VERROPA: what changed
Two fiscal 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.
VERROPA
Largest movements
- Tangible fixed assets -€16,694
down €16,694 (-8.0%), from €208,067 to €191,373
of which Land and buildings: -€8,567
- Cash +€12,954
up €12,954 (+115.0%), from €11,261 to €24,215
mainly Depreciation (+€16,694) and Net result for the year (+€15,704)
- Receivables after one year +€5,405
new in 2025: €5,405
- Deferred charges and accrued income -€4,852
down €4,852 (-39.5%), from €12,299 to €7,447
- Receivables within one year +€3,911
new in 2025: €3,911
- Other debts +€13,228
up €13,228 (+398.9%), from €3,316 to €16,544
- Debts after one year -€7,779
down €7,779 (-25.8%), from €30,096 to €22,318
- Reserves -€5,348
down €5,348 (-4.8%), from €112,592 to €107,243
- Provisions +€25,392
no longer reported in 2025 (was -€25,392)
- Gross operating margin +€14,444
up €14,444 (+49.9%), from €28,930 to €43,374
- Depreciation -€4,701
down €4,701 (-22.0%), from €21,395 to €16,694
- Taxes -€3,859
down €3,859 (-36.0%), from €10,715 to €6,856
- Other operating charges -€887
down €887 (-24.1%), from €3,687 to €2,800
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 | €311,627 | €312,350 | +€723 | +0.2% |
| Fixed assets | 21/28 | €288,067 | €271,373 | -€16,694 | -5.8% |
| Tangible fixed assets | 22/27 | €208,067 | €191,373 | -€16,694 | -8.0% |
| Land and buildings | 22 | €169,584 | €161,017 | -€8,567 | -5.1% |
| Plant, machinery and equipment | 23 | €1,238 | €1,111 | -€127 | -10.3% |
| Furniture and vehicles | 24 | €37,245 | €29,245 | -€8,000 | -21.5% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €23,560 | €40,977 | +€17,417 | +73.9% |
| Amounts receivable after more than one year | 29 | - | €5,405 | +€5,405 | |
| Other amounts receivable | 291 | - | €5,405 | +€5,405 | |
| Amounts receivable within one year | 40/41 | - | €3,911 | +€3,911 | |
| Other amounts receivable | 41 | - | €3,911 | +€3,911 | |
| Cash at bank and in hand | 54/58 | €11,261 | €24,215 | +€12,954 | +115.0% |
| Deferred charges and accrued income | 490/1 | €12,299 | €7,447 | -€4,852 | -39.5% |
| Total equity and liabilities | 10/49 | €311,627 | €312,350 | +€723 | +0.2% |
| Equity | 10/15 | €268,039 | €262,690 | -€5,348 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,592 | €107,243 | -€5,348 | -4.8% |
| Distributable reserves | 133 | €112,592 | €107,243 | -€5,348 | -4.8% |
| Profit (loss) carried forward | 14 | €149,247 | €149,247 | = | 0.0% |
| Amounts payable | 17/49 | €43,588 | €49,660 | +€6,072 | +13.9% |
| Amounts payable after more than one year | 17 | €30,096 | €22,318 | -€7,779 | -25.8% |
| Financial debts | 170/4 | €30,096 | €22,318 | -€7,779 | -25.8% |
| Amounts payable within one year | 42/48 | €13,492 | €27,342 | +€13,850 | +102.7% |
| Current portion of amounts payable after more than one year | 42 | €7,476 | €7,779 | +€303 | +4.0% |
| Trade debts | 44 | €683 | €657 | -€25 | -3.7% |
| Suppliers | 440/4 | €683 | €657 | -€25 | -3.7% |
| Taxes, remuneration and social security | 45 | €2,017 | €2,363 | +€345 | +17.1% |
| Taxes | 450/3 | €2,017 | €2,363 | +€345 | +17.1% |
| Other amounts payable | 47/48 | €3,316 | €16,544 | +€13,228 | +398.9% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,395 | €16,694 | -€4,701 | -22.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,392 | - | +€25,392 | |
| Other operating charges | 640/8 | €3,687 | €2,800 | -€887 | -24.1% |
| Gross operating margin | 9900 | €28,930 | €43,374 | +€14,444 | +49.9% |
| Operating profit (loss) | 9901 | €29,240 | €23,880 | -€5,360 | -18.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,304 | €1,320 | +€17 | +1.3% |
| Recurring financial charges | 65 | €1,304 | €1,320 | +€17 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €27,937 | €22,560 | -€5,377 | -19.2% |
| Income taxes | 67/77 | €10,715 | €6,856 | -€3,859 | -36.0% |
| Profit (loss) for the period | 9904 | €17,222 | €15,704 | -€1,518 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,222 | €15,704 | -€1,518 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.