Vero Group: 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 Group
Largest movements
- Receivables within one year +€150,029
up €150,029 (+264%), from €56,926 to €206,955
of which Other amounts receivable: +€150,029
- Tangible fixed assets +€15,683
up €15,683 (+51.2%), from €30,615 to €46,298
of which Plant, machinery and equipment: +€16,233
- Profit (loss) carried forward +€128,235
up €128,235 (+665%), from €19,284 to €147,519
- Tax, wage and social debts +€48,002
up €48,002 (+650%), from €7,386 to €55,388
of which Taxes: +€48,002
- Trade debts -€10,282
down €10,282 (-17.2%), from €59,811 to €49,529
- Turnover +€280,568
up €280,568 (+87.2%), from €321,593 to €602,161
- Purchases and services +€141,990
up €141,990 (+51.0%), from €278,224 to €420,214
- Gross operating margin +€138,578
up €138,578 (+320%), from €43,369 to €181,947
- Taxes +€41,221
up €41,221 (+608%), from €6,783 to €48,004
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 | €88,481 | €254,436 | +€165,955 | +188% |
| Fixed assets | 21/28 | €30,615 | €46,298 | +€15,683 | +51.2% |
| Tangible fixed assets | 22/27 | €30,615 | €46,298 | +€15,683 | +51.2% |
| Plant, machinery and equipment | 23 | €26,215 | €42,448 | +€16,233 | +61.9% |
| Other tangible fixed assets | 26 | €4,400 | €3,850 | -€550 | -12.5% |
| Current assets | 29/58 | €57,866 | €208,138 | +€150,272 | +260% |
| Amounts receivable within one year | 40/41 | €56,926 | €206,955 | +€150,029 | +264% |
| Trade receivables | 40 | €30,696 | €30,696 | +€0 | 0.0% |
| Other amounts receivable | 41 | €26,230 | €176,259 | +€150,029 | +572% |
| Cash at bank and in hand | 54/58 | €940 | €1,183 | +€243 | +25.8% |
| Total equity and liabilities | 10/49 | €88,481 | €254,436 | +€165,955 | +188% |
| Equity | 10/15 | €21,284 | €149,519 | +€128,235 | +602% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €19,284 | €147,519 | +€128,235 | +665% |
| Amounts payable | 17/49 | €67,197 | €104,917 | +€37,720 | +56.1% |
| Amounts payable within one year | 42/48 | €67,197 | €104,917 | +€37,720 | +56.1% |
| Trade debts | 44 | €59,811 | €49,529 | -€10,282 | -17.2% |
| Suppliers | 440/4 | €59,811 | €49,529 | -€10,282 | -17.2% |
| Taxes, remuneration and social security | 45 | €7,386 | €55,388 | +€48,002 | +650% |
| Taxes | 450/3 | €6,785 | €54,787 | +€48,002 | +707% |
| Remuneration and social security | 454/9 | €601 | €601 | +€0 | 0.0% |
| Turnover | 70 | €321,593 | €602,161 | +€280,568 | +87.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €278,224 | €420,214 | +€141,990 | +51.0% |
| Remuneration, social security and pensions | 62 | €4,637 | €80 | -€4,557 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,797 | €8,666 | +€4,869 | +128% |
| Other operating charges | 640/8 | €661 | €1,300 | +€639 | +96.7% |
| Gross operating margin | 9900 | €43,369 | €181,947 | +€138,578 | +320% |
| Operating profit (loss) | 9901 | €34,274 | €171,901 | +€137,627 | +402% |
| Financial income | 75/76B | €19 | €4,645 | +€4,626 | +24,345% |
| Recurring financial income | 75 | €19 | €4,645 | +€4,626 | +24,345% |
| Financial charges | 65/66B | €17 | €309 | +€292 | +1,720% |
| Recurring financial charges | 65 | €17 | €309 | +€292 | +1,720% |
| Profit (loss) for the period before taxes | 9903 | €34,276 | €176,236 | +€141,960 | +414% |
| Income taxes | 67/77 | €6,783 | €48,004 | +€41,221 | +608% |
| Profit (loss) for the period | 9904 | €27,493 | €128,232 | +€100,739 | +366% |
| Profit (loss) for the period to be appropriated | 9905 | €27,493 | €128,232 | +€100,739 | +366% |
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 17 October 2026 via checked.be.