VERIDICAL: 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.
VERIDICAL
Largest movements
- Cash +€49,970
up €49,970 (+34.8%), from €143,502 to €193,472
mainly Net result for the year (+€130,171) and Depreciation (+€4,859)
- Current investments +€48,655
up €48,655 (+240.2%), from €20,253 to €68,908
- Receivables within one year +€25,395
up €25,395 (+120.0%), from €21,166 to €46,561
of which Trade receivables: +€24,688
- Reserves +€130,171
up €130,171 (+69.9%), from €186,244 to €316,415
- Tax, wage and social debts -€7,485
down €7,485 (-89.5%), from €8,361 to €876
- Gross operating margin +€10,462
up €10,462 (+6.7%), from €156,504 to €166,966
- Financial income +€5,753
up €5,753 (+3640.0%), from €158 to €5,911
- Taxes +€2,278
up €2,278 (+6.9%), from €33,054 to €35,333
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 | €204,105 | €326,336 | +€122,231 | +59.9% |
| Fixed assets | 21/28 | €17,925 | €16,238 | -€1,687 | -9.4% |
| Tangible fixed assets | 22/27 | €14,295 | €12,608 | -€1,687 | -11.8% |
| Plant, machinery and equipment | 23 | €14,295 | €12,608 | -€1,687 | -11.8% |
| Financial fixed assets | 28 | €3,630 | €3,630 | = | 0.0% |
| Current assets | 29/58 | €186,180 | €310,099 | +€123,919 | +66.6% |
| Amounts receivable within one year | 40/41 | €21,166 | €46,561 | +€25,395 | +120.0% |
| Trade receivables | 40 | €20,065 | €44,752 | +€24,688 | +123.0% |
| Other amounts receivable | 41 | €1,101 | €1,809 | +€707 | +64.2% |
| Current investments | 50/53 | €20,253 | €68,908 | +€48,655 | +240.2% |
| Cash at bank and in hand | 54/58 | €143,502 | €193,472 | +€49,970 | +34.8% |
| Deferred charges and accrued income | 490/1 | €1,259 | €1,157 | -€102 | -8.1% |
| Total equity and liabilities | 10/49 | €204,105 | €326,336 | +€122,231 | +59.9% |
| Equity | 10/15 | €193,744 | €323,915 | +€130,171 | +67.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €186,244 | €316,415 | +€130,171 | +69.9% |
| Distributable reserves | 133 | €186,244 | €316,415 | +€130,171 | +69.9% |
| Amounts payable | 17/49 | €10,361 | €2,421 | -€7,940 | -76.6% |
| Amounts payable within one year | 42/48 | €10,320 | €2,412 | -€7,908 | -76.6% |
| Trade debts | 44 | €1,689 | €1,535 | -€154 | -9.1% |
| Suppliers | 440/4 | €1,689 | €1,535 | -€154 | -9.1% |
| Taxes, remuneration and social security | 45 | €8,361 | €876 | -€7,485 | -89.5% |
| Taxes | 450/3 | €8,361 | €876 | -€7,485 | -89.5% |
| Other amounts payable | 47/48 | €270 | €0 | -€270 | -100.0% |
| Accrued charges and deferred income | 492/3 | €41 | €9 | -€32 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,461 | €4,859 | +€399 | +8.9% |
| Other operating charges | 640/8 | €732 | €928 | +€195 | +26.7% |
| Gross operating margin | 9900 | €156,504 | €166,966 | +€10,462 | +6.7% |
| Operating profit (loss) | 9901 | €151,311 | €161,179 | +€9,868 | +6.5% |
| Financial income | 75/76B | €158 | €5,911 | +€5,753 | +3640.0% |
| Recurring financial income | 75 | €158 | €5,911 | +€5,753 | +3640.0% |
| Financial charges | 65/66B | €744 | €1,587 | +€842 | +113.2% |
| Recurring financial charges | 65 | €744 | €1,587 | +€842 | +113.2% |
| Profit (loss) for the period before taxes | 9903 | €150,725 | €165,504 | +€14,779 | +9.8% |
| Income taxes | 67/77 | €33,054 | €35,333 | +€2,278 | +6.9% |
| Profit (loss) for the period | 9904 | €117,671 | €130,171 | +€12,500 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,671 | €130,171 | +€12,500 | +10.6% |
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.