Verity.Works: 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.
Verity.Works
Largest movements
- Cash +€3,573
up €3,573 (+180%), from €1,984 to €5,557
mainly Other debts (+€4,004) and Depreciation (+€801)
- Tangible fixed assets -€801
down €801 (-30.3%), from €2,643 to €1,842
of which Plant, machinery and equipment: -€712
- Other debts +€4,004
up €4,004 (+29,356%), from €14 to €4,018
- Reserves -€1,060
down €1,060 (-5.7%), from €18,738 to €17,678
- Trade debts +€750
up €750 (+45.3%), from €1,654 to €2,404
- Tax, wage and social debts -€487
down €487 (-16.1%), from €3,028 to €2,542
of which Taxes: -€373
- Gross operating margin -€5,672
down €5,672 (-98.2%), from €5,777 to €104
- Taxes -€818
down €818 (-100%), from €818 to €0
- Write-downs -€748
down €748, from €374 to -€374
- Depreciation -€601
down €601 (-42.9%), from €1,401 to €801
- Financial charges +€373
up €373 (+283%), from €132 to €505
of which Non-recurring financial charges: +€374
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.
Derived cash bridge
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 | €27,634 | €30,841 | +€3,208 | +11.6% |
| Fixed assets | 21/28 | €2,643 | €1,842 | -€801 | -30.3% |
| Tangible fixed assets | 22/27 | €2,643 | €1,842 | -€801 | -30.3% |
| Plant, machinery and equipment | 23 | €2,369 | €1,657 | -€712 | -30.1% |
| Furniture and vehicles | 24 | €273 | €185 | -€88 | -32.3% |
| Current assets | 29/58 | €24,991 | €28,999 | +€4,008 | +16.0% |
| Stocks and contracts in progress | 3 | €2,916 | €2,969 | +€53 | +1.8% |
| Stocks | 30/36 | €2,916 | €2,969 | +€53 | +1.8% |
| Amounts receivable within one year | 40/41 | €20,046 | €20,191 | +€144 | +0.7% |
| Trade receivables | 40 | €19,857 | €20,008 | +€152 | +0.8% |
| Other amounts receivable | 41 | €190 | €182 | -€8 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,984 | €5,557 | +€3,573 | +180% |
| Deferred charges and accrued income | 490/1 | €45 | €283 | +€238 | +526% |
| Total equity and liabilities | 10/49 | €27,634 | €30,841 | +€3,208 | +11.6% |
| Equity | 10/15 | €22,938 | €21,878 | -€1,060 | -4.6% |
| Contributions | 10/11 | €4,200 | €4,200 | = | 0.0% |
| Reserves | 13 | €18,738 | €17,678 | -€1,060 | -5.7% |
| Distributable reserves | 133 | €18,738 | €17,678 | -€1,060 | -5.7% |
| Amounts payable | 17/49 | €4,696 | €8,964 | +€4,267 | +90.9% |
| Amounts payable within one year | 42/48 | €4,696 | €8,964 | +€4,267 | +90.9% |
| Trade debts | 44 | €1,654 | €2,404 | +€750 | +45.3% |
| Suppliers | 440/4 | €1,654 | €2,404 | +€750 | +45.3% |
| Taxes, remuneration and social security | 45 | €3,028 | €2,542 | -€487 | -16.1% |
| Taxes | 450/3 | €2,915 | €2,542 | -€373 | -12.8% |
| Remuneration and social security | 454/9 | €113 | €0 | -€113 | -100% |
| Other amounts payable | 47/48 | €14 | €4,018 | +€4,004 | +29,356% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €801 | -€601 | -42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €374 | -€374 | -€748 | |
| Other operating charges | 640/8 | €141 | €242 | +€101 | +71.5% |
| Gross operating margin | 9900 | €5,777 | €104 | -€5,672 | -98.2% |
| Operating profit (loss) | 9901 | €3,860 | -€564 | -€4,425 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +45,400% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +45,400% |
| Financial charges | 65/66B | €132 | €505 | +€373 | +283% |
| Recurring financial charges | 65 | €132 | €131 | -€1 | -0.7% |
| Non-recurring financial charges | 66B | - | €374 | +€374 | |
| Profit (loss) for the period before taxes | 9903 | €3,729 | -€1,060 | -€4,789 | |
| Income taxes | 67/77 | €818 | €0 | -€818 | -100% |
| Profit (loss) for the period | 9904 | €2,911 | -€1,060 | -€3,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,911 | -€1,060 | -€3,971 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.