VERITAGE: 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.
VERITAGE
Largest movements
- Cash -€126,116
down €126,116 (-85.5%), from €147,464 to €21,348
mainly Receivables within one year (-€87,061) and Other debts (-€40,423)
- Receivables within one year +€87,061
up €87,061 (+48.5%), from €179,622 to €266,683
of which Trade receivables: +€57,678
- Tangible fixed assets -€47,597
down €47,597 (-9.8%), from €486,819 to €439,222
of which Furniture and vehicles: -€24,208
- Other debts -€40,423
down €40,423 (-17.0%), from €237,173 to €196,750
- Profit (loss) carried forward -€32,606
down €32,606, from €62 to -€32,544
- Tax, wage and social debts -€12,575
down €12,575 (-68.2%), from €18,447 to €5,872
- Gross operating margin -€83,254
down €83,254 (-71.5%), from €116,478 to €33,224
- Taxes -€14,907
down €14,907 (-98.1%), from €15,192 to €285
- Financial charges -€3,297
down €3,297 (-50.2%), from €6,572 to €3,275
- Other operating charges +€1,554
up €1,554 (+71.7%), from €2,167 to €3,721
- Depreciation -€1,305
down €1,305 (-2.2%), from €59,895 to €58,590
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 | €820,173 | €735,341 | -€84,832 | -10.3% |
| Fixed assets | 21/28 | €486,819 | €439,222 | -€47,597 | -9.8% |
| Tangible fixed assets | 22/27 | €486,819 | €439,222 | -€47,597 | -9.8% |
| Land and buildings | 22 | €434,074 | €411,179 | -€22,896 | -5.3% |
| Plant, machinery and equipment | 23 | €4,624 | €4,132 | -€493 | -10.7% |
| Furniture and vehicles | 24 | €48,120 | €23,912 | -€24,208 | -50.3% |
| Current assets | 29/58 | €333,354 | €296,119 | -€37,235 | -11.2% |
| Amounts receivable within one year | 40/41 | €179,622 | €266,683 | +€87,061 | +48.5% |
| Trade receivables | 40 | €69,005 | €126,683 | +€57,678 | +83.6% |
| Other amounts receivable | 41 | €110,617 | €140,000 | +€29,383 | +26.6% |
| Cash at bank and in hand | 54/58 | €147,464 | €21,348 | -€126,116 | -85.5% |
| Deferred charges and accrued income | 490/1 | €6,268 | €8,087 | +€1,820 | +29.0% |
| Total equity and liabilities | 10/49 | €820,173 | €735,341 | -€84,832 | -10.3% |
| Equity | 10/15 | €562,220 | €529,614 | -€32,606 | -5.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €562,158 | €562,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €562,158 | €562,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | -€32,544 | -€32,606 | |
| Amounts payable | 17/49 | €257,953 | €205,727 | -€52,226 | -20.2% |
| Amounts payable within one year | 42/48 | €256,489 | €205,727 | -€50,762 | -19.8% |
| Trade debts | 44 | €870 | €3,105 | +€2,235 | +257% |
| Suppliers | 440/4 | €870 | €3,105 | +€2,235 | +257% |
| Taxes, remuneration and social security | 45 | €18,447 | €5,872 | -€12,575 | -68.2% |
| Taxes | 450/3 | €18,447 | €5,872 | -€12,575 | -68.2% |
| Other amounts payable | 47/48 | €237,173 | €196,750 | -€40,423 | -17.0% |
| Accrued charges and deferred income | 492/3 | €1,464 | €0 | -€1,464 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,895 | €58,590 | -€1,305 | -2.2% |
| Other operating charges | 640/8 | €2,167 | €3,721 | +€1,554 | +71.7% |
| Gross operating margin | 9900 | €116,478 | €33,224 | -€83,254 | -71.5% |
| Operating profit (loss) | 9901 | €54,416 | -€29,087 | -€83,503 | |
| Financial income | 75/76B | €9 | €40 | +€31 | +329% |
| Recurring financial income | 75 | €9 | €40 | +€31 | +329% |
| Financial charges | 65/66B | €6,572 | €3,275 | -€3,297 | -50.2% |
| Recurring financial charges | 65 | €6,572 | €3,275 | -€3,297 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €47,854 | -€32,321 | -€80,175 | |
| Income taxes | 67/77 | €15,192 | €285 | -€14,907 | -98.1% |
| Profit (loss) for the period | 9904 | €32,662 | -€32,606 | -€65,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,662 | -€32,606 | -€65,268 |
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 17 October 2026 via checked.be.