Veron: 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.
Veron
Largest movements
- Tangible fixed assets -€27,568
down €27,568 (-23.6%), from €116,798 to €89,230
of which Plant, machinery and equipment: -€24,088
- Receivables within one year -€7,058
down €7,058 (-74.2%), from €9,514 to €2,456
of which Other amounts receivable: -€9,424
- Cash -€3,882
down €3,882 (-90.7%), from €4,278 to €396
mainly Net result for the year (-€53,613) and Investment in fixed assets (net) (-€5,182)
- Profit (loss) carried forward -€53,613
down €53,613 (-33.9%), from -€158,162 to -€211,776
- Other debts +€8,862
up €8,862 (+4.7%), from €186,787 to €195,649
- Trade debts +€5,517
up €5,517 (+413%), from €1,336 to €6,853
- Gross operating margin -€3,331
down €3,331 (-59.7%), from -€5,580 to -€8,911
- Financial charges -€2,063
down €2,063 (-16.5%), from €12,509 to €10,446
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 | €131,960 | €93,467 | -€38,494 | -29.2% |
| Fixed assets | 21/28 | €117,764 | €90,196 | -€27,568 | -23.4% |
| Tangible fixed assets | 22/27 | €116,798 | €89,230 | -€27,568 | -23.6% |
| Plant, machinery and equipment | 23 | €60,887 | €36,800 | -€24,088 | -39.6% |
| Furniture and vehicles | 24 | €10,501 | €7,823 | -€2,678 | -25.5% |
| Other tangible fixed assets | 26 | €45,410 | €44,608 | -€802 | -1.8% |
| Financial fixed assets | 28 | €966 | €966 | = | 0.0% |
| Current assets | 29/58 | €14,196 | €3,270 | -€10,926 | -77.0% |
| Amounts receivable within one year | 40/41 | €9,514 | €2,456 | -€7,058 | -74.2% |
| Trade receivables | 40 | €91 | €2,456 | +€2,365 | +2,606% |
| Other amounts receivable | 41 | €9,424 | - | -€9,424 | |
| Cash at bank and in hand | 54/58 | €4,278 | €396 | -€3,882 | -90.7% |
| Deferred charges and accrued income | 490/1 | €404 | €418 | +€15 | +3.6% |
| Total equity and liabilities | 10/49 | €131,960 | €93,467 | -€38,494 | -29.2% |
| Equity | 10/15 | -€156,162 | -€209,776 | -€53,613 | -34.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,162 | -€211,776 | -€53,613 | -33.9% |
| Amounts payable | 17/49 | €288,123 | €303,243 | +€15,120 | +5.2% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €188,123 | €202,943 | +€14,820 | +7.9% |
| Trade debts | 44 | €1,336 | €6,853 | +€5,517 | +413% |
| Suppliers | 440/4 | €1,336 | €6,853 | +€5,517 | +413% |
| Taxes, remuneration and social security | 45 | - | €441 | +€441 | |
| Taxes | 450/3 | - | €441 | +€441 | |
| Other amounts payable | 47/48 | €186,787 | €195,649 | +€8,862 | +4.7% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,748 | €32,750 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,493 | €1,510 | +€16 | +1.1% |
| Gross operating margin | 9900 | -€5,580 | -€8,911 | -€3,331 | -59.7% |
| Operating profit (loss) | 9901 | -€39,822 | -€43,171 | -€3,349 | -8.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €12,509 | €10,446 | -€2,063 | -16.5% |
| Recurring financial charges | 65 | €12,509 | €10,446 | -€2,063 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,331 | -€53,613 | -€1,282 | -2.4% |
| Profit (loss) for the period | 9904 | -€52,331 | -€53,613 | -€1,282 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,331 | -€53,613 | -€1,282 | -2.4% |
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 29 October 2026 via checked.be.