VERAL: what changed
Two fiscal 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.
What changed
VERAL
NACE 81.100, Combined facilities support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€143,968
2024 · €70,684-€214,652
Equity
€6.1m
2024 · €3.2m+€2.9m
Cash
€206,981
2024 · €103,581+€103,400
Balance sheet total
€13.9m
2024 · €12.3m+€1.6m
Largest movements
Assets
- Current investments +€3.0m
new in 2025: €3.0m
- Financial fixed assets -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Tangible fixed assets -€473,570
down €473,570 (-4.5%), from €10.6m to €10.1m
of which Land and buildings: -€460,096
- Receivables within one year +€453,286
up €453,286 (+2518.3%), from €18,000 to €471,286
of which Other amounts receivable: +€418,268
- Receivables after one year -€328,331
down €328,331 (-100.0%), from €328,331 to €0
Equity and liabilities
- Contributions +€3.5m
up €3.5m (+245.7%), from €1.4m to €4.9m
- Debts after one year -€1.4m
down €1.4m (-16.9%), from €8.1m to €6.7m
of which Financial debts: -€688,781
- Reserves -€567,462
down €567,462 (-31.7%), from €1.8m to €1.2m
of which Tax-exempt reserves: -€325,166
Income statement
- Financial income -€101,141
down €101,141 (-72.6%), from €139,362 to €38,221
- Taxes +€89,002
up €89,002 (+415.6%), from €21,413 to €110,415
- Financial charges +€84,790
up €84,790 (+32.3%), from €262,224 to €347,014
- Gross operating margin -€25,780
down €25,780 (-3.4%), from €763,784 to €738,004
- Other operating charges -€12,601
down €12,601 (-60.5%), from €20,836 to €8,234
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.
Result 2024
€70,684
Gross operating margin
-€25,780
Depreciation
-€10,172
Other operating charges
+€12,601
Financial income
-€101,141
Financial charges
-€84,790
Taxes
-€89,002
Deferred taxes and other
+€83,632
Result 2025
-€143,968
Cash bridge derived
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.
From operations
+€255,130
Investment
-€1.9m
Financing
+€1.8m
Cash 2024
€103,581
From operations (derived)
+€255,130
Net result for the year
-€143,968
Depreciation
+€551,827
Receivables after one year
+€328,331
Receivables within one year
-€453,286
Smaller working-capital items
-€7,661
Provisions
-€97,297
Trade debts
-€18,449
Tax, wage and social debts
+€95,634
Investment (derived)
-€1.9m
Investment in fixed assets (net)
+€1.1m
Current investments
-€3.0m
Financing
+€1.8m
Debts after one year
-€1.4m
Current portion of long-term debt
+€79,422
Contributions, distributions and other
+€3.0m
Cash 2025
€206,981
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,283,012 | €13,872,345 | +€1.6m | +12.9% |
| Fixed assets | 21/28 | €11,824,293 | €10,184,994 | -€1.6m | -13.9% |
| Intangible fixed assets | 21 | €129,871 | €43,290 | -€86,581 | -66.7% |
| Tangible fixed assets | 22/27 | €10,615,273 | €10,141,704 | -€473,570 | -4.5% |
| Land and buildings | 22 | €10,538,963 | €10,078,867 | -€460,096 | -4.4% |
| Plant, machinery and equipment | 23 | €67,859 | €55,761 | -€12,097 | -17.8% |
| Furniture and vehicles | 24 | €2,453 | €1,076 | -€1,377 | -56.1% |
| Other tangible fixed assets | 26 | €5,999 | €5,999 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,079,149 | €0 | -€1.1m | -100.0% |
| Current assets | 29/58 | €458,719 | €3,687,351 | +€3.2m | +703.8% |
| Amounts receivable after more than one year | 29 | €328,331 | €0 | -€328,331 | -100.0% |
| Other amounts receivable | 291 | €328,331 | €0 | -€328,331 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,000 | €471,286 | +€453,286 | +2518.3% |
