VERUMAT: 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.
VERUMAT
Largest movements
- Receivables within one year +€63,200
up €63,200 (+458%), from €13,789 to €76,989
of which Trade receivables: +€42,938
- Cash -€21,953
down €21,953 (-8.0%), from €275,612 to €253,659
mainly Contributions, distributions and other (-€122,198) and Receivables within one year (-€63,200)
- Other debts +€105,081
up €105,081 (+78.0%), from €134,638 to €239,719
- Reserves -€57,893
down €57,893 (-47.4%), from €122,198 to €64,305
- Tax, wage and social debts -€12,250
down €12,250 (-90.7%), from €13,510 to €1,259
- Trade debts +€5,647
up €5,647 (+315%), from €1,790 to €7,437
- Gross operating margin -€20,678
down €20,678 (-19.8%), from €104,626 to €83,948
- Taxes -€5,080
down €5,080 (-22.7%), from €22,394 to €17,313
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 | €291,958 | €332,542 | +€40,584 | +13.9% |
| Fixed assets | 21/28 | €2,557 | €1,894 | -€663 | -25.9% |
| Tangible fixed assets | 22/27 | €2,557 | €1,894 | -€663 | -25.9% |
| Land and buildings | 22 | €2,414 | €1,894 | -€520 | -21.5% |
| Furniture and vehicles | 24 | €143 | - | -€143 | |
| Current assets | 29/58 | €289,401 | €330,648 | +€41,247 | +14.3% |
| Amounts receivable within one year | 40/41 | €13,789 | €76,989 | +€63,200 | +458% |
| Trade receivables | 40 | €11,276 | €54,214 | +€42,938 | +381% |
| Other amounts receivable | 41 | €2,513 | €22,775 | +€20,262 | +806% |
| Cash at bank and in hand | 54/58 | €275,612 | €253,659 | -€21,953 | -8.0% |
| Total equity and liabilities | 10/49 | €291,958 | €332,542 | +€40,584 | +13.9% |
| Equity | 10/15 | €132,198 | €74,305 | -€57,893 | -43.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €122,198 | €64,305 | -€57,893 | -47.4% |
| Distributable reserves | 133 | €122,198 | €64,305 | -€57,893 | -47.4% |
| Amounts payable | 17/49 | €159,760 | €258,237 | +€98,477 | +61.6% |
| Amounts payable within one year | 42/48 | €149,938 | €248,415 | +€98,477 | +65.7% |
| Trade debts | 44 | €1,790 | €7,437 | +€5,647 | +315% |
| Suppliers | 440/4 | €1,790 | €7,437 | +€5,647 | +315% |
| Taxes, remuneration and social security | 45 | €13,510 | €1,259 | -€12,250 | -90.7% |
| Taxes | 450/3 | €13,510 | €1,259 | -€12,250 | -90.7% |
| Other amounts payable | 47/48 | €134,638 | €239,719 | +€105,081 | +78.0% |
| Accrued charges and deferred income | 492/3 | €9,821 | €9,821 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €169 | +€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €663 | -€147 | -18.1% |
| Other operating charges | 640/8 | €784 | €1,383 | +€599 | +76.4% |
| Gross operating margin | 9900 | €104,626 | €83,948 | -€20,678 | -19.8% |
| Operating profit (loss) | 9901 | €103,033 | €81,733 | -€21,300 | -20.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €42 | €114 | +€72 | +172% |
| Recurring financial charges | 65 | €42 | €114 | +€72 | +172% |
| Profit (loss) for the period before taxes | 9903 | €102,991 | €81,619 | -€21,372 | -20.8% |
| Income taxes | 67/77 | €22,394 | €17,313 | -€5,080 | -22.7% |
| Profit (loss) for the period | 9904 | €80,597 | €64,305 | -€16,292 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,597 | €64,305 | -€16,292 | -20.2% |
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 1 November 2026 via checked.be.