VERNOVA: 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.
VERNOVA
Largest movements
- Tangible fixed assets -€20,978
down €20,978 (-3.5%), from €598,389 to €577,411
of which Land and buildings: -€11,299
- Cash +€16,483
up €16,483 (+42.5%), from €38,745 to €55,229
mainly Depreciation (+€20,978) and Trade debts (+€692)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€9,206
down €9,206 (-30.4%), from €30,273 to €21,067
- Financial income -€1,168
down €1,168 (-96.7%), from €1,208 to €40
- Other operating charges -€414
down €414 (-7.3%), from €5,676 to €5,262
- Depreciation -€369
down €369 (-1.7%), from €21,347 to €20,978
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 | €637,588 | €633,101 | -€4,487 | -0.7% |
| Fixed assets | 21/28 | €598,389 | €577,411 | -€20,978 | -3.5% |
| Tangible fixed assets | 22/27 | €598,389 | €577,411 | -€20,978 | -3.5% |
| Land and buildings | 22 | €548,985 | €537,686 | -€11,299 | -2.1% |
| Plant, machinery and equipment | 23 | €49,404 | €39,725 | -€9,679 | -19.6% |
| Current assets | 29/58 | €39,199 | €55,690 | +€16,491 | +42.1% |
| Amounts receivable within one year | 40/41 | €8 | €20 | +€12 | +141.6% |
| Other amounts receivable | 41 | €8 | €20 | +€12 | +141.6% |
| Cash at bank and in hand | 54/58 | €38,745 | €55,229 | +€16,483 | +42.5% |
| Deferred charges and accrued income | 490/1 | €445 | €441 | -€5 | -1.0% |
| Total equity and liabilities | 10/49 | €637,588 | €633,101 | -€4,487 | -0.7% |
| Equity | 10/15 | €272,084 | €268,333 | -€3,751 | -1.4% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €134,638 | €130,352 | -€4,285 | -3.2% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,346 | €107,060 | -€4,285 | -3.8% |
| Distributable reserves | 133 | €4,700 | €4,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,474 | -€47,939 | +€535 | +1.1% |
| Provisions and deferred taxes | 16 | €37,115 | €35,687 | -€1,428 | -3.8% |
| Deferred taxes | 168 | €37,115 | €35,687 | -€1,428 | -3.8% |
| Amounts payable | 17/49 | €328,390 | €329,081 | +€692 | +0.2% |
| Amounts payable within one year | 42/48 | €328,390 | €329,081 | +€692 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €262 | €953 | +€692 | +264.2% |
| Suppliers | 440/4 | €262 | €953 | +€692 | +264.2% |
| Other amounts payable | 47/48 | €328,128 | €328,128 | = | 0.0% |
| Non-recurring operating income | 76A | €4,810 | €0 | -€4,810 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,347 | €20,978 | -€369 | -1.7% |
| Other operating charges | 640/8 | €5,676 | €5,262 | -€414 | -7.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,273 | €21,067 | -€9,206 | -30.4% |
| Operating profit (loss) | 9901 | €3,249 | -€5,174 | -€8,423 | |
| Financial income | 75/76B | €1,208 | €40 | -€1,168 | -96.7% |
| Recurring financial income | 75 | €1,208 | €40 | -€1,168 | -96.7% |
| Financial charges | 65/66B | €104 | €45 | -€59 | -56.8% |
| Recurring financial charges | 65 | €104 | €45 | -€59 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €4,353 | -€5,179 | -€9,533 | |
| Transfer from deferred taxes | 780 | €1,428 | €1,428 | = | 0.0% |
| Profit (loss) for the period | 9904 | €5,782 | -€3,751 | -€9,533 | |
| Transfer from tax-exempt reserves | 789 | €4,285 | €4,285 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,067 | €535 | -€9,533 | -94.7% |
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 4 October 2026 via checked.be.