VERVICARRELAGE: 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.
VERVICARRELAGE
Largest movements
- Receivables within one year -€95,670
down €95,670 (-74.8%), from €127,929 to €32,259
of which Trade receivables: -€92,853
- Cash +€49,443
up €49,443 (+82.6%), from €59,832 to €109,276
mainly Receivables within one year (+€95,670) and Debts after one year (+€27,865)
- Reserves -€67,184
down €67,184 (-21.0%), from €319,637 to €252,453
- Debts after one year +€27,865
up €27,865 (+69.8%), from €39,909 to €67,775
- Tax, wage and social debts -€6,846
down €6,846 (-97.7%), from €7,009 to €163
of which Remuneration and social security: -€6,661
- Gross operating margin -€96,694
down €96,694 (-60.8%), from €159,164 to €62,469
- Staff costs -€29,160
down €29,160 (-23.1%), from €126,093 to €96,933
- Financial charges -€3,839
down €3,839 (-10.6%), from €36,380 to €32,542
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 | €391,327 | €343,047 | -€48,280 | -12.3% |
| Current assets | 29/58 | €391,327 | €343,047 | -€48,280 | -12.3% |
| Amounts receivable within one year | 40/41 | €127,929 | €32,259 | -€95,670 | -74.8% |
| Trade receivables | 40 | €92,853 | €0 | -€92,853 | -100% |
| Other amounts receivable | 41 | €35,076 | €32,259 | -€2,817 | -8.0% |
| Current investments | 50/53 | €202,143 | €199,207 | -€2,936 | -1.5% |
| Cash at bank and in hand | 54/58 | €59,832 | €109,276 | +€49,443 | +82.6% |
| Deferred charges and accrued income | 490/1 | €1,423 | €2,306 | +€883 | +62.0% |
| Total equity and liabilities | 10/49 | €391,327 | €343,047 | -€48,280 | -12.3% |
| Equity | 10/15 | €332,037 | €264,853 | -€67,184 | -20.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €319,637 | €252,453 | -€67,184 | -21.0% |
| Distributable reserves | 133 | €319,637 | €252,453 | -€67,184 | -21.0% |
| Amounts payable | 17/49 | €59,291 | €78,195 | +€18,904 | +31.9% |
| Amounts payable after more than one year | 17 | €39,909 | €67,775 | +€27,865 | +69.8% |
| Financial debts | 170/4 | €39,909 | €67,775 | +€27,865 | +69.8% |
| Amounts payable within one year | 42/48 | €17,551 | €9,723 | -€7,828 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €10,205 | €9,168 | -€1,037 | -10.2% |
| Trade debts | 44 | €337 | €392 | +€54 | +16.2% |
| Suppliers | 440/4 | €337 | €392 | +€54 | +16.2% |
| Taxes, remuneration and social security | 45 | €7,009 | €163 | -€6,846 | -97.7% |
| Taxes | 450/3 | €349 | €163 | -€185 | -53.1% |
| Remuneration and social security | 454/9 | €6,661 | €0 | -€6,661 | -100% |
| Accrued charges and deferred income | 492/3 | €1,830 | €697 | -€1,133 | -61.9% |
| Remuneration, social security and pensions | 62 | €126,093 | €96,933 | -€29,160 | -23.1% |
| Other operating charges | 640/8 | €1,547 | €1,578 | +€31 | +2.0% |
| Non-recurring operating charges | 66A | - | €120 | +€120 | |
| Gross operating margin | 9900 | €159,164 | €62,469 | -€96,694 | -60.8% |
| Operating profit (loss) | 9901 | €31,524 | -€36,161 | -€67,685 | |
| Financial income | 75/76B | €2,143 | €1,797 | -€346 | -16.1% |
| Recurring financial income | 75 | €2,143 | €1,797 | -€346 | -16.1% |
| Financial charges | 65/66B | €36,380 | €32,542 | -€3,839 | -10.6% |
| Recurring financial charges | 65 | €36,380 | €32,542 | -€3,839 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,713 | -€66,906 | -€64,192 | -2,366% |
| Income taxes | 67/77 | €274 | €278 | +€4 | +1.5% |
| Profit (loss) for the period | 9904 | -€2,987 | -€67,184 | -€64,197 | -2,149% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,987 | -€67,184 | -€64,197 | -2,149% |
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 20 October 2026 via checked.be.