VERO GRAPHICS: 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 GRAPHICS
Largest movements
- Cash +€14,776
up €14,776 (+480%), from €3,076 to €17,852
mainly Other debts (+€36,342) and Net result for the year (+€33,767)
- Stocks and contracts -€4,281
down €4,281 (-22.4%), from €19,108 to €14,828
- Tangible fixed assets -€3,301
down €3,301 (-20.0%), from €16,527 to €13,226
of which Other tangible fixed assets: -€4,080
- Receivables within one year +€3,073
up €3,073 (+9.3%), from €33,142 to €36,214
of which Other amounts receivable: +€20,218
- Other debts +€36,342
up €36,342 (+5,109%), from €711 to €37,053
- Tax, wage and social debts +€16,318
up €16,318 (+241%), from €6,781 to €23,098
- Short-term financial debts -€16,259
down €16,259 (-73.9%), from €22,006 to €5,747
- Debts after one year -€13,276
down €13,276 (-45.5%), from €29,184 to €15,909
- Trade debts -€11,636
down €11,636 (-57.4%), from €20,261 to €8,625
- Gross operating margin +€35,820
up €35,820 (+151%), from €23,697 to €59,517
- Taxes +€16,636
up €16,636 (+1,590%), from €1,046 to €17,682
- Financial income -€2,487
down €2,487 (-61.4%), from €4,052 to €1,565
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 | €136,853 | €147,120 | +€10,267 | +7.5% |
| Fixed assets | 21/28 | €16,527 | €13,226 | -€3,301 | -20.0% |
| Tangible fixed assets | 22/27 | €16,527 | €13,226 | -€3,301 | -20.0% |
| Furniture and vehicles | 24 | €234 | €1,013 | +€779 | +333% |
| Other tangible fixed assets | 26 | €16,293 | €12,213 | -€4,080 | -25.0% |
| Current assets | 29/58 | €120,325 | €133,893 | +€13,568 | +11.3% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €19,108 | €14,828 | -€4,281 | -22.4% |
| Stocks | 30/36 | €19,108 | €14,828 | -€4,281 | -22.4% |
| Amounts receivable within one year | 40/41 | €33,142 | €36,214 | +€3,073 | +9.3% |
| Trade receivables | 40 | €32,994 | €15,849 | -€17,145 | -52.0% |
| Other amounts receivable | 41 | €148 | €20,366 | +€20,218 | +13,672% |
| Cash at bank and in hand | 54/58 | €3,076 | €17,852 | +€14,776 | +480% |
| Total equity and liabilities | 10/49 | €136,853 | €147,120 | +€10,267 | +7.5% |
| Equity | 10/15 | €46,679 | €42,192 | -€4,487 | -9.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €40,109 | €29,692 | -€10,417 | -26.0% |
| Distributable reserves | 133 | €40,109 | €29,692 | -€10,417 | -26.0% |
| Profit (loss) carried forward | 14 | -€5,930 | €0 | +€5,930 | |
| Amounts payable | 17/49 | €90,173 | €104,928 | +€14,754 | +16.4% |
| Amounts payable after more than one year | 17 | €29,184 | €15,909 | -€13,276 | -45.5% |
| Financial debts | 170/4 | €29,184 | €15,909 | -€13,276 | -45.5% |
| Amounts payable within one year | 42/48 | €60,575 | €88,084 | +€27,509 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €10,816 | €13,276 | +€2,460 | +22.7% |
| Financial debts | 43 | €22,006 | €5,747 | -€16,259 | -73.9% |
| Credit institutions | 430/8 | €22,006 | €5,747 | -€16,259 | -73.9% |
| Trade debts | 44 | €20,261 | €8,625 | -€11,636 | -57.4% |
| Suppliers | 440/4 | €20,261 | €8,625 | -€11,636 | -57.4% |
| Advances received on contracts in progress | 46 | - | €285 | +€285 | |
| Taxes, remuneration and social security | 45 | €6,781 | €23,098 | +€16,318 | +241% |
| Taxes | 450/3 | €6,781 | €23,098 | +€16,318 | +241% |
| Other amounts payable | 47/48 | €711 | €37,053 | +€36,342 | +5,109% |
| Accrued charges and deferred income | 492/3 | €414 | €935 | +€521 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,314 | €4,344 | +€30 | +0.7% |
| Other operating charges | 640/8 | €1,531 | €1,417 | -€115 | -7.5% |
| Gross operating margin | 9900 | €23,697 | €59,517 | +€35,820 | +151% |
| Operating profit (loss) | 9901 | €17,852 | €53,757 | +€35,905 | +201% |
| Financial income | 75/76B | €4,052 | €1,565 | -€2,487 | -61.4% |
| Recurring financial income | 75 | €4,052 | €1,565 | -€2,487 | -61.4% |
| Financial charges | 65/66B | €4,063 | €3,872 | -€191 | -4.7% |
| Recurring financial charges | 65 | €4,063 | €3,872 | -€191 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €17,840 | €51,449 | +€33,610 | +188% |
| Income taxes | 67/77 | €1,046 | €17,682 | +€16,636 | +1,590% |
| Profit (loss) for the period | 9904 | €16,793 | €33,767 | +€16,974 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €16,793 | €33,767 | +€16,974 | +101% |
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.