VERVODI: 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.
VERVODI
Largest movements
- Cash +€15,272
up €15,272 (+52.4%), from €29,132 to €44,404
mainly Net result for the year (+€14,600) and Receivables within one year (+€5,303)
- Receivables within one year -€5,303
down €5,303 (-47.1%), from €11,250 to €5,948
of which Trade receivables: -€11,192
- Deferred charges and accrued income -€1,063
down €1,063 (-49.2%), from €2,158 to €1,095
- Tangible fixed assets -€605
down €605 (-23.2%), from €2,611 to €2,006
- Reserves +€15,000
up €15,000 (+45.5%), from €33,000 to €48,000
- Trade debts -€5,574
down €5,574 (-82.0%), from €6,794 to €1,220
- Gross operating margin -€23,641
down €23,641 (-52.4%), from €45,109 to €21,468
- Taxes -€5,159
down €5,159 (-57.7%), from €8,942 to €3,783
- Financial charges +€746
up €746 (+45.0%), from €1,655 to €2,401
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 | €45,150 | €53,452 | +€8,302 | +18.4% |
| Fixed assets | 21/28 | €2,611 | €2,006 | -€605 | -23.2% |
| Tangible fixed assets | 22/27 | €2,611 | €2,006 | -€605 | -23.2% |
| Plant, machinery and equipment | 23 | €2,611 | €2,006 | -€605 | -23.2% |
| Current assets | 29/58 | €42,540 | €51,447 | +€8,907 | +20.9% |
| Amounts receivable within one year | 40/41 | €11,250 | €5,948 | -€5,303 | -47.1% |
| Trade receivables | 40 | €11,192 | - | -€11,192 | |
| Other amounts receivable | 41 | €58 | €5,948 | +€5,889 | +10149.0% |
| Cash at bank and in hand | 54/58 | €29,132 | €44,404 | +€15,272 | +52.4% |
| Deferred charges and accrued income | 490/1 | €2,158 | €1,095 | -€1,063 | -49.2% |
| Total equity and liabilities | 10/49 | €45,150 | €53,452 | +€8,302 | +18.4% |
| Equity | 10/15 | €35,616 | €50,216 | +€14,600 | +41.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €48,000 | +€15,000 | +45.5% |
| Distributable reserves | 133 | €33,000 | €48,000 | +€15,000 | +45.5% |
| Profit (loss) carried forward | 14 | €616 | €216 | -€400 | -65.0% |
| Amounts payable | 17/49 | €9,534 | €3,236 | -€6,298 | -66.1% |
| Amounts payable within one year | 42/48 | €9,534 | €3,236 | -€6,298 | -66.1% |
| Trade debts | 44 | €6,794 | €1,220 | -€5,574 | -82.0% |
| Suppliers | 440/4 | €6,794 | €1,220 | -€5,574 | -82.0% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,017 | -€483 | -19.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,017 | -€483 | -19.3% |
| Other amounts payable | 47/48 | €241 | - | -€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414 | €605 | +€191 | +46.0% |
| Other operating charges | 640/8 | €481 | €118 | -€363 | -75.5% |
| Gross operating margin | 9900 | €45,109 | €21,468 | -€23,641 | -52.4% |
| Operating profit (loss) | 9901 | €44,214 | €20,745 | -€23,468 | -53.1% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €1,655 | €2,401 | +€746 | +45.0% |
| Recurring financial charges | 65 | €1,655 | €2,401 | +€746 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €42,558 | €18,383 | -€24,175 | -56.8% |
| Income taxes | 67/77 | €8,942 | €3,783 | -€5,159 | -57.7% |
| Profit (loss) for the period | 9904 | €33,616 | €14,600 | -€19,016 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,616 | €14,600 | -€19,016 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.