VEROSTEP: 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.
VEROSTEP
Largest movements
- Tangible fixed assets -€85,540
down €85,540 (-67.6%), from €126,561 to €41,021
of which Land and buildings: -€71,913
- Cash +€79,343
up €79,343 (+1,256%), from €6,316 to €85,659
mainly Investment in fixed assets (net) (+€72,470) and Receivables within one year (+€34,173)
- Receivables within one year -€34,173
down €34,173 (-77.0%), from €44,408 to €10,235
of which Trade receivables: -€33,294
- Profit (loss) carried forward -€51,788
down €51,788 (-107%), from -€48,184 to -€99,973
- Trade debts +€3,835
new in 2024: €3,835
- Debts after one year +€3,195
up €3,195 (+3.9%), from €82,675 to €85,870
- Other debts +€1,975
up €1,975 (+2,180%), from €91 to €2,066
- Gross operating margin +€10,333
up €10,333 (+24.7%), from -€41,887 to -€31,554
- Depreciation +€5,088
up €5,088 (+63.7%), from €7,982 to €13,070
- Financial charges +€1,410
up €1,410 (+40.5%), from €3,482 to €4,892
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,286 | €137,058 | -€40,228 | -22.7% |
| Fixed assets | 21/28 | €126,561 | €41,021 | -€85,540 | -67.6% |
| Tangible fixed assets | 22/27 | €126,561 | €41,021 | -€85,540 | -67.6% |
| Land and buildings | 22 | €75,211 | €3,297 | -€71,913 | -95.6% |
| Plant, machinery and equipment | 23 | €4,939 | €1,055 | -€3,883 | -78.6% |
| Furniture and vehicles | 24 | €46,412 | €36,668 | -€9,744 | -21.0% |
| Current assets | 29/58 | €50,724 | €96,037 | +€45,313 | +89.3% |
| Amounts receivable within one year | 40/41 | €44,408 | €10,235 | -€34,173 | -77.0% |
| Trade receivables | 40 | €33,294 | - | -€33,294 | |
| Other amounts receivable | 41 | €11,115 | €10,235 | -€880 | -7.9% |
| Cash at bank and in hand | 54/58 | €6,316 | €85,659 | +€79,343 | +1,256% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €177,286 | €137,058 | -€40,228 | -22.7% |
| Equity | 10/15 | €82,276 | €30,487 | -€51,788 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,860 | €111,860 | = | 0.0% |
| Distributable reserves | 133 | €111,860 | €111,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,184 | -€99,973 | -€51,788 | -107% |
| Amounts payable | 17/49 | €95,010 | €106,571 | +€11,561 | +12.2% |
| Amounts payable after more than one year | 17 | €82,675 | €85,870 | +€3,195 | +3.9% |
| Financial debts | 170/4 | €82,675 | €85,870 | +€3,195 | +3.9% |
| Amounts payable within one year | 42/48 | €12,335 | €20,701 | +€8,366 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €12,244 | €13,590 | +€1,345 | +11.0% |
| Trade debts | 44 | - | €3,835 | +€3,835 | |
| Suppliers | 440/4 | - | €3,835 | +€3,835 | |
| Taxes, remuneration and social security | 45 | - | €1,211 | +€1,211 | |
| Taxes | 450/3 | - | €1,176 | +€1,176 | |
| Remuneration and social security | 454/9 | - | €35 | +€35 | |
| Other amounts payable | 47/48 | €91 | €2,066 | +€1,975 | +2,180% |
| Non-recurring operating income | 76A | - | €45,314 | +€45,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,982 | €13,070 | +€5,088 | +63.7% |
| Other operating charges | 640/8 | €1,964 | €2,133 | +€168 | +8.6% |
| Non-recurring operating charges | 66A | €41 | - | -€41 | |
| Gross operating margin | 9900 | -€41,887 | -€31,554 | +€10,333 | +24.7% |
| Operating profit (loss) | 9901 | -€51,874 | -€46,756 | +€5,118 | +9.9% |
| Financial charges | 65/66B | €3,482 | €4,892 | +€1,410 | +40.5% |
| Recurring financial charges | 65 | €3,482 | €4,892 | +€1,410 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,356 | -€51,649 | +€3,707 | +6.7% |
| Income taxes | 67/77 | -€150 | €140 | +€290 | |
| Profit (loss) for the period | 9904 | -€55,206 | -€51,788 | +€3,418 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,206 | -€51,788 | +€3,418 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.