VERIXI: 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.
VERIXI
Largest movements
- Receivables within one year +€185,901
up €185,901 (+16.1%), from €1.2m to €1.3m
of which Trade receivables: +€255,454
- Cash +€111,800
up €111,800 (+85.8%), from €130,281 to €242,082
mainly Accrued charges and deferred income (+€455,427) and Net result for the year (+€354,028)
- Tangible fixed assets +€88,250
up €88,250 (+5.9%), from €1.5m to €1.6m
of which Furniture and vehicles: +€52,611
- Accrued charges and deferred income +€455,427
up €455,427 (+428.8%), from €106,212 to €561,639
- Trade debts -€314,783
down €314,783 (-21.9%), from €1.4m to €1.1m
- Tax, wage and social debts +€221,150
up €221,150 (+146.8%), from €150,636 to €371,785
of which Taxes: +€216,285
- Debts after one year -€84,720
down €84,720 (-6.6%), from €1.3m to €1.2m
- Reserves +€75,359
up €75,359 (+90.3%), from €83,454 to €158,813
of which Tax-exempt reserves: +€75,359
- Gross operating margin +€200,158
up €200,158 (+18.2%), from €1.1m to €1.3m
- Financial income -€94,234
down €94,234 (-62.0%), from €152,038 to €57,804
- Taxes +€91,398
up €91,398 (+87.1%), from €104,884 to €196,282
- Staff costs +€88,744
up €88,744 (+22.0%), from €404,024 to €492,768
- Depreciation +€23,900
up €23,900 (+10.3%), from €232,965 to €256,865
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 | €4,427,586 | €4,781,871 | +€354,284 | +8.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,016,528 | €3,101,901 | +€85,373 | +2.8% |
| Intangible fixed assets | 21 | €432,199 | €431,822 | -€377 | -0.1% |
| Tangible fixed assets | 22/27 | €1,503,013 | €1,591,263 | +€88,250 | +5.9% |
| Land and buildings | 22 | €596,731 | €583,061 | -€13,670 | -2.3% |
| Plant, machinery and equipment | 23 | €734,977 | €784,286 | +€49,309 | +6.7% |
| Furniture and vehicles | 24 | €171,305 | €223,916 | +€52,611 | +30.7% |
| Financial fixed assets | 28 | €1,081,316 | €1,078,816 | -€2,500 | -0.2% |
| Current assets | 29/58 | €1,411,059 | €1,679,970 | +€268,911 | +19.1% |
| Stocks and contracts in progress | 3 | €15,360 | €15,360 | = | 0.0% |
| Stocks | 30/36 | €15,360 | €15,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,154,095 | €1,339,997 | +€185,901 | +16.1% |
| Trade receivables | 40 | €753,675 | €1,009,129 | +€255,454 | +33.9% |
| Other amounts receivable | 41 | €400,420 | €330,867 | -€69,553 | -17.4% |
| Cash at bank and in hand | 54/58 | €130,281 | €242,082 | +€111,800 | +85.8% |
| Deferred charges and accrued income | 490/1 | €111,322 | €82,531 | -€28,791 | -25.9% |
| Total equity and liabilities | 10/49 | €4,427,586 | €4,781,871 | +€354,284 | +8.0% |
| Equity | 10/15 | €1,049,932 | €1,128,960 | +€79,028 | +7.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €83,454 | €158,813 | +€75,359 | +90.3% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | - | €12,000 | +€12,000 | |
| Reserves not available under the articles | 1311 | €12,000 | - | -€12,000 | |
| Tax-exempt reserves | 132 | - | €75,359 | +€75,359 | |
| Distributable reserves | 133 | €71,454 | €71,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €846,478 | €850,147 | +€3,669 | +0.4% |
| Amounts payable | 17/49 | €3,377,654 | €3,652,911 | +€275,257 | +8.1% |
| Amounts payable after more than one year | 17 | €1,286,207 | €1,201,486 | -€84,720 | -6.6% |
| Financial debts | 170/4 | €1,286,207 | €1,201,486 | -€84,720 | -6.6% |
| Amounts payable within one year | 42/48 | €1,985,235 | €1,889,785 | -€95,450 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €347,120 | €322,123 | -€24,997 | -7.2% |
| Trade debts | 44 | €1,435,416 | €1,120,634 | -€314,783 | -21.9% |
| Suppliers | 440/4 | €1,435,416 | €1,120,634 | -€314,783 | -21.9% |
| Taxes, remuneration and social security | 45 | €150,636 | €371,785 | +€221,150 | +146.8% |
| Taxes | 450/3 | €112,384 | €328,670 | +€216,285 | +192.5% |
| Remuneration and social security | 454/9 | €38,251 | €43,116 | +€4,864 | +12.7% |
| Other amounts payable | 47/48 | €52,063 | €75,244 | +€23,181 | +44.5% |
| Accrued charges and deferred income | 492/3 | €106,212 | €561,639 | +€455,427 | +428.8% |
| Non-recurring operating income | 76A | €3,225 | - | -€3,225 | |
| Remuneration, social security and pensions | 62 | €404,024 | €492,768 | +€88,744 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,965 | €256,865 | +€23,900 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €347 | - | -€347 | |
| Other operating charges | 640/8 | €27,956 | €22,165 | -€5,792 | -20.7% |
| Gross operating margin | 9900 | €1,097,131 | €1,297,288 | +€200,158 | +18.2% |
| Operating profit (loss) | 9901 | €431,838 | €525,491 | +€93,653 | +21.7% |
| Financial income | 75/76B | €152,038 | €57,804 | -€94,234 | -62.0% |
| Recurring financial income | 75 | €152,038 | €57,804 | -€94,234 | -62.0% |
| Financial charges | 65/66B | €39,516 | €32,986 | -€6,530 | -16.5% |
| Recurring financial charges | 65 | €39,516 | €32,986 | -€6,530 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €544,361 | €550,309 | +€5,949 | +1.1% |
| Income taxes | 67/77 | €104,884 | €196,282 | +€91,398 | +87.1% |
| Profit (loss) for the period | 9904 | €439,477 | €354,028 | -€85,449 | -19.4% |
| Transfer to tax-exempt reserves | 689 | - | €75,359 | +€75,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €439,477 | €278,669 | -€160,808 | -36.6% |
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 3 October 2026 via checked.be.