VERAMM: what changed
VERAMM
Largest movements
- Receivables within one year +€36,305
up €36,305 (+15.2%), from €238,617 to €274,922
of which Other amounts receivable: +€36,045
- Cash +€9,093
up €9,093 (+991%), from €917 to €10,010
mainly Net result for the year (+€42,672) and Trade debts (+€19,068)
- Profit (loss) carried forward +€42,672
up €42,672 (+19.5%), from €218,750 to €261,422
- Other debts -€26,241
down €26,241 (-72.9%), from €36,000 to €9,759
- Trade debts +€19,068
up €19,068 (+155%), from €12,307 to €31,375
- Tax, wage and social debts +€17,999
up €17,999 (+40.5%), from €44,443 to €62,441
of which Remuneration and social security: +€22,505
- Debts after one year -€8,772
down €8,772 (-15.2%), from €57,787 to €49,014
- Gross operating margin +€19,580
up €19,580 (+23.2%), from €84,461 to €104,041
- Staff costs +€7,575
up €7,575 (+19.4%), from €39,119 to €46,695
- Other operating charges +€6,390
new in 2025: €6,390
- Financial charges -€2,731
down €2,731 (-35.0%), from €7,802 to €5,071
- Financial income +€1,666
up €1,666 (+19.4%), from €8,568 to €10,234
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 | €389,868 | €435,184 | +€45,315 | +11.6% |
| Fixed assets | 21/28 | €150,333 | €150,018 | -€315 | -0.2% |
| Tangible fixed assets | 22/27 | €333 | €18 | -€315 | -94.6% |
| Furniture and vehicles | 24 | - | €18 | +€18 | |
| Leasing and similar rights | 25 | €333 | - | -€333 | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €239,535 | €285,166 | +€45,631 | +19.0% |
| Amounts receivable within one year | 40/41 | €238,617 | €274,922 | +€36,305 | +15.2% |
| Trade receivables | 40 | €22,458 | €22,717 | +€260 | +1.2% |
| Other amounts receivable | 41 | €216,160 | €252,205 | +€36,045 | +16.7% |
| Cash at bank and in hand | 54/58 | €917 | €10,010 | +€9,093 | +991% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €389,868 | €435,184 | +€45,315 | +11.6% |
| Equity | 10/15 | €231,150 | €273,822 | +€42,672 | +18.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,750 | €261,422 | +€42,672 | +19.5% |
| Amounts payable | 17/49 | €158,719 | €161,362 | +€2,643 | +1.7% |
| Amounts payable after more than one year | 17 | €57,787 | €49,014 | -€8,772 | -15.2% |
| Financial debts | 170/4 | €57,787 | €49,014 | -€8,772 | -15.2% |
| Amounts payable within one year | 42/48 | €100,932 | €112,348 | +€11,415 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €8,183 | €8,772 | +€589 | +7.2% |
| Trade debts | 44 | €12,307 | €31,375 | +€19,068 | +155% |
| Suppliers | 440/4 | €12,307 | €31,375 | +€19,068 | +155% |
| Taxes, remuneration and social security | 45 | €44,443 | €62,441 | +€17,999 | +40.5% |
| Taxes | 450/3 | €44,443 | €39,937 | -€4,506 | -10.1% |
| Remuneration and social security | 454/9 | - | €22,505 | +€22,505 | |
| Other amounts payable | 47/48 | €36,000 | €9,759 | -€26,241 | -72.9% |
| Remuneration, social security and pensions | 62 | €39,119 | €46,695 | +€7,575 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €315 | -€219 | -41.0% |
| Other operating charges | 640/8 | - | €6,390 | +€6,390 | |
| Gross operating margin | 9900 | €84,461 | €104,041 | +€19,580 | +23.2% |
| Operating profit (loss) | 9901 | €44,807 | €50,642 | +€5,834 | +13.0% |
| Financial income | 75/76B | €8,568 | €10,234 | +€1,666 | +19.4% |
| Recurring financial income | 75 | €8,568 | €10,234 | +€1,666 | +19.4% |
| Financial charges | 65/66B | €7,802 | €5,071 | -€2,731 | -35.0% |
| Recurring financial charges | 65 | €7,802 | €5,071 | -€2,731 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €45,573 | €55,804 | +€10,232 | +22.5% |
| Income taxes | 67/77 | €11,498 | €13,133 | +€1,634 | +14.2% |
| Profit (loss) for the period | 9904 | €34,075 | €42,672 | +€8,597 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,075 | €42,672 | +€8,597 | +25.2% |
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 8 November 2026 via checked.be.