VERONIQUE: 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.
VERONIQUE
Largest movements
- Cash -€158,317
down €158,317 (-79.0%), from €200,368 to €42,051
mainly Contributions, distributions and other (-€141,255) and Investment in fixed assets (net) (-€30,311)
- Tangible fixed assets +€20,280
up €20,280 (+23.7%), from €85,702 to €105,982
of which Furniture and vehicles: +€19,495
- Receivables within one year +€5,779
up €5,779 (+115.7%), from €4,996 to €10,775
of which Other amounts receivable: +€5,779
- Reserves -€131,672
down €131,672 (-63.1%), from €208,578 to €76,906
of which Distributable reserves: -€131,672
- Depreciation +€9,004
up €9,004 (+877.1%), from €1,027 to €10,031
- Gross operating margin +€8,368
up €8,368 (+30.2%), from €27,747 to €36,115
- Financial income -€3,319
down €3,319 (-81.6%), from €4,067 to €748
- Other operating charges +€992
up €992 (+11.2%), from €8,832 to €9,824
- Taxes -€986
down €986 (-12.4%), from €7,945 to €6,959
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 | €292,282 | €160,196 | -€132,087 | -45.2% |
| Fixed assets | 21/28 | €85,702 | €105,982 | +€20,280 | +23.7% |
| Tangible fixed assets | 22/27 | €85,702 | €105,982 | +€20,280 | +23.7% |
| Land and buildings | 22 | €85,702 | €84,676 | -€1,027 | -1.2% |
| Furniture and vehicles | 24 | - | €19,495 | +€19,495 | |
| Other tangible fixed assets | 26 | - | €1,811 | +€1,811 | |
| Current assets | 29/58 | €206,580 | €54,214 | -€152,367 | -73.8% |
| Amounts receivable within one year | 40/41 | €4,996 | €10,775 | +€5,779 | +115.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,996 | €10,775 | +€5,779 | +115.7% |
| Cash at bank and in hand | 54/58 | €200,368 | €42,051 | -€158,317 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,216 | €1,387 | +€171 | +14.1% |
| Total equity and liabilities | 10/49 | €292,282 | €160,196 | -€132,087 | -45.2% |
| Equity | 10/15 | €273,578 | €141,906 | -€131,672 | -48.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €208,578 | €76,906 | -€131,672 | -63.1% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €202,078 | €70,406 | -€131,672 | -65.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,704 | €18,290 | -€415 | -2.2% |
| Amounts payable after more than one year | 17 | €15,525 | €15,780 | +€255 | +1.6% |
| Other amounts payable | 178/9 | €15,525 | €15,780 | +€255 | +1.6% |
| Amounts payable within one year | 42/48 | €3,179 | €2,509 | -€670 | -21.1% |
| Trade debts | 44 | €1,812 | €1,371 | -€441 | -24.3% |
| Suppliers | 440/4 | €1,812 | €1,371 | -€441 | -24.3% |
| Taxes, remuneration and social security | 45 | €1,367 | €1,138 | -€229 | -16.7% |
| Taxes | 450/3 | €1,367 | €1,138 | -€229 | -16.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | €10,031 | +€9,004 | +877.1% |
| Other operating charges | 640/8 | €8,832 | €9,824 | +€992 | +11.2% |
| Gross operating margin | 9900 | €27,747 | €36,115 | +€8,368 | +30.2% |
| Operating profit (loss) | 9901 | €17,888 | €16,260 | -€1,628 | -9.1% |
| Financial income | 75/76B | €4,067 | €748 | -€3,319 | -81.6% |
| Recurring financial income | 75 | €4,067 | €748 | -€3,319 | -81.6% |
| Financial charges | 65/66B | €342 | €466 | +€125 | +36.4% |
| Recurring financial charges | 65 | €342 | €466 | +€125 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €21,614 | €16,542 | -€5,072 | -23.5% |
| Income taxes | 67/77 | €7,945 | €6,959 | -€986 | -12.4% |
| Profit (loss) for the period | 9904 | €13,669 | €9,583 | -€4,086 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,669 | €9,583 | -€4,086 | -29.9% |
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 8 October 2026 via checked.be.