VERESCO: what changed
What changed
VERESCO
NACE 64.210, Activities of holding companies
not consecutivefiled annual accounts (NBB)
Net result for the year
-€36,588
2023 · €45,170-€81,758
Equity
€2.2m
2023 · €2.2m-€60,855
Cash
€2,921
2023 · €375+€2,546
Balance sheet total
€2.6m
2023 · €2.6m-€27,776
Largest movements
Assets
- Receivables within one year +€46,246
up €46,246 (+12.4%), from €374,363 to €420,609
of which Other amounts receivable: +€43,214
- Current investments -€41,400
down €41,400 (-5.2%), from €801,424 to €760,024
- Tangible fixed assets -€40,133
down €40,133 (-7.1%), from €564,021 to €523,888
of which Land and buildings: -€39,687
Equity and liabilities
- Profit (loss) carried forward -€60,855
down €60,855 (-11.3%), from €536,622 to €475,767
- Other debts +€39,104
up €39,104 (+102%), from €38,500 to €77,604
Income statement
- Gross operating margin -€36,633
down €36,633 (-77.4%), from €47,309 to €10,675
- Staff costs +€31,293
new in 2025: €31,293
- Financial income -€12,883
down €12,883 (-39.7%), from €32,436 to €19,553
- Depreciation -€1,130
down €1,130 (-4.3%), from €26,069 to €24,940
- Taxes +€1,127
no longer reported in 2025 (was -€1,127)
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€45,170
Gross operating margin
-€36,633
Staff costs
-€31,293
Depreciation
+€1,130
Other operating charges
-€915
Other operating items
-€833
Financial income
-€12,883
Financial charges
+€796
Taxes
-€1,127
Result 2025
-€36,588
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,593,541 | €2,565,765 | -€27,776 | -1.1% |
| Fixed assets | 21/28 | €564,801 | €524,668 | -€40,133 | -7.1% |
| Tangible fixed assets | 22/27 | €564,021 | €523,888 | -€40,133 | -7.1% |
| Land and buildings | 22 | €563,576 | €523,888 | -€39,687 | -7.0% |
| Plant, machinery and equipment | 23 | €446 | - | -€446 | |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €2,028,739 | €2,041,097 | +€12,358 | +0.6% |
| Amounts receivable after more than one year | 29 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €800,000 | €800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €374,363 | €420,609 | +€46,246 | +12.4% |
| Trade receivables | 40 | €80,292 | €83,324 | +€3,032 | +3.8% |
| Other amounts receivable | 41 | €294,071 | €337,285 | +€43,214 | +14.7% |
| Current investments | 50/53 | €801,424 | €760,024 | -€41,400 | -5.2% |
| Cash at bank and in hand | 54/58 | €375 | €2,921 | +€2,546 | +678% |
| Deferred charges and accrued income | 490/1 | €52,577 | €57,543 | +€4,966 | +9.4% |
| Total equity and liabilities | 10/49 | €2,593,541 | €2,565,765 | -€27,776 | -1.1% |
| Equity | 10/15 | €2,235,111 | €2,174,256 | -€60,855 | -2.7% |
| Contributions | 10/11 | €316,875 | €316,875 | = | 0.0% |
| Capital | 10 | €316,875 | €316,875 | = | 0.0% |
| Issued capital | 100 | €316,875 | €316,875 | = | 0.0% |
| Reserves | 13 | €1,381,615 | €1,381,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €313,424 | €313,424 | = | 0.0% |
| Legal reserve | 130 | €120,000 | €120,000 | = | 0.0% |
| Own shares acquired | 1312 | €193,424 | €193,424 | = | 0.0% |
| Tax-exempt reserves | 132 | €674,292 | €674,292 | = | 0.0% |
| Distributable reserves | 133 | €393,898 | €393,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536,622 | €475,767 | -€60,855 | -11.3% |
| Provisions and deferred taxes | 16 | €224,764 | €224,764 | = | 0.0% |
| Deferred taxes | 168 | €224,764 | €224,764 | = | 0.0% |
| Amounts payable | 17/49 | €133,666 | €166,745 | +€33,079 | +24.7% |
| Amounts payable within one year | 42/48 | €133,666 | €166,745 | +€33,079 | +24.7% |
| Trade debts | 44 | €81,536 | €67,289 | -€14,247 | -17.5% |
| Suppliers | 440/4 | €81,536 | €67,289 | -€14,247 | -17.5% |
| Taxes, remuneration and social security | 45 | €13,630 | €21,851 | +€8,221 | +60.3% |
| Taxes | 450/3 | €13,630 | €13,824 | +€194 | +1.4% |
| Remuneration and social security | 454/9 | - | €8,028 | +€8,028 | |
| Other amounts payable | 47/48 | €38,500 | €77,604 | +€39,104 | +102% |
| Remuneration, social security and pensions | 62 | - | €31,293 | +€31,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,069 | €24,940 | -€1,130 | -4.3% |
| Other operating charges | 640/8 | €8,370 | €9,285 | +€915 | +10.9% |
| Non-recurring operating charges | 66A | €350 | €1,183 | +€833 | +238% |
| Gross operating margin | 9900 | €47,309 | €10,675 | -€36,633 | -77.4% |
| Operating profit (loss) | 9901 | €12,519 | -€56,025 | -€68,544 | |
| Financial income | 75/76B | €32,436 | €19,553 | -€12,883 | -39.7% |
| Recurring financial income | 75 | €32,436 | €19,553 | -€12,883 | -39.7% |
| Financial charges | 65/66B | €911 | €115 | -€796 | -87.3% |
| Recurring financial charges | 65 | €911 | €115 | -€796 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €44,043 | -€36,588 | -€80,631 | |
| Income taxes | 67/77 | -€1,127 | - | +€1,127 | |
| Profit (loss) for the period | 9904 | €45,170 | -€36,588 | -€81,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,170 | -€36,588 | -€81,758 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.