VEROTEX: 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.
VEROTEX
Largest movements
- Cash -€16,186
down €16,186 (-80.2%), from €20,188 to €4,002
mainly Investment in fixed assets (net) (-€16,910) and Contributions, distributions and other (-€7,628)
- Tangible fixed assets +€14,162
up €14,162 (+199.4%), from €7,101 to €21,264
of which Other tangible fixed assets: +€11,858
- Receivables within one year +€3,536
up €3,536 (+111.1%), from €3,184 to €6,720
- Stocks and contracts -€1,835
down €1,835 (-9.4%), from €19,581 to €17,746
- Deferred charges and accrued income -€1,153
no longer reported in 2025 (was €1,153)
- Tax, wage and social debts +€9,086
up €9,086 (+51.0%), from €17,822 to €26,908
of which Remuneration and social security: +€5,615
- Trade debts -€6,486
down €6,486 (-57.8%), from €11,214 to €4,728
- Other debts -€4,077
down €4,077 (-73.2%), from €5,572 to €1,495
- Gross operating margin +€23,824
up €23,824 (+158.8%), from €15,000 to €38,824
- Staff costs +€19,540
up €19,540 (+788.8%), from €2,477 to €22,018
- Depreciation +€1,267
up €1,267 (+85.5%), from €1,481 to €2,748
- Financial income +€1,196
up €1,196 (+750.4%), from €159 to €1,355
- Other operating charges -€999
down €999 (-78.6%), from €1,271 to €273
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 | €56,107 | €54,632 | -€1,476 | -2.6% |
| Fixed assets | 21/28 | €12,001 | €26,164 | +€14,162 | +118.0% |
| Tangible fixed assets | 22/27 | €7,101 | €21,264 | +€14,162 | +199.4% |
| Plant, machinery and equipment | 23 | €113 | €338 | +€225 | +199.1% |
| Furniture and vehicles | 24 | €1,085 | €3,164 | +€2,079 | +191.6% |
| Other tangible fixed assets | 26 | €5,903 | €17,762 | +€11,858 | +200.9% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €44,106 | €28,468 | -€15,638 | -35.5% |
| Stocks and contracts in progress | 3 | €19,581 | €17,746 | -€1,835 | -9.4% |
| Stocks | 30/36 | €19,581 | €17,746 | -€1,835 | -9.4% |
| Amounts receivable within one year | 40/41 | €3,184 | €6,720 | +€3,536 | +111.1% |
| Trade receivables | 40 | €3,184 | €6,720 | +€3,536 | +111.1% |
| Cash at bank and in hand | 54/58 | €20,188 | €4,002 | -€16,186 | -80.2% |
| Deferred charges and accrued income | 490/1 | €1,153 | - | -€1,153 | |
| Total equity and liabilities | 10/49 | €56,107 | €54,632 | -€1,476 | -2.6% |
| Equity | 10/15 | €21,500 | €21,500 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable | 17/49 | €34,607 | €33,132 | -€1,476 | -4.3% |
| Amounts payable within one year | 42/48 | €34,607 | €33,132 | -€1,476 | -4.3% |
| Trade debts | 44 | €11,214 | €4,728 | -€6,486 | -57.8% |
| Suppliers | 440/4 | €11,214 | €4,728 | -€6,486 | -57.8% |
| Taxes, remuneration and social security | 45 | €17,822 | €26,908 | +€9,086 | +51.0% |
| Taxes | 450/3 | €16,816 | €20,288 | +€3,472 | +20.6% |
| Remuneration and social security | 454/9 | €1,006 | €6,620 | +€5,615 | +558.4% |
| Other amounts payable | 47/48 | €5,572 | €1,495 | -€4,077 | -73.2% |
| Remuneration, social security and pensions | 62 | €2,477 | €22,018 | +€19,540 | +788.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,481 | €2,748 | +€1,267 | +85.5% |
| Other operating charges | 640/8 | €1,271 | €273 | -€999 | -78.6% |
| Non-recurring operating charges | 66A | - | €2,106 | +€2,106 | |
| Gross operating margin | 9900 | €15,000 | €38,824 | +€23,824 | +158.8% |
| Operating profit (loss) | 9901 | €9,770 | €11,680 | +€1,910 | +19.5% |
| Financial income | 75/76B | €159 | €1,355 | +€1,196 | +750.4% |
| Recurring financial income | 75 | €159 | €1,355 | +€1,196 | +750.4% |
| Financial charges | 65/66B | €1,371 | €2,142 | +€771 | +56.2% |
| Recurring financial charges | 65 | €1,371 | €2,142 | +€771 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €8,559 | €10,894 | +€2,335 | +27.3% |
| Income taxes | 67/77 | €2,882 | €3,266 | +€384 | +13.3% |
| Profit (loss) for the period | 9904 | €5,677 | €7,628 | +€1,951 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,677 | €7,628 | +€1,951 | +34.4% |
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 3 October 2026 via checked.be.