VERIDIS QUO PROJECTS: 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.
VERIDIS QUO PROJECTS
Largest movements
- Receivables within one year -€28,244
down €28,244 (-100.0%), from €28,247 to €3
of which Trade receivables: -€19,396
- Cash +€22,540
up €22,540 (+69.7%), from €32,347 to €54,887
mainly Net result for the year (+€60,695) and Other debts (+€29,336)
- Tangible fixed assets -€13,602
down €13,602 (-29.4%), from €46,296 to €32,693
of which Furniture and vehicles: -€31,506
- Deferred charges and accrued income -€9,775
down €9,775 (-91.1%), from €10,732 to €956
- Reserves -€60,133
down €60,133 (-100%), from €60,133 to €0
- Other debts +€29,336
up €29,336 (+3,343%), from €877 to €30,214
- Profit (loss) carried forward +€20,828
up €20,828, from €0 to €20,828
- Current portion of long-term debt -€8,095
down €8,095 (-57.8%), from €13,994 to €5,899
- Trade debts -€6,889
down €6,889 (-73.8%), from €9,340 to €2,452
- Other operating charges +€12,349
up €12,349 (+1,445%), from €855 to €13,204
- Depreciation -€10,733
down €10,733 (-75.0%), from €14,308 to €3,575
- Gross operating margin +€1,547
up €1,547 (+1.7%), from €93,587 to €95,135
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 | €117,621 | €88,539 | -€29,082 | -24.7% |
| Fixed assets | 21/28 | €46,296 | €32,693 | -€13,602 | -29.4% |
| Tangible fixed assets | 22/27 | €46,296 | €32,693 | -€13,602 | -29.4% |
| Furniture and vehicles | 24 | €32,568 | €1,062 | -€31,506 | -96.7% |
| Other tangible fixed assets | 26 | €13,727 | €31,631 | +€17,904 | +130% |
| Current assets | 29/58 | €71,325 | €55,846 | -€15,479 | -21.7% |
| Amounts receivable within one year | 40/41 | €28,247 | €3 | -€28,244 | -100.0% |
| Trade receivables | 40 | €19,396 | €0 | -€19,396 | -100% |
| Other amounts receivable | 41 | €8,850 | €3 | -€8,848 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,347 | €54,887 | +€22,540 | +69.7% |
| Deferred charges and accrued income | 490/1 | €10,732 | €956 | -€9,775 | -91.1% |
| Total equity and liabilities | 10/49 | €117,621 | €88,539 | -€29,082 | -24.7% |
| Equity | 10/15 | €78,683 | €39,378 | -€39,305 | -50.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €60,133 | €0 | -€60,133 | -100% |
| Distributable reserves | 133 | €60,133 | €0 | -€60,133 | -100% |
| Profit (loss) carried forward | 14 | €0 | €20,828 | +€20,828 | |
| Amounts payable | 17/49 | €38,938 | €49,161 | +€10,224 | +26.3% |
| Amounts payable after more than one year | 17 | €5,899 | €0 | -€5,899 | -100% |
| Financial debts | 170/4 | €5,899 | €0 | -€5,899 | -100% |
| Amounts payable within one year | 42/48 | €33,038 | €48,312 | +€15,274 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €13,994 | €5,899 | -€8,095 | -57.8% |
| Financial debts | 43 | - | €322 | +€322 | |
| Credit institutions | 430/8 | - | €322 | +€322 | |
| Trade debts | 44 | €9,340 | €2,452 | -€6,889 | -73.8% |
| Suppliers | 440/4 | €9,340 | €2,452 | -€6,889 | -73.8% |
| Taxes, remuneration and social security | 45 | €8,826 | €9,426 | +€600 | +6.8% |
| Taxes | 450/3 | €8,826 | €9,426 | +€600 | +6.8% |
| Other amounts payable | 47/48 | €877 | €30,214 | +€29,336 | +3,343% |
| Accrued charges and deferred income | 492/3 | - | €849 | +€849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,308 | €3,575 | -€10,733 | -75.0% |
| Other operating charges | 640/8 | €855 | €13,204 | +€12,349 | +1,445% |
| Gross operating margin | 9900 | €93,587 | €95,135 | +€1,547 | +1.7% |
| Operating profit (loss) | 9901 | €78,425 | €78,355 | -€69 | -0.1% |
| Financial income | 75/76B | €467 | €0 | -€467 | -100% |
| Recurring financial income | 75 | €467 | €0 | -€467 | -100% |
| Financial charges | 65/66B | €646 | €1,338 | +€691 | +107% |
| Recurring financial charges | 65 | €646 | €1,338 | +€691 | +107% |
| Profit (loss) for the period before taxes | 9903 | €78,245 | €77,017 | -€1,227 | -1.6% |
| Income taxes | 67/77 | €17,234 | €16,323 | -€911 | -5.3% |
| Profit (loss) for the period | 9904 | €61,011 | €60,695 | -€316 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,011 | €60,695 | -€316 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.