VERST HOLDING: 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.
VERST HOLDING
Largest movements
- Tangible fixed assets -€330,871
no longer reported in 2025 (was €330,871)
- Cash +€187,597
up €187,597 (+4,643%), from €4,040 to €191,637
mainly Investment in fixed assets (net) (+€330,871) and Net result for the year (+€32,365)
- Receivables within one year +€8,316
new in 2025: €8,316
- Debts after one year -€152,583
down €152,583 (-42.3%), from €361,083 to €208,500
of which Financial debts: -€176,533
- Profit (loss) carried forward +€32,365
up €32,365 (+33.8%), from -€95,883 to -€63,519
- Current portion of long-term debt -€17,616
no longer reported in 2025 (was €17,616)
- Gross operating margin +€35,872
up €35,872 (+497%), from €7,219 to €43,091
- Depreciation -€8,129
no longer reported in 2025 (was €8,129)
- Financial charges +€1,472
up €1,472 (+21.0%), from €6,999 to €8,471
- Other operating charges -€919
down €919 (-28.9%), from €3,175 to €2,256
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 | €334,911 | €200,179 | -€134,732 | -40.2% |
| Fixed assets | 21/28 | €330,871 | - | -€330,871 | |
| Tangible fixed assets | 22/27 | €330,871 | - | -€330,871 | |
| Land and buildings | 22 | €330,871 | - | -€330,871 | |
| Current assets | 29/58 | €4,040 | €200,179 | +€196,139 | +4,855% |
| Amounts receivable within one year | 40/41 | - | €8,316 | +€8,316 | |
| Other amounts receivable | 41 | - | €8,316 | +€8,316 | |
| Cash at bank and in hand | 54/58 | €4,040 | €191,637 | +€187,597 | +4,643% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €334,911 | €200,179 | -€134,732 | -40.2% |
| Equity | 10/15 | -€53,883 | -€21,519 | +€32,365 | +60.1% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,883 | -€63,519 | +€32,365 | +33.8% |
| Amounts payable | 17/49 | €388,794 | €221,698 | -€167,097 | -43.0% |
| Amounts payable after more than one year | 17 | €361,083 | €208,500 | -€152,583 | -42.3% |
| Financial debts | 170/4 | €176,533 | - | -€176,533 | |
| Other amounts payable | 178/9 | €184,550 | €208,500 | +€23,950 | +13.0% |
| Amounts payable within one year | 42/48 | €27,711 | €13,198 | -€14,514 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €17,616 | - | -€17,616 | |
| Trade debts | 44 | €182 | - | -€182 | |
| Suppliers | 440/4 | €182 | - | -€182 | |
| Other amounts payable | 47/48 | €9,914 | €13,198 | +€3,284 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,129 | - | -€8,129 | |
| Other operating charges | 640/8 | €3,175 | €2,256 | -€919 | -28.9% |
| Gross operating margin | 9900 | €7,219 | €43,091 | +€35,872 | +497% |
| Operating profit (loss) | 9901 | -€4,084 | €40,836 | +€44,920 | |
| Financial charges | 65/66B | €6,999 | €8,471 | +€1,472 | +21.0% |
| Recurring financial charges | 65 | €6,999 | €8,471 | +€1,472 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,083 | €32,365 | +€43,448 | |
| Profit (loss) for the period | 9904 | -€11,083 | €32,365 | +€43,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,083 | €32,365 | +€43,448 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.