VERO - IMAGE: what changed
Two fiscal 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 - IMAGE
Largest movements
- Receivables within one year +€106,627
up €106,627 (+16.3%), from €654,684 to €761,311
of which Other amounts receivable: +€78,142
- Cash +€68,080
up €68,080 (+824.0%), from €8,262 to €76,342
mainly Net result for the year (+€123,368) and Tax, wage and social debts (+€34,950)
- Tangible fixed assets -€19,808
down €19,808 (-19.0%), from €104,365 to €84,557
- Profit (loss) carried forward +€123,368
up €123,368 (+19.4%), from €636,002 to €759,370
- Tax, wage and social debts +€34,950
up €34,950 (+239.9%), from €14,569 to €49,519
- Debts after one year -€11,084
down €11,084 (-15.1%), from €73,592 to €62,508
- Gross operating margin +€131,934
up €131,934 (+161.3%), from €81,776 to €213,710
- Taxes +€33,388
up €33,388 (+150.8%), from €22,137 to €55,525
- Depreciation +€25,948
up €25,948 (+3902.0%), from €665 to €26,613
- Other operating charges +€12,132
up €12,132 (+1657.4%), from €732 to €12,864
- Financial charges -€5,351
down €5,351 (-50.9%), from €10,511 to €5,160
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.
Cash bridge derived
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 | €767,731 | €922,567 | +€154,836 | +20.2% |
| Fixed assets | 21/28 | €104,365 | €84,557 | -€19,808 | -19.0% |
| Tangible fixed assets | 22/27 | €104,365 | €84,557 | -€19,808 | -19.0% |
| Furniture and vehicles | 24 | €104,365 | €84,557 | -€19,808 | -19.0% |
| Current assets | 29/58 | €663,366 | €838,010 | +€174,644 | +26.3% |
| Amounts receivable within one year | 40/41 | €654,684 | €761,311 | +€106,627 | +16.3% |
| Trade receivables | 40 | €37,490 | €65,975 | +€28,485 | +76.0% |
| Other amounts receivable | 41 | €617,194 | €695,336 | +€78,142 | +12.7% |
| Cash at bank and in hand | 54/58 | €8,262 | €76,342 | +€68,080 | +824.0% |
| Deferred charges and accrued income | 490/1 | €420 | €357 | -€63 | -15.0% |
| Total equity and liabilities | 10/49 | €767,731 | €922,567 | +€154,836 | +20.2% |
| Equity | 10/15 | €656,453 | €779,821 | +€123,368 | +18.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €636,002 | €759,370 | +€123,368 | +19.4% |
| Amounts payable | 17/49 | €111,278 | €142,746 | +€31,468 | +28.3% |
| Amounts payable after more than one year | 17 | €73,592 | €62,508 | -€11,084 | -15.1% |
| Financial debts | 170/4 | €73,592 | €62,508 | -€11,084 | -15.1% |
| Amounts payable within one year | 42/48 | €36,983 | €80,238 | +€43,255 | +117.0% |
| Current portion of amounts payable after more than one year | 42 | €10,408 | €11,084 | +€676 | +6.5% |
| Trade debts | 44 | €12,006 | €19,635 | +€7,629 | +63.5% |
| Suppliers | 440/4 | €12,006 | €19,635 | +€7,629 | +63.5% |
| Taxes, remuneration and social security | 45 | €14,569 | €49,519 | +€34,950 | +239.9% |
| Taxes | 450/3 | €14,569 | €49,519 | +€34,950 | +239.9% |
| Accrued charges and deferred income | 492/3 | €703 | - | -€703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €26,613 | +€25,948 | +3902.0% |
| Other operating charges | 640/8 | €732 | €12,864 | +€12,132 | +1657.4% |
| Gross operating margin | 9900 | €81,776 | €213,710 | +€131,934 | +161.3% |
| Operating profit (loss) | 9901 | €80,379 | €174,233 | +€93,854 | +116.8% |
| Financial income | 75/76B | €8,876 | €9,820 | +€944 | +10.6% |
| Recurring financial income | 75 | €8,876 | €9,820 | +€944 | +10.6% |
| Financial charges | 65/66B | €10,511 | €5,160 | -€5,351 | -50.9% |
| Recurring financial charges | 65 | €10,511 | €5,160 | -€5,351 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €78,744 | €178,893 | +€100,149 | +127.2% |
| Income taxes | 67/77 | €22,137 | €55,525 | +€33,388 | +150.8% |
| Profit (loss) for the period | 9904 | €56,607 | €123,368 | +€66,761 | +117.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,607 | €123,368 | +€66,761 | +117.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.