VEROPEC: 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.
VEROPEC
Largest movements
- Receivables within one year +€285,767
up €285,767 (+73.8%), from €387,226 to €672,994
of which Trade receivables: +€307,706
- Financial fixed assets -€32,406
down €32,406 (-2.1%), from €1.6m to €1.5m
- Trade debts +€114,631
up €114,631 (+284.7%), from €40,264 to €154,895
- Other debts +€112,868
up €112,868 (+7.2%), from €1.6m to €1.7m
- Gross operating margin -€36,228
down €36,228 (-55.6%), from €65,128 to €28,900
- Taxes -€9,919
down €9,919 (-52.8%), from €18,785 to €8,866
- Other operating charges -€2,547
down €2,547 (-75.0%), from €3,394 to €847
- Financial charges -€1,981
down €1,981 (-44.7%), from €4,432 to €2,451
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 | €2,005,620 | €2,237,820 | +€232,201 | +11.6% |
| Fixed assets | 21/28 | €1,581,344 | €1,543,089 | -€38,255 | -2.4% |
| Tangible fixed assets | 22/27 | €8,444 | €2,596 | -€5,848 | -69.3% |
| Leasing and similar rights | 25 | €8,444 | €2,596 | -€5,848 | -69.3% |
| Financial fixed assets | 28 | €1,572,900 | €1,540,494 | -€32,406 | -2.1% |
| Current assets | 29/58 | €424,275 | €694,731 | +€270,455 | +63.7% |
| Amounts receivable within one year | 40/41 | €387,226 | €672,994 | +€285,767 | +73.8% |
| Trade receivables | 40 | €159,077 | €466,783 | +€307,706 | +193.4% |
| Other amounts receivable | 41 | €228,149 | €206,210 | -€21,939 | -9.6% |
| Cash at bank and in hand | 54/58 | €37,049 | €21,737 | -€15,312 | -41.3% |
| Total equity and liabilities | 10/49 | €2,005,620 | €2,237,820 | +€232,201 | +11.6% |
| Equity | 10/15 | €376,148 | €387,036 | +€10,888 | +2.9% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €317,548 | €328,436 | +€10,888 | +3.4% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €311,688 | €322,576 | +€10,888 | +3.5% |
| Amounts payable | 17/49 | €1,629,471 | €1,850,785 | +€221,313 | +13.6% |
| Amounts payable after more than one year | 17 | €2,613 | €0 | -€2,613 | -100.0% |
| Financial debts | 170/4 | €2,613 | €0 | -€2,613 | -100.0% |
| Amounts payable within one year | 42/48 | €1,626,858 | €1,850,785 | +€223,927 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €7,268 | €3,696 | -€3,572 | -49.2% |
| Trade debts | 44 | €40,264 | €154,895 | +€114,631 | +284.7% |
| Suppliers | 440/4 | €40,264 | €154,895 | +€114,631 | +284.7% |
| Taxes, remuneration and social security | 45 | €8,785 | €8,785 | = | 0.0% |
| Taxes | 450/3 | €8,785 | €8,785 | = | 0.0% |
| Other amounts payable | 47/48 | €1,570,541 | €1,683,409 | +€112,868 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,848 | €5,848 | = | 0.0% |
| Other operating charges | 640/8 | €3,394 | €847 | -€2,547 | -75.0% |
| Gross operating margin | 9900 | €65,128 | €28,900 | -€36,228 | -55.6% |
| Operating profit (loss) | 9901 | €55,885 | €22,205 | -€33,680 | -60.3% |
| Financial income | 75/76B | €338 | - | -€338 | |
| Recurring financial income | 75 | €338 | - | -€338 | |
| Financial charges | 65/66B | €4,432 | €2,451 | -€1,981 | -44.7% |
| Recurring financial charges | 65 | €4,432 | €2,451 | -€1,981 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €51,791 | €19,754 | -€32,038 | -61.9% |
| Income taxes | 67/77 | €18,785 | €8,866 | -€9,919 | -52.8% |
| Profit (loss) for the period | 9904 | €33,007 | €10,888 | -€22,119 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,007 | €10,888 | -€22,119 | -67.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.