VERIDEL: 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.
VERIDEL
Largest movements
- Tangible fixed assets +€249,072
new in 2025: €249,072
- Cash -€186,226
down €186,226 (-99.4%), from €187,411 to €1,185
mainly Investment in fixed assets (net) (-€252,000) and Receivables within one year (-€7,036)
- Receivables within one year +€7,036
up €7,036 (+11.2%), from €62,727 to €69,763
of which Trade receivables: +€10,890
- Other debts +€74,150
up €74,150 (+50.2%), from €147,566 to €221,717
- Profit (loss) carried forward -€4,207
down €4,207 (-11.4%), from -€37,058 to -€41,264
- Gross operating margin -€133,199
down €133,199, from €132,640 to -€559
- Other operating charges -€4,127
down €4,127 (-83.6%), from €4,934 to €807
- Depreciation +€2,928
new in 2025: €2,928
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 | €278,584 | €348,481 | +€69,897 | +25.1% |
| Fixed assets | 21/28 | €28,200 | €277,272 | +€249,072 | +883.2% |
| Tangible fixed assets | 22/27 | - | €249,072 | +€249,072 | |
| Land and buildings | 22 | - | €249,072 | +€249,072 | |
| Financial fixed assets | 28 | €28,200 | €28,200 | = | 0.0% |
| Current assets | 29/58 | €250,384 | €71,209 | -€179,175 | -71.6% |
| Amounts receivable within one year | 40/41 | €62,727 | €69,763 | +€7,036 | +11.2% |
| Trade receivables | 40 | €49,378 | €60,268 | +€10,890 | +22.1% |
| Other amounts receivable | 41 | €13,349 | €9,495 | -€3,854 | -28.9% |
| Cash at bank and in hand | 54/58 | €187,411 | €1,185 | -€186,226 | -99.4% |
| Deferred charges and accrued income | 490/1 | €246 | €261 | +€15 | +6.0% |
| Total equity and liabilities | 10/49 | €278,584 | €348,481 | +€69,897 | +25.1% |
| Equity | 10/15 | €94,015 | €89,298 | -€4,717 | -5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €112,481 | €111,970 | -€511 | -0.5% |
| Tax-exempt reserves | 132 | €106,520 | €106,009 | -€511 | -0.5% |
| Distributable reserves | 133 | €5,961 | €5,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,058 | -€41,264 | -€4,207 | -11.4% |
| Provisions and deferred taxes | 16 | €35,507 | €35,336 | -€170 | -0.5% |
| Deferred taxes | 168 | €35,507 | €35,336 | -€170 | -0.5% |
| Amounts payable | 17/49 | €149,062 | €223,847 | +€74,785 | +50.2% |
| Amounts payable within one year | 42/48 | €149,062 | €223,847 | +€74,785 | +50.2% |
| Trade debts | 44 | €64 | €397 | +€333 | +521.8% |
| Suppliers | 440/4 | €64 | €397 | +€333 | +521.8% |
| Taxes, remuneration and social security | 45 | €1,432 | €1,733 | +€301 | +21.0% |
| Taxes | 450/3 | €1,432 | €1,733 | +€301 | +21.0% |
| Other amounts payable | 47/48 | €147,566 | €221,717 | +€74,150 | +50.2% |
| Non-recurring operating income | 76A | €141,799 | - | -€141,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,928 | +€2,928 | |
| Other operating charges | 640/8 | €4,934 | €807 | -€4,127 | -83.6% |
| Gross operating margin | 9900 | €132,640 | -€559 | -€133,199 | |
| Operating profit (loss) | 9901 | €127,706 | -€4,294 | -€132,000 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.8% |
| Financial charges | 65/66B | €1,548 | €234 | -€1,315 | -84.9% |
| Recurring financial charges | 65 | €1,548 | €234 | -€1,315 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €126,158 | -€4,528 | -€130,686 | |
| Transfer from deferred taxes | 780 | - | €170 | +€170 | |
| Transfer to deferred taxes | 680 | €35,507 | - | -€35,507 | |
| Income taxes | 67/77 | €339 | €360 | +€21 | +6.2% |
| Profit (loss) for the period | 9904 | €90,312 | -€4,717 | -€95,030 | |
| Transfer from tax-exempt reserves | 789 | - | €511 | +€511 | |
| Transfer to tax-exempt reserves | 689 | €106,520 | - | -€106,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,207 | -€4,207 | +€12,001 | +74.0% |
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.