VERIT: 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.
VERIT
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Cash -€36,163
down €36,163 (-44.0%), from €82,238 to €46,075
mainly Current investments (-€200,000) and Debts after one year (-€40,348)
- Tangible fixed assets -€21,529
down €21,529 (-4.8%), from €448,147 to €426,618
of which Land and buildings: -€19,744
- Receivables within one year +€21,234
up €21,234 (+63.2%), from €33,585 to €54,819
of which Trade receivables: +€21,496
- Other debts +€193,765
up €193,765 (+53.4%), from €362,678 to €556,443
- Debts after one year -€40,348
down €40,348 (-66.3%), from €60,818 to €20,470
- Accrued charges and deferred income +€14,823
up €14,823 (+161.6%), from €9,173 to €23,996
- Taxes +€71,716
up €71,716 (+310.8%), from €23,077 to €94,792
- Gross operating margin -€48,980
down €48,980 (-23.0%), from €213,399 to €164,419
- Financial charges +€21,057
up €21,057 (+502.3%), from €4,192 to €25,248
- Financial income +€17,993
new in 2024: €17,993
- Provisions +€3,193
up €3,193 (+92.5%), from -€3,451 to -€258
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,970 | €1,037,303 | +€173,333 | +20.1% |
| Fixed assets | 21/28 | €448,147 | €426,618 | -€21,529 | -4.8% |
| Tangible fixed assets | 22/27 | €448,147 | €426,618 | -€21,529 | -4.8% |
| Land and buildings | 22 | €440,677 | €420,933 | -€19,744 | -4.5% |
| Plant, machinery and equipment | 23 | €3,733 | €2,457 | -€1,276 | -34.2% |
| Furniture and vehicles | 24 | €1,977 | €1,529 | -€448 | -22.6% |
| Other tangible fixed assets | 26 | €1,759 | €1,699 | -€61 | -3.4% |
| Current assets | 29/58 | €415,823 | €610,685 | +€194,862 | +46.9% |
| Amounts receivable within one year | 40/41 | €33,585 | €54,819 | +€21,234 | +63.2% |
| Trade receivables | 40 | - | €21,496 | +€21,496 | |
| Other amounts receivable | 41 | €33,585 | €33,323 | -€262 | -0.8% |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €82,238 | €46,075 | -€36,163 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €9,791 | +€9,791 | |
| Total equity and liabilities | 10/49 | €863,970 | €1,037,303 | +€173,333 | +20.1% |
| Equity | 10/15 | €366,146 | €366,514 | +€368 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,546 | €347,914 | +€368 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €345,686 | €346,054 | +€368 | +0.1% |
| Amounts payable | 17/49 | €497,824 | €670,789 | +€172,965 | +34.7% |
| Amounts payable after more than one year | 17 | €60,818 | €20,470 | -€40,348 | -66.3% |
| Financial debts | 170/4 | €60,818 | €20,470 | -€40,348 | -66.3% |
| Amounts payable within one year | 42/48 | €427,834 | €626,324 | +€198,490 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €40,153 | €40,466 | +€312 | +0.8% |
| Trade debts | 44 | €10,403 | €14,037 | +€3,634 | +34.9% |
| Suppliers | 440/4 | €10,403 | €14,037 | +€3,634 | +34.9% |
| Taxes, remuneration and social security | 45 | €14,599 | €15,378 | +€779 | +5.3% |
| Taxes | 450/3 | €14,599 | €15,378 | +€779 | +5.3% |
| Other amounts payable | 47/48 | €362,678 | €556,443 | +€193,765 | +53.4% |
| Accrued charges and deferred income | 492/3 | €9,173 | €23,996 | +€14,823 | +161.6% |
| Non-recurring operating income | 76A | €38,900 | - | -€38,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,855 | €36,202 | +€347 | +1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,451 | -€258 | +€3,193 | +92.5% |
| Other operating charges | 640/8 | €3,684 | €4,059 | +€376 | +10.2% |
| Gross operating margin | 9900 | €213,399 | €164,419 | -€48,980 | -23.0% |
| Operating profit (loss) | 9901 | €177,312 | €124,416 | -€52,897 | -29.8% |
| Financial income | 75/76B | - | €17,993 | +€17,993 | |
| Recurring financial income | 75 | - | €17,993 | +€17,993 | |
| Financial charges | 65/66B | €4,192 | €25,248 | +€21,057 | +502.3% |
| Recurring financial charges | 65 | €4,192 | €25,248 | +€21,057 | +502.3% |
| Profit (loss) for the period before taxes | 9903 | €173,121 | €117,161 | -€55,960 | -32.3% |
| Income taxes | 67/77 | €23,077 | €94,792 | +€71,716 | +310.8% |
| Profit (loss) for the period | 9904 | €150,044 | €22,368 | -€127,676 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,044 | €22,368 | -€127,676 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.