.9% |
| Contributions | 10/11 | €292,500 | €292,500 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,761 | -€193,263 | -€157,502 | -440% |
| Amounts payable | 17/49 | €476,562 | €461,689 | -€14,873 | -3.1% |
| Amounts payable after more than one year | 17 | €177,377 | €146,017 | -€31,360 | -17.7% |
| Financial debts | 170/4 | €177,377 | €146,017 | -€31,360 | -17.7% |
| Amounts payable within one year | 42/48 | €299,184 | €269,537 | -€29,647 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €166,352 | €147,313 | -€19,039 | -11.4% |
| Trade debts | 44 | €45,501 | €60,527 | +€15,025 | +33.0% |
| Suppliers | 440/4 | €45,501 | €60,527 | +€15,025 | +33.0% |
| Taxes, remuneration and social security | 45 | €663 | €1,884 | +€1,221 | +184% |
| Taxes | 450/3 | €663 | €684 | +€21 | +3.1% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €86,668 | €59,814 | -€26,855 | -31.0% |
| Accrued charges and deferred income | 492/3 | - | €46,134 | +€46,134 | |
| Non-recurring operating income | 76A | €8,500 | €75,541 | +€67,041 | +789% |
| Remuneration, social security and pensions | 62 | €44,239 | €29,279 | -€14,960 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,033 | €82,732 | +€36,699 | +79.7% |
| Other operating charges | 640/8 | €4,567 | €51,077 | +€46,509 | +1,018% |
| Gross operating margin | 9900 | €184,566 | €21,812 | -€162,754 | -88.2% |
| Operating profit (loss) | 9901 | €89,727 | -€141,275 | -€231,002 | |
| Financial income | 75/76B | €3,866 | €5,274 | +€1,408 | +36.4% |
| Recurring financial income | 75 | €3,866 | €5,274 | +€1,408 | +36.4% |
| Financial charges | 65/66B | €21,721 | €21,501 | -€221 | -1.0% |
| Recurring financial charges | 65 | €21,721 | €21,501 | -€221 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €71,872 | -€157,502 | -€229,373 | |
| Profit (loss) for the period | 9904 | €71,872 | -€157,502 | -€229,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,872 | -€157,502 | -€229,373 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.