VERVAN & Co: 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.
VERVAN & Co
Largest movements
- Tangible fixed assets +€27,173
up €27,173 (+2.4%), from €1.2m to €1.2m
of which Plant, machinery and equipment: +€60,625
- Receivables within one year +€22,548
up €22,548 (+14.5%), from €155,869 to €178,417
of which Trade receivables: +€13,226
- Other debts +€48,486
up €48,486 (+20.2%), from €240,003 to €288,488
- Debts after one year -€34,677
down €34,677 (-7.5%), from €459,751 to €425,074
- Current portion of long-term debt +€25,495
up €25,495 (+22.5%), from €113,532 to €139,027
- Trade debts +€23,241
up €23,241 (+129%), from €18,080 to €41,321
- Tax, wage and social debts -€19,743
down €19,743 (-92.7%), from €21,295 to €1,552
- Depreciation +€28,779
up €28,779 (+15.3%), from €188,424 to €217,203
- Gross operating margin -€14,403
down €14,403 (-5.3%), from €270,839 to €256,436
- Other operating charges +€5,176
up €5,176 (+155%), from €3,332 to €8,508
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 | €1,329,414 | €1,384,873 | +€55,459 | +4.2% |
| Fixed assets | 21/28 | €1,155,657 | €1,182,830 | +€27,173 | +2.4% |
| Tangible fixed assets | 22/27 | €1,155,657 | €1,182,830 | +€27,173 | +2.4% |
| Land and buildings | 22 | €495,261 | €461,886 | -€33,375 | -6.7% |
| Plant, machinery and equipment | 23 | €660,319 | €720,944 | +€60,625 | +9.2% |
| Furniture and vehicles | 24 | €76 | - | -€76 | |
| Current assets | 29/58 | €173,757 | €202,043 | +€28,286 | +16.3% |
| Stocks and contracts in progress | 3 | €2,925 | €8,263 | +€5,338 | +182% |
| Stocks | 30/36 | €2,925 | €8,263 | +€5,338 | +182% |
| Amounts receivable within one year | 40/41 | €155,869 | €178,417 | +€22,548 | +14.5% |
| Trade receivables | 40 | €155,147 | €168,373 | +€13,226 | +8.5% |
| Other amounts receivable | 41 | €722 | €10,044 | +€9,322 | +1,291% |
| Cash at bank and in hand | 54/58 | €14,962 | €10,296 | -€4,666 | -31.2% |
| Deferred charges and accrued income | 490/1 | - | €5,067 | +€5,067 | |
| Total equity and liabilities | 10/49 | €1,329,414 | €1,384,873 | +€55,459 | +4.2% |
| Equity | 10/15 | €476,753 | €489,411 | +€12,658 | +2.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €353,802 | €368,802 | +€15,000 | +4.2% |
| Tax-exempt reserves | 132 | €51,183 | €51,183 | = | 0.0% |
| Distributable reserves | 133 | €302,619 | €317,619 | +€15,000 | +5.0% |
| Profit (loss) carried forward | 14 | €4,351 | €2,009 | -€2,342 | -53.8% |
| Amounts payable | 17/49 | €852,661 | €895,462 | +€42,802 | +5.0% |
| Amounts payable after more than one year | 17 | €459,751 | €425,074 | -€34,677 | -7.5% |
| Financial debts | 170/4 | €459,751 | €425,074 | -€34,677 | -7.5% |
| Amounts payable within one year | 42/48 | €392,910 | €470,389 | +€77,479 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €113,532 | €139,027 | +€25,495 | +22.5% |
| Trade debts | 44 | €18,080 | €41,321 | +€23,241 | +129% |
| Suppliers | 440/4 | €18,080 | €41,321 | +€23,241 | +129% |
| Taxes, remuneration and social security | 45 | €21,295 | €1,552 | -€19,743 | -92.7% |
| Taxes | 450/3 | €21,295 | €1,552 | -€19,743 | -92.7% |
| Other amounts payable | 47/48 | €240,003 | €288,488 | +€48,486 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,424 | €217,203 | +€28,779 | +15.3% |
| Other operating charges | 640/8 | €3,332 | €8,508 | +€5,176 | +155% |
| Gross operating margin | 9900 | €270,839 | €256,436 | -€14,403 | -5.3% |
| Operating profit (loss) | 9901 | €79,083 | €30,725 | -€48,358 | -61.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,357 | €17,723 | +€2,366 | +15.4% |
| Recurring financial charges | 65 | €15,357 | €17,723 | +€2,366 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €63,726 | €13,002 | -€50,724 | -79.6% |
| Income taxes | 67/77 | €320 | €344 | +€25 | +7.7% |
| Profit (loss) for the period | 9904 | €63,406 | €12,658 | -€50,748 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,406 | €12,658 | -€50,748 | -80.0% |
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 24 October 2026 via checked.be.