VERPA: 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.
VERPA
Largest movements
- Cash +€3,133
up €3,133 (+57.1%), from €5,485 to €8,618
mainly Net result for the year (+€14,907) and Trade debts (+€541)
- Profit (loss) carried forward +€14,907
up €14,907 (+15.1%), from -€98,479 to -€83,572
- Debts after one year -€11,965
down €11,965 (-47.2%), from €25,365 to €13,400
- Gross operating margin -€12,303
down €12,303 (-36.2%), from €34,000 to €21,698
- Taxes -€2,725
down €2,725 (-35.4%), from €7,694 to €4,969
- Financial charges -€1,564
down €1,564 (-58.0%), from €2,698 to €1,134
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 | €306,096 | €309,954 | +€3,858 | +1.3% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €300,000 | €300,000 | = | 0.0% |
| Land and buildings | 22 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €6,096 | €9,954 | +€3,858 | +63.3% |
| Amounts receivable within one year | 40/41 | €611 | €1,336 | +€725 | +118.6% |
| Other amounts receivable | 41 | €611 | €1,336 | +€725 | +118.6% |
| Cash at bank and in hand | 54/58 | €5,485 | €8,618 | +€3,133 | +57.1% |
| Total equity and liabilities | 10/49 | €306,096 | €309,954 | +€3,858 | +1.3% |
| Equity | 10/15 | €167,206 | €182,113 | +€14,907 | +8.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €240,896 | €240,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,345 | €11,345 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,197 | €5,197 | = | 0.0% |
| Other | 1319 | €6,148 | €6,148 | = | 0.0% |
| Distributable reserves | 133 | €229,550 | €229,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,479 | -€83,572 | +€14,907 | +15.1% |
| Amounts payable | 17/49 | €138,890 | €127,841 | -€11,049 | -8.0% |
| Amounts payable after more than one year | 17 | €25,365 | €13,400 | -€11,965 | -47.2% |
| Financial debts | 170/4 | €25,365 | €13,400 | -€11,965 | -47.2% |
| Amounts payable within one year | 42/48 | €113,525 | €114,441 | +€916 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €11,589 | €11,965 | +€376 | +3.2% |
| Trade debts | 44 | €1,936 | €2,477 | +€541 | +27.9% |
| Suppliers | 440/4 | €1,936 | €2,477 | +€541 | +27.9% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Other operating charges | 640/8 | €673 | €687 | +€14 | +2.1% |
| Gross operating margin | 9900 | €34,000 | €21,698 | -€12,303 | -36.2% |
| Operating profit (loss) | 9901 | €33,327 | €21,010 | -€12,317 | -37.0% |
| Financial charges | 65/66B | €2,698 | €1,134 | -€1,564 | -58.0% |
| Recurring financial charges | 65 | €2,698 | €1,134 | -€1,564 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €30,629 | €19,876 | -€10,753 | -35.1% |
| Income taxes | 67/77 | €7,694 | €4,969 | -€2,725 | -35.4% |
| Profit (loss) for the period | 9904 | €22,935 | €14,907 | -€8,028 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,935 | €14,907 | -€8,028 | -35.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.