VEREMAS: what changed
Two fiscal 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.
VEREMAS
Largest movements
- Cash +€8,904
up €8,904 (+11.0%), from €81,045 to €89,950
mainly Net result for the year (+€7,632) and Other debts (+€5,677)
- Tangible fixed assets +€3,482
up €3,482 (+16.7%), from €20,913 to €24,396
of which Plant, machinery and equipment: +€4,926
- Profit (loss) carried forward +€7,632
up €7,632 (+3.6%), from €209,135 to €216,767
- Other debts +€5,677
up €5,677 (+258.1%), from €2,200 to €7,876
- Gross operating margin -€10,712
down €10,712 (-37.3%), from €28,716 to €18,005
- Taxes -€1,591
down €1,591 (-25.5%), from €6,239 to €4,648
- Financial charges -€628
down €628 (-19.7%), from €3,182 to €2,554
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 | €240,783 | €252,666 | +€11,883 | +4.9% |
| Fixed assets | 21/28 | €155,913 | €159,396 | +€3,482 | +2.2% |
| Tangible fixed assets | 22/27 | €20,913 | €24,396 | +€3,482 | +16.7% |
| Plant, machinery and equipment | 23 | €18,328 | €23,254 | +€4,926 | +26.9% |
| Furniture and vehicles | 24 | €2,585 | €1,142 | -€1,444 | -55.8% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €84,870 | €93,270 | +€8,400 | +9.9% |
| Amounts receivable within one year | 40/41 | €1,653 | €1,352 | -€301 | -18.2% |
| Other amounts receivable | 41 | €1,653 | €1,352 | -€301 | -18.2% |
| Cash at bank and in hand | 54/58 | €81,045 | €89,950 | +€8,904 | +11.0% |
| Deferred charges and accrued income | 490/1 | €2,172 | €1,969 | -€203 | -9.3% |
| Total equity and liabilities | 10/49 | €240,783 | €252,666 | +€11,883 | +4.9% |
| Equity | 10/15 | €229,595 | €237,227 | +€7,632 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,135 | €216,767 | +€7,632 | +3.6% |
| Amounts payable | 17/49 | €11,188 | €15,438 | +€4,251 | +38.0% |
| Amounts payable within one year | 42/48 | €11,188 | €15,438 | +€4,251 | +38.0% |
| Trade debts | 44 | €5,688 | €4,262 | -€1,426 | -25.1% |
| Suppliers | 440/4 | €5,688 | €4,262 | -€1,426 | -25.1% |
| Taxes, remuneration and social security | 45 | €3,300 | €3,300 | = | 0.0% |
| Taxes | 450/3 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,200 | €7,876 | +€5,677 | +258.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €2,610 | +€265 | +11.3% |
| Other operating charges | 640/8 | €544 | €560 | +€16 | +2.9% |
| Gross operating margin | 9900 | €28,716 | €18,005 | -€10,712 | -37.3% |
| Operating profit (loss) | 9901 | €25,827 | €14,835 | -€10,992 | -42.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,182 | €2,554 | -€628 | -19.7% |
| Recurring financial charges | 65 | €3,182 | €2,554 | -€628 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €22,645 | €12,280 | -€10,365 | -45.8% |
| Income taxes | 67/77 | €6,239 | €4,648 | -€1,591 | -25.5% |
| Profit (loss) for the period | 9904 | €16,406 | €7,632 | -€8,774 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,406 | €7,632 | -€8,774 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.