VEROU: 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.
VEROU
Largest movements
- Receivables within one year +€130,825
up €130,825 (+128.0%), from €102,200 to €233,025
of which Trade receivables: +€74,367
- Cash -€105,740
down €105,740 (-82.3%), from €128,526 to €22,786
mainly Receivables within one year (-€130,825) and Other debts (-€16,911)
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Deferred charges and accrued income +€4,770
up €4,770 (+1210.7%), from €394 to €5,164
- Trade debts +€41,185
up €41,185 (+226.6%), from €18,174 to €59,359
- Other debts -€16,911
down €16,911 (-85.1%), from €19,877 to €2,966
- Tax, wage and social debts -€10,417
down €10,417 (-19.7%), from €52,792 to €42,375
of which Taxes: -€11,520
- Profit (loss) carried forward +€3,521
up €3,521 (+2.3%), from €155,312 to €158,833
- Other operating charges +€9,807
up €9,807 (+184.5%), from €5,316 to €15,123
- Financial charges +€4,138
up €4,138 (+89.1%), from €4,642 to €8,780
- Financial income -€3,836
down €3,836 (-91.7%), from €4,184 to €348
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 | €254,210 | €271,588 | +€17,378 | +6.8% |
| Fixed assets | 21/28 | €13,090 | €10,614 | -€2,476 | -18.9% |
| Tangible fixed assets | 22/27 | €6,476 | €4,000 | -€2,476 | -38.2% |
| Furniture and vehicles | 24 | €6,476 | €4,000 | -€2,476 | -38.2% |
| Financial fixed assets | 28 | €6,614 | €6,614 | = | 0.0% |
| Current assets | 29/58 | €241,120 | €260,974 | +€19,854 | +8.2% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €102,200 | €233,025 | +€130,825 | +128.0% |
| Trade receivables | 40 | €95,483 | €169,850 | +€74,367 | +77.9% |
| Other amounts receivable | 41 | €6,717 | €63,175 | +€56,458 | +840.5% |
| Cash at bank and in hand | 54/58 | €128,526 | €22,786 | -€105,740 | -82.3% |
| Deferred charges and accrued income | 490/1 | €394 | €5,164 | +€4,770 | +1210.7% |
| Total equity and liabilities | 10/49 | €254,210 | €271,588 | +€17,378 | +6.8% |
| Equity | 10/15 | €163,367 | €166,888 | +€3,521 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,312 | €158,833 | +€3,521 | +2.3% |
| Amounts payable | 17/49 | €90,843 | €104,700 | +€13,857 | +15.3% |
| Amounts payable within one year | 42/48 | €90,843 | €104,700 | +€13,857 | +15.3% |
| Trade debts | 44 | €18,174 | €59,359 | +€41,185 | +226.6% |
| Suppliers | 440/4 | €18,174 | €59,359 | +€41,185 | +226.6% |
| Taxes, remuneration and social security | 45 | €52,792 | €42,375 | -€10,417 | -19.7% |
| Taxes | 450/3 | €39,401 | €27,881 | -€11,520 | -29.2% |
| Remuneration and social security | 454/9 | €13,391 | €14,494 | +€1,103 | +8.2% |
| Other amounts payable | 47/48 | €19,877 | €2,966 | -€16,911 | -85.1% |
| Remuneration, social security and pensions | 62 | €143,361 | €142,562 | -€799 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,993 | €4,066 | +€73 | +1.8% |
| Other operating charges | 640/8 | €5,316 | €15,123 | +€9,807 | +184.5% |
| Non-recurring operating charges | 66A | - | €673 | +€673 | |
| Gross operating margin | 9900 | €185,591 | €185,643 | +€52 | 0.0% |
| Operating profit (loss) | 9901 | €32,921 | €23,220 | -€9,701 | -29.5% |
| Financial income | 75/76B | €4,184 | €348 | -€3,836 | -91.7% |
| Recurring financial income | 75 | €4,184 | €348 | -€3,836 | -91.7% |
| Financial charges | 65/66B | €4,642 | €8,780 | +€4,138 | +89.1% |
| Recurring financial charges | 65 | €4,642 | €8,780 | +€4,138 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €32,463 | €14,788 | -€17,675 | -54.4% |
| Income taxes | 67/77 | €12,934 | €11,267 | -€1,667 | -12.9% |
| Profit (loss) for the period | 9904 | €19,529 | €3,521 | -€16,008 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,529 | €3,521 | -€16,008 | -82.0% |
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 4 October 2026 via checked.be.