VERONET: 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.
VERONET
Largest movements
- Receivables within one year -€273,650
down €273,650 (-23.8%), from €1.1m to €875,421
of which Trade receivables: -€287,628
- Trade debts -€378,830
down €378,830 (-53.5%), from €708,632 to €329,802
- Tax, wage and social debts +€127,133
up €127,133 (+47.8%), from €265,736 to €392,869
- Short-term financial debts -€31,667
no longer reported in 2022 (was €31,667)
- Turnover -€236,322
down €236,322 (-14.6%), from €1.6m to €1.4m
- Purchases and services -€170,302
down €170,302 (-13.5%), from €1.3m to €1.1m
- Gross operating margin -€66,020
down €66,020 (-18.5%), from €356,352 to €290,331
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,300,696 | €1,017,181 | -€283,515 | -21.8% |
| Fixed assets | 21/28 | €88,318 | €75,903 | -€12,415 | -14.1% |
| Tangible fixed assets | 22/27 | €88,318 | €75,903 | -€12,415 | -14.1% |
| Furniture and vehicles | 24 | €88,318 | €75,903 | -€12,415 | -14.1% |
| Current assets | 29/58 | €1,212,377 | €941,277 | -€271,100 | -22.4% |
| Amounts receivable within one year | 40/41 | €1,149,071 | €875,421 | -€273,650 | -23.8% |
| Trade receivables | 40 | €837,914 | €550,286 | -€287,628 | -34.3% |
| Other amounts receivable | 41 | €311,157 | €325,135 | +€13,978 | +4.5% |
| Cash at bank and in hand | 54/58 | €63,307 | €65,857 | +€2,550 | +4.0% |
| Total equity and liabilities | 10/49 | €1,300,696 | €1,017,181 | -€283,515 | -21.8% |
| Equity | 10/15 | €167,885 | €165,070 | -€2,815 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,425 | €144,610 | -€2,815 | -1.9% |
| Amounts payable | 17/49 | €1,132,810 | €852,111 | -€280,700 | -24.8% |
| Amounts payable after more than one year | 17 | €58,633 | €58,141 | -€492 | -0.8% |
| Financial debts | 170/4 | €58,633 | €57,022 | -€1,611 | -2.7% |
| Other amounts payable | 178/9 | - | €1,119 | +€1,119 | |
| Amounts payable within one year | 42/48 | €1,074,177 | €793,907 | -€280,270 | -26.1% |
| Financial debts | 43 | €31,667 | - | -€31,667 | |
| Credit institutions | 430/8 | €31,667 | - | -€31,667 | |
| Trade debts | 44 | €708,632 | €329,802 | -€378,830 | -53.5% |
| Suppliers | 440/4 | €708,632 | €329,802 | -€378,830 | -53.5% |
| Taxes, remuneration and social security | 45 | €265,736 | €392,869 | +€127,133 | +47.8% |
| Taxes | 450/3 | €265,736 | €392,869 | +€127,133 | +47.8% |
| Other amounts payable | 47/48 | €68,142 | €71,236 | +€3,094 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Turnover | 70 | €1,613,475 | €1,377,153 | -€236,322 | -14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,257,123 | €1,086,821 | -€170,302 | -13.5% |
| Remuneration, social security and pensions | 62 | €280,221 | €270,496 | -€9,725 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,582 | €12,415 | -€1,167 | -8.6% |
| Other operating charges | 640/8 | €20,467 | €9,629 | -€10,837 | -53.0% |
| Gross operating margin | 9900 | €356,352 | €290,331 | -€66,020 | -18.5% |
| Operating profit (loss) | 9901 | €42,083 | -€2,209 | -€44,292 | |
| Financial charges | 65/66B | €338 | €606 | +€267 | +79.0% |
| Recurring financial charges | 65 | €338 | €606 | +€267 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €41,744 | -€2,815 | -€44,559 | |
| Profit (loss) for the period | 9904 | €41,744 | -€2,815 | -€44,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,744 | -€2,815 | -€44,559 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.