VERADAM HOLDING: 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.
VERADAM HOLDING
Largest movements
- Current investments +€287,771
up €287,771 (+13.2%), from €2.2m to €2.5m
- Deferred charges and accrued income -€233,180
down €233,180 (-98.8%), from €235,939 to €2,759
- Cash +€203,417
up €203,417 (+46.6%), from €436,831 to €640,248
mainly Net result for the year (+€353,697) and Deferred charges and accrued income (+€233,180)
- Reserves +€353,697
up €353,697 (+9.9%), from €3.6m to €3.9m
of which Distributable reserves: +€357,127
- Other debts -€119,057
down €119,057 (-29.6%), from €401,555 to €282,499
- Financial income +€177,969
up €177,969 (+73.6%), from €241,837 to €419,806
of which Financial income: +€97,098
- Taxes +€28,953
up €28,953 (+122%), from €23,754 to €52,707
- Depreciation +€12,827
up €12,827 (+17.2%), from €74,415 to €87,242
- Financial charges +€10,364
up €10,364, from -€6,738 to €3,626
- Other operating charges +€2,449
up €2,449 (+23.5%), from €10,406 to €12,855
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 | €4,332,440 | €4,572,187 | +€239,746 | +5.5% |
| Fixed assets | 21/28 | €1,455,002 | €1,449,688 | -€5,313 | -0.4% |
| Tangible fixed assets | 22/27 | €1,455,002 | €1,449,688 | -€5,313 | -0.4% |
| Land and buildings | 22 | €1,365,823 | €1,333,199 | -€32,624 | -2.4% |
| Furniture and vehicles | 24 | €72,509 | €102,291 | +€29,782 | +41.1% |
| Other tangible fixed assets | 26 | €16,670 | €14,198 | -€2,472 | -14.8% |
| Current assets | 29/58 | €2,877,439 | €3,122,499 | +€245,060 | +8.5% |
| Amounts receivable within one year | 40/41 | €19,168 | €6,220 | -€12,948 | -67.6% |
| Trade receivables | 40 | €19,168 | €6,220 | -€12,948 | -67.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,185,500 | €2,473,272 | +€287,771 | +13.2% |
| Cash at bank and in hand | 54/58 | €436,831 | €640,248 | +€203,417 | +46.6% |
| Deferred charges and accrued income | 490/1 | €235,939 | €2,759 | -€233,180 | -98.8% |
| Total equity and liabilities | 10/49 | €4,332,440 | €4,572,187 | +€239,746 | +5.5% |
| Equity | 10/15 | €3,605,513 | €3,959,211 | +€353,697 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,586,913 | €3,940,611 | +€353,697 | +9.9% |
| Tax-exempt reserves | 132 | €42,553 | €39,123 | -€3,430 | -8.1% |
| Distributable reserves | 133 | €3,544,360 | €3,901,487 | +€357,127 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €17,875 | €16,434 | -€1,441 | -8.1% |
| Deferred taxes | 168 | €17,875 | €16,434 | -€1,441 | -8.1% |
| Amounts payable | 17/49 | €709,052 | €596,542 | -€112,510 | -15.9% |
| Amounts payable after more than one year | 17 | €254,655 | €214,966 | -€39,689 | -15.6% |
| Financial debts | 170/4 | €254,655 | €214,966 | -€39,689 | -15.6% |
| Amounts payable within one year | 42/48 | €454,398 | €381,577 | -€72,821 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €39,296 | €39,689 | +€393 | +1.0% |
| Trade debts | 44 | €342 | €2,021 | +€1,679 | +491% |
| Suppliers | 440/4 | €342 | €2,021 | +€1,679 | +491% |
| Taxes, remuneration and social security | 45 | €13,204 | €57,368 | +€44,164 | +334% |
| Taxes | 450/3 | €13,204 | €57,368 | +€44,164 | +334% |
| Other amounts payable | 47/48 | €401,555 | €282,499 | -€119,057 | -29.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,415 | €87,242 | +€12,827 | +17.2% |
| Other operating charges | 640/8 | €10,406 | €12,855 | +€2,449 | +23.5% |
| Gross operating margin | 9900 | €86,768 | €88,881 | +€2,113 | +2.4% |
| Operating profit (loss) | 9901 | €1,947 | -€11,216 | -€13,163 | |
| Financial income | 75/76B | €241,837 | €419,806 | +€177,969 | +73.6% |
| Recurring financial income | 75 | €9,438 | €106,536 | +€97,098 | +1,029% |
| Non-recurring financial income | 76B | €232,399 | €313,270 | +€80,871 | +34.8% |
| Financial charges | 65/66B | -€6,738 | €3,626 | +€10,364 | |
| Recurring financial charges | 65 | -€6,738 | €3,626 | +€10,364 | |
| Profit (loss) for the period before taxes | 9903 | €250,522 | €404,964 | +€154,441 | +61.6% |
| Transfer from deferred taxes | 780 | €1,441 | €1,441 | = | 0.0% |
| Income taxes | 67/77 | €23,754 | €52,707 | +€28,953 | +122% |
| Profit (loss) for the period | 9904 | €228,209 | €353,697 | +€125,488 | +55.0% |
| Transfer from tax-exempt reserves | 789 | €3,430 | €3,430 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231,639 | €357,127 | +€125,488 | +54.2% |
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 25 October 2026 via checked.be.