VERREN: 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.
VERREN
Largest movements
- Cash +€132,188
up €132,188 (+116.5%), from €113,462 to €245,649
mainly Net result for the year (+€175,290) and Depreciation (+€105,829)
- Receivables within one year -€88,318
down €88,318 (-96.3%), from €91,697 to €3,380
of which Other amounts receivable: -€44,230
- Tangible fixed assets -€68,484
down €68,484 (-11.6%), from €591,358 to €522,874
of which Land and buildings: -€59,152
- Stocks and contracts +€35,678
up €35,678 (+6.0%), from €597,237 to €632,915
- Reserves +€87,747
up €87,747 (+10.0%), from €875,540 to €963,287
of which Distributable reserves: +€87,747
- Trade debts -€65,696
down €65,696 (-25.0%), from €262,262 to €196,566
- Debts after one year -€34,693
down €34,693 (-20.9%), from €166,281 to €131,588
- Gross operating margin +€198,861
up €198,861 (+44.3%), from €448,423 to €647,283
- Taxes +€59,633
up €59,633 (+18721.9%), from €319 to €59,952
- Other operating charges -€58,468
down €58,468 (-86.7%), from €67,415 to €8,947
- Staff costs -€42,393
down €42,393 (-13.5%), from €314,723 to €272,330
- Financial charges +€12,035
up €12,035 (+90.7%), from €13,267 to €25,302
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 | €1,410,293 | €1,419,583 | +€9,290 | +0.7% |
| Fixed assets | 21/28 | €591,358 | €522,874 | -€68,484 | -11.6% |
| Tangible fixed assets | 22/27 | €591,358 | €522,874 | -€68,484 | -11.6% |
| Land and buildings | 22 | €561,310 | €502,158 | -€59,152 | -10.5% |
| Plant, machinery and equipment | 23 | €9,002 | €11,485 | +€2,483 | +27.6% |
| Furniture and vehicles | 24 | €10,919 | €6,437 | -€4,481 | -41.0% |
| Leasing and similar rights | 25 | €10,126 | €2,793 | -€7,333 | -72.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €818,935 | €896,709 | +€77,773 | +9.5% |
| Stocks and contracts in progress | 3 | €597,237 | €632,915 | +€35,678 | +6.0% |
| Stocks | 30/36 | €597,237 | €632,915 | +€35,678 | +6.0% |
| Amounts receivable within one year | 40/41 | €91,697 | €3,380 | -€88,318 | -96.3% |
| Trade receivables | 40 | €47,467 | €3,380 | -€44,088 | -92.9% |
| Other amounts receivable | 41 | €44,230 | €0 | -€44,230 | -100.0% |
| Cash at bank and in hand | 54/58 | €113,462 | €245,649 | +€132,188 | +116.5% |
| Deferred charges and accrued income | 490/1 | €16,539 | €14,765 | -€1,775 | -10.7% |
| Total equity and liabilities | 10/49 | €1,410,293 | €1,419,583 | +€9,290 | +0.7% |
| Equity | 10/15 | €885,540 | €973,287 | +€87,747 | +9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €875,540 | €963,287 | +€87,747 | +10.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €875,540 | €963,287 | +€87,747 | +10.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €524,753 | €446,296 | -€78,457 | -15.0% |
| Amounts payable after more than one year | 17 | €166,281 | €131,588 | -€34,693 | -20.9% |
| Financial debts | 170/4 | €166,281 | €131,588 | -€34,693 | -20.9% |
| Amounts payable within one year | 42/48 | €358,433 | €314,646 | -€43,787 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €37,699 | €34,595 | -€3,104 | -8.2% |
| Trade debts | 44 | €262,262 | €196,566 | -€65,696 | -25.0% |
| Suppliers | 440/4 | €262,262 | €196,566 | -€65,696 | -25.0% |
| Taxes, remuneration and social security | 45 | €58,472 | €71,973 | +€13,502 | +23.1% |
| Taxes | 450/3 | €8,492 | €23,923 | +€15,431 | +181.7% |
| Remuneration and social security | 454/9 | €49,980 | €48,050 | -€1,929 | -3.9% |
| Other amounts payable | 47/48 | - | €11,511 | +€11,511 | |
| Accrued charges and deferred income | 492/3 | €38 | €62 | +€24 | +63.4% |
| Remuneration, social security and pensions | 62 | €314,723 | €272,330 | -€42,393 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,425 | €105,829 | +€7,404 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €794 | €0 | -€794 | -100.0% |
| Other operating charges | 640/8 | €67,415 | €8,947 | -€58,468 | -86.7% |
| Gross operating margin | 9900 | €448,423 | €647,283 | +€198,861 | +44.3% |
| Operating profit (loss) | 9901 | -€32,934 | €260,177 | +€293,111 | |
| Financial income | 75/76B | €329 | €367 | +€38 | +11.5% |
| Recurring financial income | 75 | €329 | €367 | +€38 | +11.5% |
| Financial charges | 65/66B | €13,267 | €25,302 | +€12,035 | +90.7% |
| Recurring financial charges | 65 | €13,267 | €25,302 | +€12,035 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,872 | €235,242 | +€281,114 | |
| Income taxes | 67/77 | €319 | €59,952 | +€59,633 | +18721.9% |
| Profit (loss) for the period | 9904 | -€46,190 | €175,290 | +€221,481 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,190 | €175,290 | +€221,481 |
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.