VERO ACRES: 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 ACRES
Largest movements
- Stocks and contracts -€328,418
down €328,418 (-33.0%), from €994,264 to €665,847
- Deferred charges and accrued income +€145,072
up €145,072 (+82.3%), from €176,253 to €321,324
- Receivables within one year +€99,238
up €99,238 (+49.4%), from €200,762 to €300,000
of which Other amounts receivable: +€100,000
- Debts after one year -€153,864
down €153,864 (-11.4%), from €1.3m to €1.2m
- Reserves +€49,803
up €49,803 (+38,610%), from €129 to €49,932
- Accrued charges and deferred income +€19,500
up €19,500 (+61.2%), from €31,875 to €51,375
- Gross operating margin +€68,803
up €68,803 (+210%), from €32,712 to €101,515
- Financial charges +€16,669
up €16,669 (+51.3%), from €32,490 to €49,160
of which Financial charges: +€16,359
- Taxes +€12,408
up €12,408 (+28,862%), from €43 to €12,451
- Financial income +€6,909
up €6,909 (+222%), from €3,116 to €10,025
- Other operating charges -€1,037
down €1,037 (-89.0%), from €1,165 to €128
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 | €1,381,302 | €1,308,808 | -€72,495 | -5.2% |
| Current assets | 29/58 | €1,381,302 | €1,308,808 | -€72,495 | -5.2% |
| Stocks and contracts in progress | 3 | €994,264 | €665,847 | -€328,418 | -33.0% |
| Stocks | 30/36 | €994,264 | €665,847 | -€328,418 | -33.0% |
| Amounts receivable within one year | 40/41 | €200,762 | €300,000 | +€99,238 | +49.4% |
| Trade receivables | 40 | €762 | - | -€762 | |
| Other amounts receivable | 41 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €10,023 | €21,636 | +€11,613 | +116% |
| Deferred charges and accrued income | 490/1 | €176,253 | €321,324 | +€145,072 | +82.3% |
| Total equity and liabilities | 10/49 | €1,381,302 | €1,308,808 | -€72,495 | -5.2% |
| Equity | 10/15 | €3,129 | €52,932 | +€49,803 | +1,592% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €129 | €49,932 | +€49,803 | +38,610% |
| Distributable reserves | 133 | €129 | €49,932 | +€49,803 | +38,610% |
| Amounts payable | 17/49 | €1,378,173 | €1,255,876 | -€122,297 | -8.9% |
| Amounts payable after more than one year | 17 | €1,345,000 | €1,191,136 | -€153,864 | -11.4% |
| Financial debts | 170/4 | €1,345,000 | €1,191,136 | -€153,864 | -11.4% |
| Amounts payable within one year | 42/48 | €1,298 | €13,366 | +€12,067 | +930% |
| Trade debts | 44 | €303 | - | -€303 | |
| Suppliers | 440/4 | €303 | - | -€303 | |
| Taxes, remuneration and social security | 45 | €43 | €12,413 | +€12,370 | +28,774% |
| Taxes | 450/3 | €43 | €12,413 | +€12,370 | +28,774% |
| Other amounts payable | 47/48 | €953 | €953 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,875 | €51,375 | +€19,500 | +61.2% |
| Other operating charges | 640/8 | €1,165 | €128 | -€1,037 | -89.0% |
| Gross operating margin | 9900 | €32,712 | €101,515 | +€68,803 | +210% |
| Operating profit (loss) | 9901 | €31,547 | €101,387 | +€69,841 | +221% |
| Financial income | 75/76B | €3,116 | €10,025 | +€6,909 | +222% |
| Recurring financial income | 75 | €3,116 | €10,025 | +€6,909 | +222% |
| Financial charges | 65/66B | €32,490 | €49,160 | +€16,669 | +51.3% |
| Recurring financial charges | 65 | €32,490 | €48,850 | +€16,359 | +50.4% |
| Non-recurring financial charges | 66B | - | €310 | +€310 | |
| Profit (loss) for the period before taxes | 9903 | €2,173 | €62,253 | +€60,081 | +2,765% |
| Income taxes | 67/77 | €43 | €12,451 | +€12,408 | +28,862% |
| Profit (loss) for the period | 9904 | €2,130 | €49,803 | +€47,673 | +2,238% |
| Profit (loss) for the period to be appropriated | 9905 | €2,130 | €49,803 | +€47,673 | +2,238% |
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 25 October 2026 via checked.be.