VERNIKO: what changed
Two fiscal 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.
VERNIKO
Largest movements
- Deferred charges and accrued income +€28,098
up €28,098 (+416.0%), from €6,754 to €34,852
- Tangible fixed assets -€24,706
down €24,706 (-7.4%), from €331,671 to €306,965
of which Land and buildings: -€13,135
- Cash -€5,836
down €5,836 (-9.3%), from €63,043 to €57,207
mainly Deferred charges and accrued income (-€28,098) and Other debts (-€9,552)
- Other debts -€9,552
down €9,552 (-3.2%), from €300,677 to €291,124
- Trade debts +€4,344
up €4,344 (+361.2%), from €1,203 to €5,546
- Gross operating margin -€26,294
down €26,294 (-46.6%), from €56,436 to €30,142
- Financial income +€24,068
up €24,068 (+39288.6%), from €61 to €24,129
of which Non-recurring financial income: +€24,069
- Depreciation -€4,157
down €4,157 (-12.7%), from €32,796 to €28,639
- Other operating charges +€3,503
up €3,503 (+50.0%), from €7,001 to €10,504
- Financial charges +€2,596
up €2,596 (+28.6%), from €9,065 to €11,661
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.
Cash bridge derived
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 | €403,503 | €401,715 | -€1,788 | -0.4% |
| Fixed assets | 21/28 | €331,671 | €306,965 | -€24,706 | -7.4% |
| Tangible fixed assets | 22/27 | €331,671 | €306,965 | -€24,706 | -7.4% |
| Land and buildings | 22 | €318,214 | €305,079 | -€13,135 | -4.1% |
| Plant, machinery and equipment | 23 | €2,161 | €1,450 | -€711 | -32.9% |
| Furniture and vehicles | 24 | €11,296 | €436 | -€10,860 | -96.1% |
| Current assets | 29/58 | €71,832 | €94,750 | +€22,918 | +31.9% |
| Amounts receivable within one year | 40/41 | €2,035 | €2,691 | +€657 | +32.3% |
| Trade receivables | 40 | €1,823 | €2,188 | +€365 | +20.0% |
| Other amounts receivable | 41 | €212 | €504 | +€292 | +137.6% |
| Cash at bank and in hand | 54/58 | €63,043 | €57,207 | -€5,836 | -9.3% |
| Deferred charges and accrued income | 490/1 | €6,754 | €34,852 | +€28,098 | +416.0% |
| Total equity and liabilities | 10/49 | €403,503 | €401,715 | -€1,788 | -0.4% |
| Equity | 10/15 | €97,838 | €100,801 | +€2,963 | +3.0% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,762 | -€117,799 | +€2,963 | +2.5% |
| Amounts payable | 17/49 | €305,665 | €300,914 | -€4,751 | -1.6% |
| Amounts payable within one year | 42/48 | €305,665 | €300,914 | -€4,751 | -1.6% |
| Trade debts | 44 | €1,203 | €5,546 | +€4,344 | +361.2% |
| Suppliers | 440/4 | €1,203 | €5,546 | +€4,344 | +361.2% |
| Taxes, remuneration and social security | 45 | €3,785 | €4,243 | +€458 | +12.1% |
| Taxes | 450/3 | €3,785 | €3,043 | -€742 | -19.6% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €300,677 | €291,124 | -€9,552 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,796 | €28,639 | -€4,157 | -12.7% |
| Other operating charges | 640/8 | €7,001 | €10,504 | +€3,503 | +50.0% |
| Gross operating margin | 9900 | €56,436 | €30,142 | -€26,294 | -46.6% |
| Operating profit (loss) | 9901 | €16,638 | -€9,002 | -€25,640 | |
| Financial income | 75/76B | €61 | €24,129 | +€24,068 | +39288.6% |
| Recurring financial income | 75 | €61 | €60 | -€1 | -1.6% |
| Non-recurring financial income | 76B | - | €24,069 | +€24,069 | |
| Financial charges | 65/66B | €9,065 | €11,661 | +€2,596 | +28.6% |
| Recurring financial charges | 65 | €9,065 | €11,661 | +€2,596 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €7,634 | €3,467 | -€4,167 | -54.6% |
| Income taxes | 67/77 | €806 | €504 | -€302 | -37.5% |
| Profit (loss) for the period | 9904 | €6,828 | €2,963 | -€3,865 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,828 | €2,963 | -€3,865 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.