VEREMA: 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.
VEREMA
Largest movements
- Tangible fixed assets +€358,843
up €358,843 (+1,099%), from €32,646 to €391,489
of which Land and buildings: +€372,174
- Cash -€138,415
down €138,415 (-64.2%), from €215,668 to €77,253
mainly Investment in fixed assets (net) (-€382,462) and Receivables within one year (-€78,251)
- Receivables within one year +€78,251
up €78,251 (+209%), from €37,473 to €115,725
of which Other amounts receivable: +€105,115
- Stocks and contracts -€22,281
down €22,281 (-60.3%), from €36,957 to €14,676
- Deferred charges and accrued income -€12,744
down €12,744 (-84.2%), from €15,139 to €2,395
- Debts after one year +€347,082
up €347,082, from €0 to €347,082
- Profit (loss) carried forward -€78,190
down €78,190, from €31,473 to -€46,717
- Trade debts -€17,950
down €17,950 (-71.5%), from €25,102 to €7,153
- Current portion of long-term debt +€14,426
up €14,426 (+361%), from €3,993 to €18,420
- Gross operating margin -€162,513
down €162,513, from €116,072 to -€46,441
- Taxes -€25,619
down €25,619 (-100%), from €25,619 to €0
- Depreciation +€6,364
up €6,364 (+36.9%), from €17,255 to €23,619
- Other operating charges +€5,667
up €5,667 (+502%), from €1,129 to €6,796
- Financial charges +€3,866
up €3,866 (+2,377%), from €163 to €4,028
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,883 | €601,537 | +€263,655 | +78.0% |
| Fixed assets | 21/28 | €32,646 | €391,489 | +€358,843 | +1,099% |
| Tangible fixed assets | 22/27 | €32,646 | €391,489 | +€358,843 | +1,099% |
| Land and buildings | 22 | - | €372,174 | +€372,174 | |
| Plant, machinery and equipment | 23 | €9,546 | €6,520 | -€3,026 | -31.7% |
| Furniture and vehicles | 24 | €18,410 | €12,795 | -€5,615 | -30.5% |
| Leasing and similar rights | 25 | €4,691 | €0 | -€4,691 | -100% |
| Current assets | 29/58 | €305,237 | €210,048 | -€95,188 | -31.2% |
| Stocks and contracts in progress | 3 | €36,957 | €14,676 | -€22,281 | -60.3% |
| Stocks | 30/36 | €36,957 | €14,676 | -€22,281 | -60.3% |
| Amounts receivable within one year | 40/41 | €37,473 | €115,725 | +€78,251 | +209% |
| Trade receivables | 40 | €27,864 | €1,000 | -€26,864 | -96.4% |
| Other amounts receivable | 41 | €9,609 | €114,725 | +€105,115 | +1,094% |
| Cash at bank and in hand | 54/58 | €215,668 | €77,253 | -€138,415 | -64.2% |
| Deferred charges and accrued income | 490/1 | €15,139 | €2,395 | -€12,744 | -84.2% |
| Total equity and liabilities | 10/49 | €337,883 | €601,537 | +€263,655 | +78.0% |
| Equity | 10/15 | €307,073 | €228,883 | -€78,190 | -25.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €260,600 | €260,600 | = | 0.0% |
| Distributable reserves | 133 | €260,600 | €260,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,473 | -€46,717 | -€78,190 | |
| Amounts payable | 17/49 | €30,810 | €372,654 | +€341,844 | +1,110% |
| Amounts payable after more than one year | 17 | €0 | €347,082 | +€347,082 | |
| Financial debts | 170/4 | €0 | €347,082 | +€347,082 | |
| Amounts payable within one year | 42/48 | €30,810 | €25,572 | -€5,238 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €3,993 | €18,420 | +€14,426 | +361% |
| Trade debts | 44 | €25,102 | €7,153 | -€17,950 | -71.5% |
| Suppliers | 440/4 | €25,102 | €7,153 | -€17,950 | -71.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,715 | €0 | -€1,715 | -100% |
| Non-recurring operating income | 76A | - | €8,264 | +€8,264 | |
| Remuneration, social security and pensions | 62 | €2,899 | €97 | -€2,802 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,255 | €23,619 | +€6,364 | +36.9% |
| Other operating charges | 640/8 | €1,129 | €6,796 | +€5,667 | +502% |
| Non-recurring operating charges | 66A | €1,141 | €0 | -€1,141 | -100% |
| Gross operating margin | 9900 | €116,072 | -€46,441 | -€162,513 | |
| Operating profit (loss) | 9901 | €93,648 | -€76,953 | -€170,601 | |
| Financial income | 75/76B | €4 | €2,791 | +€2,788 | +73,359% |
| Recurring financial income | 75 | €4 | €2,791 | +€2,788 | +73,359% |
| Financial charges | 65/66B | €163 | €4,028 | +€3,866 | +2,377% |
| Recurring financial charges | 65 | €163 | €4,028 | +€3,866 | +2,377% |
| Profit (loss) for the period before taxes | 9903 | €93,489 | -€78,190 | -€171,678 | |
| Income taxes | 67/77 | €25,619 | €0 | -€25,619 | -100% |
| Profit (loss) for the period | 9904 | €67,870 | -€78,190 | -€146,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,870 | -€78,190 | -€146,059 |
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 24 October 2026 via checked.be.