Verreet Werner: 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.
Verreet Werner
Largest movements
- Cash -€10,342
down €10,342 (-33.9%), from €30,482 to €20,140
mainly Other debts (-€10,670) and Debts after one year (-€7,765)
- Tangible fixed assets -€9,392
down €9,392 (-26.2%), from €35,875 to €26,483
of which Furniture and vehicles: -€7,769
- Receivables within one year -€6,244
down €6,244 (-49.4%), from €12,640 to €6,395
of which Trade receivables: -€6,002
- Other debts -€10,670
down €10,670 (-99.9%), from €10,676 to €7
- Debts after one year -€7,765
down €7,765 (-31.2%), from €24,904 to €17,139
- Profit (loss) carried forward -€7,187
new in 2025: -€7,187
- Trade debts -€1,079
down €1,079 (-43.7%), from €2,468 to €1,389
- Gross operating margin -€12,400
down €12,400 (-70.3%), from €17,644 to €5,244
- Taxes -€1,339
down €1,339 (-82.7%), from €1,619 to €280
- Depreciation +€541
up €541 (+6.1%), from €8,851 to €9,392
- Other operating charges -€273
down €273 (-18.1%), from €1,506 to €1,232
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 | €80,044 | €53,629 | -€26,416 | -33.0% |
| Fixed assets | 21/28 | €35,875 | €26,483 | -€9,392 | -26.2% |
| Tangible fixed assets | 22/27 | €35,875 | €26,483 | -€9,392 | -26.2% |
| Land and buildings | 22 | €2,067 | €1,170 | -€897 | -43.4% |
| Plant, machinery and equipment | 23 | €2,267 | €1,540 | -€727 | -32.1% |
| Furniture and vehicles | 24 | €31,541 | €23,773 | -€7,769 | -24.6% |
| Current assets | 29/58 | €44,169 | €27,146 | -€17,023 | -38.5% |
| Stocks and contracts in progress | 3 | €37 | - | -€37 | |
| Stocks | 30/36 | €37 | - | -€37 | |
| Amounts receivable within one year | 40/41 | €12,640 | €6,395 | -€6,244 | -49.4% |
| Trade receivables | 40 | €9,257 | €3,255 | -€6,002 | -64.8% |
| Other amounts receivable | 41 | €3,383 | €3,141 | -€242 | -7.2% |
| Cash at bank and in hand | 54/58 | €30,482 | €20,140 | -€10,342 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | €610 | -€400 | -39.6% |
| Total equity and liabilities | 10/49 | €80,044 | €53,629 | -€26,416 | -33.0% |
| Equity | 10/15 | €29,715 | €22,529 | -€7,187 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,115 | €11,115 | = | 0.0% |
| Distributable reserves | 133 | €11,115 | €11,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,187 | -€7,187 | |
| Amounts payable | 17/49 | €50,329 | €31,100 | -€19,229 | -38.2% |
| Amounts payable after more than one year | 17 | €24,904 | €17,139 | -€7,765 | -31.2% |
| Financial debts | 170/4 | €24,904 | €17,139 | -€7,765 | -31.2% |
| Amounts payable within one year | 42/48 | €23,025 | €11,560 | -€11,464 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €7,480 | €7,765 | +€285 | +3.8% |
| Trade debts | 44 | €2,468 | €1,389 | -€1,079 | -43.7% |
| Suppliers | 440/4 | €2,468 | €1,389 | -€1,079 | -43.7% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,400 | = | 0.0% |
| Taxes | 450/3 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €10,676 | €7 | -€10,670 | -99.9% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,400 | = | 0.0% |
| Non-recurring operating income | 76A | €5,413 | €20,500 | +€15,087 | +279% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,851 | €9,392 | +€541 | +6.1% |
| Other operating charges | 640/8 | €1,506 | €1,232 | -€273 | -18.1% |
| Gross operating margin | 9900 | €17,644 | €5,244 | -€12,400 | -70.3% |
| Operating profit (loss) | 9901 | €7,287 | -€5,381 | -€12,668 | |
| Financial charges | 65/66B | €1,519 | €1,526 | +€7 | +0.4% |
| Recurring financial charges | 65 | €1,519 | €1,526 | +€7 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €5,767 | -€6,907 | -€12,674 | |
| Income taxes | 67/77 | €1,619 | €280 | -€1,339 | -82.7% |
| Profit (loss) for the period | 9904 | €4,149 | -€7,187 | -€11,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,149 | -€7,187 | -€11,335 |
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 18 October 2026 via checked.be.