VERAM: 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.
VERAM
Largest movements
- Receivables within one year -€117,726
down €117,726 (-20.4%), from €577,937 to €460,211
of which Trade receivables: -€109,047
- Stocks and contracts +€61,000
up €61,000 (+24.7%), from €247,306 to €308,306
of which Stocks: +€61,000
- Cash -€33,197
down €33,197 (-57.1%), from €58,139 to €24,942
mainly Trade debts (-€80,559) and Stocks and contracts (-€61,000)
- Tangible fixed assets +€30,265
up €30,265 (+119%), from €25,526 to €55,792
of which Furniture and vehicles: +€31,530
- Current portion of long-term debt +€82,869
up €82,869 (+14.1%), from €589,717 to €672,586
- Trade debts -€80,559
down €80,559 (-88.4%), from €91,178 to €10,619
- Accrued charges and deferred income -€53,187
no longer reported in 2024 (was €53,187)
- Other debts +€36,500
up €36,500 (+1,173%), from €3,111 to €39,611
- Tax, wage and social debts -€33,925
down €33,925 (-62.3%), from €54,425 to €20,500
- Gross operating margin +€51,073
up €51,073 (+147%), from €34,650 to €85,723
- Other operating charges +€12,770
up €12,770 (+275%), from €4,648 to €17,417
- Depreciation +€10,304
up €10,304 (+225%), from €4,584 to €14,887
- Financial charges +€8,873
up €8,873 (+39.2%), from €22,615 to €31,488
- Taxes +€6,408
up €6,408 (+897%), from €714 to €7,122
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,475,424 | €1,416,398 | -€59,026 | -4.0% |
| Fixed assets | 21/28 | €25,526 | €55,792 | +€30,265 | +119% |
| Tangible fixed assets | 22/27 | €25,526 | €55,792 | +€30,265 | +119% |
| Plant, machinery and equipment | 23 | €17,313 | €14,367 | -€2,946 | -17.0% |
| Furniture and vehicles | 24 | €8,213 | €39,744 | +€31,530 | +384% |
| Other tangible fixed assets | 26 | - | €1,681 | +€1,681 | |
| Current assets | 29/58 | €1,449,897 | €1,360,606 | -€89,291 | -6.2% |
| Stocks and contracts in progress | 3 | €247,306 | €308,306 | +€61,000 | +24.7% |
| Stocks | 30/36 | €241,773 | €302,773 | +€61,000 | +25.2% |
| Contracts in progress | 37 | €5,533 | €5,533 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €577,937 | €460,211 | -€117,726 | -20.4% |
| Trade receivables | 40 | €565,727 | €456,680 | -€109,047 | -19.3% |
| Other amounts receivable | 41 | €12,209 | €3,531 | -€8,679 | -71.1% |
| Cash at bank and in hand | 54/58 | €58,139 | €24,942 | -€33,197 | -57.1% |
| Deferred charges and accrued income | 490/1 | €566,516 | €567,148 | +€632 | +0.1% |
| Total equity and liabilities | 10/49 | €1,475,424 | €1,416,398 | -€59,026 | -4.0% |
| Equity | 10/15 | €209,222 | €224,162 | +€14,940 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,222 | €202,162 | +€14,940 | +8.0% |
| Amounts payable | 17/49 | €1,266,202 | €1,192,236 | -€73,966 | -5.8% |
| Amounts payable after more than one year | 17 | €474,583 | €448,919 | -€25,664 | -5.4% |
| Financial debts | 170/4 | €474,583 | €448,919 | -€25,664 | -5.4% |
| Amounts payable within one year | 42/48 | €738,431 | €743,316 | +€4,885 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €589,717 | €672,586 | +€82,869 | +14.1% |
| Trade debts | 44 | €91,178 | €10,619 | -€80,559 | -88.4% |
| Suppliers | 440/4 | €91,178 | €10,619 | -€80,559 | -88.4% |
| Taxes, remuneration and social security | 45 | €54,425 | €20,500 | -€33,925 | -62.3% |
| Taxes | 450/3 | €54,425 | €20,500 | -€33,925 | -62.3% |
| Other amounts payable | 47/48 | €3,111 | €39,611 | +€36,500 | +1,173% |
| Accrued charges and deferred income | 492/3 | €53,187 | - | -€53,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €14,887 | +€10,304 | +225% |
| Other operating charges | 640/8 | €4,648 | €17,417 | +€12,770 | +275% |
| Gross operating margin | 9900 | €34,650 | €85,723 | +€51,073 | +147% |
| Operating profit (loss) | 9901 | €25,419 | €53,418 | +€28,000 | +110% |
| Financial income | 75/76B | - | €132 | +€132 | |
| Recurring financial income | 75 | - | €132 | +€132 | |
| Financial charges | 65/66B | €22,615 | €31,488 | +€8,873 | +39.2% |
| Recurring financial charges | 65 | €22,615 | €31,488 | +€8,873 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | €22,063 | +€19,259 | +687% |
| Income taxes | 67/77 | €714 | €7,122 | +€6,408 | +897% |
| Profit (loss) for the period | 9904 | €2,090 | €14,940 | +€12,850 | +615% |
| Profit (loss) for the period to be appropriated | 9905 | €2,090 | €14,940 | +€12,850 | +615% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.