Veroda: 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.
Veroda
Largest movements
- Cash +€39,291
up €39,291 (+119.9%), from €32,776 to €72,067
mainly Net result for the year (+€95,541) and Other debts (+€27,858)
- Receivables within one year +€7,084
up €7,084 (+7.9%), from €89,182 to €96,266
of which Trade receivables: +€9,983
- Reserves +€31,733
up €31,733 (+6.0%), from €530,538 to €562,271
- Other debts +€27,858
up €27,858 (+66.6%), from €41,816 to €69,674
- Gross operating margin -€7,086
down €7,086 (-17.6%), from €40,154 to €33,068
- Taxes -€2,259
down €2,259 (-12.1%), from €18,664 to €16,405
- Financial income -€1,584
down €1,584 (-1.9%), from €82,444 to €80,860
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,246 | €643,315 | +€50,069 | +8.4% |
| Fixed assets | 21/28 | €471,287 | €474,981 | +€3,694 | +0.8% |
| Tangible fixed assets | 22/27 | - | €3,694 | +€3,694 | |
| Furniture and vehicles | 24 | - | €3,694 | +€3,694 | |
| Financial fixed assets | 28 | €471,287 | €471,287 | = | 0.0% |
| Current assets | 29/58 | €121,959 | €168,333 | +€46,375 | +38.0% |
| Amounts receivable within one year | 40/41 | €89,182 | €96,266 | +€7,084 | +7.9% |
| Trade receivables | 40 | - | €9,983 | +€9,983 | |
| Other amounts receivable | 41 | €89,182 | €86,284 | -€2,898 | -3.3% |
| Cash at bank and in hand | 54/58 | €32,776 | €72,067 | +€39,291 | +119.9% |
| Total equity and liabilities | 10/49 | €593,246 | €643,315 | +€50,069 | +8.4% |
| Equity | 10/15 | €530,538 | €562,271 | +€31,733 | +6.0% |
| Reserves | 13 | €530,538 | €562,271 | +€31,733 | +6.0% |
| Distributable reserves | 133 | €530,538 | €562,271 | +€31,733 | +6.0% |
| Amounts payable | 17/49 | €62,708 | €81,044 | +€18,336 | +29.2% |
| Amounts payable within one year | 42/48 | €62,158 | €80,494 | +€18,336 | +29.5% |
| Trade debts | 44 | €4,113 | €19 | -€4,094 | -99.5% |
| Suppliers | 440/4 | €4,113 | €19 | -€4,094 | -99.5% |
| Taxes, remuneration and social security | 45 | €16,229 | €10,801 | -€5,428 | -33.4% |
| Taxes | 450/3 | €14,484 | €9,055 | -€5,429 | -37.5% |
| Remuneration and social security | 454/9 | €1,745 | €1,746 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €41,816 | €69,674 | +€27,858 | +66.6% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €64 | +€64 | |
| Other operating charges | 640/8 | €1,305 | €1,437 | +€132 | +10.1% |
| Gross operating margin | 9900 | €40,154 | €33,068 | -€7,086 | -17.6% |
| Operating profit (loss) | 9901 | €38,848 | €31,567 | -€7,282 | -18.7% |
| Financial income | 75/76B | €82,444 | €80,860 | -€1,584 | -1.9% |
| Recurring financial income | 75 | €82,444 | €80,860 | -€1,584 | -1.9% |
| Financial charges | 65/66B | €496 | €480 | -€16 | -3.2% |
| Recurring financial charges | 65 | €496 | €480 | -€16 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €120,797 | €111,946 | -€8,850 | -7.3% |
| Income taxes | 67/77 | €18,664 | €16,405 | -€2,259 | -12.1% |
| Profit (loss) for the period | 9904 | €102,133 | €95,541 | -€6,592 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,133 | €95,541 | -€6,592 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.