VERO: 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.
VERO
Largest movements
- Cash +€84,383
up €84,383 (+265%), from €31,893 to €116,276
mainly Stocks and contracts (+€71,591) and Trade debts (+€34,687)
- Stocks and contracts -€71,591
down €71,591 (-82.7%), from €86,591 to €15,000
- Receivables within one year +€34,981
up €34,981 (+176%), from €19,910 to €54,892
of which Trade receivables: +€34,981
- Trade debts +€34,687
up €34,687 (+382%), from €9,091 to €43,777
- Other debts +€33,330
up €33,330 (+186%), from €17,916 to €51,246
- Tax, wage and social debts -€22,490
down €22,490 (-59.4%), from €37,865 to €15,375
- Gross operating margin -€35,577
down €35,577 (-79.8%), from €44,560 to €8,982
- Taxes -€10,892
down €10,892 (-88.8%), from €12,262 to €1,370
- Other operating charges -€5,982
down €5,982 (-95.5%), from €6,267 to €285
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 | €150,190 | €196,643 | +€46,453 | +30.9% |
| Fixed assets | 21/28 | €4,463 | €3,046 | -€1,417 | -31.7% |
| Tangible fixed assets | 22/27 | €4,163 | €2,746 | -€1,417 | -34.0% |
| Plant, machinery and equipment | 23 | €2,630 | €2,109 | -€521 | -19.8% |
| Furniture and vehicles | 24 | €1,533 | €637 | -€896 | -58.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €145,727 | €193,597 | +€47,870 | +32.8% |
| Stocks and contracts in progress | 3 | €86,591 | €15,000 | -€71,591 | -82.7% |
| Stocks | 30/36 | €86,591 | €15,000 | -€71,591 | -82.7% |
| Amounts receivable within one year | 40/41 | €19,910 | €54,892 | +€34,981 | +176% |
| Trade receivables | 40 | - | €34,981 | +€34,981 | |
| Other amounts receivable | 41 | €19,910 | €19,910 | = | 0.0% |
| Current investments | 50/53 | €7,333 | €7,333 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,893 | €116,276 | +€84,383 | +265% |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €150,190 | €196,643 | +€46,453 | +30.9% |
| Equity | 10/15 | €80,518 | €81,445 | +€927 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,318 | €75,245 | +€927 | +1.2% |
| Distributable reserves | 133 | €74,318 | €75,245 | +€927 | +1.2% |
| Amounts payable | 17/49 | €69,672 | €115,198 | +€45,526 | +65.3% |
| Amounts payable within one year | 42/48 | €64,872 | €110,398 | +€45,526 | +70.2% |
| Trade debts | 44 | €9,091 | €43,777 | +€34,687 | +382% |
| Suppliers | 440/4 | €9,091 | €43,777 | +€34,687 | +382% |
| Taxes, remuneration and social security | 45 | €37,865 | €15,375 | -€22,490 | -59.4% |
| Taxes | 450/3 | €37,865 | €15,375 | -€22,490 | -59.4% |
| Other amounts payable | 47/48 | €17,916 | €51,246 | +€33,330 | +186% |
| Accrued charges and deferred income | 492/3 | €4,800 | €4,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €1,417 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,267 | €285 | -€5,982 | -95.5% |
| Gross operating margin | 9900 | €44,560 | €8,982 | -€35,577 | -79.8% |
| Operating profit (loss) | 9901 | €36,876 | €7,280 | -€29,596 | -80.3% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €3,190 | €3,184 | -€7 | -0.2% |
| Recurring financial charges | 65 | €3,190 | €3,184 | -€7 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €33,728 | €4,097 | -€29,631 | -87.9% |
| Income taxes | 67/77 | €12,262 | €1,370 | -€10,892 | -88.8% |
| Profit (loss) for the period | 9904 | €21,466 | €2,727 | -€18,739 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,466 | €2,727 | -€18,739 | -87.3% |
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 13 October 2026 via checked.be.