VERATEC: what changed
VERATEC
Largest movements
- Tangible fixed assets +€26,439
new in 2025: €26,439
- Cash +€7,528
up €7,528 (+26.2%), from €28,744 to €36,271
mainly Net result for the year (+€36,841) and Depreciation (+€4,611)
- Receivables within one year +€1,789
up €1,789 (+17.7%), from €10,087 to €11,876
of which Other amounts receivable: +€1,050
- Deferred charges and accrued income -€792
no longer reported in 2025 (was €792)
- Reserves +€37,750
up €37,750 (+157%), from €24,000 to €61,750
- Other debts -€3,994
no longer reported in 2025 (was €3,994)
- Tax, wage and social debts +€1,675
up €1,675 (+35.4%), from €4,725 to €6,400
- Profit (loss) carried forward -€909
down €909 (-95.6%), from €950 to €42
- Gross operating margin +€21,642
up €21,642 (+67.6%), from €31,992 to €53,634
- Depreciation +€4,611
new in 2025: €4,611
- Taxes +€4,098
up €4,098 (+62.2%), from €6,586 to €10,684
- Other operating charges +€985
up €985 (+261%), from €377 to €1,363
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 | €39,622 | €74,586 | +€34,964 | +88.2% |
| Fixed assets | 21/28 | - | €26,439 | +€26,439 | |
| Tangible fixed assets | 22/27 | - | €26,439 | +€26,439 | |
| Furniture and vehicles | 24 | - | €26,439 | +€26,439 | |
| Current assets | 29/58 | €39,622 | €48,147 | +€8,525 | +21.5% |
| Amounts receivable within one year | 40/41 | €10,087 | €11,876 | +€1,789 | +17.7% |
| Trade receivables | 40 | €10,087 | €10,826 | +€739 | +7.3% |
| Other amounts receivable | 41 | - | €1,050 | +€1,050 | |
| Cash at bank and in hand | 54/58 | €28,744 | €36,271 | +€7,528 | +26.2% |
| Deferred charges and accrued income | 490/1 | €792 | - | -€792 | |
| Total equity and liabilities | 10/49 | €39,622 | €74,586 | +€34,964 | +88.2% |
| Equity | 10/15 | €29,950 | €66,792 | +€36,841 | +123% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €61,750 | +€37,750 | +157% |
| Distributable reserves | 133 | €24,000 | €61,750 | +€37,750 | +157% |
| Profit (loss) carried forward | 14 | €950 | €42 | -€909 | -95.6% |
| Amounts payable | 17/49 | €9,672 | €7,795 | -€1,877 | -19.4% |
| Amounts payable within one year | 42/48 | €9,672 | €7,795 | -€1,877 | -19.4% |
| Trade debts | 44 | €953 | €1,395 | +€441 | +46.3% |
| Suppliers | 440/4 | €953 | €1,395 | +€441 | +46.3% |
| Taxes, remuneration and social security | 45 | €4,725 | €6,400 | +€1,675 | +35.4% |
| Taxes | 450/3 | €4,725 | €6,400 | +€1,675 | +35.4% |
| Other amounts payable | 47/48 | €3,994 | - | -€3,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,611 | +€4,611 | |
| Other operating charges | 640/8 | €377 | €1,363 | +€985 | +261% |
| Gross operating margin | 9900 | €31,992 | €53,634 | +€21,642 | +67.6% |
| Operating profit (loss) | 9901 | €31,615 | €47,660 | +€16,045 | +50.8% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €96 | €135 | +€39 | +40.0% |
| Recurring financial charges | 65 | €96 | €135 | +€39 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €31,536 | €47,525 | +€15,989 | +50.7% |
| Income taxes | 67/77 | €6,586 | €10,684 | +€4,098 | +62.2% |
| Profit (loss) for the period | 9904 | €24,950 | €36,841 | +€11,891 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,950 | €36,841 | +€11,891 | +47.7% |
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.