VERITEX: 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.
VERITEX
Largest movements
- Cash +€37,172
up €37,172 (+1,608%), from €2,312 to €39,483
mainly Net result for the year (+€36,177) and Tax, wage and social debts (+€16,855)
- Receivables within one year +€12,539
up €12,539 (+449%), from €2,795 to €15,334
of which Trade receivables: +€12,539
- Profit (loss) carried forward +€36,177
up €36,177 (+25.0%), from €144,473 to €180,651
- Tax, wage and social debts +€16,855
new in 2025: €16,855
- Gross operating margin +€31,261
up €31,261, from -€1,665 to €29,596
- Depreciation -€21,636
down €21,636 (-97.4%), from €22,203 to €567
- Other operating charges +€551
up €551 (+109%), from €505 to €1,056
- Financial income +€406
up €406 (+4.8%), from €8,392 to €8,798
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 | €244,146 | €293,639 | +€49,493 | +20.3% |
| Fixed assets | 21/28 | €567 | €0 | -€567 | -100% |
| Tangible fixed assets | 22/27 | €567 | €0 | -€567 | -100% |
| Furniture and vehicles | 24 | €567 | €0 | -€567 | -100% |
| Current assets | 29/58 | €243,579 | €293,639 | +€50,060 | +20.6% |
| Amounts receivable after more than one year | 29 | €238,472 | €238,822 | +€350 | +0.1% |
| Other amounts receivable | 291 | €238,472 | €238,822 | +€350 | +0.1% |
| Amounts receivable within one year | 40/41 | €2,795 | €15,334 | +€12,539 | +449% |
| Trade receivables | 40 | €2,795 | €15,334 | +€12,539 | +449% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,312 | €39,483 | +€37,172 | +1,608% |
| Total equity and liabilities | 10/49 | €244,146 | €293,639 | +€49,493 | +20.3% |
| Equity | 10/15 | €240,331 | €276,509 | +€36,177 | +15.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €33,885 | €33,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €27,685 | €27,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,473 | €180,651 | +€36,177 | +25.0% |
| Amounts payable | 17/49 | €3,815 | €17,131 | +€13,316 | +349% |
| Amounts payable within one year | 42/48 | €3,815 | €17,131 | +€13,316 | +349% |
| Trade debts | 44 | €1,020 | €275 | -€744 | -73.0% |
| Suppliers | 440/4 | €1,020 | €275 | -€744 | -73.0% |
| Advances received on contracts in progress | 46 | €2,795 | €0 | -€2,795 | -100% |
| Taxes, remuneration and social security | 45 | - | €16,855 | +€16,855 | |
| Taxes | 450/3 | - | €16,855 | +€16,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,203 | €567 | -€21,636 | -97.4% |
| Other operating charges | 640/8 | €505 | €1,056 | +€551 | +109% |
| Gross operating margin | 9900 | -€1,665 | €29,596 | +€31,261 | |
| Operating profit (loss) | 9901 | -€24,373 | €27,973 | +€52,346 | |
| Financial income | 75/76B | €8,392 | €8,798 | +€406 | +4.8% |
| Recurring financial income | 75 | €8,392 | €8,798 | +€406 | +4.8% |
| Financial charges | 65/66B | €360 | €594 | +€234 | +64.9% |
| Recurring financial charges | 65 | €360 | €594 | +€234 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,342 | €36,177 | +€52,519 | |
| Profit (loss) for the period | 9904 | -€16,342 | €36,177 | +€52,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,342 | €36,177 | +€52,519 |
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 27 October 2026 via checked.be.