VERADA BOUW: 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.
VERADA BOUW
Largest movements
- Cash +€364,490
up €364,490 (+91.3%), from €399,414 to €763,903
mainly Receivables within one year (+€223,292) and Depreciation (+€109,939)
- Receivables within one year -€223,292
down €223,292 (-28.3%), from €789,756 to €566,464
of which Other amounts receivable: -€273,320
- Reserves +€105,048
up €105,048 (+8.0%), from €1.3m to €1.4m
- Debts after one year +€34,392
up €34,392 (+3.7%), from €934,280 to €968,672
- Gross operating margin +€67,636
up €67,636 (+25.3%), from €267,092 to €334,728
- Taxes +€27,861
up €27,861 (+114%), from €24,497 to €52,358
- Depreciation -€5,253
down €5,253 (-4.6%), from €115,192 to €109,939
- Other operating charges -€3,980
down €3,980 (-18.6%), from €21,442 to €17,462
- Financial charges +€3,729
up €3,729 (+7.0%), from €53,378 to €57,107
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 | €3,105,404 | €3,262,357 | +€156,953 | +5.1% |
| Fixed assets | 21/28 | €1,901,639 | €1,910,684 | +€9,045 | +0.5% |
| Tangible fixed assets | 22/27 | €1,901,639 | €1,910,684 | +€9,045 | +0.5% |
| Land and buildings | 22 | €1,890,073 | €1,900,126 | +€10,052 | +0.5% |
| Plant, machinery and equipment | 23 | €9,622 | €9,387 | -€235 | -2.4% |
| Furniture and vehicles | 24 | €1,944 | €1,171 | -€772 | -39.7% |
| Current assets | 29/58 | €1,203,764 | €1,351,673 | +€147,908 | +12.3% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Trade receivables | 290 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €789,756 | €566,464 | -€223,292 | -28.3% |
| Trade receivables | 40 | €299,100 | €349,128 | +€50,028 | +16.7% |
| Other amounts receivable | 41 | €490,656 | €217,335 | -€273,320 | -55.7% |
| Cash at bank and in hand | 54/58 | €399,414 | €763,903 | +€364,490 | +91.3% |
| Deferred charges and accrued income | 490/1 | €14,345 | €21,056 | +€6,711 | +46.8% |
| Total equity and liabilities | 10/49 | €3,105,404 | €3,262,357 | +€156,953 | +5.1% |
| Equity | 10/15 | €1,855,819 | €1,960,867 | +€105,048 | +5.7% |
| Contributions | 10/11 | €545,650 | €545,650 | = | 0.0% |
| Reserves | 13 | €1,310,169 | €1,415,217 | +€105,048 | +8.0% |
| Distributable reserves | 133 | €1,310,169 | €1,415,217 | +€105,048 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,249,585 | €1,301,489 | +€51,905 | +4.2% |
| Amounts payable after more than one year | 17 | €934,280 | €968,672 | +€34,392 | +3.7% |
| Financial debts | 170/4 | €934,280 | €968,672 | +€34,392 | +3.7% |
| Amounts payable within one year | 42/48 | €305,640 | €328,490 | +€22,851 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €118,841 | €121,789 | +€2,949 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,208 | €10,174 | +€4,966 | +95.3% |
| Suppliers | 440/4 | €5,208 | €10,174 | +€4,966 | +95.3% |
| Taxes, remuneration and social security | 45 | €16,130 | €29,463 | +€13,333 | +82.7% |
| Taxes | 450/3 | €16,130 | €29,463 | +€13,333 | +82.7% |
| Other amounts payable | 47/48 | €165,461 | €167,064 | +€1,603 | +1.0% |
| Accrued charges and deferred income | 492/3 | €9,665 | €4,327 | -€5,338 | -55.2% |
| Non-recurring operating income | 76A | €0 | €1,181 | +€1,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,192 | €109,939 | -€5,253 | -4.6% |
| Other operating charges | 640/8 | €21,442 | €17,462 | -€3,980 | -18.6% |
| Gross operating margin | 9900 | €267,092 | €334,728 | +€67,636 | +25.3% |
| Operating profit (loss) | 9901 | €130,457 | €207,327 | +€76,870 | +58.9% |
| Financial income | 75/76B | €9,617 | €7,187 | -€2,430 | -25.3% |
| Recurring financial income | 75 | €9,617 | €7,187 | -€2,430 | -25.3% |
| Financial charges | 65/66B | €53,378 | €57,107 | +€3,729 | +7.0% |
| Recurring financial charges | 65 | €53,378 | €57,107 | +€3,729 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €86,695 | €157,407 | +€70,711 | +81.6% |
| Income taxes | 67/77 | €24,497 | €52,358 | +€27,861 | +114% |
| Profit (loss) for the period | 9904 | €62,198 | €105,048 | +€42,850 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,198 | €105,048 | +€42,850 | +68.9% |
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 29 October 2026 via checked.be.