VERELLEN: what changed
VERELLEN
Largest movements
- Receivables within one year +€7,376
up €7,376 (+42.5%), from €17,374 to €24,749
of which Other amounts receivable: +€10,555
- Cash -€3,065
down €3,065 (-32.8%), from €9,347 to €6,282
mainly Tax, wage and social debts (-€8,188) and Receivables within one year (-€7,376)
- Tangible fixed assets -€1,831
down €1,831 (-61.2%), from €2,993 to €1,162
of which Plant, machinery and equipment: -€1,284
- Tax, wage and social debts -€8,188
down €8,188 (-45.1%), from €18,174 to €9,986
of which Taxes: -€5,688
- Reserves +€7,999
up €7,999 (+285%), from €2,810 to €10,809
- Trade debts +€2,413
up €2,413 (+15.7%), from €15,417 to €17,830
- Profit (loss) carried forward +€557
no longer reported in 2024 (was -€557)
- Gross operating margin +€13,028
up €13,028 (+169%), from €7,729 to €20,757
- Taxes +€3,554
up €3,554 (+240%), from €1,479 to €5,033
- Financial charges +€1,628
up €1,628 (+678%), from €240 to €1,868
- Other operating charges -€1,419
down €1,419 (-29.0%), from €4,888 to €3,469
- Depreciation +€246
up €246 (+15.5%), from €1,586 to €1,831
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,844 | €42,625 | +€2,781 | +7.0% |
| Fixed assets | 21/28 | €3,123 | €1,292 | -€1,831 | -58.6% |
| Tangible fixed assets | 22/27 | €2,993 | €1,162 | -€1,831 | -61.2% |
| Plant, machinery and equipment | 23 | €2,218 | €934 | -€1,284 | -57.9% |
| Furniture and vehicles | 24 | €775 | €228 | -€547 | -70.6% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €36,721 | €41,333 | +€4,613 | +12.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,374 | €24,749 | +€7,376 | +42.5% |
| Trade receivables | 40 | €9,881 | €6,701 | -€3,180 | -32.2% |
| Other amounts receivable | 41 | €7,493 | €18,048 | +€10,555 | +141% |
| Cash at bank and in hand | 54/58 | €9,347 | €6,282 | -€3,065 | -32.8% |
| Deferred charges and accrued income | 490/1 | - | €302 | +€302 | |
| Total equity and liabilities | 10/49 | €39,844 | €42,625 | +€2,781 | +7.0% |
| Equity | 10/15 | €6,253 | €14,809 | +€8,556 | +137% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,810 | €10,809 | +€7,999 | +285% |
| Distributable reserves | 133 | €2,810 | €10,809 | +€7,999 | +285% |
| Profit (loss) carried forward | 14 | -€557 | - | +€557 | |
| Amounts payable | 17/49 | €33,591 | €27,816 | -€5,775 | -17.2% |
| Amounts payable within one year | 42/48 | €33,591 | €27,816 | -€5,775 | -17.2% |
| Trade debts | 44 | €15,417 | €17,830 | +€2,413 | +15.7% |
| Suppliers | 440/4 | €15,417 | €17,830 | +€2,413 | +15.7% |
| Taxes, remuneration and social security | 45 | €18,174 | €9,986 | -€8,188 | -45.1% |
| Taxes | 450/3 | €15,674 | €9,986 | -€5,688 | -36.3% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €1,831 | +€246 | +15.5% |
| Other operating charges | 640/8 | €4,888 | €3,469 | -€1,419 | -29.0% |
| Gross operating margin | 9900 | €7,729 | €20,757 | +€13,028 | +169% |
| Operating profit (loss) | 9901 | €1,256 | €15,457 | +€14,201 | +1,131% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €240 | €1,868 | +€1,628 | +678% |
| Recurring financial charges | 65 | €240 | €1,868 | +€1,628 | +678% |
| Profit (loss) for the period before taxes | 9903 | €1,017 | €13,588 | +€12,571 | +1,236% |
| Income taxes | 67/77 | €1,479 | €5,033 | +€3,554 | +240% |
| Profit (loss) for the period | 9904 | -€462 | €8,556 | +€9,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€462 | €8,556 | +€9,018 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.