Verphi: 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.
Verphi
Largest movements
- Cash -€22,279
down €22,279 (-43.2%), from €51,518 to €29,239
mainly Receivables within one year (-€10,109) and Investment in fixed assets (net) (-€8,668)
- Receivables within one year +€10,109
up €10,109 (+62.4%), from €16,196 to €26,305
of which Other amounts receivable: +€12,244
- Tangible fixed assets +€6,263
up €6,263 (+106%), from €5,917 to €12,180
of which Furniture and vehicles: +€6,977
- Current investments +€1,800
new in 2025: €1,800
- Tax, wage and social debts -€5,670
down €5,670 (-21.3%), from €26,584 to €20,914
- Debts after one year +€2,594
up €2,594 (+213%), from €1,219 to €3,813
- Reserves -€1,043
down €1,043 (-2.5%), from €41,560 to €40,517
- Other debts -€833
down €833 (-100%), from €833 to €0
- Trade debts +€782
up €782 (+35.9%), from €2,180 to €2,962
- Financial charges +€21,545
up €21,545 (+63.4%), from €33,995 to €55,540
- Financial income +€15,046
up €15,046 (+108%), from €13,869 to €28,916
- Gross operating margin +€3,657
up €3,657 (+9.8%), from €37,268 to €40,925
- Taxes +€3,222
up €3,222 (+33.6%), from €9,597 to €12,820
- Depreciation +€916
up €916 (+61.5%), from €1,489 to €2,405
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.
Derived cash bridge
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 | €76,073 | €71,974 | -€4,099 | -5.4% |
| Fixed assets | 21/28 | €5,917 | €12,180 | +€6,263 | +106% |
| Tangible fixed assets | 22/27 | €5,917 | €12,180 | +€6,263 | +106% |
| Plant, machinery and equipment | 23 | €755 | €273 | -€482 | -63.9% |
| Furniture and vehicles | 24 | €4,096 | €11,073 | +€6,977 | +170% |
| Other tangible fixed assets | 26 | €1,066 | €834 | -€232 | -21.8% |
| Current assets | 29/58 | €70,157 | €59,794 | -€10,362 | -14.8% |
| Amounts receivable within one year | 40/41 | €16,196 | €26,305 | +€10,109 | +62.4% |
| Trade receivables | 40 | €13,896 | €11,761 | -€2,135 | -15.4% |
| Other amounts receivable | 41 | €2,300 | €14,544 | +€12,244 | +532% |
| Current investments | 50/53 | - | €1,800 | +€1,800 | |
| Cash at bank and in hand | 54/58 | €51,518 | €29,239 | -€22,279 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,442 | €2,451 | +€9 | +0.3% |
| Total equity and liabilities | 10/49 | €76,073 | €71,974 | -€4,099 | -5.4% |
| Equity | 10/15 | €43,560 | €42,517 | -€1,043 | -2.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,560 | €40,517 | -€1,043 | -2.5% |
| Distributable reserves | 133 | €41,560 | €40,517 | -€1,043 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,513 | €29,458 | -€3,055 | -9.4% |
| Amounts payable after more than one year | 17 | €1,219 | €3,813 | +€2,594 | +213% |
| Financial debts | 170/4 | €1,219 | €3,813 | +€2,594 | +213% |
| Amounts payable within one year | 42/48 | €31,278 | €25,644 | -€5,634 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €1,681 | €1,768 | +€87 | +5.2% |
| Trade debts | 44 | €2,180 | €2,962 | +€782 | +35.9% |
| Suppliers | 440/4 | €2,180 | €2,962 | +€782 | +35.9% |
| Taxes, remuneration and social security | 45 | €26,584 | €20,914 | -€5,670 | -21.3% |
| Taxes | 450/3 | €26,584 | €20,914 | -€5,670 | -21.3% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €2,405 | +€916 | +61.5% |
| Other operating charges | 640/8 | €148 | €120 | -€28 | -18.9% |
| Gross operating margin | 9900 | €37,268 | €40,925 | +€3,657 | +9.8% |
| Operating profit (loss) | 9901 | €35,631 | €38,400 | +€2,769 | +7.8% |
| Financial income | 75/76B | €13,869 | €28,916 | +€15,046 | +108% |
| Recurring financial income | 75 | €13,869 | €28,916 | +€15,046 | +108% |
| Financial charges | 65/66B | €33,995 | €55,540 | +€21,545 | +63.4% |
| Recurring financial charges | 65 | €33,995 | €55,540 | +€21,545 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €15,505 | €11,776 | -€3,729 | -24.0% |
| Income taxes | 67/77 | €9,597 | €12,820 | +€3,222 | +33.6% |
| Profit (loss) for the period | 9904 | €5,908 | -€1,043 | -€6,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,908 | -€1,043 | -€6,951 |
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 1 November 2026 via checked.be.