Vero Consult: 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 Consult
Largest movements
- Tangible fixed assets -€68,754
down €68,754 (-3.6%), from €1.9m to €1.8m
of which Land and buildings: -€60,379
- Debts after one year -€34,350
down €34,350 (-5.4%), from €635,407 to €601,058
of which Financial debts: -€36,290
- Other debts -€34,140
down €34,140 (-67.7%), from €50,415 to €16,275
- Profit (loss) carried forward -€21,344
down €21,344 (-10.2%), from €210,248 to €188,904
- Gross operating margin +€8,685
up €8,685 (+10.1%), from €85,602 to €94,287
- Financial charges -€5,044
down €5,044 (-21.8%), from €23,114 to €18,070
- Other operating charges +€4,184
up €4,184 (+61.4%), from €6,811 to €10,995
- Depreciation +€3,364
up €3,364 (+4.1%), from €82,302 to €85,666
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 | €2,007,385 | €1,922,122 | -€85,263 | -4.2% |
| Fixed assets | 21/28 | €1,907,185 | €1,838,431 | -€68,754 | -3.6% |
| Tangible fixed assets | 22/27 | €1,907,185 | €1,838,431 | -€68,754 | -3.6% |
| Land and buildings | 22 | €1,887,238 | €1,826,859 | -€60,379 | -3.2% |
| Plant, machinery and equipment | 23 | €394 | €248 | -€146 | -37.0% |
| Furniture and vehicles | 24 | €19,553 | €11,325 | -€8,229 | -42.1% |
| Current assets | 29/58 | €100,200 | €83,690 | -€16,510 | -16.5% |
| Amounts receivable within one year | 40/41 | €89,707 | €79,245 | -€10,462 | -11.7% |
| Trade receivables | 40 | €83,240 | €71,240 | -€12,000 | -14.4% |
| Other amounts receivable | 41 | €6,466 | €8,004 | +€1,538 | +23.8% |
| Cash at bank and in hand | 54/58 | €10,493 | €4,446 | -€6,048 | -57.6% |
| Total equity and liabilities | 10/49 | €2,007,385 | €1,922,122 | -€85,263 | -4.2% |
| Equity | 10/15 | €1,041,236 | €1,019,892 | -€21,344 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €812,388 | €812,388 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €731,648 | €731,648 | = | 0.0% |
| Distributable reserves | 133 | €78,880 | €78,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,248 | €188,904 | -€21,344 | -10.2% |
| Provisions and deferred taxes | 16 | €243,834 | €243,834 | = | 0.0% |
| Deferred taxes | 168 | €243,834 | €243,834 | = | 0.0% |
| Amounts payable | 17/49 | €722,314 | €658,395 | -€63,919 | -8.8% |
| Amounts payable after more than one year | 17 | €635,407 | €601,058 | -€34,350 | -5.4% |
| Financial debts | 170/4 | €627,737 | €591,448 | -€36,290 | -5.8% |
| Other amounts payable | 178/9 | €7,670 | €9,610 | +€1,940 | +25.3% |
| Amounts payable within one year | 42/48 | €86,907 | €57,338 | -€29,569 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €35,231 | €36,290 | +€1,059 | +3.0% |
| Trade debts | 44 | €1,261 | €1,250 | -€12 | -0.9% |
| Suppliers | 440/4 | €1,261 | €1,250 | -€12 | -0.9% |
| Taxes, remuneration and social security | 45 | - | €3,524 | +€3,524 | |
| Taxes | 450/3 | - | €3,524 | +€3,524 | |
| Other amounts payable | 47/48 | €50,415 | €16,275 | -€34,140 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,302 | €85,666 | +€3,364 | +4.1% |
| Other operating charges | 640/8 | €6,811 | €10,995 | +€4,184 | +61.4% |
| Gross operating margin | 9900 | €85,602 | €94,287 | +€8,685 | +10.1% |
| Operating profit (loss) | 9901 | -€3,511 | -€2,374 | +€1,136 | +32.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23,114 | €18,070 | -€5,044 | -21.8% |
| Recurring financial charges | 65 | €23,114 | €18,070 | -€5,044 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,625 | -€20,444 | +€6,181 | +23.2% |
| Income taxes | 67/77 | - | €900 | +€900 | |
| Profit (loss) for the period | 9904 | -€26,625 | -€21,344 | +€5,281 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,625 | -€21,344 | +€5,281 | +19.8% |
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 17 October 2026 via checked.be.