VERNIMODE: 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.
VERNIMODE
Largest movements
- Cash +€18,968
up €18,968 (+50353.8%), from €38 to €19,006
mainly Other debts (+€40,100) and Stocks and contracts (+€10,806)
- Stocks and contracts -€10,806
down €10,806 (-11.8%), from €91,331 to €80,525
- Receivables within one year +€7,575
up €7,575 (+52.8%), from €14,355 to €21,930
of which Trade receivables: +€7,245
- Tangible fixed assets -€3,119
down €3,119 (-17.8%), from €17,490 to €14,371
- Other debts +€40,100
up €40,100 (+24.5%), from €163,875 to €203,975
- Profit (loss) carried forward -€15,066
down €15,066 (-17.9%), from -€83,951 to -€99,017
- Trade debts -€12,212
down €12,212 (-52.7%), from €23,165 to €10,953
- Gross operating margin +€19,513
up €19,513 (+62.5%), from -€31,233 to -€11,721
- Other operating charges -€387
down €387 (-78.5%), from €494 to €106
- Taxes -€346
down €346, from €167 to -€179
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 | €126,923 | €139,585 | +€12,662 | +10.0% |
| Fixed assets | 21/28 | €20,490 | €17,371 | -€3,119 | -15.2% |
| Tangible fixed assets | 22/27 | €17,490 | €14,371 | -€3,119 | -17.8% |
| Furniture and vehicles | 24 | €17,490 | €14,371 | -€3,119 | -17.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €106,433 | €122,214 | +€15,781 | +14.8% |
| Stocks and contracts in progress | 3 | €91,331 | €80,525 | -€10,806 | -11.8% |
| Stocks | 30/36 | €91,331 | €80,525 | -€10,806 | -11.8% |
| Amounts receivable within one year | 40/41 | €14,355 | €21,930 | +€7,575 | +52.8% |
| Trade receivables | 40 | €9,196 | €16,441 | +€7,245 | +78.8% |
| Other amounts receivable | 41 | €5,160 | €5,490 | +€330 | +6.4% |
| Cash at bank and in hand | 54/58 | €38 | €19,006 | +€18,968 | +50353.8% |
| Deferred charges and accrued income | 490/1 | €709 | €753 | +€44 | +6.2% |
| Total equity and liabilities | 10/49 | €126,923 | €139,585 | +€12,662 | +10.0% |
| Equity | 10/15 | -€65,359 | -€80,425 | -€15,066 | -23.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,951 | -€99,017 | -€15,066 | -17.9% |
| Amounts payable | 17/49 | €192,282 | €220,010 | +€27,728 | +14.4% |
| Amounts payable within one year | 42/48 | €192,282 | €220,010 | +€27,728 | +14.4% |
| Trade debts | 44 | €23,165 | €10,953 | -€12,212 | -52.7% |
| Suppliers | 440/4 | €23,165 | €10,953 | -€12,212 | -52.7% |
| Advances received on contracts in progress | 46 | €5,082 | €5,082 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €160 | - | -€160 | |
| Taxes | 450/3 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €163,875 | €203,975 | +€40,100 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,383 | €3,119 | -€264 | -7.8% |
| Other operating charges | 640/8 | €494 | €106 | -€387 | -78.5% |
| Gross operating margin | 9900 | -€31,233 | -€11,721 | +€19,513 | +62.5% |
| Operating profit (loss) | 9901 | -€35,110 | -€14,946 | +€20,164 | +57.4% |
| Financial income | 75/76B | €90 | €7 | -€82 | -91.8% |
| Recurring financial income | 75 | €90 | €7 | -€82 | -91.8% |
| Financial charges | 65/66B | €328 | €307 | -€20 | -6.2% |
| Recurring financial charges | 65 | €328 | €307 | -€20 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,348 | -€15,246 | +€20,102 | +56.9% |
| Income taxes | 67/77 | €167 | -€179 | -€346 | |
| Profit (loss) for the period | 9904 | -€35,515 | -€15,066 | +€20,448 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,515 | -€15,066 | +€20,448 | +57.6% |
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 29 September 2026 via checked.be.