VerZeker: 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.
VerZeker
Largest movements
- Receivables within one year +€28,188
up €28,188 (+255.3%), from €11,039 to €39,228
of which Trade receivables: +€14,726
- Cash +€23,683
up €23,683 (+749.2%), from €3,161 to €26,844
mainly Net result for the year (+€27,869) and Depreciation (+€24,042)
- Intangible fixed assets -€23,125
down €23,125 (-10.0%), from €231,250 to €208,125
- Profit (loss) carried forward +€27,869
up €27,869, from -€6,941 to €20,928
- Debts after one year -€20,018
down €20,018 (-9.5%), from €210,728 to €190,710
- Tax, wage and social debts +€13,148
new in 2025: €13,148
- Short-term financial debts +€3,326
up €3,326 (+133.6%), from €2,490 to €5,816
- Gross operating margin +€144,075
up €144,075, from -€15,045 to €129,030
- Purchases and services +€98,169
up €98,169 (+112.3%), from €87,449 to €185,617
- Staff costs +€53,048
new in 2025: €53,048
- Depreciation +€23,572
up €23,572 (+5014.9%), from €470 to €24,042
- Financial charges +€17,980
up €17,980 (+5815.4%), from €309 to €18,289
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 | €250,039 | €277,804 | +€27,765 | +11.1% |
| Fixed assets | 21/28 | €232,881 | €209,988 | -€22,893 | -9.8% |
| Intangible fixed assets | 21 | €231,250 | €208,125 | -€23,125 | -10.0% |
| Tangible fixed assets | 22/27 | €1,631 | €1,863 | +€232 | +14.2% |
| Furniture and vehicles | 24 | €1,631 | €1,863 | +€232 | +14.2% |
| Current assets | 29/58 | €17,158 | €67,816 | +€50,658 | +295.2% |
| Amounts receivable within one year | 40/41 | €11,039 | €39,228 | +€28,188 | +255.3% |
| Trade receivables | 40 | €7,553 | €22,278 | +€14,726 | +195.0% |
| Other amounts receivable | 41 | €3,487 | €16,949 | +€13,463 | +386.1% |
| Cash at bank and in hand | 54/58 | €3,161 | €26,844 | +€23,683 | +749.2% |
| Deferred charges and accrued income | 490/1 | €2,958 | €1,745 | -€1,213 | -41.0% |
| Total equity and liabilities | 10/49 | €250,039 | €277,804 | +€27,765 | +11.1% |
| Equity | 10/15 | -€941 | €26,928 | +€27,869 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,941 | €20,928 | +€27,869 | |
| Amounts payable | 17/49 | €250,980 | €250,876 | -€104 | 0.0% |
| Amounts payable after more than one year | 17 | €210,728 | €190,710 | -€20,018 | -9.5% |
| Financial debts | 170/4 | €210,728 | €190,710 | -€20,018 | -9.5% |
| Amounts payable within one year | 42/48 | €40,252 | €60,166 | +€19,914 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €19,272 | €20,018 | +€746 | +3.9% |
| Financial debts | 43 | €2,490 | €5,816 | +€3,326 | +133.6% |
| Credit institutions | 430/8 | €2,490 | €5,816 | +€3,326 | +133.6% |
| Trade debts | 44 | €18,490 | €21,184 | +€2,693 | +14.6% |
| Suppliers | 440/4 | €18,490 | €21,184 | +€2,693 | +14.6% |
| Taxes, remuneration and social security | 45 | - | €13,148 | +€13,148 | |
| Remuneration and social security | 454/9 | - | €13,148 | +€13,148 | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,449 | €185,617 | +€98,169 | +112.3% |
| Remuneration, social security and pensions | 62 | - | €53,048 | +€53,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €24,042 | +€23,572 | +5014.9% |
| Other operating charges | 640/8 | €505 | €905 | +€400 | +79.1% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€15,045 | €129,030 | +€144,075 | |
| Operating profit (loss) | 9901 | -€16,071 | €51,035 | +€67,106 | |
| Financial income | 75/76B | €1 | €14 | +€14 | +2682.4% |
| Recurring financial income | 75 | €1 | €14 | +€14 | +2682.4% |
| Financial charges | 65/66B | €309 | €18,289 | +€17,980 | +5815.4% |
| Recurring financial charges | 65 | €309 | €18,289 | +€17,980 | +5815.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,379 | €32,760 | +€49,139 | |
| Income taxes | 67/77 | - | €4,891 | +€4,891 | |
| Profit (loss) for the period | 9904 | -€16,379 | €27,869 | +€44,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,379 | €27,869 | +€44,248 |
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 12 October 2026 via checked.be.