Verajo: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Verajo
Largest movements
- Tangible fixed assets -€53,213
down €53,213 (-4.8%), from €1.1m to €1.1m
of which Land and buildings: -€42,635
- Receivables within one year -€15,619
down €15,619 (-14.2%), from €109,749 to €94,130
- Reserves -€97,696
down €97,696 (-9.3%), from €1.1m to €957,422
of which Tax-exempt reserves: -€150,000
- Other debts +€26,478
up €26,478 (+10.3%), from €256,729 to €283,207
- Financial charges +€18,541
up €18,541 (+15,200%), from €122 to €18,663
- Other operating charges +€9,321
up €9,321 (+186%), from €5,010 to €14,331
- Financial income +€7,208
new in 2025: €7,208
- Gross operating margin -€4,644
down €4,644 (-33.8%), from -€13,732 to -€18,375
- Depreciation -€394
down €394 (-0.7%), from €53,607 to €53,213
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 | €1,505,739 | €1,438,497 | -€67,243 | -4.5% |
| Fixed assets | 21/28 | €1,114,461 | €1,061,222 | -€53,240 | -4.8% |
| Tangible fixed assets | 22/27 | €1,114,435 | €1,061,222 | -€53,213 | -4.8% |
| Land and buildings | 22 | €1,076,483 | €1,033,847 | -€42,635 | -4.0% |
| Plant, machinery and equipment | 23 | €2,545 | €2,114 | -€431 | -16.9% |
| Furniture and vehicles | 24 | €30,937 | €21,492 | -€9,445 | -30.5% |
| Other tangible fixed assets | 26 | €4,470 | €3,769 | -€701 | -15.7% |
| Financial fixed assets | 28 | €26 | - | -€26 | |
| Current assets | 29/58 | €391,278 | €377,275 | -€14,003 | -3.6% |
| Amounts receivable within one year | 40/41 | €109,749 | €94,130 | -€15,619 | -14.2% |
| Other amounts receivable | 41 | €109,749 | €94,130 | -€15,619 | -14.2% |
| Current investments | 50/53 | €2,015 | - | -€2,015 | |
| Cash at bank and in hand | 54/58 | €277,137 | €282,722 | +€5,585 | +2.0% |
| Deferred charges and accrued income | 490/1 | €2,377 | €423 | -€1,954 | -82.2% |
| Total equity and liabilities | 10/49 | €1,505,739 | €1,438,497 | -€67,243 | -4.5% |
| Equity | 10/15 | €1,241,117 | €1,143,422 | -€97,696 | -7.9% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €1,055,117 | €957,422 | -€97,696 | -9.3% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,585 | €1,585 | -€150,000 | -99.0% |
| Distributable reserves | 133 | €884,932 | €937,237 | +€52,304 | +5.9% |
| Amounts payable | 17/49 | €264,622 | €295,075 | +€30,453 | +11.5% |
| Amounts payable within one year | 42/48 | €264,622 | €295,075 | +€30,453 | +11.5% |
| Trade debts | 44 | €5,208 | - | -€5,208 | |
| Suppliers | 440/4 | €5,208 | - | -€5,208 | |
| Taxes, remuneration and social security | 45 | €2,685 | €11,868 | +€9,183 | +342% |
| Taxes | 450/3 | €2,685 | €11,868 | +€9,183 | +342% |
| Other amounts payable | 47/48 | €256,729 | €283,207 | +€26,478 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,607 | €53,213 | -€394 | -0.7% |
| Other operating charges | 640/8 | €5,010 | €14,331 | +€9,321 | +186% |
| Gross operating margin | 9900 | -€13,732 | -€18,375 | -€4,644 | -33.8% |
| Operating profit (loss) | 9901 | -€72,348 | -€85,919 | -€13,571 | -18.8% |
| Financial income | 75/76B | - | €7,208 | +€7,208 | |
| Recurring financial income | 75 | - | €7,208 | +€7,208 | |
| Financial charges | 65/66B | €122 | €18,663 | +€18,541 | +15,200% |
| Recurring financial charges | 65 | €122 | €18,663 | +€18,541 | +15,200% |
| Profit (loss) for the period before taxes | 9903 | -€72,470 | -€97,375 | -€24,905 | -34.4% |
| Income taxes | 67/77 | €376 | €321 | -€55 | -14.6% |
| Profit (loss) for the period | 9904 | -€72,846 | -€97,696 | -€24,850 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,846 | -€97,696 | -€24,850 | -34.1% |
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 1 November 2026 via checked.be.