VERADIS: what changed
VERADIS
Largest movements
- Intangible fixed assets -€43,370
down €43,370 (-44.3%), from €97,808 to €54,437
- Tangible fixed assets -€13,469
down €13,469 (-4.3%), from €314,755 to €301,286
of which Land and buildings: -€15,963
- Receivables within one year +€11,425
up €11,425 (+30.0%), from €38,127 to €49,551
of which Other amounts receivable: +€5,718
- Cash -€5,112
no longer reported in 2025 (was €5,112)
mainly Other debts (-€49,914) and Current portion of long-term debt (-€21,439)
- Other debts -€49,914
down €49,914 (-99.9%), from €49,955 to €40
- Debts after one year +€22,854
up €22,854 (+13.8%), from €165,370 to €188,223
- Current portion of long-term debt -€21,439
down €21,439 (-30.3%), from €70,858 to €49,418
- Trade debts -€12,390
down €12,390 (-98.9%), from €12,527 to €137
- Reserves +€9,485
up €9,485 (+8.8%), from €107,720 to €117,205
- Turnover -€451,267
no longer reported in 2025 (was €451,267)
- Purchases and services -€175,597
no longer reported in 2025 (was €175,597)
- Staff costs +€40,509
up €40,509 (+21.4%), from €189,690 to €230,198
- Financial charges -€34,978
down €34,978 (-85.0%), from €41,167 to €6,189
- Financial income -€31,529
down €31,529 (-99.9%), from €31,547 to €18
of which Non-recurring financial income: -€31,530
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,254 | €405,275 | -€51,979 | -11.4% |
| Fixed assets | 21/28 | €412,563 | €355,724 | -€56,839 | -13.8% |
| Intangible fixed assets | 21 | €97,808 | €54,437 | -€43,370 | -44.3% |
| Tangible fixed assets | 22/27 | €314,755 | €301,286 | -€13,469 | -4.3% |
| Land and buildings | 22 | €313,198 | €297,235 | -€15,963 | -5.1% |
| Plant, machinery and equipment | 23 | €539 | - | -€539 | |
| Furniture and vehicles | 24 | €1,018 | €4,052 | +€3,033 | +298% |
| Current assets | 29/58 | €44,691 | €49,551 | +€4,860 | +10.9% |
| Amounts receivable within one year | 40/41 | €38,127 | €49,551 | +€11,425 | +30.0% |
| Trade receivables | 40 | €37,335 | €43,042 | +€5,707 | +15.3% |
| Other amounts receivable | 41 | €792 | €6,509 | +€5,718 | +722% |
| Cash at bank and in hand | 54/58 | €5,112 | - | -€5,112 | |
| Deferred charges and accrued income | 490/1 | €1,452 | - | -€1,452 | |
| Total equity and liabilities | 10/49 | €457,254 | €405,275 | -€51,979 | -11.4% |
| Equity | 10/15 | €129,682 | €139,168 | +€9,485 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €107,720 | €117,205 | +€9,485 | +8.8% |
| Distributable reserves | 133 | €107,720 | €117,205 | +€9,485 | +8.8% |
| Profit (loss) carried forward | 14 | €9,563 | €9,563 | = | 0.0% |
| Amounts payable | 17/49 | €327,572 | €266,107 | -€61,464 | -18.8% |
| Amounts payable after more than one year | 17 | €165,370 | €188,223 | +€22,854 | +13.8% |
| Financial debts | 170/4 | €165,370 | €188,223 | +€22,854 | +13.8% |
| Amounts payable within one year | 42/48 | €161,971 | €77,884 | -€84,087 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €70,858 | €49,418 | -€21,439 | -30.3% |
| Financial debts | 43 | €20,127 | €27,339 | +€7,212 | +35.8% |
| Credit institutions | 430/8 | €20,127 | €27,339 | +€7,212 | +35.8% |
| Trade debts | 44 | €12,527 | €137 | -€12,390 | -98.9% |
| Suppliers | 440/4 | €12,527 | €137 | -€12,390 | -98.9% |
| Taxes, remuneration and social security | 45 | €8,504 | €949 | -€7,555 | -88.8% |
| Taxes | 450/3 | €2,619 | €949 | -€1,670 | -63.8% |
| Remuneration and social security | 454/9 | €5,885 | - | -€5,885 | |
| Other amounts payable | 47/48 | €49,955 | €40 | -€49,914 | -99.9% |
| Accrued charges and deferred income | 492/3 | €231 | - | -€231 | |
| Turnover | 70 | €451,267 | - | -€451,267 | |
| Non-recurring operating income | 76A | €31,530 | - | -€31,530 | |
| Goods, raw materials, services and sundry goods | 60/61 | €175,597 | - | -€175,597 | |
| Remuneration, social security and pensions | 62 | €189,690 | €230,198 | +€40,509 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,254 | €59,798 | -€10,455 | -14.9% |
| Other operating charges | 640/8 | €5,637 | €4,169 | -€1,468 | -26.0% |
| Gross operating margin | 9900 | €276,395 | €305,482 | +€29,087 | +10.5% |
| Operating profit (loss) | 9901 | €10,815 | €11,316 | +€501 | +4.6% |
| Financial income | 75/76B | €31,547 | €18 | -€31,529 | -99.9% |
| Recurring financial income | 75 | €17 | €18 | +€1 | +3.3% |
| Non-recurring financial income | 76B | €31,530 | - | -€31,530 | |
| Financial charges | 65/66B | €41,167 | €6,189 | -€34,978 | -85.0% |
| Recurring financial charges | 65 | €41,167 | €6,189 | -€34,978 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €1,195 | €5,145 | +€3,951 | +331% |
| Income taxes | 67/77 | €6,225 | -€4,340 | -€10,565 | |
| Profit (loss) for the period | 9904 | -€5,030 | €9,485 | +€14,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,030 | €9,485 | +€14,515 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.