VERVISCH: 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.
VERVISCH
Largest movements
- Current investments -€15,000
down €15,000 (-1.5%), from €1.0m to €1.0m
- Profit (loss) carried forward -€10,824
new in 2026: -€10,824
- Gross operating margin -€697,556
down €697,556, from €676,701 to -€20,856
- Taxes -€212,817
down €212,817 (-100.0%), from €212,817 to €0
- Financial income +€18,978
up €18,978 (+13945.2%), from €136 to €19,114
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,025,396 | €1,010,443 | -€14,953 | -1.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €1,025,396 | €1,010,443 | -€14,953 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,555 | €5,581 | +€4,026 | +258.8% |
| Trade receivables | 40 | €1,555 | €0 | -€1,555 | -100.0% |
| Other amounts receivable | 41 | €0 | €5,581 | +€5,581 | |
| Current investments | 50/53 | €1,015,000 | €1,000,000 | -€15,000 | -1.5% |
| Cash at bank and in hand | 54/58 | €8,840 | €4,862 | -€3,979 | -45.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,025,396 | €1,010,443 | -€14,953 | -1.5% |
| Equity | 10/15 | €1,019,549 | €1,008,725 | -€10,824 | -1.1% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Capital | 10 | €62,400 | €62,400 | = | 0.0% |
| Issued capital | 100 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €957,149 | €957,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,240 | €6,240 | = | 0.0% |
| Legal reserve | 130 | €6,240 | €6,240 | = | 0.0% |
| Distributable reserves | 133 | €950,909 | €950,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,824 | -€10,824 | |
| Amounts payable | 17/49 | €5,847 | €1,718 | -€4,129 | -70.6% |
| Amounts payable within one year | 42/48 | €5,847 | €1,718 | -€4,129 | -70.6% |
| Trade debts | 44 | €0 | €1,718 | +€1,718 | |
| Suppliers | 440/4 | €0 | €1,718 | +€1,718 | |
| Taxes, remuneration and social security | 45 | €5,847 | €0 | -€5,847 | -100.0% |
| Taxes | 450/3 | €5,847 | €0 | -€5,847 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €652,719 | €0 | -€652,719 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €12,057 | €8,904 | -€3,153 | -26.1% |
| Gross operating margin | 9900 | €676,701 | -€20,856 | -€697,556 | |
| Operating profit (loss) | 9901 | €664,644 | -€29,760 | -€694,403 | |
| Financial income | 75/76B | €136 | €19,114 | +€18,978 | +13945.2% |
| Recurring financial income | 75 | €136 | €19,114 | +€18,978 | +13945.2% |
| Financial charges | 65/66B | €209 | €178 | -€31 | -14.6% |
| Recurring financial charges | 65 | €209 | €178 | -€31 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €664,571 | -€10,824 | -€675,395 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €212,817 | €0 | -€212,817 | -100.0% |
| Profit (loss) for the period | 9904 | €451,754 | -€10,824 | -€462,578 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €451,754 | -€10,824 | -€462,578 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.