VERREZEN: 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.
VERREZEN
Largest movements
- Current investments +€40,000
up €40,000 (+20.0%), from €200,000 to €240,000
- Tangible fixed assets -€38,896
down €38,896 (-3.9%), from €987,131 to €948,235
of which Land and buildings: -€29,808
- Debts after one year -€51,037
down €51,037 (-24.5%), from €208,585 to €157,548
- Advances received +€36,629
new in 2025: €36,629
- Reserves +€30,043
up €30,043 (+5.3%), from €562,301 to €592,344
of which Distributable reserves: +€30,043
- Tax, wage and social debts -€19,288
down €19,288 (-69.0%), from €27,965 to €8,677
- Other operating charges +€9,621
up €9,621 (+78.6%), from €12,236 to €21,857
- Taxes -€5,766
down €5,766 (-17.9%), from €32,274 to €26,508
- Gross operating margin -€4,178
down €4,178 (-2.8%), from €150,079 to €145,901
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 | €1,249,084 | €1,249,103 | +€19 | 0.0% |
| Fixed assets | 21/28 | €987,131 | €948,235 | -€38,896 | -3.9% |
| Tangible fixed assets | 22/27 | €987,131 | €948,235 | -€38,896 | -3.9% |
| Land and buildings | 22 | €949,931 | €920,123 | -€29,808 | -3.1% |
| Other tangible fixed assets | 26 | €37,200 | €28,112 | -€9,088 | -24.4% |
| Current assets | 29/58 | €261,953 | €300,868 | +€38,915 | +14.9% |
| Amounts receivable within one year | 40/41 | €18,522 | €20,087 | +€1,565 | +8.4% |
| Trade receivables | 40 | €18,522 | €15,315 | -€3,207 | -17.3% |
| Other amounts receivable | 41 | €0 | €4,771 | +€4,771 | |
| Current investments | 50/53 | €200,000 | €240,000 | +€40,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €41,806 | €33,098 | -€8,708 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,625 | €7,683 | +€6,058 | +373% |
| Total equity and liabilities | 10/49 | €1,249,084 | €1,249,103 | +€19 | 0.0% |
| Equity | 10/15 | €934,801 | €964,844 | +€30,043 | +3.2% |
| Contributions | 10/11 | €372,500 | €372,500 | = | 0.0% |
| Capital | 10 | €372,500 | €372,500 | = | 0.0% |
| Issued capital | 100 | €372,500 | €372,500 | = | 0.0% |
| Reserves | 13 | €562,301 | €592,344 | +€30,043 | +5.3% |
| Non-distributable reserves | 130/1 | €37,250 | €37,250 | = | 0.0% |
| Legal reserve | 130 | €37,250 | €37,250 | = | 0.0% |
| Distributable reserves | 133 | €525,051 | €555,094 | +€30,043 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €314,283 | €284,259 | -€30,024 | -9.6% |
| Amounts payable after more than one year | 17 | €208,585 | €157,548 | -€51,037 | -24.5% |
| Financial debts | 170/4 | €208,585 | €157,548 | -€51,037 | -24.5% |
| Amounts payable within one year | 42/48 | €105,698 | €126,711 | +€21,013 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €50,315 | €51,037 | +€722 | +1.4% |
| Trade debts | 44 | €1,518 | €2,968 | +€1,450 | +95.5% |
| Suppliers | 440/4 | €1,518 | €2,968 | +€1,450 | +95.5% |
| Advances received on contracts in progress | 46 | - | €36,629 | +€36,629 | |
| Taxes, remuneration and social security | 45 | €27,965 | €8,677 | -€19,288 | -69.0% |
| Taxes | 450/3 | €27,965 | €8,677 | -€19,288 | -69.0% |
| Other amounts payable | 47/48 | €25,900 | €27,400 | +€1,500 | +5.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,896 | €38,896 | +€0 | 0.0% |
| Other operating charges | 640/8 | €12,236 | €21,857 | +€9,621 | +78.6% |
| Gross operating margin | 9900 | €150,079 | €145,901 | -€4,178 | -2.8% |
| Operating profit (loss) | 9901 | €98,948 | €85,149 | -€13,799 | -13.9% |
| Financial income | 75/76B | €2,618 | €2,629 | +€11 | +0.4% |
| Recurring financial income | 75 | €2,618 | €2,629 | +€11 | +0.4% |
| Financial charges | 65/66B | €4,514 | €3,826 | -€688 | -15.2% |
| Recurring financial charges | 65 | €4,514 | €3,826 | -€688 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €97,052 | €83,951 | -€13,101 | -13.5% |
| Income taxes | 67/77 | €32,274 | €26,508 | -€5,766 | -17.9% |
| Profit (loss) for the period | 9904 | €64,779 | €57,443 | -€7,335 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,779 | €57,443 | -€7,335 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.