VERVERS: 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.
VERVERS
Largest movements
- Receivables within one year +€37,175
up €37,175 (+16.6%), from €224,439 to €261,614
of which Other amounts receivable: +€53,240
- Tangible fixed assets -€15,039
down €15,039 (-11.3%), from €133,309 to €118,270
of which Furniture and vehicles: -€26,946
- Reserves +€55,136
up €55,136 (+22.3%), from €247,141 to €302,277
of which Distributable reserves: +€55,136
- Tax, wage and social debts -€29,863
down €29,863 (-31.5%), from €94,935 to €65,072
of which Taxes: -€25,030
- Debts after one year -€25,541
down €25,541 (-28.7%), from €88,865 to €63,325
- Accrued charges and deferred income +€19,440
up €19,440 (+63.5%), from €30,627 to €50,067
- Current portion of long-term debt -€6,952
down €6,952 (-11.0%), from €63,382 to €56,430
- Gross operating margin -€23,228
down €23,228 (-4.6%), from €504,311 to €481,084
- Depreciation -€6,225
down €6,225 (-10.2%), from €60,892 to €54,668
- Taxes -€5,421
down €5,421 (-9.9%), from €55,020 to €49,600
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 | €577,774 | €593,161 | +€15,386 | +2.7% |
| Fixed assets | 21/28 | €151,205 | €133,665 | -€17,539 | -11.6% |
| Intangible fixed assets | 21 | €17,281 | €14,781 | -€2,500 | -14.5% |
| Tangible fixed assets | 22/27 | €133,309 | €118,270 | -€15,039 | -11.3% |
| Plant, machinery and equipment | 23 | €40,112 | €52,613 | +€12,501 | +31.2% |
| Furniture and vehicles | 24 | €91,030 | €64,084 | -€26,946 | -29.6% |
| Other tangible fixed assets | 26 | €2,167 | €1,573 | -€594 | -27.4% |
| Financial fixed assets | 28 | €614 | €614 | = | 0.0% |
| Current assets | 29/58 | €426,570 | €459,496 | +€32,926 | +7.7% |
| Amounts receivable within one year | 40/41 | €224,439 | €261,614 | +€37,175 | +16.6% |
| Trade receivables | 40 | €224,109 | €208,044 | -€16,065 | -7.2% |
| Other amounts receivable | 41 | €330 | €53,570 | +€53,240 | +16133.3% |
| Cash at bank and in hand | 54/58 | €192,031 | €190,559 | -€1,473 | -0.8% |
| Deferred charges and accrued income | 490/1 | €10,100 | €7,323 | -€2,777 | -27.5% |
| Total equity and liabilities | 10/49 | €577,774 | €593,161 | +€15,386 | +2.7% |
| Equity | 10/15 | €247,263 | €302,399 | +€55,136 | +22.3% |
| Contributions | 10/11 | €122 | €122 | = | 0.0% |
| Reserves | 13 | €247,141 | €302,277 | +€55,136 | +22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245,281 | €300,417 | +€55,136 | +22.5% |
| Amounts payable | 17/49 | €330,511 | €290,762 | -€39,750 | -12.0% |
| Amounts payable after more than one year | 17 | €88,865 | €63,325 | -€25,541 | -28.7% |
| Financial debts | 170/4 | €88,865 | €63,325 | -€25,541 | -28.7% |
| Amounts payable within one year | 42/48 | €211,019 | €177,370 | -€33,649 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €63,382 | €56,430 | -€6,952 | -11.0% |
| Trade debts | 44 | €44,409 | €45,142 | +€733 | +1.7% |
| Suppliers | 440/4 | €44,409 | €45,142 | +€733 | +1.7% |
| Taxes, remuneration and social security | 45 | €94,935 | €65,072 | -€29,863 | -31.5% |
| Taxes | 450/3 | €90,102 | €65,072 | -€25,030 | -27.8% |
| Remuneration and social security | 454/9 | €4,833 | - | -€4,833 | |
| Other amounts payable | 47/48 | €8,292 | €10,726 | +€2,434 | +29.3% |
| Accrued charges and deferred income | 492/3 | €30,627 | €50,067 | +€19,440 | +63.5% |
| Non-recurring operating income | 76A | €8,290 | €186 | -€8,104 | -97.8% |
| Remuneration, social security and pensions | 62 | €259,787 | €256,989 | -€2,797 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,892 | €54,668 | -€6,225 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,535 | - | -€1,535 | |
| Other operating charges | 640/8 | €4,875 | €6,190 | +€1,315 | +27.0% |
| Gross operating margin | 9900 | €504,311 | €481,084 | -€23,228 | -4.6% |
| Operating profit (loss) | 9901 | €177,222 | €163,236 | -€13,986 | -7.9% |
| Financial income | 75/76B | €287 | €3,126 | +€2,840 | +990.8% |
| Recurring financial income | 75 | €287 | €293 | +€6 | +2.2% |
| Non-recurring financial income | 76B | - | €2,834 | +€2,834 | |
| Financial charges | 65/66B | €7,499 | €6,588 | -€911 | -12.1% |
| Recurring financial charges | 65 | €7,499 | €6,588 | -€911 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €170,010 | €159,775 | -€10,235 | -6.0% |
| Income taxes | 67/77 | €55,020 | €49,600 | -€5,421 | -9.9% |
| Profit (loss) for the period | 9904 | €114,990 | €110,175 | -€4,815 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,990 | €110,175 | -€4,815 | -4.2% |
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 1 October 2026 via checked.be.