VERUS: 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.
VERUS
Largest movements
- Cash +€45,627
up €45,627 (+1300.7%), from €3,508 to €49,135
mainly Depreciation (+€34,374) and Net result for the year (+€19,820)
- Tangible fixed assets -€34,374
down €34,374 (-17.0%), from €202,445 to €168,071
of which Land and buildings: -€33,272
- Receivables within one year +€5,416
up €5,416 (+35.0%), from €15,495 to €20,912
of which Trade receivables: +€4,420
- Profit (loss) carried forward +€19,820
up €19,820 (+8.0%), from -€247,078 to -€227,258
- Trade debts +€5,264
up €5,264 (+40.6%), from €12,954 to €18,218
- Current portion of long-term debt -€4,889
down €4,889 (-100.0%), from €4,889 to €0
- Other debts -€3,517
down €3,517 (-4.4%), from €80,358 to €76,841
- Gross operating margin +€67,932
up €67,932, from -€9,801 to €58,131
- Financial charges -€3,410
down €3,410 (-80.2%), from €4,250 to €840
- Other operating charges -€638
down €638 (-16.5%), from €3,868 to €3,230
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 | €221,498 | €238,167 | +€16,669 | +7.5% |
| Fixed assets | 21/28 | €202,495 | €168,121 | -€34,374 | -17.0% |
| Tangible fixed assets | 22/27 | €202,445 | €168,071 | -€34,374 | -17.0% |
| Land and buildings | 22 | €200,909 | €167,637 | -€33,272 | -16.6% |
| Plant, machinery and equipment | 23 | €1,536 | €434 | -€1,102 | -71.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €19,003 | €70,046 | +€51,043 | +268.6% |
| Amounts receivable within one year | 40/41 | €15,495 | €20,912 | +€5,416 | +35.0% |
| Trade receivables | 40 | €15,495 | €19,915 | +€4,420 | +28.5% |
| Other amounts receivable | 41 | €0 | €997 | +€997 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,508 | €49,135 | +€45,627 | +1300.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €221,498 | €238,167 | +€16,669 | +7.5% |
| Equity | 10/15 | €118,368 | €138,188 | +€19,820 | +16.7% |
| Contributions | 10/11 | €298,165 | €298,165 | = | 0.0% |
| Reserves | 13 | €67,281 | €67,281 | = | 0.0% |
| Distributable reserves | 133 | €67,281 | €67,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,078 | -€227,258 | +€19,820 | +8.0% |
| Provisions and deferred taxes | 16 | €3,226 | €3,182 | -€44 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €3,226 | €3,182 | -€44 | -1.4% |
| Other liabilities and charges | 164/5 | €3,226 | €3,182 | -€44 | -1.4% |
| Amounts payable | 17/49 | €99,904 | €96,797 | -€3,107 | -3.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €99,904 | €96,797 | -€3,107 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €4,889 | €0 | -€4,889 | -100.0% |
| Trade debts | 44 | €12,954 | €18,218 | +€5,264 | +40.6% |
| Suppliers | 440/4 | €12,954 | €18,218 | +€5,264 | +40.6% |
| Taxes, remuneration and social security | 45 | €1,703 | €1,738 | +€35 | +2.0% |
| Taxes | 450/3 | €1,703 | €1,738 | +€35 | +2.0% |
| Other amounts payable | 47/48 | €80,358 | €76,841 | -€3,517 | -4.4% |
| Non-recurring operating income | 76A | €999 | €0 | -€999 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,732 | €34,374 | -€357 | -1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €304 | -€44 | -€348 | |
| Other operating charges | 640/8 | €3,868 | €3,230 | -€638 | -16.5% |
| Gross operating margin | 9900 | -€9,801 | €58,131 | +€67,932 | |
| Operating profit (loss) | 9901 | -€48,704 | €20,571 | +€69,275 | |
| Financial income | 75/76B | €903 | €436 | -€466 | -51.7% |
| Recurring financial income | 75 | €903 | €436 | -€466 | -51.7% |
| Financial charges | 65/66B | €4,250 | €840 | -€3,410 | -80.2% |
| Recurring financial charges | 65 | €4,250 | €840 | -€3,410 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,051 | €20,167 | +€72,218 | |
| Income taxes | 67/77 | €407 | €347 | -€60 | -14.7% |
| Profit (loss) for the period | 9904 | -€52,458 | €19,820 | +€72,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,458 | €19,820 | +€72,278 |
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.