VERRE ET COUVERT: 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.
VERRE ET COUVERT
Largest movements
- Receivables within one year +€37,075
up €37,075 (+22.4%), from €165,444 to €202,519
of which Trade receivables: +€40,075
- Tangible fixed assets -€36,857
down €36,857 (-9.6%), from €382,291 to €345,435
- Cash +€25,699
up €25,699 (+7.1%), from €360,828 to €386,527
mainly Net result for the year (+€49,124) and Depreciation (+€36,857)
- Reserves +€49,124
up €49,124 (+24.9%), from €197,321 to €246,446
- Debts after one year -€33,600
down €33,600 (-29.1%), from €115,392 to €81,792
- Turnover -€2.0m
no longer reported in 2025 (was €2.0m)
- Purchases and services -€1.5m
no longer reported in 2025 (was €1.5m)
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 | €1,192,751 | €1,227,666 | +€34,915 | +2.9% |
| Fixed assets | 21/28 | €382,476 | €345,620 | -€36,856 | -9.6% |
| Tangible fixed assets | 22/27 | €382,291 | €345,435 | -€36,857 | -9.6% |
| Land and buildings | 22 | €346,057 | €329,812 | -€16,244 | -4.7% |
| Furniture and vehicles | 24 | €18,347 | €13,897 | -€4,450 | -24.3% |
| Other tangible fixed assets | 26 | €17,887 | €1,725 | -€16,162 | -90.4% |
| Financial fixed assets | 28 | €185 | €185 | +€0 | +0.2% |
| Current assets | 29/58 | €810,275 | €882,046 | +€71,771 | +8.9% |
| Stocks and contracts in progress | 3 | €284,002 | €293,000 | +€8,997 | +3.2% |
| Stocks | 30/36 | €284,002 | €293,000 | +€8,997 | +3.2% |
| Amounts receivable within one year | 40/41 | €165,444 | €202,519 | +€37,075 | +22.4% |
| Trade receivables | 40 | €144,444 | €184,519 | +€40,075 | +27.7% |
| Other amounts receivable | 41 | €21,000 | €18,000 | -€3,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €360,828 | €386,527 | +€25,699 | +7.1% |
| Total equity and liabilities | 10/49 | €1,192,751 | €1,227,666 | +€34,915 | +2.9% |
| Equity | 10/15 | €662,447 | €711,572 | +€49,125 | +7.4% |
| Contributions | 10/11 | €20,451 | €20,451 | +€0 | 0.0% |
| Reserves | 13 | €197,321 | €246,446 | +€49,124 | +24.9% |
| Distributable reserves | 133 | €197,321 | €246,446 | +€49,124 | +24.9% |
| Profit (loss) carried forward | 14 | €444,675 | €444,675 | -€0 | 0.0% |
| Amounts payable | 17/49 | €530,304 | €516,094 | -€14,210 | -2.7% |
| Amounts payable after more than one year | 17 | €115,392 | €81,792 | -€33,600 | -29.1% |
| Financial debts | 170/4 | €115,392 | €81,792 | -€33,600 | -29.1% |
| Amounts payable within one year | 42/48 | €414,911 | €434,302 | +€19,391 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €32,766 | €33,600 | +€835 | +2.5% |
| Trade debts | 44 | €89,238 | €99,215 | +€9,977 | +11.2% |
| Suppliers | 440/4 | €89,238 | €99,215 | +€9,977 | +11.2% |
| Taxes, remuneration and social security | 45 | €52,477 | €60,827 | +€8,350 | +15.9% |
| Taxes | 450/3 | €9,122 | €16,659 | +€7,537 | +82.6% |
| Remuneration and social security | 454/9 | €43,355 | €44,168 | +€813 | +1.9% |
| Other amounts payable | 47/48 | €240,430 | €240,659 | +€229 | +0.1% |
| Turnover | 70 | €1,988,066 | - | -€2.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,539,163 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €310,628 | €320,085 | +€9,457 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,357 | €36,857 | -€501 | -1.3% |
| Other operating charges | 640/8 | €1,031 | €9,134 | +€8,103 | +786% |
| Gross operating margin | 9900 | €458,759 | €467,791 | +€9,032 | +2.0% |
| Operating profit (loss) | 9901 | €109,744 | €101,716 | -€8,027 | -7.3% |
| Financial income | 75/76B | €2,276 | €1,722 | -€555 | -24.4% |
| Recurring financial income | 75 | €2,276 | €1,722 | -€555 | -24.4% |
| Financial charges | 65/66B | €24,370 | €24,620 | +€250 | +1.0% |
| Recurring financial charges | 65 | €24,370 | €24,620 | +€250 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €87,650 | €78,818 | -€8,832 | -10.1% |
| Income taxes | 67/77 | €30,774 | €29,694 | -€1,080 | -3.5% |
| Profit (loss) for the period | 9904 | €56,876 | €49,124 | -€7,751 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,876 | €49,124 | -€7,751 | -13.6% |
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 28 October 2026 via checked.be.