VEERNICO: what changed
VEERNICO
Largest movements
- Deferred charges and accrued income -€100,111
down €100,111 (-96.0%), from €104,319 to €4,208
- Receivables within one year +€97,863
up €97,863 (+60.4%), from €162,001 to €259,864
of which Other amounts receivable: +€248,113
- Tangible fixed assets -€10,098
down €10,098 (-67.0%), from €15,065 to €4,966
- Cash -€3,940
down €3,940 (-81.4%), from €4,842 to €901
mainly Receivables within one year (-€97,863) and Debts after one year (-€42,859)
- Debts after one year -€42,859
down €42,859 (-31.1%), from €138,008 to €95,149
- Profit (loss) carried forward +€31,303
up €31,303 (+33.4%), from -€93,612 to -€62,309
- Tax, wage and social debts -€7,531
down €7,531 (-38.4%), from €19,623 to €12,091
- Current portion of long-term debt +€2,867
up €2,867 (+7.2%), from €39,992 to €42,859
- Gross operating margin -€89,601
down €89,601 (-59.7%), from €150,004 to €60,403
- Taxes +€6,732
up €6,732 (+2,126%), from €317 to €7,049
- Other operating charges -€2,360
down €2,360 (-91.1%), from €2,592 to €232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,226 | €269,940 | -€16,286 | -5.7% |
| Fixed assets | 21/28 | €15,065 | €4,966 | -€10,098 | -67.0% |
| Tangible fixed assets | 22/27 | €15,065 | €4,966 | -€10,098 | -67.0% |
| Furniture and vehicles | 24 | €15,065 | €4,966 | -€10,098 | -67.0% |
| Current assets | 29/58 | €271,161 | €264,974 | -€6,188 | -2.3% |
| Amounts receivable within one year | 40/41 | €162,001 | €259,864 | +€97,863 | +60.4% |
| Trade receivables | 40 | €150,250 | - | -€150,250 | |
| Other amounts receivable | 41 | €11,751 | €259,864 | +€248,113 | +2,111% |
| Cash at bank and in hand | 54/58 | €4,842 | €901 | -€3,940 | -81.4% |
| Deferred charges and accrued income | 490/1 | €104,319 | €4,208 | -€100,111 | -96.0% |
| Total equity and liabilities | 10/49 | €286,226 | €269,940 | -€16,286 | -5.7% |
| Equity | 10/15 | €88,389 | €119,691 | +€31,303 | +35.4% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,612 | -€62,309 | +€31,303 | +33.4% |
| Amounts payable | 17/49 | €197,838 | €150,249 | -€47,589 | -24.1% |
| Amounts payable after more than one year | 17 | €138,008 | €95,149 | -€42,859 | -31.1% |
| Financial debts | 170/4 | €138,008 | €95,149 | -€42,859 | -31.1% |
| Amounts payable within one year | 42/48 | €59,830 | €54,950 | -€4,879 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €39,992 | €42,859 | +€2,867 | +7.2% |
| Trade debts | 44 | €215 | - | -€215 | |
| Suppliers | 440/4 | €215 | - | -€215 | |
| Taxes, remuneration and social security | 45 | €19,623 | €12,091 | -€7,531 | -38.4% |
| Taxes | 450/3 | €19,623 | €12,091 | -€7,531 | -38.4% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,098 | €10,098 | = | 0.0% |
| Other operating charges | 640/8 | €2,592 | €232 | -€2,360 | -91.1% |
| Gross operating margin | 9900 | €150,004 | €60,403 | -€89,601 | -59.7% |
| Operating profit (loss) | 9901 | €137,314 | €50,073 | -€87,241 | -63.5% |
| Financial income | 75/76B | €116 | €1,597 | +€1,480 | +1,271% |
| Recurring financial income | 75 | €116 | €1,597 | +€1,480 | +1,271% |
| Financial charges | 65/66B | €12,683 | €13,318 | +€636 | +5.0% |
| Recurring financial charges | 65 | €12,683 | €13,318 | +€636 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €124,747 | €38,351 | -€86,396 | -69.3% |
| Income taxes | 67/77 | €317 | €7,049 | +€6,732 | +2,126% |
| Profit (loss) for the period | 9904 | €124,431 | €31,303 | -€93,128 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,431 | €31,303 | -€93,128 | -74.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.