| Trade receivables | 40 | €0 | €35,019 | +€35,019 | |
| Other amounts receivable | 41 | €18,000 | €436,268 | +€418,268 | +2323.7% |
| Current investments | 50/53 | - | €2,998,263 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €103,581 | €206,981 | +€103,400 | +99.8% |
| Deferred charges and accrued income | 490/1 | €8,806 | €10,821 | +€2,014 | +22.9% |
| Total equity and liabilities | 10/49 | €12,283,012 | €13,872,345 | +€1.6m | +12.9% |
| Equity | 10/15 | €3,203,048 | €6,103,931 | +€2.9m | +90.6% |
| Contributions | 10/11 | €1,411,533 | €4,879,878 | +€3.5m | +245.7% |
| Capital | 10 | €1,411,533 | €4,879,878 | +€3.5m | +245.7% |
| Issued capital | 100 | €1,411,533 | €4,879,878 | +€3.5m | +245.7% |
| Reserves | 13 | €1,791,514 | €1,224,053 | -€567,462 | -31.7% |
| Non-distributable reserves | 130/1 | €51,281 | €34,859 | -€16,422 | -32.0% |
| Legal reserve | 130 | €51,281 | €34,859 | -€16,422 | -32.0% |
| Tax-exempt reserves | 132 | €951,363 | €626,196 | -€325,166 | -34.2% |
| Distributable reserves | 133 | €788,870 | €562,997 | -€225,873 | -28.6% |
| Provisions and deferred taxes | 16 | €293,232 | €195,935 | -€97,297 | -33.2% |
| Deferred taxes | 168 | €293,232 | €195,935 | -€97,297 | -33.2% |
| Amounts payable | 17/49 | €8,786,732 | €7,572,479 | -€1.2m | -13.8% |
| Amounts payable after more than one year | 17 | €8,072,701 | €6,707,489 | -€1.4m | -16.9% |
| Financial debts | 170/4 | €7,396,270 | €6,707,489 | -€688,781 | -9.3% |
| Other amounts payable | 178/9 | €676,431 | €0 | -€676,431 | -100.0% |
| Amounts payable within one year | 42/48 | €696,537 | €853,238 | +€156,701 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €609,359 | €688,781 | +€79,422 | +13.0% |
| Trade debts | 44 | €24,286 | €5,837 | -€18,449 | -76.0% |
| Suppliers | 440/4 | €22,202 | €4,996 | -€17,206 | -77.5% |
| Bills of exchange payable | 441 | €2,084 | €841 | -€1,243 | -59.7% |
| Taxes, remuneration and social security | 45 | €62,892 | €158,526 | +€95,634 | +152.1% |
| Taxes | 450/3 | €56,892 | €152,526 | +€95,634 | +168.1% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €94 | +€94 | |
| Accrued charges and deferred income | 492/3 | €17,493 | €11,752 | -€5,741 | -32.8% |
| Non-recurring operating income | 76A | €132,914 | €2,715 | -€130,199 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541,655 | €551,827 | +€10,172 | +1.9% |
| Other operating charges | 640/8 | €20,836 | €8,234 | -€12,601 | -60.5% |
| Gross operating margin | 9900 | €763,784 | €738,004 | -€25,780 | -3.4% |
| Operating profit (loss) | 9901 | €201,293 | €177,943 | -€23,350 | -11.6% |
| Financial income | 75/76B | €139,362 | €38,221 | -€101,141 | -72.6% |
| Recurring financial income | 75 | €139,362 | €38,221 | -€101,141 | -72.6% |
| Financial charges | 65/66B | €262,224 | €347,014 | +€84,790 | +32.3% |
| Recurring financial charges | 65 | €262,224 | €347,014 | +€84,790 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €78,431 | -€130,850 | -€209,281 | |
| Transfer from deferred taxes | 780 | €13,665 | €97,297 | +€83,632 | +612.0% |
| Income taxes | 67/77 | €21,413 | €110,415 | +€89,002 | +415.6% |
| Profit (loss) for the period | 9904 | €70,684 | -€143,968 | -€214,652 | |
| Transfer from tax-exempt reserves | 789 | €40,999 | €291,922 | +€250,923 | +612.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,682 | €147,954 | +€36,272 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.