VERNUM: 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.
VERNUM
Largest movements
- Receivables within one year +€75,273
up €75,273 (+8,535%), from €882 to €76,155
of which Trade receivables: +€65,803
- Cash -€37,475
down €37,475 (-93.5%), from €40,062 to €2,587
mainly Receivables within one year (-€75,273) and Net result for the year (-€38,245)
- Tangible fixed assets -€13,730
down €13,730 (-79.2%), from €17,343 to €3,613
of which Other tangible fixed assets: -€7,565
- Deferred charges and accrued income -€6,035
down €6,035 (-100%), from €6,035 to €0
- Stocks and contracts -€2,570
down €2,570 (-100%), from €2,570 to €0
- Debts after one year +€33,605
new in 2025: €33,605
- Profit (loss) carried forward -€26,369
down €26,369, from €0 to -€26,369
- Trade debts +€19,610
up €19,610 (+1,252%), from €1,566 to €21,176
- Other debts -€12,869
down €12,869 (-100%), from €12,869 to €0
- Reserves -€11,876
down €11,876 (-100%), from €11,876 to €0
- Gross operating margin -€35,878
down €35,878, from €23,715 to -€12,163
- Other operating charges +€9,514
up €9,514 (+578%), from €1,646 to €11,160
- Depreciation -€5,327
down €5,327 (-87.1%), from €6,114 to €787
- Taxes -€2,971
down €2,971 (-100%), from €2,971 to €0
- Financial charges +€2,144
up €2,144 (+154%), from €1,395 to €3,538
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 | €66,891 | €82,354 | +€15,463 | +23.1% |
| Fixed assets | 21/28 | €17,343 | €3,613 | -€13,730 | -79.2% |
| Tangible fixed assets | 22/27 | €17,343 | €3,613 | -€13,730 | -79.2% |
| Plant, machinery and equipment | 23 | €7,128 | €3,398 | -€3,731 | -52.3% |
| Furniture and vehicles | 24 | €2,650 | €215 | -€2,435 | -91.9% |
| Other tangible fixed assets | 26 | €7,565 | €0 | -€7,565 | -100% |
| Current assets | 29/58 | €49,549 | €78,742 | +€29,193 | +58.9% |
| Stocks and contracts in progress | 3 | €2,570 | €0 | -€2,570 | -100% |
| Stocks | 30/36 | €2,570 | €0 | -€2,570 | -100% |
| Amounts receivable within one year | 40/41 | €882 | €76,155 | +€75,273 | +8,535% |
| Trade receivables | 40 | - | €65,803 | +€65,803 | |
| Other amounts receivable | 41 | €882 | €10,351 | +€9,469 | +1,074% |
| Cash at bank and in hand | 54/58 | €40,062 | €2,587 | -€37,475 | -93.5% |
| Deferred charges and accrued income | 490/1 | €6,035 | €0 | -€6,035 | -100% |
| Total equity and liabilities | 10/49 | €66,891 | €82,354 | +€15,463 | +23.1% |
| Equity | 10/15 | €51,876 | €13,631 | -€38,245 | -73.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €11,876 | €0 | -€11,876 | -100% |
| Distributable reserves | 133 | €11,876 | €0 | -€11,876 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€26,369 | -€26,369 | |
| Amounts payable | 17/49 | €15,015 | €68,724 | +€53,708 | +358% |
| Amounts payable after more than one year | 17 | - | €33,605 | +€33,605 | |
| Financial debts | 170/4 | - | €33,605 | +€33,605 | |
| Amounts payable within one year | 42/48 | €15,015 | €33,373 | +€18,358 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €9,506 | +€9,506 | |
| Trade debts | 44 | €1,566 | €21,176 | +€19,610 | +1,252% |
| Suppliers | 440/4 | €1,566 | €21,176 | +€19,610 | +1,252% |
| Taxes, remuneration and social security | 45 | €580 | €2,691 | +€2,110 | +364% |
| Taxes | 450/3 | €580 | €2,691 | +€2,110 | +364% |
| Other amounts payable | 47/48 | €12,869 | €0 | -€12,869 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,745 | +€1,745 | |
| Remuneration, social security and pensions | 62 | -€98 | €0 | +€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,114 | €787 | -€5,327 | -87.1% |
| Other operating charges | 640/8 | €1,646 | €11,160 | +€9,514 | +578% |
| Non-recurring operating charges | 66A | €0 | €10,780 | +€10,780 | |
| Gross operating margin | 9900 | €23,715 | -€12,163 | -€35,878 | |
| Operating profit (loss) | 9901 | €16,054 | -€34,889 | -€50,943 | |
| Financial income | 75/76B | €0 | €183 | +€182 | +79,248% |
| Recurring financial income | 75 | €0 | €183 | +€182 | +79,248% |
| Financial charges | 65/66B | €1,395 | €3,538 | +€2,144 | +154% |
| Recurring financial charges | 65 | €1,395 | €3,538 | +€2,144 | +154% |
| Profit (loss) for the period before taxes | 9903 | €14,659 | -€38,245 | -€52,904 | |
| Income taxes | 67/77 | €2,971 | €0 | -€2,971 | -100% |
| Profit (loss) for the period | 9904 | €11,689 | -€38,245 | -€49,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,689 | -€38,245 | -€49,934 |
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 14 October 2026 via checked.be.