VERVEKO: 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.
VERVEKO
Largest movements
- Cash -€52,717
down €52,717 (-46.6%), from €113,089 to €60,372
mainly Other debts (-€37,454) and Receivables within one year (-€8,046)
- Other debts -€37,454
down €37,454 (-2.2%), from €1.7m to €1.6m
- Other operating charges -€18,305
down €18,305 (-97.6%), from €18,749 to €444
- Gross operating margin +€12,963
up €12,963 (+76.0%), from -€17,048 to -€4,085
- Financial income +€224
new in 2025: €224
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 | €1,307,723 | €1,263,277 | -€44,446 | -3.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €1,307,723 | €1,263,277 | -€44,446 | -3.4% |
| Stocks and contracts in progress | 3 | €1,024,306 | €1,024,306 | = | 0.0% |
| Stocks | 30/36 | €1,024,306 | €1,024,306 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €8,046 | +€8,046 | |
| Other amounts receivable | 41 | - | €8,046 | +€8,046 | |
| Current investments | 50/53 | €170,329 | €170,329 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,089 | €60,372 | -€52,717 | -46.6% |
| Deferred charges and accrued income | 490/1 | €0 | €224 | +€224 | |
| Total equity and liabilities | 10/49 | €1,307,723 | €1,263,277 | -€44,446 | -3.4% |
| Equity | 10/15 | -€363,641 | -€368,106 | -€4,465 | -1.2% |
| Contributions | 10/11 | €249,550 | €249,550 | = | 0.0% |
| Capital | 10 | €249,550 | €249,550 | = | 0.0% |
| Issued capital | 100 | €249,550 | €249,550 | = | 0.0% |
| Reserves | 13 | €24,955 | €24,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,955 | €24,955 | = | 0.0% |
| Legal reserve | 130 | €24,955 | €24,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€638,146 | -€642,611 | -€4,465 | -0.7% |
| Amounts payable | 17/49 | €1,671,364 | €1,631,384 | -€39,981 | -2.4% |
| Amounts payable within one year | 42/48 | €1,671,364 | €1,631,384 | -€39,981 | -2.4% |
| Trade debts | 44 | €2,527 | €0 | -€2,527 | -100.0% |
| Suppliers | 440/4 | €2,527 | €0 | -€2,527 | -100.0% |
| Other amounts payable | 47/48 | €1,668,837 | €1,631,384 | -€37,454 | -2.2% |
| Non-recurring operating income | 76A | €3,883 | €57 | -€3,826 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €18,749 | €444 | -€18,305 | -97.6% |
| Gross operating margin | 9900 | -€17,048 | -€4,085 | +€12,963 | +76.0% |
| Operating profit (loss) | 9901 | -€35,797 | -€4,529 | +€31,268 | +87.3% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €188 | €161 | -€27 | -14.5% |
| Recurring financial charges | 65 | €188 | €161 | -€27 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,985 | -€4,465 | +€31,520 | +87.6% |
| Profit (loss) for the period | 9904 | -€35,985 | -€4,465 | +€31,520 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,985 | -€4,465 | +€31,520 | +87.6% |
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 30 September 2026 via checked.be.