VERO VASTGOED: 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 VASTGOED
Largest movements
- Tangible fixed assets -€22,663
down €22,663 (-5.4%), from €423,420 to €400,757
- Receivables within one year -€7,030
down €7,030 (-3.2%), from €220,202 to €213,172
- Debts after one year -€25,530
down €25,530 (-12.0%), from €213,344 to €187,814
- Gross operating margin -€251,400
down €251,400 (-87.9%), from €286,107 to €34,707
- Taxes -€61,635
no longer reported in 2025 (was €61,635)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €643,622 | €613,929 | -€29,693 | -4.6% |
| Fixed assets | 21/28 | €423,420 | €400,757 | -€22,663 | -5.4% |
| Tangible fixed assets | 22/27 | €423,420 | €400,757 | -€22,663 | -5.4% |
| Land and buildings | 22 | €423,420 | €400,757 | -€22,663 | -5.4% |
| Current assets | 29/58 | €220,202 | €213,172 | -€7,030 | -3.2% |
| Amounts receivable within one year | 40/41 | €220,202 | €213,172 | -€7,030 | -3.2% |
| Other amounts receivable | 41 | €220,202 | €213,172 | -€7,030 | -3.2% |
| Total equity and liabilities | 10/49 | €643,622 | €613,929 | -€29,693 | -4.6% |
| Equity | 10/15 | €288,666 | €285,057 | -€3,609 | -1.3% |
| Contributions | 10/11 | €10,098 | €10,098 | = | 0.0% |
| Reserves | 13 | €278,568 | €274,959 | -€3,609 | -1.3% |
| Tax-exempt reserves | 132 | €1,576 | €1,576 | = | 0.0% |
| Distributable reserves | 133 | €276,992 | €273,383 | -€3,609 | -1.3% |
| Amounts payable | 17/49 | €354,956 | €328,872 | -€26,084 | -7.3% |
| Amounts payable after more than one year | 17 | €213,344 | €187,814 | -€25,530 | -12.0% |
| Financial debts | 170/4 | €213,344 | €187,814 | -€25,530 | -12.0% |
| Amounts payable within one year | 42/48 | €141,612 | €141,058 | -€554 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €25,058 | €25,530 | +€472 | +1.9% |
| Trade debts | 44 | €4,989 | €3,963 | -€1,026 | -20.6% |
| Suppliers | 440/4 | €4,989 | €3,963 | -€1,026 | -20.6% |
| Taxes, remuneration and social security | 45 | €11,635 | €11,635 | = | 0.0% |
| Taxes | 450/3 | €11,635 | €11,635 | = | 0.0% |
| Other amounts payable | 47/48 | €99,930 | €99,930 | = | 0.0% |
| Non-recurring operating income | 76A | €260,000 | - | -€260,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,663 | €22,663 | = | 0.0% |
| Other operating charges | 640/8 | €8,773 | €11,412 | +€2,639 | +30.1% |
| Gross operating margin | 9900 | €286,107 | €34,707 | -€251,400 | -87.9% |
| Operating profit (loss) | 9901 | €254,671 | €632 | -€254,039 | -99.8% |
| Financial charges | 65/66B | €5,385 | €4,241 | -€1,145 | -21.3% |
| Recurring financial charges | 65 | €5,385 | €4,241 | -€1,145 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €249,285 | -€3,609 | -€252,894 | |
| Income taxes | 67/77 | €61,635 | - | -€61,635 | |
| Profit (loss) for the period | 9904 | €187,650 | -€3,609 | -€191,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €187,650 | -€3,609 | -€191,259 |
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.