Veran: 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.
Veran
Largest movements
- Receivables within one year +€29,671
up €29,671 (+36.4%), from €81,519 to €111,190
of which Other amounts receivable: +€29,723
- Cash +€27,517
up €27,517 (+37.9%), from €72,549 to €100,066
mainly Net result for the year (+€43,891) and Depreciation (+€10,816)
- Tangible fixed assets -€9,718
down €9,718 (-44.4%), from €21,904 to €12,187
of which Furniture and vehicles: -€10,154
- Profit (loss) carried forward +€43,891
up €43,891 (+36.1%), from €121,532 to €165,424
- Tax, wage and social debts +€7,502
up €7,502 (+54.9%), from €13,663 to €21,165
of which Taxes: +€4,798
- Debts after one year -€5,660
down €5,660 (-44.0%), from €12,865 to €7,205
- Trade debts +€3,027
up €3,027 (+37.3%), from €8,118 to €11,145
- Gross operating margin +€35,823
up €35,823 (+68.1%), from €52,605 to €88,427
- Taxes +€11,957
up €11,957 (+253.5%), from €4,716 to €16,673
- Staff costs -€3,047
down €3,047 (-17.5%), from €17,418 to €14,370
- Depreciation -€1,995
down €1,995 (-15.6%), from €12,811 to €10,816
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,087 | €223,706 | +€47,619 | +27.0% |
| Fixed assets | 21/28 | €22,019 | €12,302 | -€9,718 | -44.1% |
| Tangible fixed assets | 22/27 | €21,904 | €12,187 | -€9,718 | -44.4% |
| Plant, machinery and equipment | 23 | €376 | €812 | +€436 | +116.1% |
| Furniture and vehicles | 24 | €21,528 | €11,374 | -€10,154 | -47.2% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €154,068 | €211,405 | +€57,337 | +37.2% |
| Amounts receivable within one year | 40/41 | €81,519 | €111,190 | +€29,671 | +36.4% |
| Trade receivables | 40 | €7,562 | €7,510 | -€52 | -0.7% |
| Other amounts receivable | 41 | €73,957 | €103,680 | +€29,723 | +40.2% |
| Cash at bank and in hand | 54/58 | €72,549 | €100,066 | +€27,517 | +37.9% |
| Deferred charges and accrued income | 490/1 | - | €149 | +€149 | |
| Total equity and liabilities | 10/49 | €176,087 | €223,706 | +€47,619 | +27.0% |
| Equity | 10/15 | €134,032 | €177,924 | +€43,891 | +32.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,532 | €165,424 | +€43,891 | +36.1% |
| Amounts payable | 17/49 | €42,055 | €45,783 | +€3,728 | +8.9% |
| Amounts payable after more than one year | 17 | €12,865 | €7,205 | -€5,660 | -44.0% |
| Financial debts | 170/4 | €12,865 | €7,205 | -€5,660 | -44.0% |
| Amounts payable within one year | 42/48 | €29,190 | €38,578 | +€9,387 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €7,409 | €6,268 | -€1,141 | -15.4% |
| Trade debts | 44 | €8,118 | €11,145 | +€3,027 | +37.3% |
| Suppliers | 440/4 | €8,118 | €11,145 | +€3,027 | +37.3% |
| Taxes, remuneration and social security | 45 | €13,663 | €21,165 | +€7,502 | +54.9% |
| Taxes | 450/3 | €13,663 | €18,461 | +€4,798 | +35.1% |
| Remuneration and social security | 454/9 | - | €2,704 | +€2,704 | |
| Remuneration, social security and pensions | 62 | €17,418 | €14,370 | -€3,047 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,811 | €10,816 | -€1,995 | -15.6% |
| Other operating charges | 640/8 | €2,035 | €1,597 | -€438 | -21.5% |
| Gross operating margin | 9900 | €52,605 | €88,427 | +€35,823 | +68.1% |
| Operating profit (loss) | 9901 | €20,341 | €61,644 | +€41,303 | +203.1% |
| Financial charges | 65/66B | €1,056 | €1,079 | +€23 | +2.2% |
| Recurring financial charges | 65 | €1,056 | €1,079 | +€23 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €19,285 | €60,564 | +€41,280 | +214.1% |
| Income taxes | 67/77 | €4,716 | €16,673 | +€11,957 | +253.5% |
| Profit (loss) for the period | 9904 | €14,569 | €43,891 | +€29,323 | +201.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,569 | €43,891 | +€29,323 | +201.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.