VeroTech: 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.
VeroTech
Largest movements
- Receivables after one year -€780,000
down €780,000 (-61.4%), from €1.3m to €490,500
- Cash +€670,368
up €670,368 (+96.0%), from €698,159 to €1.4m
mainly Receivables after one year (+€780,000) and Receivables within one year (+€335,110)
- Receivables within one year -€335,110
down €335,110 (-14.7%), from €2.3m to €1.9m
of which Trade receivables: -€376,512
- Other debts -€792,590
down €792,590 (-96.9%), from €818,266 to €25,675
- Reserves +€313,353
up €313,353 (+16,847%), from €1,860 to €315,213
of which Distributable reserves: +€313,353
- Trade debts +€185,689
up €185,689 (+18.7%), from €991,357 to €1.2m
- Tax, wage and social debts -€165,488
down €165,488 (-25.5%), from €647,901 to €482,412
of which Remuneration and social security: -€206,992
- Gross operating margin -€474,521
down €474,521 (-7.7%), from €6.2m to €5.7m
- Staff costs -€405,172
down €405,172 (-7.3%), from €5.5m to €5.1m
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 | €4,318,018 | €3,858,981 | -€459,037 | -10.6% |
| Fixed assets | 21/28 | €69,661 | €55,366 | -€14,295 | -20.5% |
| Tangible fixed assets | 22/27 | €49,758 | €35,463 | -€14,295 | -28.7% |
| Plant, machinery and equipment | 23 | €6,036 | €3,321 | -€2,716 | -45.0% |
| Furniture and vehicles | 24 | €1,419 | €946 | -€473 | -33.3% |
| Other tangible fixed assets | 26 | €42,303 | €31,196 | -€11,107 | -26.3% |
| Financial fixed assets | 28 | €19,903 | €19,903 | = | 0.0% |
| Current assets | 29/58 | €4,248,357 | €3,803,615 | -€444,742 | -10.5% |
| Amounts receivable after more than one year | 29 | €1,270,500 | €490,500 | -€780,000 | -61.4% |
| Other amounts receivable | 291 | €1,270,500 | €490,500 | -€780,000 | -61.4% |
| Amounts receivable within one year | 40/41 | €2,279,448 | €1,944,338 | -€335,110 | -14.7% |
| Trade receivables | 40 | €2,207,586 | €1,831,073 | -€376,512 | -17.1% |
| Other amounts receivable | 41 | €71,862 | €113,264 | +€41,402 | +57.6% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €698,159 | €1,368,528 | +€670,368 | +96.0% |
| Total equity and liabilities | 10/49 | €4,318,018 | €3,858,981 | -€459,037 | -10.6% |
| Equity | 10/15 | €1,860,495 | €2,173,848 | +€313,353 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €315,213 | +€313,353 | +16,847% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €313,353 | +€313,353 | |
| Profit (loss) carried forward | 14 | €1,840,035 | €1,840,035 | = | 0.0% |
| Amounts payable | 17/49 | €2,457,523 | €1,685,133 | -€772,390 | -31.4% |
| Amounts payable within one year | 42/48 | €2,457,523 | €1,685,133 | -€772,390 | -31.4% |
| Trade debts | 44 | €991,357 | €1,177,046 | +€185,689 | +18.7% |
| Suppliers | 440/4 | €991,357 | €1,177,046 | +€185,689 | +18.7% |
| Taxes, remuneration and social security | 45 | €647,901 | €482,412 | -€165,488 | -25.5% |
| Taxes | 450/3 | €39,349 | €80,853 | +€41,504 | +105% |
| Remuneration and social security | 454/9 | €608,551 | €401,559 | -€206,992 | -34.0% |
| Other amounts payable | 47/48 | €818,266 | €25,675 | -€792,590 | -96.9% |
| Remuneration, social security and pensions | 62 | €5,540,773 | €5,135,601 | -€405,172 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,836 | €14,295 | +€2,459 | +20.8% |
| Other operating charges | 640/8 | €10,543 | €10,065 | -€478 | -4.5% |
| Gross operating margin | 9900 | €6,201,463 | €5,726,942 | -€474,521 | -7.7% |
| Operating profit (loss) | 9901 | €638,312 | €566,982 | -€71,330 | -11.2% |
| Financial income | 75/76B | €436 | €265 | -€172 | -39.3% |
| Recurring financial income | 75 | €436 | €265 | -€172 | -39.3% |
| Financial charges | 65/66B | €32,924 | €58,074 | +€25,150 | +76.4% |
| Recurring financial charges | 65 | €32,924 | €58,074 | +€25,150 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €605,824 | €509,173 | -€96,652 | -16.0% |
| Income taxes | 67/77 | €200,965 | €195,820 | -€5,145 | -2.6% |
| Profit (loss) for the period | 9904 | €404,860 | €313,353 | -€91,507 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €404,860 | €313,353 | -€91,507 | -22.6% |
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 15 October 2026 via checked.be.