VeraCruz: 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.
VeraCruz
Largest movements
- Receivables within one year +€12,949
up €12,949 (+64.7%), from €20,011 to €32,960
of which Trade receivables: +€17,158
- Current investments +€11,823
new in 2025: €11,823
- Cash +€1,705
up €1,705 (+4.9%), from €34,890 to €36,594
mainly Net result for the year (+€19,369) and Trade debts (+€9,207)
- Profit (loss) carried forward +€19,369
up €19,369 (+41.6%), from €46,557 to €65,926
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€9,207
up €9,207 (+179.2%), from €5,137 to €14,343
- Tax, wage and social debts +€7,354
up €7,354 (+411.0%), from €1,790 to €9,144
- Gross operating margin -€6,356
down €6,356 (-16.8%), from €37,782 to €31,426
- Taxes -€1,285
down €1,285 (-17.1%), from €7,515 to €6,230
- Depreciation +€691
up €691 (+25.0%), from €2,770 to €3,461
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 | €68,484 | €94,414 | +€25,930 | +37.9% |
| Fixed assets | 21/28 | €10,398 | €10,441 | +€43 | +0.4% |
| Tangible fixed assets | 22/27 | €10,398 | €10,441 | +€43 | +0.4% |
| Furniture and vehicles | 24 | €10,398 | €10,441 | +€43 | +0.4% |
| Current assets | 29/58 | €58,085 | €83,973 | +€25,887 | +44.6% |
| Amounts receivable within one year | 40/41 | €20,011 | €32,960 | +€12,949 | +64.7% |
| Trade receivables | 40 | €9,523 | €26,681 | +€17,158 | +180.2% |
| Other amounts receivable | 41 | €10,489 | €6,280 | -€4,209 | -40.1% |
| Current investments | 50/53 | - | €11,823 | +€11,823 | |
| Cash at bank and in hand | 54/58 | €34,890 | €36,594 | +€1,705 | +4.9% |
| Deferred charges and accrued income | 490/1 | €3,184 | €2,595 | -€589 | -18.5% |
| Total equity and liabilities | 10/49 | €68,484 | €94,414 | +€25,930 | +37.9% |
| Equity | 10/15 | €51,557 | €70,926 | +€19,369 | +37.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,557 | €65,926 | +€19,369 | +41.6% |
| Amounts payable | 17/49 | €16,926 | €23,487 | +€6,561 | +38.8% |
| Amounts payable within one year | 42/48 | €16,926 | €23,487 | +€6,561 | +38.8% |
| Trade debts | 44 | €5,137 | €14,343 | +€9,207 | +179.2% |
| Suppliers | 440/4 | €5,137 | €14,343 | +€9,207 | +179.2% |
| Taxes, remuneration and social security | 45 | €1,790 | €9,144 | +€7,354 | +411.0% |
| Taxes | 450/3 | €1,790 | €9,144 | +€7,354 | +411.0% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,770 | €3,461 | +€691 | +25.0% |
| Other operating charges | 640/8 | €89 | €148 | +€59 | +66.2% |
| Gross operating margin | 9900 | €37,782 | €31,426 | -€6,356 | -16.8% |
| Operating profit (loss) | 9901 | €34,923 | €27,817 | -€7,106 | -20.3% |
| Financial charges | 65/66B | €2,524 | €2,218 | -€306 | -12.1% |
| Recurring financial charges | 65 | €2,524 | €2,218 | -€306 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €32,399 | €25,599 | -€6,800 | -21.0% |
| Income taxes | 67/77 | €7,515 | €6,230 | -€1,285 | -17.1% |
| Profit (loss) for the period | 9904 | €24,884 | €19,369 | -€5,515 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,884 | €19,369 | -€5,515 | -22.2% |
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 6 October 2026 via checked.be.