V.E.R.: 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.
V.E.R.
Largest movements
- Cash -€7,933
down €7,933 (-94.1%), from €8,426 to €493
mainly Net result for the year (-€23,392) and Trade debts (-€371)
- Receivables within one year -€1,404
down €1,404 (-19.1%), from €7,343 to €5,939
- Profit (loss) carried forward -€23,392
down €23,392 (-65.1%), from -€35,934 to -€59,325
- Other debts +€11,909
up €11,909 (+44.2%), from €26,927 to €38,836
- Short-term financial debts +€1,516
new in 2024: €1,516
- Tax, wage and social debts +€1,000
new in 2024: €1,000
- Gross operating margin +€3,206
up €3,206 (+14.0%), from -€22,899 to -€19,693
- Other operating charges -€598
down €598 (-39.5%), from €1,514 to €915
- Financial charges -€402
down €402 (-12.6%), from €3,189 to €2,786
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,549 | €72,212 | -€9,337 | -11.4% |
| Fixed assets | 21/28 | €2,160 | €2,160 | = | 0.0% |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €79,389 | €70,052 | -€9,337 | -11.8% |
| Stocks and contracts in progress | 3 | €63,620 | €63,620 | = | 0.0% |
| Stocks | 30/36 | €63,620 | €63,620 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,343 | €5,939 | -€1,404 | -19.1% |
| Other amounts receivable | 41 | €7,343 | €5,939 | -€1,404 | -19.1% |
| Cash at bank and in hand | 54/58 | €8,426 | €493 | -€7,933 | -94.1% |
| Total equity and liabilities | 10/49 | €81,549 | €72,212 | -€9,337 | -11.4% |
| Equity | 10/15 | €36,991 | €13,599 | -€23,392 | -63.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €66,727 | €66,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €64,868 | €64,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,934 | -€59,325 | -€23,392 | -65.1% |
| Amounts payable | 17/49 | €44,558 | €58,613 | +€14,055 | +31.5% |
| Amounts payable within one year | 42/48 | €44,558 | €58,613 | +€14,055 | +31.5% |
| Financial debts | 43 | - | €1,516 | +€1,516 | |
| Credit institutions | 430/8 | - | €1,516 | +€1,516 | |
| Trade debts | 44 | €17,631 | €17,261 | -€371 | -2.1% |
| Suppliers | 440/4 | €17,631 | €17,261 | -€371 | -2.1% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €26,927 | €38,836 | +€11,909 | +44.2% |
| Other operating charges | 640/8 | €1,514 | €915 | -€598 | -39.5% |
| Gross operating margin | 9900 | -€22,899 | -€19,693 | +€3,206 | +14.0% |
| Operating profit (loss) | 9901 | -€24,412 | -€20,608 | +€3,804 | +15.6% |
| Financial income | 75/76B | €4 | €3 | -€1 | -26.6% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -26.6% |
| Financial charges | 65/66B | €3,189 | €2,786 | -€402 | -12.6% |
| Recurring financial charges | 65 | €3,189 | €2,786 | -€402 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,597 | -€23,392 | +€4,205 | +15.2% |
| Profit (loss) for the period | 9904 | -€27,597 | -€23,392 | +€4,205 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,597 | -€23,392 | +€4,205 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.