VERACX: 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.
VERACX
Largest movements
- Cash +€18,458
up €18,458 (+68.4%), from €26,993 to €45,450
mainly Net result for the year (+€38,560) and Depreciation (+€13,288)
- Receivables within one year +€9,306
up €9,306 (+61.5%), from €15,125 to €24,431
of which Other amounts receivable: +€9,306
- Tangible fixed assets -€1,250
down €1,250 (-2.9%), from €42,452 to €41,202
of which Furniture and vehicles: -€12,377
- Reserves +€38,560
up €38,560 (+104%), from €37,234 to €75,795
- Debts after one year -€10,139
down €10,139 (-40.1%), from €25,286 to €15,147
- Other debts -€1,464
down €1,464 (-100%), from €1,464 to €0
- Gross operating margin -€3,774
down €3,774 (-5.6%), from €67,406 to €63,632
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.
Derived cash bridge
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 | €85,408 | €111,992 | +€26,584 | +31.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €42,452 | €41,202 | -€1,250 | -2.9% |
| Tangible fixed assets | 22/27 | €42,452 | €41,202 | -€1,250 | -2.9% |
| Plant, machinery and equipment | 23 | €2,225 | €13,352 | +€11,127 | +500% |
| Furniture and vehicles | 24 | €40,226 | €27,850 | -€12,377 | -30.8% |
| Current assets | 29/58 | €42,957 | €70,790 | +€27,833 | +64.8% |
| Amounts receivable within one year | 40/41 | €15,125 | €24,431 | +€9,306 | +61.5% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €9,306 | +€9,306 | |
| Cash at bank and in hand | 54/58 | €26,993 | €45,450 | +€18,458 | +68.4% |
| Deferred charges and accrued income | 490/1 | €839 | €908 | +€69 | +8.2% |
| Total equity and liabilities | 10/49 | €85,408 | €111,992 | +€26,584 | +31.1% |
| Equity | 10/15 | €37,334 | €75,895 | +€38,560 | +103% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €37,234 | €75,795 | +€38,560 | +104% |
| Distributable reserves | 133 | €37,234 | €75,795 | +€38,560 | +104% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,074 | €36,097 | -€11,977 | -24.9% |
| Amounts payable after more than one year | 17 | €25,286 | €15,147 | -€10,139 | -40.1% |
| Financial debts | 170/4 | €25,286 | €15,147 | -€10,139 | -40.1% |
| Amounts payable within one year | 42/48 | €22,788 | €20,931 | -€1,857 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €9,703 | €10,139 | +€436 | +4.5% |
| Financial debts | 43 | €56 | €34 | -€22 | -39.1% |
| Credit institutions | 430/8 | €56 | €34 | -€22 | -39.1% |
| Trade debts | 44 | €1,088 | €203 | -€885 | -81.3% |
| Suppliers | 440/4 | €1,088 | €203 | -€885 | -81.3% |
| Taxes, remuneration and social security | 45 | €10,477 | €10,555 | +€79 | +0.8% |
| Taxes | 450/3 | €10,477 | €10,555 | +€79 | +0.8% |
| Other amounts payable | 47/48 | €1,464 | €0 | -€1,464 | -100% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,670 | €13,288 | +€618 | +4.9% |
| Other operating charges | 640/8 | €162 | €40 | -€122 | -75.3% |
| Gross operating margin | 9900 | €67,406 | €63,632 | -€3,774 | -5.6% |
| Operating profit (loss) | 9901 | €54,573 | €50,304 | -€4,270 | -7.8% |
| Financial income | 75/76B | €45 | €326 | +€282 | +631% |
| Recurring financial income | 75 | €45 | €326 | +€282 | +631% |
| Financial charges | 65/66B | €1,978 | €1,481 | -€497 | -25.1% |
| Recurring financial charges | 65 | €1,978 | €1,481 | -€497 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €52,640 | €49,150 | -€3,491 | -6.6% |
| Income taxes | 67/77 | €11,080 | €10,589 | -€490 | -4.4% |
| Profit (loss) for the period | 9904 | €41,561 | €38,560 | -€3,000 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,561 | €38,560 | -€3,000 | -7.2% |
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 16 October 2026 via checked.be.