VEROCO: 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.
VEROCO
Largest movements
- Cash +€24,091
up €24,091 (+24.7%), from €97,625 to €121,716
mainly Depreciation (+€20,312) and Receivables within one year (+€4,667)
- Tangible fixed assets -€17,608
down €17,608 (-8.1%), from €216,576 to €198,968
of which Land and buildings: -€14,206
- Receivables within one year -€4,667
no longer reported in 2025 (was €4,667)
of which Trade receivables: -€3,690
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€3,679
up €3,679 (+9.8%), from €37,737 to €41,416
- Taxes +€2,207
up €2,207 (+280%), from €788 to €2,995
- Other operating charges +€2,029
up €2,029 (+33.7%), from €6,026 to €8,055
- Depreciation -€1,723
down €1,723 (-7.8%), from €22,035 to €20,312
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 | €320,491 | €322,380 | +€1,889 | +0.6% |
| Fixed assets | 21/28 | €216,576 | €198,968 | -€17,608 | -8.1% |
| Tangible fixed assets | 22/27 | €216,576 | €198,968 | -€17,608 | -8.1% |
| Land and buildings | 22 | €192,001 | €177,794 | -€14,206 | -7.4% |
| Plant, machinery and equipment | 23 | €1,558 | €1,388 | -€170 | -10.9% |
| Furniture and vehicles | 24 | €23,017 | €19,785 | -€3,232 | -14.0% |
| Current assets | 29/58 | €103,916 | €123,413 | +€19,497 | +18.8% |
| Amounts receivable within one year | 40/41 | €4,667 | - | -€4,667 | |
| Trade receivables | 40 | €3,690 | - | -€3,690 | |
| Other amounts receivable | 41 | €977 | - | -€977 | |
| Cash at bank and in hand | 54/58 | €97,625 | €121,716 | +€24,091 | +24.7% |
| Deferred charges and accrued income | 490/1 | €1,623 | €1,696 | +€73 | +4.5% |
| Total equity and liabilities | 10/49 | €320,491 | €322,380 | +€1,889 | +0.6% |
| Equity | 10/15 | €33,505 | €34,111 | +€606 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,905 | €15,511 | +€606 | +4.1% |
| Tax-exempt reserves | 132 | €2,665 | €1,999 | -€666 | -25.0% |
| Distributable reserves | 133 | €12,240 | €13,512 | +€1,272 | +10.4% |
| Provisions and deferred taxes | 16 | €888 | €666 | -€222 | -25.0% |
| Deferred taxes | 168 | €888 | €666 | -€222 | -25.0% |
| Amounts payable | 17/49 | €286,098 | €287,604 | +€1,506 | +0.5% |
| Amounts payable after more than one year | 17 | €278,804 | €279,288 | +€484 | +0.2% |
| Financial debts | 170/4 | €278,804 | €279,288 | +€484 | +0.2% |
| Amounts payable within one year | 42/48 | €4,973 | €8,315 | +€3,343 | +67.2% |
| Trade debts | 44 | - | €1,471 | +€1,471 | |
| Suppliers | 440/4 | - | €1,471 | +€1,471 | |
| Taxes, remuneration and social security | 45 | €4,973 | €6,844 | +€1,872 | +37.6% |
| Taxes | 450/3 | €4,973 | €6,844 | +€1,872 | +37.6% |
| Accrued charges and deferred income | 492/3 | €2,321 | - | -€2,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,035 | €20,312 | -€1,723 | -7.8% |
| Other operating charges | 640/8 | €6,026 | €8,055 | +€2,029 | +33.7% |
| Gross operating margin | 9900 | €37,737 | €41,416 | +€3,679 | +9.8% |
| Operating profit (loss) | 9901 | €9,677 | €13,050 | +€3,373 | +34.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,677 | €9,672 | -€5 | -0.1% |
| Recurring financial charges | 65 | €9,677 | €9,672 | -€5 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€0 | €3,379 | +€3,379 | |
| Transfer from deferred taxes | 780 | €222 | €222 | = | 0.0% |
| Income taxes | 67/77 | €788 | €2,995 | +€2,207 | +280% |
| Profit (loss) for the period | 9904 | -€566 | €606 | +€1,172 | |
| Transfer from tax-exempt reserves | 789 | €666 | €666 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100 | €1,272 | +€1,172 | +1,171% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.