VERITOV: 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.
VERITOV
Largest movements
- Receivables within one year +€18,022
up €18,022 (+44.4%), from €40,569 to €58,591
of which Other amounts receivable: +€10,013
- Tangible fixed assets -€1,191
down €1,191 (-64.0%), from €1,862 to €671
- Profit (loss) carried forward +€14,192
up €14,192 (+59.7%), from €23,787 to €37,980
- Short-term financial debts -€4,043
down €4,043 (-80.8%), from €5,001 to €959
- Trade debts +€2,952
up €2,952 (+124.0%), from €2,379 to €5,331
- Current portion of long-term debt +€2,000
new in 2025: €2,000
- Tax, wage and social debts +€1,629
up €1,629 (+15.2%), from €10,681 to €12,310
- Gross operating margin +€3,639
up €3,639 (+17.0%), from €21,459 to €25,098
- Taxes +€2,431
up €2,431 (+56.1%), from €4,338 to €6,769
- Financial charges -€971
down €971 (-25.6%), from €3,789 to €2,818
- Financial income +€282
up €282 (+25.9%), from €1,087 to €1,369
- Depreciation -€276
down €276 (-18.8%), from €1,467 to €1,191
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 | €42,532 | €59,262 | +€16,730 | +39.3% |
| Fixed assets | 21/28 | €1,862 | €671 | -€1,191 | -64.0% |
| Tangible fixed assets | 22/27 | €1,862 | €671 | -€1,191 | -64.0% |
| Furniture and vehicles | 24 | €1,862 | €671 | -€1,191 | -64.0% |
| Current assets | 29/58 | €40,670 | €58,591 | +€17,921 | +44.1% |
| Amounts receivable within one year | 40/41 | €40,569 | €58,591 | +€18,022 | +44.4% |
| Trade receivables | 40 | €19,327 | €27,336 | +€8,009 | +41.4% |
| Other amounts receivable | 41 | €21,242 | €31,256 | +€10,013 | +47.1% |
| Cash at bank and in hand | 54/58 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €42,532 | €59,262 | +€16,730 | +39.3% |
| Equity | 10/15 | €23,887 | €38,080 | +€14,192 | +59.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,787 | €37,980 | +€14,192 | +59.7% |
| Amounts payable | 17/49 | €18,645 | €21,183 | +€2,538 | +13.6% |
| Amounts payable within one year | 42/48 | €18,645 | €21,183 | +€2,538 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000 | +€2,000 | |
| Financial debts | 43 | €5,001 | €959 | -€4,043 | -80.8% |
| Credit institutions | 430/8 | €5,001 | €959 | -€4,043 | -80.8% |
| Trade debts | 44 | €2,379 | €5,331 | +€2,952 | +124.0% |
| Suppliers | 440/4 | €2,379 | €5,331 | +€2,952 | +124.0% |
| Taxes, remuneration and social security | 45 | €10,681 | €12,310 | +€1,629 | +15.2% |
| Taxes | 450/3 | €10,681 | €12,310 | +€1,629 | +15.2% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,191 | -€276 | -18.8% |
| Other operating charges | 640/8 | €839 | €664 | -€176 | -20.9% |
| Gross operating margin | 9900 | €21,459 | €25,098 | +€3,639 | +17.0% |
| Operating profit (loss) | 9901 | €19,153 | €23,244 | +€4,091 | +21.4% |
| Financial income | 75/76B | €1,087 | €1,369 | +€282 | +25.9% |
| Recurring financial income | 75 | €1,087 | €1,369 | +€282 | +25.9% |
| Financial charges | 65/66B | €3,789 | €2,818 | -€971 | -25.6% |
| Recurring financial charges | 65 | €3,789 | €2,818 | -€971 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €16,450 | €21,794 | +€5,344 | +32.5% |
| Income taxes | 67/77 | €4,338 | €6,769 | +€2,431 | +56.1% |
| Profit (loss) for the period | 9904 | €12,113 | €15,025 | +€2,913 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,113 | €15,025 | +€2,913 | +24.0% |
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 6 October 2026 via checked.be.