VERICAM: 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.
VERICAM
Largest movements
- Cash +€12,804
up €12,804 (+46.6%), from €27,477 to €40,281
mainly Depreciation (+€22,197) and Trade debts (+€18,275)
- Receivables within one year +€10,611
up €10,611 (+122%), from €8,676 to €19,288
of which Trade receivables: +€7,339
- Deferred charges and accrued income -€7,081
no longer reported in 2025 (was €7,081)
- Tangible fixed assets +€4,737
up €4,737 (+9.7%), from €48,696 to €53,433
of which Furniture and vehicles: +€8,006
- Trade debts +€18,275
up €18,275 (+11.9%), from €153,101 to €171,376
- Gross operating margin +€83,050
up €83,050 (+49.1%), from €169,159 to €252,208
- Staff costs +€68,048
up €68,048 (+47.4%), from €143,579 to €211,627
- Other operating charges -€19,515
down €19,515 (-99.2%), from €19,678 to €162
- Depreciation +€7,565
up €7,565 (+51.7%), from €14,632 to €22,197
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 | €177,175 | €199,262 | +€22,087 | +12.5% |
| Fixed assets | 21/28 | €48,696 | €53,433 | +€4,737 | +9.7% |
| Tangible fixed assets | 22/27 | €48,696 | €53,433 | +€4,737 | +9.7% |
| Plant, machinery and equipment | 23 | €45,524 | €44,572 | -€951 | -2.1% |
| Furniture and vehicles | 24 | €396 | €8,402 | +€8,006 | +2,022% |
| Other tangible fixed assets | 26 | €2,776 | €458 | -€2,318 | -83.5% |
| Current assets | 29/58 | €128,478 | €145,829 | +€17,350 | +13.5% |
| Stocks and contracts in progress | 3 | €85,244 | €86,260 | +€1,017 | +1.2% |
| Stocks | 30/36 | €85,244 | €86,260 | +€1,017 | +1.2% |
| Amounts receivable within one year | 40/41 | €8,676 | €19,288 | +€10,611 | +122% |
| Trade receivables | 40 | €2,904 | €10,243 | +€7,339 | +253% |
| Other amounts receivable | 41 | €5,772 | €9,045 | +€3,273 | +56.7% |
| Cash at bank and in hand | 54/58 | €27,477 | €40,281 | +€12,804 | +46.6% |
| Deferred charges and accrued income | 490/1 | €7,081 | - | -€7,081 | |
| Total equity and liabilities | 10/49 | €177,175 | €199,262 | +€22,087 | +12.5% |
| Equity | 10/15 | €5,085 | €6,942 | +€1,857 | +36.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,647 | €6,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €147 | €147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,562 | -€64,705 | +€1,857 | +2.8% |
| Amounts payable | 17/49 | €172,089 | €192,320 | +€20,231 | +11.8% |
| Amounts payable within one year | 42/48 | €164,089 | €184,320 | +€20,231 | +12.3% |
| Trade debts | 44 | €153,101 | €171,376 | +€18,275 | +11.9% |
| Suppliers | 440/4 | €153,101 | €171,376 | +€18,275 | +11.9% |
| Taxes, remuneration and social security | 45 | €10,989 | €12,633 | +€1,644 | +15.0% |
| Taxes | 450/3 | €170 | - | -€170 | |
| Remuneration and social security | 454/9 | €10,819 | €12,633 | +€1,814 | +16.8% |
| Other amounts payable | 47/48 | - | €312 | +€312 | |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €143,579 | €211,627 | +€68,048 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,632 | €22,197 | +€7,565 | +51.7% |
| Other operating charges | 640/8 | €19,678 | €162 | -€19,515 | -99.2% |
| Gross operating margin | 9900 | €169,159 | €252,208 | +€83,050 | +49.1% |
| Operating profit (loss) | 9901 | -€8,730 | €18,221 | +€26,951 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €16,723 | €16,244 | -€479 | -2.9% |
| Recurring financial charges | 65 | €16,723 | €16,244 | -€479 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,453 | €2,016 | +€27,469 | |
| Income taxes | 67/77 | €170 | €159 | -€11 | -6.3% |
| Profit (loss) for the period | 9904 | -€25,623 | €1,857 | +€27,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,623 | €1,857 | +€27,479 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.