VERANDA SERVICE: 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.
What changed
VERANDA SERVICE
NACE 47.529, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,149
2024 · €21,571-€17,422
Equity
€385,001
2024 · €157,591+€227,410
Cash
€52,366
2024 · €52,262+€104
Balance sheet total
€1.6m
2024 · €1.5m+€97,264
Largest movements
Assets
- Stocks and contracts +€70,556
up €70,556 (+63.9%), from €110,461 to €181,018
- Tangible fixed assets +€69,645
up €69,645 (+7.7%), from €909,835 to €979,479
of which Land and buildings: +€181,720
- Receivables within one year -€41,744
down €41,744 (-12.0%), from €346,554 to €304,811
of which Trade receivables: -€30,100
Equity and liabilities
- Revaluation surpluses +€220,742
new in 2025: €220,742
- Debts after one year -€128,502
down €128,502 (-16.2%), from €793,528 to €665,026
- Trade debts +€25,567
up €25,567 (+12.2%), from €210,145 to €235,711
- Short-term financial debts -€20,462
down €20,462 (-35.0%), from €58,465 to €38,003
- Current portion of long-term debt -€19,120
down €19,120 (-10.7%), from €178,138 to €159,018
Income statement
- Gross operating margin -€38,257
down €38,257 (-5.6%), from €681,022 to €642,765
- Staff costs -€37,669
down €37,669 (-9.3%), from €404,666 to €366,997
- Taxes +€11,031
up €11,031 (+158%), from €6,974 to €18,005
- Depreciation +€9,651
up €9,651 (+5.1%), from €188,191 to €197,842
- Financial charges -€8,771
down €8,771 (-17.9%), from €49,049 to €40,279
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
€21,571
Gross operating margin
-€38,257
Staff costs
+€37,669
Depreciation
-€9,651
Other operating charges
+€2,159
Other operating items
-€7,065
Financial income
-€17
Financial charges
+€8,771
Taxes
-€11,031
Result 2025
€4,149
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€212,414
Investment
-€267,486
Financing
+€55,177
Cash 2024
€52,262
From operations (derived)
+€212,414
Net result for the year
+€4,149
Depreciation
+€197,842
Stocks and contracts
-€70,556
Receivables within one year
+€41,744
Deferred charges and accrued income
+€1,298
Trade debts
+€25,567
Tax, wage and social debts
+€11,389
Other debts
+€707
Accrued charges and deferred income
+€276
Investment (derived)
-€267,486
Investment in fixed assets (net)
-€267,486
Financing
+€55,177
Debts after one year
-€128,502
Current portion of long-term debt
-€19,120
Short-term financial debts
-€20,462
Contributions, distributions and other
+€223,261
Cash 2025
€52,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,453,629 | €1,550,894 | +€97,264 | +6.7% |
| Fixed assets | 21/28 | €912,525 | €982,169 | +€69,645 | +7.6% |
| Tangible fixed assets | 22/27 | €909,835 | €979,479 | +€69,645 | +7.7% |
| Land and buildings | 22 | €520,761 | €702,481 | +€181,720 | +34.9% |
| Plant, machinery and equipment | 23 | €89,788 | €70,846 | -€18,942 | -21.1% |
| Furniture and vehicles | 24 | €17,404 | €16,643 | -€761 | -4.4% |
| Leasing and similar rights | 25 | €281,882 | €189,510 | -€92,373 | -32.8% |
| Financial fixed assets | 28 | €2,690 | €2,690 | = | 0.0% |
| Current assets | 29/58 | €541,105 | €568,724 | +€27,620 | +5.1% |
| Stocks and contracts in progress | 3 | €110,461 | €181,018 | +€70,556 | +63.9% |
| Stocks | 30/36 | €110,461 | €181,018 | +€70,556 | +63.9% |
| Amounts receivable within one year | 40/41 | €346,554 | €304,811 | -€41,744 | -12.0% |
| Trade receivables | 40 | €299,155 | €269,055 | -€30,100 | -10.1% |
| Other amounts receivable | 41 | €47,399 | €35,756 | -€11,644 | -24.6% |
| Cash at bank and in hand | 54/58 | €52,262 | €52,366 | +€104 | +0.2% |
| Deferred charges and accrued income | 490/1 | €31,828 | €30,530 | -€1,298 | -4.1% |
| Total equity and liabilities | 10/49 | €1,453,629 | €1,550,894 | +€97,264 | +6.7% |
| Equity | 10/15 | €157,591 | €385,001 | +€227,410 | +144% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €220,742 | +€220,742 | |
| Reserves | 13 | €17,860 | €23,379 | +€5,519 | +30.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €21,519 | +€5,519 | +34.5% |
| Profit (loss) carried forward | 14 | €76,131 | €80,280 | +€4,149 | +5.4% |
| Investment grants | 15 | €45,000 | €42,000 | -€3,000 | -6.7% |
| Amounts payable | 17/49 | €1,296,038 | €1,165,893 | -€130,145 | -10.0% |
| Amounts payable after more than one year | 17 | €793,528 | €665,026 | -€128,502 | -16.2% |
| Financial debts | 170/4 | €793,528 | €665,026 | -€128,502 | -16.2% |
| Amounts payable within one year | 42/48 | €502,511 | €500,590 | -€1,920 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €178,138 | €159,018 | -€19,120 | -10.7% |
| Financial debts | 43 | €58,465 | €38,003 | -€20,462 | -35.0% |
| Credit institutions | 430/8 | €58,465 | €38,003 | -€20,462 | -35.0% |
| Trade debts | 44 | €210,145 | €235,711 | +€25,567 | +12.2% |
| Suppliers | 440/4 | €210,145 | €235,711 | +€25,567 | +12.2% |
| Taxes, remuneration and social security | 45 | €55,763 | €67,152 | +€11,389 | +20.4% |
| Taxes | 450/3 | €14,073 | €24,133 | +€10,060 | +71.5% |
| Remuneration and social security | 454/9 | €41,690 | €43,019 | +€1,329 | +3.2% |
| Other amounts payable | 47/48 | - | €707 | +€707 | |
| Accrued charges and deferred income | 492/3 | - | €276 | +€276 | |
| Non-recurring operating income | 76A | €4,821 | €6,156 | +€1,335 | +27.7% |
| Remuneration, social security and pensions | 62 | €404,666 | €366,997 | -€37,669 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,191 | €197,842 | +€9,651 | +5.1% |
| Other operating charges | 640/8 | €10,814 | €8,656 | -€2,159 | -20.0% |
| Non-recurring operating charges | 66A | €2,886 | €9,951 | +€7,065 | +245% |
| Gross operating margin | 9900 | €681,022 | €642,765 | -€38,257 | -5.6% |
| Operating profit (loss) | 9901 | €74,464 | €59,319 | -€15,144 | -20.3% |
| Financial income | 75/76B | €3,130 | €3,113 | -€17 | -0.6% |
| Recurring financial income | 75 | €3,130 | €3,113 | -€17 | -0.6% |
| Financial charges | 65/66B | €49,049 | €40,279 | -€8,771 | -17.9% |
| Recurring financial charges | 65 | €49,049 | €40,279 | -€8,771 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €28,544 | €22,154 | -€6,391 | -22.4% |
| Income taxes | 67/77 | €6,974 | €18,005 | +€11,031 | +158% |
| Profit (loss) for the period | 9904 | €21,571 | €4,149 | -€17,422 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,571 | €4,149 | -€17,422 | -80.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.