VERVANCO: 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.
VERVANCO
Largest movements
- Current assets +€188,462
up €188,462 (+144%), from €131,026 to €319,488
of which Cash: +€151,803
- Tangible fixed assets -€68,472
down €68,472 (-6.6%), from €1.0m to €974,225
- Profit (loss) carried forward +€73,084
up €73,084 (+37.4%), from €195,279 to €268,363
- Debts +€46,605
up €46,605 (+4.8%), from €964,485 to €1.0m
of which Debts within one year: +€130,141
- Gross operating margin +€64,600
up €64,600 (+14.5%), from €446,685 to €511,285
- Taxes -€26,222
down €26,222 (-69.2%), from €37,910 to €11,688
From the 2014 result to the 2015 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2014 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,174,024 | €1,293,713 | +€119,689 | +10.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,042,998 | €974,225 | -€68,773 | -6.6% |
| Intangible fixed assets | 21 | €301 | - | -€301 | |
| Tangible fixed assets | 22/27 | €1,042,697 | €974,225 | -€68,472 | -6.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €131,026 | €319,488 | +€188,462 | +144% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,281 | €58,498 | +€35,217 | +151% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €104,288 | €256,091 | +€151,803 | +146% |
| Total equity and liabilities | 10/49 | €1,174,024 | €1,293,713 | +€119,689 | +10.2% |
| Equity | 10/15 | €209,539 | €282,623 | +€73,084 | +34.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,279 | €268,363 | +€73,084 | +37.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €964,485 | €1,011,090 | +€46,605 | +4.8% |
| Amounts payable after more than one year | 17 | €456,350 | €364,584 | -€91,766 | -20.1% |
| Amounts payable within one year | 42/48 | €508,135 | €638,276 | +€130,141 | +25.6% |
| Trade debts | 44 | €33,212 | €117,895 | +€84,683 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,944 | €68,773 | -€171 | -0.2% |
| Gross operating margin | 9900 | €446,685 | €511,285 | +€64,600 | +14.5% |
| Operating profit (loss) | 9901 | €146,192 | €196,282 | +€50,090 | +34.3% |
| Recurring financial income | 75 | €312 | €218 | -€94 | -30.1% |
| Recurring financial charges | 65 | €45,881 | €45,061 | -€820 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €100,623 | €151,439 | +€50,816 | +50.5% |
| Income taxes | 67/77 | €37,910 | €11,688 | -€26,222 | -69.2% |
| Profit (loss) for the period | 9904 | €62,713 | €139,751 | +€77,038 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €62,713 | €139,751 | +€77,038 | +123% |
Source: filed annual accounts (NBB), financial years ended 31 December 2014 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.