VERVAN: 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.
VERVAN
Largest movements
- Cash +€17,197
up €17,197 (+24.7%), from €69,673 to €86,870
mainly Net result for the year (+€12,245) and Tax, wage and social debts (+€4,401)
- Reserves +€12,245
up €12,245 (+15.3%), from €80,278 to €92,524
of which Distributable reserves: +€12,245
- Tax, wage and social debts +€4,401
up €4,401 (+983.8%), from €447 to €4,849
- Gross operating margin +€11,851
up €11,851 (+88.2%), from €13,433 to €25,283
- Taxes +€4,386
up €4,386 (+943.7%), from €465 to €4,851
- Depreciation -€1,345
down €1,345 (-51.2%), from €2,628 to €1,283
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 | €114,161 | €130,290 | +€16,129 | +14.1% |
| Fixed assets | 21/28 | €44,488 | €43,420 | -€1,068 | -2.4% |
| Tangible fixed assets | 22/27 | €44,488 | €43,420 | -€1,068 | -2.4% |
| Land and buildings | 22 | €44,488 | €43,420 | -€1,068 | -2.4% |
| Current assets | 29/58 | €69,673 | €86,870 | +€17,197 | +24.7% |
| Cash at bank and in hand | 54/58 | €69,673 | €86,870 | +€17,197 | +24.7% |
| Total equity and liabilities | 10/49 | €114,161 | €130,290 | +€16,129 | +14.1% |
| Equity | 10/15 | €101,245 | €113,491 | +€12,245 | +12.1% |
| Contributions | 10/11 | €20,967 | €20,967 | = | 0.0% |
| Reserves | 13 | €80,278 | €92,524 | +€12,245 | +15.3% |
| Tax-exempt reserves | 132 | €11,128 | €11,128 | = | 0.0% |
| Distributable reserves | 133 | €69,150 | €81,396 | +€12,245 | +17.7% |
| Amounts payable | 17/49 | €12,916 | €16,800 | +€3,884 | +30.1% |
| Amounts payable within one year | 42/48 | €12,418 | €16,800 | +€4,381 | +35.3% |
| Trade debts | 44 | - | €136 | +€136 | |
| Suppliers | 440/4 | - | €136 | +€136 | |
| Taxes, remuneration and social security | 45 | €447 | €4,849 | +€4,401 | +983.8% |
| Taxes | 450/3 | €447 | €4,849 | +€4,401 | +983.8% |
| Other amounts payable | 47/48 | €11,971 | €11,815 | -€156 | -1.3% |
| Accrued charges and deferred income | 492/3 | €498 | - | -€498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,628 | €1,283 | -€1,345 | -51.2% |
| Other operating charges | 640/8 | €6,434 | €6,507 | +€73 | +1.1% |
| Gross operating margin | 9900 | €13,433 | €25,283 | +€11,851 | +88.2% |
| Operating profit (loss) | 9901 | €4,371 | €17,493 | +€13,122 | +300.2% |
| Financial charges | 65/66B | €300 | €397 | +€97 | +32.2% |
| Recurring financial charges | 65 | €300 | €397 | +€97 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €4,071 | €17,096 | +€13,025 | +320.0% |
| Income taxes | 67/77 | €465 | €4,851 | +€4,386 | +943.7% |
| Profit (loss) for the period | 9904 | €3,606 | €12,245 | +€8,639 | +239.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,606 | €12,245 | +€8,639 | +239.6% |
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 28 September 2026 via checked.be.