VERECO: 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.
VERECO
Largest movements
- Current assets -€148,003
down €148,003 (-43.8%), from €337,796 to €189,793
of which Receivables within one year: -€126,715
- Tangible fixed assets +€37,530
up €37,530 (+8.6%), from €437,380 to €474,911
- Debts within one year -€95,202
down €95,202 (-60.4%), from €157,532 to €62,330
- Debts after one year -€24,074
down €24,074 (-6.0%), from €400,956 to €376,882
- Contributions +€11,400
up €11,400 (+1,140%), from €1,000 to €12,400
- Depreciation -€23,546
down €23,546 (-43.0%), from €54,801 to €31,255
- Gross operating margin -€19,449
down €19,449 (-17.7%), from €110,134 to €90,684
- Taxes -€18,002
down €18,002 (-77.6%), from €23,208 to €5,206
From the 2016 result to the 2017 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,326 | €664,853 | -€110,473 | -14.2% |
| Fixed assets | 21/28 | €437,530 | €475,061 | +€37,530 | +8.6% |
| Tangible fixed assets | 22/27 | €437,380 | €474,911 | +€37,530 | +8.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €337,796 | €189,793 | -€148,003 | -43.8% |
| Amounts receivable within one year | 40/41 | €260,988 | €134,273 | -€126,715 | -48.6% |
| Cash at bank and in hand | 54/58 | €51,128 | €51,961 | +€833 | +1.6% |
| Total equity and liabilities | 10/49 | €775,326 | €664,853 | -€110,473 | -14.2% |
| Equity | 10/15 | €216,839 | €225,641 | +€8,803 | +4.1% |
| Contributions | 10/11 | €1,000 | €12,400 | +€11,400 | +1,140% |
| Reserves | 13 | €215,839 | €213,241 | -€2,597 | -1.2% |
| Amounts payable | 17/49 | €558,487 | €439,212 | -€119,276 | -21.4% |
| Amounts payable after more than one year | 17 | €400,956 | €376,882 | -€24,074 | -6.0% |
| Amounts payable within one year | 42/48 | €157,532 | €62,330 | -€95,202 | -60.4% |
| Trade debts | 44 | €90 | €28,306 | +€28,216 | +31,333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,801 | €31,255 | -€23,546 | -43.0% |
| Gross operating margin | 9900 | €110,134 | €90,684 | -€19,449 | -17.7% |
| Operating profit (loss) | 9901 | €53,334 | €9,158 | -€44,176 | -82.8% |
| Recurring financial income | 75 | €4,953 | €3,559 | -€1,394 | -28.2% |
| Recurring financial charges | 65 | €4,450 | €10,108 | +€5,658 | +127% |
| Profit (loss) for the period before taxes | 9903 | €53,837 | €2,609 | -€51,228 | -95.2% |
| Income taxes | 67/77 | €23,208 | €5,206 | -€18,002 | -77.6% |
| Profit (loss) for the period | 9904 | €30,629 | -€2,597 | -€33,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,629 | -€2,724 | -€33,353 |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.