VEROLAND: 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.
VEROLAND
Largest movements
- Cash -€35,974
down €35,974 (-19.7%), from €182,578 to €146,604
mainly Contributions, distributions and other (-€140,000) and Tax, wage and social debts (-€52,250)
- Receivables within one year +€3,828
up €3,828 (+16.4%), from €23,406 to €27,234
of which Trade receivables: +€3,574
- Tax, wage and social debts -€52,250
down €52,250 (-84.8%), from €61,579 to €9,330
- Other debts +€30,394
new in 2025: €30,394
- Profit (loss) carried forward -€15,207
down €15,207 (-10.8%), from €140,860 to €125,652
- Trade debts +€4,990
up €4,990 (+186.8%), from €2,671 to €7,661
- Gross operating margin +€20,631
up €20,631 (+14.0%), from €147,104 to €167,734
- Taxes +€3,100
up €3,100 (+9.3%), from €33,511 to €36,611
- Financial charges +€1,737
up €1,737 (+49.2%), from €3,528 to €5,264
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 | €209,669 | €177,037 | -€32,632 | -15.6% |
| Fixed assets | 21/28 | €2,219 | €1,729 | -€490 | -22.1% |
| Tangible fixed assets | 22/27 | €2,219 | €1,729 | -€490 | -22.1% |
| Furniture and vehicles | 24 | €2,219 | €1,729 | -€490 | -22.1% |
| Current assets | 29/58 | €207,450 | €175,308 | -€32,143 | -15.5% |
| Amounts receivable within one year | 40/41 | €23,406 | €27,234 | +€3,828 | +16.4% |
| Trade receivables | 40 | €22,855 | €26,430 | +€3,574 | +15.6% |
| Other amounts receivable | 41 | €550 | €804 | +€253 | +46.0% |
| Cash at bank and in hand | 54/58 | €182,578 | €146,604 | -€35,974 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,466 | €1,470 | +€4 | +0.3% |
| Total equity and liabilities | 10/49 | €209,669 | €177,037 | -€32,632 | -15.6% |
| Equity | 10/15 | €144,860 | €129,652 | -€15,207 | -10.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,860 | €125,652 | -€15,207 | -10.8% |
| Amounts payable | 17/49 | €64,810 | €47,385 | -€17,425 | -26.9% |
| Amounts payable within one year | 42/48 | €64,810 | €47,385 | -€17,425 | -26.9% |
| Trade debts | 44 | €2,671 | €7,661 | +€4,990 | +186.8% |
| Suppliers | 440/4 | €2,671 | €7,661 | +€4,990 | +186.8% |
| Advances received on contracts in progress | 46 | €559 | €0 | -€559 | -100.0% |
| Taxes, remuneration and social security | 45 | €61,579 | €9,330 | -€52,250 | -84.8% |
| Taxes | 450/3 | €61,579 | €9,330 | -€52,250 | -84.8% |
| Other amounts payable | 47/48 | - | €30,394 | +€30,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €490 | +€260 | +112.8% |
| Other operating charges | 640/8 | €650 | €577 | -€73 | -11.2% |
| Gross operating margin | 9900 | €147,104 | €167,734 | +€20,631 | +14.0% |
| Operating profit (loss) | 9901 | €146,224 | €166,668 | +€20,444 | +14.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,528 | €5,264 | +€1,737 | +49.2% |
| Recurring financial charges | 65 | €3,528 | €5,264 | +€1,737 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €142,697 | €161,404 | +€18,707 | +13.1% |
| Income taxes | 67/77 | €33,511 | €36,611 | +€3,100 | +9.3% |
| Profit (loss) for the period | 9904 | €109,185 | €124,793 | +€15,607 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,185 | €124,793 | +€15,607 | +14.3% |
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 3 October 2026 via checked.be.