VERECOM: 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.
VERECOM
Largest movements
- Cash +€18,492
up €18,492 (+143.8%), from €12,860 to €31,352
mainly Net result for the year (+€49,779) and Depreciation (+€18,223)
- Tangible fixed assets -€18,223
down €18,223 (-9.7%), from €188,575 to €170,352
- Current investments -€11,704
down €11,704 (-8.3%), from €140,489 to €128,785
- Receivables within one year +€7,834
up €7,834 (+22.0%), from €35,672 to €43,506
of which Other amounts receivable: +€6,993
- Reserves +€28,000
up €28,000 (+13.1%), from €213,500 to €241,500
- Debts after one year -€22,734
down €22,734 (-30.3%), from €75,148 to €52,414
- Trade debts -€4,211
down €4,211 (-93.2%), from €4,520 to €309
- Other debts -€3,800
down €3,800 (-15.0%), from €25,400 to €21,600
- Gross operating margin +€1,870
up €1,870 (+2.1%), from €89,546 to €91,416
- Taxes +€1,027
up €1,027 (+5.4%), from €18,937 to €19,964
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 | €379,338 | €375,953 | -€3,385 | -0.9% |
| Fixed assets | 21/28 | €188,575 | €170,352 | -€18,223 | -9.7% |
| Tangible fixed assets | 22/27 | €188,575 | €170,352 | -€18,223 | -9.7% |
| Land and buildings | 22 | €153,292 | €145,180 | -€8,112 | -5.3% |
| Plant, machinery and equipment | 23 | €19,285 | €16,284 | -€3,001 | -15.6% |
| Furniture and vehicles | 24 | €15,998 | €8,888 | -€7,110 | -44.4% |
| Current assets | 29/58 | €190,763 | €205,601 | +€14,838 | +7.8% |
| Amounts receivable within one year | 40/41 | €35,672 | €43,506 | +€7,834 | +22.0% |
| Trade receivables | 40 | €17,686 | €18,527 | +€841 | +4.8% |
| Other amounts receivable | 41 | €17,986 | €24,979 | +€6,993 | +38.9% |
| Current investments | 50/53 | €140,489 | €128,785 | -€11,704 | -8.3% |
| Cash at bank and in hand | 54/58 | €12,860 | €31,352 | +€18,492 | +143.8% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,958 | +€216 | +12.4% |
| Total equity and liabilities | 10/49 | €379,338 | €375,953 | -€3,385 | -0.9% |
| Equity | 10/15 | €232,658 | €260,837 | +€28,179 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,500 | €241,500 | +€28,000 | +13.1% |
| Distributable reserves | 133 | €213,500 | €241,500 | +€28,000 | +13.1% |
| Profit (loss) carried forward | 14 | €558 | €737 | +€179 | +32.1% |
| Amounts payable | 17/49 | €146,680 | €115,116 | -€31,564 | -21.5% |
| Amounts payable after more than one year | 17 | €75,148 | €52,414 | -€22,734 | -30.3% |
| Financial debts | 170/4 | €75,148 | €52,414 | -€22,734 | -30.3% |
| Amounts payable within one year | 42/48 | €71,119 | €62,410 | -€8,709 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €24,247 | €22,734 | -€1,513 | -6.2% |
| Trade debts | 44 | €4,520 | €309 | -€4,211 | -93.2% |
| Suppliers | 440/4 | €4,520 | €309 | -€4,211 | -93.2% |
| Taxes, remuneration and social security | 45 | €16,952 | €17,767 | +€815 | +4.8% |
| Taxes | 450/3 | €16,952 | €17,767 | +€815 | +4.8% |
| Other amounts payable | 47/48 | €25,400 | €21,600 | -€3,800 | -15.0% |
| Accrued charges and deferred income | 492/3 | €413 | €292 | -€121 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,370 | €18,223 | -€147 | -0.8% |
| Other operating charges | 640/8 | €2,162 | €1,960 | -€202 | -9.3% |
| Gross operating margin | 9900 | €89,546 | €91,416 | +€1,870 | +2.1% |
| Operating profit (loss) | 9901 | €69,014 | €71,233 | +€2,219 | +3.2% |
| Financial income | 75/76B | €192 | €231 | +€39 | +20.3% |
| Recurring financial income | 75 | €192 | €231 | +€39 | +20.3% |
| Financial charges | 65/66B | €2,021 | €1,721 | -€300 | -14.8% |
| Recurring financial charges | 65 | €2,021 | €1,721 | -€300 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €67,185 | €69,743 | +€2,558 | +3.8% |
| Income taxes | 67/77 | €18,937 | €19,964 | +€1,027 | +5.4% |
| Profit (loss) for the period | 9904 | €48,248 | €49,779 | +€1,531 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,248 | €49,779 | +€1,531 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.