VERRAES LAW: 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.
VERRAES LAW
Largest movements
- Receivables within one year +€50,644
up €50,644 (+162%), from €31,353 to €81,997
of which Trade receivables: +€28,737
- Current investments -€29,163
down €29,163 (-67.9%), from €42,956 to €13,793
- Cash +€10,980
up €10,980 (+18.6%), from €59,056 to €70,036
mainly Net result for the year (+€29,724) and Current investments (+€29,163)
- Tangible fixed assets +€6,133
up €6,133, from €0 to €6,133
- Deferred charges and accrued income +€2,318
up €2,318 (+177%), from €1,309 to €3,628
- Reserves +€29,724
up €29,724 (+26.8%), from €110,968 to €140,692
- Trade debts +€9,052
up €9,052 (+391%), from €2,316 to €11,367
- Tax, wage and social debts +€2,000
up €2,000 (+33.3%), from €6,006 to €8,006
- Gross operating margin +€17,168
up €17,168 (+63.5%), from €27,023 to €44,190
- Taxes +€6,125
up €6,125 (+69.8%), from €8,781 to €14,906
- Financial income +€3,694
up €3,694 (+923%), from €400 to €4,094
- Write-downs -€1,593
down €1,593 (-100%), from €1,593 to €0
- Other operating charges +€730
up €730 (+247%), from €295 to €1,025
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.
Derived cash bridge
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 | €134,811 | €175,587 | +€40,776 | +30.2% |
| Fixed assets | 21/28 | €137 | €6,133 | +€5,995 | +4,370% |
| Intangible fixed assets | 21 | €137 | €0 | -€137 | -100% |
| Tangible fixed assets | 22/27 | €0 | €6,133 | +€6,133 | |
| Furniture and vehicles | 24 | €0 | €6,133 | +€6,133 | |
| Current assets | 29/58 | €134,674 | €169,454 | +€34,780 | +25.8% |
| Amounts receivable within one year | 40/41 | €31,353 | €81,997 | +€50,644 | +162% |
| Trade receivables | 40 | €22,674 | €51,411 | +€28,737 | +127% |
| Other amounts receivable | 41 | €8,679 | €30,586 | +€21,907 | +252% |
| Current investments | 50/53 | €42,956 | €13,793 | -€29,163 | -67.9% |
| Cash at bank and in hand | 54/58 | €59,056 | €70,036 | +€10,980 | +18.6% |
| Deferred charges and accrued income | 490/1 | €1,309 | €3,628 | +€2,318 | +177% |
| Total equity and liabilities | 10/49 | €134,811 | €175,587 | +€40,776 | +30.2% |
| Equity | 10/15 | €123,368 | €153,092 | +€29,724 | +24.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,968 | €140,692 | +€29,724 | +26.8% |
| Distributable reserves | 133 | €110,968 | €140,692 | +€29,724 | +26.8% |
| Amounts payable | 17/49 | €11,443 | €22,495 | +€11,052 | +96.6% |
| Amounts payable within one year | 42/48 | €11,443 | €22,495 | +€11,052 | +96.6% |
| Trade debts | 44 | €2,316 | €11,367 | +€9,052 | +391% |
| Suppliers | 440/4 | €2,316 | €11,367 | +€9,052 | +391% |
| Advances received on contracts in progress | 46 | €3,121 | €3,121 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,006 | €8,006 | +€2,000 | +33.3% |
| Taxes | 450/3 | €6,006 | €8,006 | +€2,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €1,379 | +€696 | +102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,593 | €0 | -€1,593 | -100% |
| Other operating charges | 640/8 | €295 | €1,025 | +€730 | +247% |
| Gross operating margin | 9900 | €27,023 | €44,190 | +€17,168 | +63.5% |
| Operating profit (loss) | 9901 | €24,451 | €41,786 | +€17,335 | +70.9% |
| Financial income | 75/76B | €400 | €4,094 | +€3,694 | +923% |
| Recurring financial income | 75 | €400 | €4,094 | +€3,694 | +923% |
| Financial charges | 65/66B | €529 | €1,250 | +€721 | +136% |
| Recurring financial charges | 65 | €529 | €1,250 | +€721 | +136% |
| Profit (loss) for the period before taxes | 9903 | €24,322 | €44,631 | +€20,308 | +83.5% |
| Income taxes | 67/77 | €8,781 | €14,906 | +€6,125 | +69.8% |
| Profit (loss) for the period | 9904 | €15,541 | €29,724 | +€14,183 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,541 | €29,724 | +€14,183 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.