VEROPHIE: what changed
VEROPHIE
Largest movements
- Cash -€255,375
down €255,375 (-78.5%), from €325,424 to €70,049
mainly Investment in fixed assets (net) (-€202,863) and Trade debts (-€37,947)
- Tangible fixed assets +€202,481
up €202,481 (+200%), from €101,032 to €303,513
of which Assets under construction and advance payments: +€202,863
- Trade debts -€37,947
down €37,947 (-89.2%), from €42,519 to €4,572
- Profit (loss) carried forward -€16,462
down €16,462 (-63.2%), from -€26,048 to -€42,510
- Gross operating margin -€798
down €798 (-6.0%), from -€13,239 to -€14,037
- Other operating charges +€746
up €746 (+66.3%), from €1,125 to €1,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,900 | €402,715 | -€54,185 | -11.9% |
| Fixed assets | 21/28 | €101,032 | €303,513 | +€202,481 | +200% |
| Tangible fixed assets | 22/27 | €101,032 | €303,513 | +€202,481 | +200% |
| Land and buildings | 22 | €30,475 | €30,475 | = | 0.0% |
| Furniture and vehicles | 24 | €557 | €175 | -€382 | -68.6% |
| Assets under construction and advance payments | 27 | €70,000 | €272,863 | +€202,863 | +290% |
| Current assets | 29/58 | €355,868 | €99,202 | -€256,666 | -72.1% |
| Amounts receivable within one year | 40/41 | €24,940 | €26,200 | +€1,260 | +5.1% |
| Trade receivables | 40 | - | €2,661 | +€2,661 | |
| Other amounts receivable | 41 | €24,940 | €23,539 | -€1,401 | -5.6% |
| Cash at bank and in hand | 54/58 | €325,424 | €70,049 | -€255,375 | -78.5% |
| Deferred charges and accrued income | 490/1 | €5,505 | €2,953 | -€2,552 | -46.4% |
| Total equity and liabilities | 10/49 | €456,900 | €402,715 | -€54,185 | -11.9% |
| Equity | 10/15 | €383,085 | €366,623 | -€16,462 | -4.3% |
| Contributions | 10/11 | €255,555 | €255,555 | = | 0.0% |
| Reserves | 13 | €153,578 | €153,578 | = | 0.0% |
| Distributable reserves | 133 | €153,578 | €153,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,048 | -€42,510 | -€16,462 | -63.2% |
| Amounts payable | 17/49 | €73,815 | €36,092 | -€37,723 | -51.1% |
| Amounts payable within one year | 42/48 | €73,815 | €36,092 | -€37,723 | -51.1% |
| Trade debts | 44 | €42,519 | €4,572 | -€37,947 | -89.2% |
| Suppliers | 440/4 | €42,519 | €4,572 | -€37,947 | -89.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,296 | €31,520 | +€224 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382 | €382 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,125 | €1,870 | +€746 | +66.3% |
| Gross operating margin | 9900 | -€13,239 | -€14,037 | -€798 | -6.0% |
| Operating profit (loss) | 9901 | -€14,746 | -€16,289 | -€1,544 | -10.5% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €161 | €173 | +€12 | +7.3% |
| Recurring financial charges | 65 | €161 | €173 | +€12 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,894 | -€16,462 | -€1,569 | -10.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,894 | -€16,462 | -€1,569 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,894 | -€16,462 | -€1,569 | -10.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.