VERPETCON: 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.
VERPETCON
Largest movements
- Receivables within one year +€48,734
up €48,734 (+44.3%), from €109,940 to €158,674
of which Other amounts receivable: +€44,067
- Tangible fixed assets -€40,895
down €40,895 (-67.9%), from €60,251 to €19,356
of which Furniture and vehicles: -€37,591
- Cash -€4,560
down €4,560 (-1.7%), from €269,779 to €265,218
mainly Receivables within one year (-€48,734) and Trade debts (-€7,276)
- Reserves +€60,140
up €60,140 (+17.8%), from €338,659 to €398,799
- Profit (loss) carried forward -€56,322
down €56,322 (-74.8%), from €75,322 to €19,000
- Trade debts -€7,276
down €7,276 (-61.2%), from €11,891 to €4,615
- Tax, wage and social debts +€7,010
up €7,010 (+104.1%), from €6,733 to €13,743
- Gross operating margin +€45,593
up €45,593, from -€18,248 to €27,345
- Depreciation -€9,813
down €9,813 (-46.6%), from €21,039 to €11,227
- Other operating charges -€4,810
down €4,810 (-48.8%), from €9,858 to €5,048
- Taxes -€2,075
down €2,075 (-88.6%), from €2,343 to €268
- Financial charges -€1,793
down €1,793 (-87.8%), from €2,043 to €249
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 | €446,035 | €449,551 | +€3,516 | +0.8% |
| Fixed assets | 21/28 | €65,401 | €24,506 | -€40,895 | -62.5% |
| Tangible fixed assets | 22/27 | €60,251 | €19,356 | -€40,895 | -67.9% |
| Plant, machinery and equipment | 23 | €14,652 | €11,348 | -€3,304 | -22.5% |
| Furniture and vehicles | 24 | €45,599 | €8,008 | -€37,591 | -82.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €380,634 | €425,045 | +€44,411 | +11.7% |
| Amounts receivable within one year | 40/41 | €109,940 | €158,674 | +€48,734 | +44.3% |
| Trade receivables | 40 | €20,079 | €24,746 | +€4,667 | +23.2% |
| Other amounts receivable | 41 | €89,861 | €133,928 | +€44,067 | +49.0% |
| Cash at bank and in hand | 54/58 | €269,779 | €265,218 | -€4,560 | -1.7% |
| Deferred charges and accrued income | 490/1 | €915 | €1,152 | +€237 | +25.9% |
| Total equity and liabilities | 10/49 | €446,035 | €449,551 | +€3,516 | +0.8% |
| Equity | 10/15 | €427,375 | €431,193 | +€3,818 | +0.9% |
| Contributions | 10/11 | €13,394 | €13,394 | = | 0.0% |
| Reserves | 13 | €338,659 | €398,799 | +€60,140 | +17.8% |
| Distributable reserves | 133 | €338,659 | €398,799 | +€60,140 | +17.8% |
| Profit (loss) carried forward | 14 | €75,322 | €19,000 | -€56,322 | -74.8% |
| Amounts payable | 17/49 | €18,660 | €18,357 | -€302 | -1.6% |
| Amounts payable within one year | 42/48 | €18,623 | €18,357 | -€266 | -1.4% |
| Trade debts | 44 | €11,891 | €4,615 | -€7,276 | -61.2% |
| Suppliers | 440/4 | €11,891 | €4,615 | -€7,276 | -61.2% |
| Taxes, remuneration and social security | 45 | €6,733 | €13,743 | +€7,010 | +104.1% |
| Taxes | 450/3 | €6,733 | €13,743 | +€7,010 | +104.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €37 | €0 | -€37 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,039 | €11,227 | -€9,813 | -46.6% |
| Other operating charges | 640/8 | €9,858 | €5,048 | -€4,810 | -48.8% |
| Non-recurring operating charges | 66A | €7,184 | €12,668 | +€5,484 | +76.3% |
| Gross operating margin | 9900 | -€18,248 | €27,345 | +€45,593 | |
| Operating profit (loss) | 9901 | -€56,329 | -€1,598 | +€54,732 | +97.2% |
| Financial income | 75/76B | €5,837 | €5,933 | +€96 | +1.6% |
| Recurring financial income | 75 | €5,837 | €5,933 | +€96 | +1.6% |
| Financial charges | 65/66B | €2,043 | €249 | -€1,793 | -87.8% |
| Recurring financial charges | 65 | €2,043 | €249 | -€1,793 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | -€52,535 | €4,086 | +€56,621 | |
| Income taxes | 67/77 | €2,343 | €268 | -€2,075 | -88.6% |
| Profit (loss) for the period | 9904 | -€54,878 | €3,818 | +€58,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,878 | €3,818 | +€58,696 |
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 10 October 2026 via checked.be.