VERVIMO 2: 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.
VERVIMO 2
Largest movements
- Tangible fixed assets -€15,716
down €15,716 (-2.9%), from €536,752 to €521,036
- Deferred charges and accrued income -€10,203
down €10,203 (-79.1%), from €12,891 to €2,688
- Profit (loss) carried forward -€15,236
down €15,236 (-3.4%), from -€453,711 to -€468,948
- Current portion of long-term debt -€10,945
no longer reported in 2025 (was €10,945)
- Other debts -€6,520
down €6,520 (-3.0%), from €215,316 to €208,795
- Gross operating margin +€14,066
up €14,066 (+66.8%), from €21,058 to €35,124
- Other operating charges -€3,155
down €3,155 (-46.0%), from €6,856 to €3,701
- Financial charges +€1,587
up €1,587 (+16.7%), from €9,502 to €11,089
- Financial income -€1,203
down €1,203 (-98.1%), from €1,227 to €24
- Depreciation +€595
up €595 (+1.7%), from €34,999 to €35,594
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 | €619,224 | €590,688 | -€28,536 | -4.6% |
| Fixed assets | 21/28 | €536,752 | €521,036 | -€15,716 | -2.9% |
| Tangible fixed assets | 22/27 | €536,752 | €521,036 | -€15,716 | -2.9% |
| Land and buildings | 22 | €536,752 | €521,036 | -€15,716 | -2.9% |
| Current assets | 29/58 | €82,472 | €69,652 | -€12,820 | -15.5% |
| Amounts receivable within one year | 40/41 | €63,812 | €65,039 | +€1,227 | +1.9% |
| Other amounts receivable | 41 | €63,812 | €65,039 | +€1,227 | +1.9% |
| Cash at bank and in hand | 54/58 | €5,769 | €1,925 | -€3,844 | -66.6% |
| Deferred charges and accrued income | 490/1 | €12,891 | €2,688 | -€10,203 | -79.1% |
| Total equity and liabilities | 10/49 | €619,224 | €590,688 | -€28,536 | -4.6% |
| Equity | 10/15 | €73,093 | €57,856 | -€15,236 | -20.8% |
| Contributions | 10/11 | €503,790 | €503,790 | = | 0.0% |
| Capital | 10 | €485,000 | €485,000 | = | 0.0% |
| Issued capital | 100 | €485,000 | €485,000 | = | 0.0% |
| Outside capital | 11 | €18,790 | €18,790 | = | 0.0% |
| Share premium | 1100/10 | €18,790 | €18,790 | = | 0.0% |
| Reserves | 13 | €23,014 | €23,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €953 | €953 | = | 0.0% |
| Legal reserve | 130 | €953 | €953 | = | 0.0% |
| Distributable reserves | 133 | €22,060 | €22,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€453,711 | -€468,948 | -€15,236 | -3.4% |
| Amounts payable | 17/49 | €546,131 | €532,832 | -€13,300 | -2.4% |
| Amounts payable after more than one year | 17 | €306,716 | €306,716 | = | 0.0% |
| Financial debts | 170/4 | €305,000 | €305,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,716 | €1,716 | = | 0.0% |
| Amounts payable within one year | 42/48 | €230,836 | €217,342 | -€13,494 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €10,945 | - | -€10,945 | |
| Trade debts | 44 | €4,576 | €8,547 | +€3,971 | +86.8% |
| Suppliers | 440/4 | €4,576 | €8,547 | +€3,971 | +86.8% |
| Other amounts payable | 47/48 | €215,316 | €208,795 | -€6,520 | -3.0% |
| Accrued charges and deferred income | 492/3 | €8,580 | €8,774 | +€194 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,999 | €35,594 | +€595 | +1.7% |
| Other operating charges | 640/8 | €6,856 | €3,701 | -€3,155 | -46.0% |
| Gross operating margin | 9900 | €21,058 | €35,124 | +€14,066 | +66.8% |
| Operating profit (loss) | 9901 | -€20,797 | -€4,171 | +€16,626 | +79.9% |
| Financial income | 75/76B | €1,227 | €24 | -€1,203 | -98.1% |
| Recurring financial income | 75 | €1,227 | €24 | -€1,203 | -98.1% |
| Financial charges | 65/66B | €9,502 | €11,089 | +€1,587 | +16.7% |
| Recurring financial charges | 65 | €9,502 | €11,089 | +€1,587 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,072 | -€15,236 | +€13,835 | +47.6% |
| Profit (loss) for the period | 9904 | -€29,072 | -€15,236 | +€13,835 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,072 | -€15,236 | +€13,835 | +47.6% |
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.