VEBORENT: 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.
VEBORENT
Largest movements
- Receivables within one year -€23,060
down €23,060 (-66.4%), from €34,717 to €11,657
of which Trade receivables: -€22,646
- Stocks and contracts +€2,000
up €2,000 (+45.0%), from €4,449 to €6,449
- Tangible fixed assets +€1,497
up €1,497 (+29.3%), from €5,102 to €6,600
of which Furniture and vehicles: +€2,530
- Deferred charges and accrued income -€737
down €737 (-68.1%), from €1,081 to €345
- Profit (loss) carried forward -€18,058
down €18,058 (-36.0%), from -€50,211 to -€68,269
- Short-term financial debts +€6,179
new in 2025: €6,179
- Accrued charges and deferred income -€5,968
no longer reported in 2025 (was €5,968)
- Trade debts -€3,033
down €3,033 (-95.3%), from €3,183 to €150
- Other debts +€581
up €581 (+1.3%), from €43,221 to €43,802
- Gross operating margin -€17,787
down €17,787, from €4,179 to -€13,608
- Financial charges -€428
down €428 (-41.8%), from €1,023 to €595
- Other operating charges +€238
up €238 (+29.1%), from €818 to €1,055
- Taxes -€178
no longer reported in 2025 (was €178)
- Depreciation +€164
up €164 (+6.2%), from €2,635 to €2,800
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,417 | €25,118 | -€20,299 | -44.7% |
| Fixed assets | 21/28 | €5,171 | €6,668 | +€1,497 | +29.0% |
| Tangible fixed assets | 22/27 | €5,102 | €6,600 | +€1,497 | +29.3% |
| Land and buildings | 22 | €1,182 | €995 | -€187 | -15.8% |
| Plant, machinery and equipment | 23 | €1,782 | €936 | -€846 | -47.5% |
| Furniture and vehicles | 24 | €2,138 | €4,668 | +€2,530 | +118.3% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €40,247 | €18,450 | -€21,797 | -54.2% |
| Stocks and contracts in progress | 3 | €4,449 | €6,449 | +€2,000 | +45.0% |
| Stocks | 30/36 | €4,449 | €6,449 | +€2,000 | +45.0% |
| Amounts receivable within one year | 40/41 | €34,717 | €11,657 | -€23,060 | -66.4% |
| Trade receivables | 40 | €33,893 | €11,247 | -€22,646 | -66.8% |
| Other amounts receivable | 41 | €824 | €410 | -€414 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,081 | €345 | -€737 | -68.1% |
| Total equity and liabilities | 10/49 | €45,417 | €25,118 | -€20,299 | -44.7% |
| Equity | 10/15 | -€7,516 | -€25,574 | -€18,058 | -240.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,095 | €24,095 | = | 0.0% |
| Distributable reserves | 133 | €24,095 | €24,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,211 | -€68,269 | -€18,058 | -36.0% |
| Amounts payable | 17/49 | €52,934 | €50,692 | -€2,241 | -4.2% |
| Amounts payable within one year | 42/48 | €46,965 | €50,692 | +€3,727 | +7.9% |
| Financial debts | 43 | - | €6,179 | +€6,179 | |
| Credit institutions | 430/8 | - | €6,179 | +€6,179 | |
| Trade debts | 44 | €3,183 | €150 | -€3,033 | -95.3% |
| Suppliers | 440/4 | €3,183 | €150 | -€3,033 | -95.3% |
| Taxes, remuneration and social security | 45 | €562 | €562 | = | 0.0% |
| Taxes | 450/3 | €562 | €562 | = | 0.0% |
| Other amounts payable | 47/48 | €43,221 | €43,802 | +€581 | +1.3% |
| Accrued charges and deferred income | 492/3 | €5,968 | - | -€5,968 | |
| Non-recurring operating income | 76A | €9,463 | - | -€9,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,635 | €2,800 | +€164 | +6.2% |
| Other operating charges | 640/8 | €818 | €1,055 | +€238 | +29.1% |
| Gross operating margin | 9900 | €4,179 | -€13,608 | -€17,787 | |
| Operating profit (loss) | 9901 | €726 | -€17,463 | -€18,189 | |
| Financial charges | 65/66B | €1,023 | €595 | -€428 | -41.8% |
| Recurring financial charges | 65 | €1,023 | €595 | -€428 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€297 | -€18,058 | -€17,761 | -5977.7% |
| Income taxes | 67/77 | €178 | - | -€178 | |
| Profit (loss) for the period | 9904 | -€475 | -€18,058 | -€17,583 | -3704.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€475 | -€18,058 | -€17,583 | -3704.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.