DAVID VEREDAS: 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.
DAVID VEREDAS
Largest movements
- Cash +€23,903
up €23,903 (+17.5%), from €136,849 to €160,751
mainly Net result for the year (+€132,332) and Other debts (+€56,182)
- Receivables within one year -€18,710
down €18,710 (-30.8%), from €60,702 to €41,992
of which Other amounts receivable: -€18,854
- Other debts +€56,182
up €56,182 (+160.5%), from €35,000 to €91,182
- Profit (loss) carried forward -€54,671
down €54,671 (-52.2%), from €104,671 to €50,000
- Tax, wage and social debts +€4,473
up €4,473 (+8.6%), from €51,751 to €56,224
- Gross operating margin +€23,485
up €23,485 (+14.7%), from €159,735 to €183,221
- Taxes +€7,319
up €7,319 (+17.0%), from €42,989 to €50,308
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 | €197,550 | €202,743 | +€5,193 | +2.6% |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Current assets | 29/58 | €197,550 | €202,743 | +€5,193 | +2.6% |
| Amounts receivable within one year | 40/41 | €60,702 | €41,992 | -€18,710 | -30.8% |
| Trade receivables | 40 | €21,878 | €22,022 | +€144 | +0.7% |
| Other amounts receivable | 41 | €38,824 | €19,970 | -€18,854 | -48.6% |
| Cash at bank and in hand | 54/58 | €136,849 | €160,751 | +€23,903 | +17.5% |
| Total equity and liabilities | 10/49 | €197,550 | €202,743 | +€5,193 | +2.6% |
| Equity | 10/15 | €109,671 | €55,000 | -€54,671 | -49.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,671 | €50,000 | -€54,671 | -52.2% |
| Amounts payable | 17/49 | €87,879 | €147,743 | +€59,864 | +68.1% |
| Amounts payable within one year | 42/48 | €87,879 | €147,743 | +€59,864 | +68.1% |
| Trade debts | 44 | €1,129 | €338 | -€791 | -70.1% |
| Suppliers | 440/4 | €1,129 | €338 | -€791 | -70.1% |
| Taxes, remuneration and social security | 45 | €51,751 | €56,224 | +€4,473 | +8.6% |
| Taxes | 450/3 | €51,751 | €56,224 | +€4,473 | +8.6% |
| Other amounts payable | 47/48 | €35,000 | €91,182 | +€56,182 | +160.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | - | -€178 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €159,735 | €183,221 | +€23,485 | +14.7% |
| Operating profit (loss) | 9901 | €159,173 | €182,833 | +€23,660 | +14.9% |
| Financial income | 75/76B | €1,175 | - | -€1,175 | |
| Recurring financial income | 75 | €1,175 | - | -€1,175 | |
| Financial charges | 65/66B | €499 | €194 | -€306 | -61.2% |
| Recurring financial charges | 65 | €499 | €194 | -€306 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €159,849 | €182,640 | +€22,791 | +14.3% |
| Income taxes | 67/77 | €42,989 | €50,308 | +€7,319 | +17.0% |
| Profit (loss) for the period | 9904 | €116,860 | €132,332 | +€15,472 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,860 | €132,332 | +€15,472 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.