VERRERIES 29: 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.
VERRERIES 29
Largest movements
- Receivables after one year +€323,000
up €323,000 (+11.5%), from €2.8m to €3.1m
- Tangible fixed assets -€229,659
down €229,659 (-9.3%), from €2.5m to €2.2m
- Cash -€97,112
down €97,112 (-65.3%), from €148,800 to €51,688
mainly Receivables after one year (-€323,000) and Trade debts (-€113,343)
- Trade debts -€113,343
down €113,343 (-99.6%), from €113,768 to €425
- Reserves +€106,369
up €106,369 (+24.9%), from €427,029 to €533,398
of which Distributable reserves: +€101,052
- Gross operating margin -€14,000
down €14,000 (-3.3%), from €424,762 to €410,762
- Taxes -€9,331
down €9,331 (-17.5%), from €53,166 to €43,835
- Financial income +€8,383
up €8,383 (+10.1%), from €82,617 to €91,000
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 | €5,426,982 | €5,432,961 | +€5,979 | +0.1% |
| Fixed assets | 21/28 | €2,478,182 | €2,248,523 | -€229,659 | -9.3% |
| Tangible fixed assets | 22/27 | €2,478,182 | €2,248,523 | -€229,659 | -9.3% |
| Land and buildings | 22 | €2,478,182 | €2,248,523 | -€229,659 | -9.3% |
| Current assets | 29/58 | €2,948,800 | €3,184,438 | +€235,638 | +8.0% |
| Amounts receivable after more than one year | 29 | €2,800,000 | €3,123,000 | +€323,000 | +11.5% |
| Other amounts receivable | 291 | €2,800,000 | €3,123,000 | +€323,000 | +11.5% |
| Amounts receivable within one year | 40/41 | €0 | €9,750 | +€9,750 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €9,750 | +€9,750 | |
| Cash at bank and in hand | 54/58 | €148,800 | €51,688 | -€97,112 | -65.3% |
| Total equity and liabilities | 10/49 | €5,426,982 | €5,432,961 | +€5,979 | +0.1% |
| Equity | 10/15 | €4,957,029 | €5,063,398 | +€106,369 | +2.1% |
| Contributions | 10/11 | €4,530,000 | €4,530,000 | = | 0.0% |
| Capital | 10 | €4,530,000 | €4,530,000 | = | 0.0% |
| Issued capital | 100 | €4,700,000 | €4,700,000 | = | 0.0% |
| Uncalled capital | 101 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €427,029 | €533,398 | +€106,369 | +24.9% |
| Non-distributable reserves | 130/1 | €15,256 | €20,573 | +€5,317 | +34.8% |
| Legal reserve | 130 | €15,256 | €20,573 | +€5,317 | +34.8% |
| Distributable reserves | 133 | €411,773 | €512,825 | +€101,052 | +24.5% |
| Amounts payable | 17/49 | €469,952 | €369,563 | -€100,390 | -21.4% |
| Amounts payable after more than one year | 17 | €181,810 | €138,815 | -€42,995 | -23.6% |
| Financial debts | 170/4 | €181,810 | €138,815 | -€42,995 | -23.6% |
| Amounts payable within one year | 42/48 | €288,142 | €230,748 | -€57,395 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €131,558 | €170,841 | +€39,283 | +29.9% |
| Trade debts | 44 | €113,768 | €425 | -€113,343 | -99.6% |
| Suppliers | 440/4 | €113,768 | €425 | -€113,343 | -99.6% |
| Taxes, remuneration and social security | 45 | €42,817 | €59,482 | +€16,666 | +38.9% |
| Taxes | 450/3 | €42,343 | €59,482 | +€17,140 | +40.5% |
| Remuneration and social security | 454/9 | €474 | €0 | -€474 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,659 | €229,659 | = | 0.0% |
| Other operating charges | 640/8 | €115,538 | €119,158 | +€3,620 | +3.1% |
| Gross operating margin | 9900 | €424,762 | €410,762 | -€14,000 | -3.3% |
| Operating profit (loss) | 9901 | €79,565 | €61,944 | -€17,620 | -22.1% |
| Financial income | 75/76B | €82,617 | €91,000 | +€8,383 | +10.1% |
| Recurring financial income | 75 | €82,617 | €91,000 | +€8,383 | +10.1% |
| Financial charges | 65/66B | €1,692 | €2,740 | +€1,048 | +61.9% |
| Recurring financial charges | 65 | €1,692 | €2,740 | +€1,048 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €160,490 | €150,204 | -€10,286 | -6.4% |
| Income taxes | 67/77 | €53,166 | €43,835 | -€9,331 | -17.5% |
| Profit (loss) for the period | 9904 | €107,324 | €106,369 | -€955 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,324 | €106,369 | -€955 | -0.9% |
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 30 October 2026 via checked.be.