VERWIMP: 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.
VERWIMP
Largest movements
- Stocks and contracts +€42,822
up €42,822 (+28.7%), from €149,350 to €192,172
- Tangible fixed assets -€19,148
down €19,148 (-6.9%), from €278,270 to €259,122
of which Land and buildings: -€19,739
- Receivables within one year -€18,251
down €18,251 (-51.8%), from €35,228 to €16,977
of which Other amounts receivable: -€19,480
- Profit (loss) carried forward -€50,366
down €50,366 (-160.4%), from -€31,403 to -€81,769
- Trade debts +€20,273
up €20,273 (+7.8%), from €259,010 to €279,283
- Current portion of long-term debt +€11,478
up €11,478 (+34.9%), from €32,851 to €44,329
- Debts after one year +€10,772
up €10,772 (+17.0%), from €63,202 to €73,974
- Staff costs +€49,139
up €49,139 (+20.3%), from €242,431 to €291,570
- Gross operating margin +€26,606
up €26,606 (+7.9%), from €334,785 to €361,391
- Depreciation +€13,478
up €13,478 (+18.8%), from €71,539 to €85,017
- Other operating charges -€5,179
down €5,179 (-19.6%), from €26,433 to €21,254
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 | €672,987 | €675,009 | +€2,022 | +0.3% |
| Fixed assets | 21/28 | €292,124 | €272,976 | -€19,148 | -6.6% |
| Tangible fixed assets | 22/27 | €278,270 | €259,122 | -€19,148 | -6.9% |
| Land and buildings | 22 | €170,768 | €151,029 | -€19,739 | -11.6% |
| Plant, machinery and equipment | 23 | €28,214 | €56,943 | +€28,729 | +101.8% |
| Furniture and vehicles | 24 | €22,004 | €7,498 | -€14,506 | -65.9% |
| Leasing and similar rights | 25 | €57,284 | €43,652 | -€13,632 | -23.8% |
| Financial fixed assets | 28 | €13,854 | €13,854 | = | 0.0% |
| Current assets | 29/58 | €380,863 | €402,033 | +€21,170 | +5.6% |
| Stocks and contracts in progress | 3 | €149,350 | €192,172 | +€42,822 | +28.7% |
| Stocks | 30/36 | €149,350 | €192,172 | +€42,822 | +28.7% |
| Amounts receivable within one year | 40/41 | €35,228 | €16,977 | -€18,251 | -51.8% |
| Trade receivables | 40 | - | €1,230 | +€1,230 | |
| Other amounts receivable | 41 | €35,228 | €15,748 | -€19,480 | -55.3% |
| Cash at bank and in hand | 54/58 | €189,679 | €188,414 | -€1,265 | -0.7% |
| Deferred charges and accrued income | 490/1 | €6,606 | €4,471 | -€2,136 | -32.3% |
| Total equity and liabilities | 10/49 | €672,987 | €675,009 | +€2,022 | +0.3% |
| Equity | 10/15 | €110,805 | €60,440 | -€50,366 | -45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,609 | €123,609 | = | 0.0% |
| Distributable reserves | 133 | €123,609 | €123,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,403 | -€81,769 | -€50,366 | -160.4% |
| Amounts payable | 17/49 | €562,181 | €614,569 | +€52,388 | +9.3% |
| Amounts payable after more than one year | 17 | €63,202 | €73,974 | +€10,772 | +17.0% |
| Financial debts | 170/4 | €63,202 | €73,974 | +€10,772 | +17.0% |
| Amounts payable within one year | 42/48 | €493,047 | €531,693 | +€38,646 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €32,851 | €44,329 | +€11,478 | +34.9% |
| Financial debts | 43 | €121,023 | €121,683 | +€659 | +0.5% |
| Other loans | 439 | €121,023 | €121,683 | +€659 | +0.5% |
| Trade debts | 44 | €259,010 | €279,283 | +€20,273 | +7.8% |
| Suppliers | 440/4 | €259,010 | €279,283 | +€20,273 | +7.8% |
| Taxes, remuneration and social security | 45 | €47,472 | €52,725 | +€5,253 | +11.1% |
| Taxes | 450/3 | €6,690 | €4,460 | -€2,230 | -33.3% |
| Remuneration and social security | 454/9 | €40,782 | €48,265 | +€7,483 | +18.3% |
| Other amounts payable | 47/48 | €32,690 | €33,673 | +€983 | +3.0% |
| Accrued charges and deferred income | 492/3 | €5,932 | €8,902 | +€2,970 | +50.1% |
| Remuneration, social security and pensions | 62 | €242,431 | €291,570 | +€49,139 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,539 | €85,017 | +€13,478 | +18.8% |
| Other operating charges | 640/8 | €26,433 | €21,254 | -€5,179 | -19.6% |
| Gross operating margin | 9900 | €334,785 | €361,391 | +€26,606 | +7.9% |
| Operating profit (loss) | 9901 | -€5,619 | -€36,450 | -€30,831 | -548.7% |
| Financial income | 75/76B | €3,944 | €3,944 | -€0 | 0.0% |
| Recurring financial income | 75 | €3,944 | €3,944 | -€0 | 0.0% |
| Financial charges | 65/66B | €16,461 | €17,860 | +€1,399 | +8.5% |
| Recurring financial charges | 65 | €16,461 | €17,860 | +€1,399 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,135 | -€50,366 | -€32,231 | -177.7% |
| Income taxes | 67/77 | €155 | - | -€155 | |
| Profit (loss) for the period | 9904 | -€18,289 | -€50,366 | -€32,076 | -175.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,289 | -€50,366 | -€32,076 | -175.4% |
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 4 October 2026 via checked.be.