VEREN: 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.
VEREN
Largest movements
- Intangible fixed assets -€27,000
down €27,000 (-11.7%), from €230,868 to €203,868
- Cash +€6,765
up €6,765 (+157.9%), from €4,285 to €11,050
mainly Trade debts (+€30,111) and Depreciation (+€29,025)
- Receivables within one year +€5,218
new in 2025: €5,218
- Profit (loss) carried forward -€30,197
down €30,197 (-119.2%), from -€25,324 to -€55,521
- Trade debts +€30,111
up €30,111 (+1872.7%), from €1,608 to €31,719
- Debts after one year -€22,219
down €22,219 (-11.5%), from €192,820 to €170,601
- Other debts +€6,429
up €6,429 (+15.6%), from €41,129 to €47,558
- Gross operating margin -€39,386
down €39,386 (-53.9%), from €73,070 to €33,683
- Staff costs -€25,603
down €25,603 (-51.7%), from €49,536 to €23,933
- Other operating charges -€1,480
down €1,480 (-48.8%), from €3,031 to €1,551
- Financial charges -€780
down €780 (-7.7%), from €10,151 to €9,371
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 | €243,425 | €226,138 | -€17,286 | -7.1% |
| Fixed assets | 21/28 | €238,895 | €209,870 | -€29,025 | -12.1% |
| Intangible fixed assets | 21 | €230,868 | €203,868 | -€27,000 | -11.7% |
| Tangible fixed assets | 22/27 | €8,027 | €6,002 | -€2,025 | -25.2% |
| Plant, machinery and equipment | 23 | €8,027 | €6,002 | -€2,025 | -25.2% |
| Current assets | 29/58 | €4,529 | €16,268 | +€11,739 | +259.2% |
| Amounts receivable within one year | 40/41 | - | €5,218 | +€5,218 | |
| Other amounts receivable | 41 | - | €5,218 | +€5,218 | |
| Cash at bank and in hand | 54/58 | €4,285 | €11,050 | +€6,765 | +157.9% |
| Deferred charges and accrued income | 490/1 | €244 | - | -€244 | |
| Total equity and liabilities | 10/49 | €243,425 | €226,138 | -€17,286 | -7.1% |
| Equity | 10/15 | -€20,324 | -€50,521 | -€30,197 | -148.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,324 | -€55,521 | -€30,197 | -119.2% |
| Amounts payable | 17/49 | €263,749 | €276,660 | +€12,911 | +4.9% |
| Amounts payable after more than one year | 17 | €192,820 | €170,601 | -€22,219 | -11.5% |
| Financial debts | 170/4 | €192,820 | €170,601 | -€22,219 | -11.5% |
| Amounts payable within one year | 42/48 | €70,929 | €106,059 | +€35,130 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €21,352 | €22,219 | +€868 | +4.1% |
| Trade debts | 44 | €1,608 | €31,719 | +€30,111 | +1872.7% |
| Suppliers | 440/4 | €1,608 | €31,719 | +€30,111 | +1872.7% |
| Taxes, remuneration and social security | 45 | €6,840 | €4,563 | -€2,278 | -33.3% |
| Taxes | 450/3 | €140 | - | -€140 | |
| Remuneration and social security | 454/9 | €6,700 | €4,563 | -€2,138 | -31.9% |
| Other amounts payable | 47/48 | €41,129 | €47,558 | +€6,429 | +15.6% |
| Remuneration, social security and pensions | 62 | €49,536 | €23,933 | -€25,603 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,540 | €29,025 | +€485 | +1.7% |
| Other operating charges | 640/8 | €3,031 | €1,551 | -€1,480 | -48.8% |
| Gross operating margin | 9900 | €73,070 | €33,683 | -€39,386 | -53.9% |
| Operating profit (loss) | 9901 | -€8,037 | -€20,826 | -€12,789 | -159.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €10,151 | €9,371 | -€780 | -7.7% |
| Recurring financial charges | 65 | €10,151 | €9,371 | -€780 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,188 | -€30,197 | -€12,009 | -66.0% |
| Profit (loss) for the period | 9904 | -€18,188 | -€30,197 | -€12,009 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,188 | -€30,197 | -€12,009 | -66.0% |
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.