VERA GROUP: 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.
VERA GROUP
Largest movements
- Cash -€30,039
down €30,039 (-62.7%), from €47,943 to €17,904
mainly Receivables within one year (-€23,198) and Investment in fixed assets (net) (-€7,407)
- Receivables within one year +€23,198
up €23,198 (+103.8%), from €22,343 to €45,541
of which Trade receivables: +€12,258
- Tangible fixed assets +€1,588
up €1,588 (+10.2%), from €15,553 to €17,141
of which Plant, machinery and equipment: +€1,506
- Trade debts -€6,991
down €6,991 (-17.5%), from €39,979 to €32,989
- Tax, wage and social debts +€6,881
up €6,881 (+66.2%), from €10,398 to €17,279
of which Taxes: +€7,291
- Other debts -€5,741
down €5,741 (-76.6%), from €7,491 to €1,750
- Other operating charges +€13,002
up €13,002 (+208.3%), from €6,243 to €19,245
- Gross operating margin +€7,953
up €7,953 (+31.8%), from €25,023 to €32,976
- Taxes +€3,096
up €3,096 (+86.3%), from €3,589 to €6,685
- Write-downs +€1,200
new in 2025: €1,200
- Financial income -€492
down €492 (-26.1%), from €1,886 to €1,394
of which Financial income: -€1,630
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 | €86,579 | €81,404 | -€5,174 | -6.0% |
| Fixed assets | 21/28 | €15,553 | €17,141 | +€1,588 | +10.2% |
| Tangible fixed assets | 22/27 | €15,553 | €17,141 | +€1,588 | +10.2% |
| Plant, machinery and equipment | 23 | €14,290 | €15,796 | +€1,506 | +10.5% |
| Furniture and vehicles | 24 | €1,263 | €1,345 | +€82 | +6.5% |
| Current assets | 29/58 | €71,026 | €64,264 | -€6,762 | -9.5% |
| Amounts receivable within one year | 40/41 | €22,343 | €45,541 | +€23,198 | +103.8% |
| Trade receivables | 40 | €16,593 | €28,851 | +€12,258 | +73.9% |
| Other amounts receivable | 41 | €5,751 | €16,690 | +€10,940 | +190.2% |
| Cash at bank and in hand | 54/58 | €47,943 | €17,904 | -€30,039 | -62.7% |
| Deferred charges and accrued income | 490/1 | €740 | €819 | +€79 | +10.7% |
| Total equity and liabilities | 10/49 | €86,579 | €81,404 | -€5,174 | -6.0% |
| Equity | 10/15 | €28,710 | €29,387 | +€676 | +2.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,210 | €26,887 | +€676 | +2.6% |
| Amounts payable | 17/49 | €57,868 | €52,018 | -€5,851 | -10.1% |
| Amounts payable within one year | 42/48 | €57,868 | €52,018 | -€5,851 | -10.1% |
| Trade debts | 44 | €39,979 | €32,989 | -€6,991 | -17.5% |
| Suppliers | 440/4 | €39,979 | €32,989 | -€6,991 | -17.5% |
| Taxes, remuneration and social security | 45 | €10,398 | €17,279 | +€6,881 | +66.2% |
| Taxes | 450/3 | €9,988 | €17,279 | +€7,291 | +73.0% |
| Remuneration and social security | 454/9 | €410 | - | -€410 | |
| Other amounts payable | 47/48 | €7,491 | €1,750 | -€5,741 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,777 | €5,819 | +€41 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €6,243 | €19,245 | +€13,002 | +208.3% |
| Gross operating margin | 9900 | €25,023 | €32,976 | +€7,953 | +31.8% |
| Operating profit (loss) | 9901 | €13,003 | €6,713 | -€6,290 | -48.4% |
| Financial income | 75/76B | €1,886 | €1,394 | -€492 | -26.1% |
| Recurring financial income | 75 | €1,886 | €256 | -€1,630 | -86.4% |
| Non-recurring financial income | 76B | - | €1,137 | +€1,137 | |
| Financial charges | 65/66B | €375 | €745 | +€370 | +98.8% |
| Recurring financial charges | 65 | €375 | €745 | +€370 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €14,514 | €7,361 | -€7,152 | -49.3% |
| Income taxes | 67/77 | €3,589 | €6,685 | +€3,096 | +86.3% |
| Profit (loss) for the period | 9904 | €10,925 | €676 | -€10,249 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,925 | €676 | -€10,249 | -93.8% |
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 10 October 2026 via checked.be.