VeRoger: 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.
VeRoger
Largest movements
- Receivables within one year -€64,116
down €64,116 (-62.3%), from €102,879 to €38,763
of which Trade receivables: -€59,039
- Cash +€59,282
up €59,282 (+138%), from €42,901 to €102,183
mainly Receivables within one year (+€64,116) and Depreciation (+€13,833)
- Tangible fixed assets -€9,948
down €9,948 (-31.3%), from €31,819 to €21,871
of which Furniture and vehicles: -€9,189
- Debts after one year -€17,008
down €17,008 (-86.9%), from €19,576 to €2,568
of which Other amounts payable: -€12,000
- Tax, wage and social debts +€3,810
up €3,810 (+20.8%), from €18,310 to €22,120
of which Taxes: +€3,301
- Reserves +€3,395
up €3,395 (+4.2%), from €81,188 to €84,584
- Write-downs -€7,190
no longer reported in 2025 (was €7,190)
- Staff costs -€5,384
down €5,384 (-6.2%), from €86,233 to €80,849
- Taxes +€5,000
up €5,000 (+241%), from €2,077 to €7,078
- Depreciation +€2,228
up €2,228 (+19.2%), from €11,605 to €13,833
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 | €183,162 | €169,804 | -€13,358 | -7.3% |
| Fixed assets | 21/28 | €32,914 | €22,969 | -€9,944 | -30.2% |
| Tangible fixed assets | 22/27 | €31,819 | €21,871 | -€9,948 | -31.3% |
| Plant, machinery and equipment | 23 | €1,555 | €2,731 | +€1,176 | +75.6% |
| Furniture and vehicles | 24 | €21,610 | €12,421 | -€9,189 | -42.5% |
| Other tangible fixed assets | 26 | €8,654 | €6,720 | -€1,934 | -22.4% |
| Financial fixed assets | 28 | €1,094 | €1,098 | +€3 | +0.3% |
| Current assets | 29/58 | €150,249 | €146,835 | -€3,414 | -2.3% |
| Amounts receivable within one year | 40/41 | €102,879 | €38,763 | -€64,116 | -62.3% |
| Trade receivables | 40 | €97,802 | €38,763 | -€59,039 | -60.4% |
| Other amounts receivable | 41 | €5,077 | - | -€5,077 | |
| Cash at bank and in hand | 54/58 | €42,901 | €102,183 | +€59,282 | +138% |
| Deferred charges and accrued income | 490/1 | €4,469 | €5,890 | +€1,420 | +31.8% |
| Total equity and liabilities | 10/49 | €183,162 | €169,804 | -€13,358 | -7.3% |
| Equity | 10/15 | €122,338 | €125,734 | +€3,395 | +2.8% |
| Contributions | 10/11 | €41,150 | €41,150 | = | 0.0% |
| Reserves | 13 | €81,188 | €84,584 | +€3,395 | +4.2% |
| Distributable reserves | 133 | €81,188 | €84,584 | +€3,395 | +4.2% |
| Amounts payable | 17/49 | €60,824 | €44,071 | -€16,754 | -27.5% |
| Amounts payable after more than one year | 17 | €19,576 | €2,568 | -€17,008 | -86.9% |
| Financial debts | 170/4 | €5,008 | - | -€5,008 | |
| Other amounts payable | 178/9 | €14,568 | €2,568 | -€12,000 | -82.4% |
| Amounts payable within one year | 42/48 | €41,248 | €41,503 | +€255 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,616 | €5,008 | -€1,607 | -24.3% |
| Trade debts | 44 | €3,250 | €2,375 | -€875 | -26.9% |
| Suppliers | 440/4 | €3,250 | €2,375 | -€875 | -26.9% |
| Taxes, remuneration and social security | 45 | €18,310 | €22,120 | +€3,810 | +20.8% |
| Taxes | 450/3 | €8,656 | €11,958 | +€3,301 | +38.1% |
| Remuneration and social security | 454/9 | €9,654 | €10,162 | +€508 | +5.3% |
| Other amounts payable | 47/48 | €13,073 | €12,000 | -€1,073 | -8.2% |
| Remuneration, social security and pensions | 62 | €86,233 | €80,849 | -€5,384 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,605 | €13,833 | +€2,228 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,190 | - | -€7,190 | |
| Other operating charges | 640/8 | €2,145 | €1,607 | -€537 | -25.1% |
| Gross operating margin | 9900 | €108,739 | €107,790 | -€949 | -0.9% |
| Operating profit (loss) | 9901 | €1,566 | €11,500 | +€9,934 | +634% |
| Financial income | 75/76B | €7 | €14 | +€8 | +110% |
| Recurring financial income | 75 | €7 | €14 | +€8 | +110% |
| Financial charges | 65/66B | €947 | €1,041 | +€94 | +9.9% |
| Recurring financial charges | 65 | €947 | €1,041 | +€94 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €626 | €10,473 | +€9,848 | +1,574% |
| Income taxes | 67/77 | €2,077 | €7,078 | +€5,000 | +241% |
| Profit (loss) for the period | 9904 | -€1,452 | €3,395 | +€4,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,452 | €3,395 | +€4,847 |
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 16 October 2026 via checked.be.