VERNIEUWEN: 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.
VERNIEUWEN
Largest movements
- Stocks and contracts -€410,159
down €410,159 (-98.8%), from €415,159 to €5,000
of which Stocks: -€415,159
- Receivables within one year +€149,603
up €149,603 (+78.5%), from €190,542 to €340,145
of which Other amounts receivable: +€146,250
- Cash +€77,091
up €77,091 (+311%), from €24,804 to €101,895
mainly Stocks and contracts (+€410,159) and Depreciation (+€4,297)
- Profit (loss) carried forward -€173,627
down €173,627 (-50.9%), from €340,969 to €167,342
- Trade debts -€6,794
down €6,794 (-67.9%), from €10,008 to €3,214
- Gross operating margin -€33,320
down €33,320, from €4,817 to -€28,504
- Financial income +€5,114
up €5,114 (+402%), from €1,273 to €6,386
- Depreciation +€4,063
up €4,063 (+1,736%), from €234 to €4,297
- Taxes -€1,481
down €1,481 (-90.3%), from €1,641 to €160
- Other operating charges +€1,178
up €1,178 (+64.5%), from €1,828 to €3,006
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 | €646,828 | €465,380 | -€181,448 | -28.1% |
| Fixed assets | 21/28 | €13,160 | €9,547 | -€3,613 | -27.5% |
| Tangible fixed assets | 22/27 | €12,471 | €9,547 | -€2,923 | -23.4% |
| Furniture and vehicles | 24 | €12,471 | €9,547 | -€2,923 | -23.4% |
| Financial fixed assets | 28 | €690 | €0 | -€690 | -100% |
| Current assets | 29/58 | €633,668 | €455,833 | -€177,835 | -28.1% |
| Stocks and contracts in progress | 3 | €415,159 | €5,000 | -€410,159 | -98.8% |
| Stocks | 30/36 | €415,159 | €0 | -€415,159 | -100% |
| Contracts in progress | 37 | €0 | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €190,542 | €340,145 | +€149,603 | +78.5% |
| Trade receivables | 40 | €158,538 | €161,891 | +€3,353 | +2.1% |
| Other amounts receivable | 41 | €32,004 | €178,253 | +€146,250 | +457% |
| Cash at bank and in hand | 54/58 | €24,804 | €101,895 | +€77,091 | +311% |
| Deferred charges and accrued income | 490/1 | €3,163 | €8,794 | +€5,630 | +178% |
| Total equity and liabilities | 10/49 | €646,828 | €465,380 | -€181,448 | -28.1% |
| Equity | 10/15 | €617,764 | €444,137 | -€173,627 | -28.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €258,203 | €258,203 | = | 0.0% |
| Distributable reserves | 133 | €258,203 | €258,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €340,969 | €167,342 | -€173,627 | -50.9% |
| Amounts payable | 17/49 | €29,064 | €21,243 | -€7,821 | -26.9% |
| Amounts payable within one year | 42/48 | €29,064 | €21,243 | -€7,821 | -26.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,008 | €3,214 | -€6,794 | -67.9% |
| Suppliers | 440/4 | €10,008 | €3,214 | -€6,794 | -67.9% |
| Taxes, remuneration and social security | 45 | €1,641 | €3,990 | +€2,349 | +143% |
| Taxes | 450/3 | €1,641 | €3,990 | +€2,349 | +143% |
| Other amounts payable | 47/48 | €17,416 | €14,039 | -€3,377 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €4,297 | +€4,063 | +1,736% |
| Other operating charges | 640/8 | €1,828 | €3,006 | +€1,178 | +64.5% |
| Gross operating margin | 9900 | €4,817 | -€28,504 | -€33,320 | |
| Operating profit (loss) | 9901 | €2,755 | -€35,807 | -€38,562 | |
| Financial income | 75/76B | €1,273 | €6,386 | +€5,114 | +402% |
| Recurring financial income | 75 | €1,273 | €6,386 | +€5,114 | +402% |
| Financial charges | 65/66B | €488 | €1,190 | +€702 | +144% |
| Recurring financial charges | 65 | €488 | €1,190 | +€702 | +144% |
| Profit (loss) for the period before taxes | 9903 | €3,540 | -€30,610 | -€34,150 | |
| Income taxes | 67/77 | €1,641 | €160 | -€1,481 | -90.3% |
| Profit (loss) for the period | 9904 | €1,899 | -€30,770 | -€32,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,899 | -€30,770 | -€32,669 |
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 18 October 2026 via checked.be.