LA VERITE: 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.
LA VERITE
Largest movements
- Cash +€33,312
up €33,312 (+216%), from €15,441 to €48,753
mainly Net result for the year (+€31,144) and Depreciation (+€17,377)
- Current investments -€16,898
no longer reported in 2025 (was €16,898)
- Receivables within one year -€13,936
down €13,936 (-72.0%), from €19,347 to €5,411
of which Other amounts receivable: -€15,158
- Tangible fixed assets -€13,704
down €13,704 (-5.5%), from €247,530 to €233,825
of which Land and buildings: -€13,323
- Debts after one year -€23,383
no longer reported in 2025 (was €23,383)
- Current portion of long-term debt -€10,224
no longer reported in 2025 (was €10,224)
- Other debts +€10,169
up €10,169 (+321%), from €3,163 to €13,332
- Reserves +€6,144
up €6,144 (+3.9%), from €159,059 to €165,204
of which Distributable reserves: +€6,144
- Tax, wage and social debts +€4,197
up €4,197 (+107%), from €3,930 to €8,127
of which Remuneration and social security: +€2,675
- Gross operating margin +€43,807
up €43,807 (+282%), from €15,549 to €59,356
- Taxes +€11,090
up €11,090 (+3,045%), from €364 to €11,454
- Depreciation +€2,373
up €2,373 (+15.8%), from €15,003 to €17,377
- Financial income +€1,376
up €1,376 (+55.9%), from €2,462 to €3,838
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 | €301,706 | €289,138 | -€12,568 | -4.2% |
| Fixed assets | 21/28 | €247,530 | €233,825 | -€13,704 | -5.5% |
| Tangible fixed assets | 22/27 | €247,530 | €233,825 | -€13,704 | -5.5% |
| Land and buildings | 22 | €239,743 | €226,420 | -€13,323 | -5.6% |
| Plant, machinery and equipment | 23 | €7,091 | €6,428 | -€663 | -9.3% |
| Furniture and vehicles | 24 | €695 | €977 | +€282 | +40.5% |
| Current assets | 29/58 | €54,176 | €55,312 | +€1,136 | +2.1% |
| Amounts receivable within one year | 40/41 | €19,347 | €5,411 | -€13,936 | -72.0% |
| Trade receivables | 40 | - | €1,222 | +€1,222 | |
| Other amounts receivable | 41 | €19,347 | €4,189 | -€15,158 | -78.3% |
| Current investments | 50/53 | €16,898 | - | -€16,898 | |
| Cash at bank and in hand | 54/58 | €15,441 | €48,753 | +€33,312 | +216% |
| Deferred charges and accrued income | 490/1 | €2,490 | €1,148 | -€1,342 | -53.9% |
| Total equity and liabilities | 10/49 | €301,706 | €289,138 | -€12,568 | -4.2% |
| Equity | 10/15 | €259,059 | €265,204 | +€6,144 | +2.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €159,059 | €165,204 | +€6,144 | +3.9% |
| Non-distributable reserves | 130/1 | €382 | €382 | = | 0.0% |
| Reserves not available under the articles | 1311 | €382 | €382 | = | 0.0% |
| Distributable reserves | 133 | €158,677 | €164,822 | +€6,144 | +3.9% |
| Amounts payable | 17/49 | €42,646 | €23,934 | -€18,712 | -43.9% |
| Amounts payable after more than one year | 17 | €23,383 | - | -€23,383 | |
| Financial debts | 170/4 | €23,383 | - | -€23,383 | |
| Amounts payable within one year | 42/48 | €19,263 | €23,934 | +€4,671 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €10,224 | - | -€10,224 | |
| Trade debts | 44 | €1,946 | €2,476 | +€530 | +27.2% |
| Suppliers | 440/4 | €1,946 | €2,476 | +€530 | +27.2% |
| Taxes, remuneration and social security | 45 | €3,930 | €8,127 | +€4,197 | +107% |
| Taxes | 450/3 | €3,930 | €5,452 | +€1,522 | +38.7% |
| Remuneration and social security | 454/9 | - | €2,675 | +€2,675 | |
| Other amounts payable | 47/48 | €3,163 | €13,332 | +€10,169 | +321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,003 | €17,377 | +€2,373 | +15.8% |
| Other operating charges | 640/8 | €2,369 | €2,151 | -€219 | -9.2% |
| Gross operating margin | 9900 | €15,549 | €59,356 | +€43,807 | +282% |
| Operating profit (loss) | 9901 | -€1,824 | €39,829 | +€41,653 | |
| Financial income | 75/76B | €2,462 | €3,838 | +€1,376 | +55.9% |
| Recurring financial income | 75 | €2,462 | €3,838 | +€1,376 | +55.9% |
| Financial charges | 65/66B | €935 | €1,068 | +€134 | +14.3% |
| Recurring financial charges | 65 | €935 | €1,068 | +€134 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€297 | €42,599 | +€42,895 | |
| Income taxes | 67/77 | €364 | €11,454 | +€11,090 | +3,045% |
| Profit (loss) for the period | 9904 | -€661 | €31,144 | +€31,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€661 | €31,144 | +€31,805 |
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 25 October 2026 via checked.be.