VERPIE: 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.
VERPIE
Largest movements
- Stocks and contracts -€11,212
down €11,212 (-25.0%), from €44,846 to €33,634
- Cash +€4,545
up €4,545 (+137.2%), from €3,313 to €7,858
mainly Other debts (+€70,277) and Stocks and contracts (+€11,212)
- Receivables within one year -€3,966
down €3,966 (-29.0%), from €13,682 to €9,716
of which Trade receivables: -€5,766
- Tangible fixed assets +€3,438
new in 2025: €3,438
of which Plant, machinery and equipment: +€1,806
- Short-term financial debts -€75,740
no longer reported in 2025 (was €75,740)
- Other debts +€70,277
new in 2025: €70,277
- Trade debts -€4,784
down €4,784 (-72.0%), from €6,641 to €1,857
- Profit (loss) carried forward +€2,115
up €2,115 (+5.1%), from -€41,862 to -€39,747
- Tax, wage and social debts +€1,071
up €1,071 (+73.1%), from €1,466 to €2,537
- Gross operating margin +€9,066
up €9,066 (+162.3%), from €5,587 to €14,653
- Taxes +€345
up €345 (+339.8%), from €102 to €447
- Depreciation +€275
new in 2025: €275
- Financial charges +€187
up €187 (+69.1%), from €271 to €458
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 | €62,445 | €55,383 | -€7,062 | -11.3% |
| Fixed assets | 21/28 | - | €3,438 | +€3,438 | |
| Tangible fixed assets | 22/27 | - | €3,438 | +€3,438 | |
| Land and buildings | 22 | - | €1,632 | +€1,632 | |
| Plant, machinery and equipment | 23 | - | €1,806 | +€1,806 | |
| Current assets | 29/58 | €62,445 | €51,945 | -€10,500 | -16.8% |
| Stocks and contracts in progress | 3 | €44,846 | €33,634 | -€11,212 | -25.0% |
| Stocks | 30/36 | €44,846 | €33,634 | -€11,212 | -25.0% |
| Amounts receivable within one year | 40/41 | €13,682 | €9,716 | -€3,966 | -29.0% |
| Trade receivables | 40 | €13,682 | €7,916 | -€5,766 | -42.1% |
| Other amounts receivable | 41 | - | €1,800 | +€1,800 | |
| Cash at bank and in hand | 54/58 | €3,313 | €7,858 | +€4,545 | +137.2% |
| Deferred charges and accrued income | 490/1 | €604 | €737 | +€133 | +22.0% |
| Total equity and liabilities | 10/49 | €62,445 | €55,383 | -€7,062 | -11.3% |
| Equity | 10/15 | -€21,402 | -€19,287 | +€2,115 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,862 | -€39,747 | +€2,115 | +5.1% |
| Amounts payable | 17/49 | €83,847 | €74,671 | -€9,176 | -10.9% |
| Amounts payable within one year | 42/48 | €83,847 | €74,671 | -€9,176 | -10.9% |
| Financial debts | 43 | €75,740 | - | -€75,740 | |
| Credit institutions | 430/8 | €75,740 | - | -€75,740 | |
| Trade debts | 44 | €6,641 | €1,857 | -€4,784 | -72.0% |
| Suppliers | 440/4 | €6,641 | €1,857 | -€4,784 | -72.0% |
| Taxes, remuneration and social security | 45 | €1,466 | €2,537 | +€1,071 | +73.1% |
| Taxes | 450/3 | €1,466 | €2,537 | +€1,071 | +73.1% |
| Other amounts payable | 47/48 | - | €70,277 | +€70,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €275 | +€275 | |
| Other operating charges | 640/8 | €132 | €147 | +€15 | +11.4% |
| Non-recurring operating charges | 66A | €14,949 | €11,212 | -€3,737 | -25.0% |
| Gross operating margin | 9900 | €5,587 | €14,653 | +€9,066 | +162.3% |
| Operating profit (loss) | 9901 | -€9,494 | €3,020 | +€12,513 | |
| Financial charges | 65/66B | €271 | €458 | +€187 | +69.1% |
| Recurring financial charges | 65 | €271 | €458 | +€187 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,765 | €2,561 | +€12,326 | |
| Income taxes | 67/77 | €102 | €447 | +€345 | +339.8% |
| Profit (loss) for the period | 9904 | -€9,866 | €2,115 | +€11,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,866 | €2,115 | +€11,981 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.