VERVANO: 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.
VERVANO
Largest movements
- Receivables within one year +€187,391
up €187,391 (+138.2%), from €135,611 to €323,002
of which Other amounts receivable: +€187,391
- Receivables after one year -€122,550
down €122,550 (-21.0%), from €582,300 to €459,750
- Tangible fixed assets -€61,949
down €61,949 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€48,168
- Debts after one year -€103,437
down €103,437 (-17.9%), from €578,091 to €474,654
- Reserves +€74,000
up €74,000 (+10.6%), from €695,855 to €769,855
- Current portion of long-term debt +€34,478
up €34,478 (+27.5%), from €125,297 to €159,775
- Trade debts +€20,798
up €20,798 (+1502.5%), from €1,384 to €22,183
- Gross operating margin +€146,715
up €146,715 (+55.4%), from €264,824 to €411,539
- Other operating charges +€37,065
up €37,065 (+357.6%), from €10,365 to €47,430
- Financial income +€5,419
up €5,419 (+26.5%), from €20,479 to €25,898
- Taxes -€4,450
down €4,450 (-4.6%), from €97,464 to €93,014
- Depreciation +€4,426
up €4,426 (+7.6%), from €58,572 to €62,998
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 | €1,989,790 | €1,987,868 | -€1,922 | -0.1% |
| Fixed assets | 21/28 | €1,261,370 | €1,198,372 | -€62,998 | -5.0% |
| Intangible fixed assets | 21 | €2,201 | €1,151 | -€1,050 | -47.7% |
| Tangible fixed assets | 22/27 | €1,259,170 | €1,197,221 | -€61,949 | -4.9% |
| Land and buildings | 22 | €1,221,226 | €1,173,058 | -€48,168 | -3.9% |
| Furniture and vehicles | 24 | €37,944 | €24,163 | -€13,780 | -36.3% |
| Current assets | 29/58 | €728,420 | €789,496 | +€61,076 | +8.4% |
| Amounts receivable after more than one year | 29 | €582,300 | €459,750 | -€122,550 | -21.0% |
| Other amounts receivable | 291 | €582,300 | €459,750 | -€122,550 | -21.0% |
| Amounts receivable within one year | 40/41 | €135,611 | €323,002 | +€187,391 | +138.2% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €133,796 | €321,187 | +€187,391 | +140.1% |
| Cash at bank and in hand | 54/58 | €5,245 | €1,471 | -€3,774 | -72.0% |
| Deferred charges and accrued income | 490/1 | €5,264 | €5,273 | +€9 | +0.2% |
| Total equity and liabilities | 10/49 | €1,989,790 | €1,987,868 | -€1,922 | -0.1% |
| Equity | 10/15 | €830,857 | €895,924 | +€65,068 | +7.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €695,855 | €769,855 | +€74,000 | +10.6% |
| Distributable reserves | 133 | €695,855 | €769,855 | +€74,000 | +10.6% |
| Profit (loss) carried forward | 14 | €116,452 | €107,519 | -€8,932 | -7.7% |
| Amounts payable | 17/49 | €1,158,934 | €1,091,944 | -€66,990 | -5.8% |
| Amounts payable after more than one year | 17 | €578,091 | €474,654 | -€103,437 | -17.9% |
| Financial debts | 170/4 | €578,091 | €474,654 | -€103,437 | -17.9% |
| Amounts payable within one year | 42/48 | €578,807 | €615,255 | +€36,447 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €125,297 | €159,775 | +€34,478 | +27.5% |
| Financial debts | 43 | €45,000 | €46,660 | +€1,660 | +3.7% |
| Credit institutions | 430/8 | €45,000 | €46,660 | +€1,660 | +3.7% |
| Trade debts | 44 | €1,384 | €22,183 | +€20,798 | +1502.5% |
| Suppliers | 440/4 | €1,384 | €22,183 | +€20,798 | +1502.5% |
| Taxes, remuneration and social security | 45 | €60,468 | €50,700 | -€9,768 | -16.2% |
| Taxes | 450/3 | €60,468 | €50,700 | -€9,768 | -16.2% |
| Other amounts payable | 47/48 | €346,658 | €335,938 | -€10,721 | -3.1% |
| Accrued charges and deferred income | 492/3 | €2,035 | €2,035 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,572 | €62,998 | +€4,426 | +7.6% |
| Other operating charges | 640/8 | €10,365 | €47,430 | +€37,065 | +357.6% |
| Gross operating margin | 9900 | €264,824 | €411,539 | +€146,715 | +55.4% |
| Operating profit (loss) | 9901 | €195,887 | €301,111 | +€105,224 | +53.7% |
| Financial income | 75/76B | €20,479 | €25,898 | +€5,419 | +26.5% |
| Recurring financial income | 75 | €20,479 | €25,898 | +€5,419 | +26.5% |
| Financial charges | 65/66B | €28,503 | €30,927 | +€2,424 | +8.5% |
| Recurring financial charges | 65 | €28,503 | €30,927 | +€2,424 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €187,863 | €296,082 | +€108,218 | +57.6% |
| Income taxes | 67/77 | €97,464 | €93,014 | -€4,450 | -4.6% |
| Profit (loss) for the period | 9904 | €90,399 | €203,068 | +€112,668 | +124.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,399 | €203,068 | +€112,668 | +124.6% |
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 11 October 2026 via checked.be.