Veromax: 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.
Veromax
Largest movements
- Cash +€36,058
up €36,058 (+151.4%), from €23,813 to €59,871
mainly Net result for the year (+€16,077) and Deferred charges and accrued income (+€8,570)
- Deferred charges and accrued income -€8,570
down €8,570 (-70.1%), from €12,231 to €3,661
- Tangible fixed assets -€2,242
down €2,242 (-55.1%), from €4,068 to €1,827
of which Furniture and vehicles: -€2,025
- Receivables within one year -€1,166
down €1,166 (-16.1%), from €7,265 to €6,099
of which Other amounts receivable: -€610
- Reserves +€16,077
up €16,077 (+101.5%), from €15,846 to €31,923
- Trade debts +€4,676
up €4,676 (+291.9%), from €1,602 to €6,278
- Tax, wage and social debts +€2,119
up €2,119 (+39.4%), from €5,380 to €7,499
of which Remuneration and social security: +€1,866
- Other debts +€864
up €864 (+16.3%), from €5,289 to €6,153
- Taxes +€5,687
up €5,687 (+178.2%), from €3,192 to €8,879
- Depreciation -€4,460
down €4,460 (-90.1%), from €4,951 to €491
- Gross operating margin -€2,788
down €2,788 (-9.5%), from €29,365 to €26,577
- Financial charges +€888
up €888 (+182.2%), from €487 to €1,375
- Financial income +€629
up €629 (+397.6%), from €158 to €787
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 | €50,529 | €74,608 | +€24,080 | +47.7% |
| Fixed assets | 21/28 | €4,068 | €1,827 | -€2,242 | -55.1% |
| Tangible fixed assets | 22/27 | €4,068 | €1,827 | -€2,242 | -55.1% |
| Plant, machinery and equipment | 23 | €562 | €346 | -€217 | -38.5% |
| Furniture and vehicles | 24 | €3,506 | €1,481 | -€2,025 | -57.8% |
| Current assets | 29/58 | €46,460 | €72,782 | +€26,322 | +56.7% |
| Stocks and contracts in progress | 3 | €3,151 | €3,151 | = | 0.0% |
| Stocks | 30/36 | €3,151 | €3,151 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,265 | €6,099 | -€1,166 | -16.1% |
| Trade receivables | 40 | €6,655 | €6,098 | -€557 | -8.4% |
| Other amounts receivable | 41 | €610 | €1 | -€610 | -99.8% |
| Cash at bank and in hand | 54/58 | €23,813 | €59,871 | +€36,058 | +151.4% |
| Deferred charges and accrued income | 490/1 | €12,231 | €3,661 | -€8,570 | -70.1% |
| Total equity and liabilities | 10/49 | €50,529 | €74,608 | +€24,080 | +47.7% |
| Equity | 10/15 | €37,846 | €53,923 | +€16,077 | +42.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €15,846 | €31,923 | +€16,077 | +101.5% |
| Distributable reserves | 133 | €15,846 | €31,923 | +€16,077 | +101.5% |
| Amounts payable | 17/49 | €12,682 | €20,686 | +€8,003 | +63.1% |
| Amounts payable within one year | 42/48 | €12,271 | €19,930 | +€7,659 | +62.4% |
| Trade debts | 44 | €1,602 | €6,278 | +€4,676 | +291.9% |
| Suppliers | 440/4 | €1,602 | €6,278 | +€4,676 | +291.9% |
| Taxes, remuneration and social security | 45 | €5,380 | €7,499 | +€2,119 | +39.4% |
| Taxes | 450/3 | €5,380 | €5,633 | +€252 | +4.7% |
| Remuneration and social security | 454/9 | - | €1,866 | +€1,866 | |
| Other amounts payable | 47/48 | €5,289 | €6,153 | +€864 | +16.3% |
| Accrued charges and deferred income | 492/3 | €412 | €756 | +€344 | +83.6% |
| Non-recurring operating income | 76A | €4,788 | €8,657 | +€3,868 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,951 | €491 | -€4,460 | -90.1% |
| Other operating charges | 640/8 | €833 | €542 | -€290 | -34.9% |
| Gross operating margin | 9900 | €29,365 | €26,577 | -€2,788 | -9.5% |
| Operating profit (loss) | 9901 | €23,581 | €25,544 | +€1,962 | +8.3% |
| Financial income | 75/76B | €158 | €787 | +€629 | +397.6% |
| Recurring financial income | 75 | €158 | €787 | +€629 | +397.6% |
| Financial charges | 65/66B | €487 | €1,375 | +€888 | +182.2% |
| Recurring financial charges | 65 | €487 | €1,375 | +€888 | +182.2% |
| Profit (loss) for the period before taxes | 9903 | €23,252 | €24,956 | +€1,703 | +7.3% |
| Income taxes | 67/77 | €3,192 | €8,879 | +€5,687 | +178.2% |
| Profit (loss) for the period | 9904 | €20,060 | €16,077 | -€3,983 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,060 | €16,077 | -€3,983 | -19.9% |
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 7 October 2026 via checked.be.