VEREMAN: 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.
VEREMAN
Largest movements
- Cash +€8,172
up €8,172 (+184%), from €4,443 to €12,616
mainly Debts after one year (+€18,531) and Trade debts (+€6,973)
- Receivables within one year -€3,510
down €3,510 (-10.7%), from €32,928 to €29,418
of which Trade receivables: -€16,415
- Tangible fixed assets -€2,655
down €2,655 (-4.8%), from €55,669 to €53,014
of which Land and buildings: -€1,800
- Deferred charges and accrued income -€2,081
down €2,081 (-73.8%), from €2,821 to €740
- Debts after one year +€18,531
up €18,531 (+39.2%), from €47,308 to €65,839
- Profit (loss) carried forward -€12,952
down €12,952 (-63.0%), from -€20,552 to -€33,504
- Tax, wage and social debts -€8,874
down €8,874 (-65.6%), from €13,531 to €4,657
- Trade debts +€6,973
up €6,973 (+141%), from €4,958 to €11,931
- Other debts -€3,266
no longer reported in 2025 (was €3,266)
- Gross operating margin +€2,260
up €2,260 (+43.4%), from -€5,213 to -€2,953
- Other operating charges -€2,214
down €2,214 (-69.0%), from €3,211 to €997
- Financial charges +€2,028
up €2,028 (+46.3%), from €4,382 to €6,411
- Financial income +€766
up €766 (+7,661,700%), from €0 to €766
- Depreciation -€677
down €677 (-22.6%), from €2,996 to €2,319
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 | €95,862 | €95,788 | -€73 | -0.1% |
| Fixed assets | 21/28 | €55,669 | €53,014 | -€2,655 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €55,669 | €53,014 | -€2,655 | -4.8% |
| Land and buildings | 22 | €54,492 | €52,692 | -€1,800 | -3.3% |
| Plant, machinery and equipment | 23 | €336 | - | -€336 | |
| Furniture and vehicles | 24 | €841 | €323 | -€519 | -61.7% |
| Current assets | 29/58 | €40,193 | €42,774 | +€2,581 | +6.4% |
| Amounts receivable within one year | 40/41 | €32,928 | €29,418 | -€3,510 | -10.7% |
| Trade receivables | 40 | €32,928 | €16,513 | -€16,415 | -49.9% |
| Other amounts receivable | 41 | €0 | €12,905 | +€12,905 | |
| Cash at bank and in hand | 54/58 | €4,443 | €12,616 | +€8,172 | +184% |
| Deferred charges and accrued income | 490/1 | €2,821 | €740 | -€2,081 | -73.8% |
| Total equity and liabilities | 10/49 | €95,862 | €95,788 | -€73 | -0.1% |
| Equity | 10/15 | €16,321 | €3,370 | -€12,952 | -79.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,873 | €16,873 | = | 0.0% |
| Distributable reserves | 133 | €16,873 | €16,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,552 | -€33,504 | -€12,952 | -63.0% |
| Amounts payable | 17/49 | €79,540 | €92,419 | +€12,878 | +16.2% |
| Amounts payable after more than one year | 17 | €47,308 | €65,839 | +€18,531 | +39.2% |
| Financial debts | 170/4 | €47,308 | €65,839 | +€18,531 | +39.2% |
| Amounts payable within one year | 42/48 | €32,233 | €26,580 | -€5,653 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €10,478 | €9,991 | -€486 | -4.6% |
| Trade debts | 44 | €4,958 | €11,931 | +€6,973 | +141% |
| Suppliers | 440/4 | €4,958 | €11,931 | +€6,973 | +141% |
| Taxes, remuneration and social security | 45 | €13,531 | €4,657 | -€8,874 | -65.6% |
| Taxes | 450/3 | €13,531 | €4,657 | -€8,874 | -65.6% |
| Other amounts payable | 47/48 | €3,266 | - | -€3,266 | |
| Non-recurring operating income | 76A | - | €3,478 | +€3,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,996 | €2,319 | -€677 | -22.6% |
| Other operating charges | 640/8 | €3,211 | €997 | -€2,214 | -69.0% |
| Non-recurring operating charges | 66A | - | €336 | +€336 | |
| Gross operating margin | 9900 | -€5,213 | -€2,953 | +€2,260 | +43.4% |
| Operating profit (loss) | 9901 | -€11,420 | -€6,605 | +€4,816 | +42.2% |
| Financial income | 75/76B | €0 | €766 | +€766 | +7,661,700% |
| Recurring financial income | 75 | €0 | €766 | +€766 | +7,661,700% |
| Financial charges | 65/66B | €4,382 | €6,411 | +€2,028 | +46.3% |
| Recurring financial charges | 65 | €4,382 | €6,411 | +€2,028 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,803 | -€12,249 | +€3,554 | +22.5% |
| Income taxes | 67/77 | €657 | €703 | +€46 | +6.9% |
| Profit (loss) for the period | 9904 | -€16,460 | -€12,952 | +€3,508 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,460 | -€12,952 | +€3,508 | +21.3% |
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 25 October 2026 via checked.be.