VERULI: 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.
VERULI
Largest movements
- Cash +€21,519
up €21,519 (+13.6%), from €158,754 to €180,273
mainly Net result for the year (+€38,879) and Other debts (+€7,550)
- Reserves +€20,929
up €20,929 (+10.3%), from €204,094 to €225,022
of which Distributable reserves: +€20,929
- Other debts +€7,550
up €7,550 (+72.6%), from €10,400 to €17,950
- Trade debts +€6,762
up €6,762 (+16.5%), from €40,963 to €47,725
- Debts after one year -€4,488
down €4,488 (-40.0%), from €11,223 to €6,736
- Gross operating margin -€17,438
down €17,438 (-12.5%), from €139,151 to €121,712
- Staff costs -€7,817
down €7,817 (-12.7%), from €61,453 to €53,636
- Taxes -€3,191
down €3,191 (-16.0%), from €19,939 to €16,749
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,501 | €316,014 | +€28,514 | +9.9% |
| Fixed assets | 21/28 | €33,166 | €35,294 | +€2,129 | +6.4% |
| Tangible fixed assets | 22/27 | €32,437 | €34,566 | +€2,129 | +6.6% |
| Plant, machinery and equipment | 23 | €8,807 | €6,572 | -€2,235 | -25.4% |
| Furniture and vehicles | 24 | €1,475 | €1,663 | +€188 | +12.7% |
| Other tangible fixed assets | 26 | €22,155 | €26,331 | +€4,176 | +18.8% |
| Financial fixed assets | 28 | €728 | €728 | = | 0.0% |
| Current assets | 29/58 | €254,335 | €280,720 | +€26,385 | +10.4% |
| Stocks and contracts in progress | 3 | €59,210 | €61,350 | +€2,140 | +3.6% |
| Stocks | 30/36 | €59,210 | €61,350 | +€2,140 | +3.6% |
| Amounts receivable within one year | 40/41 | €18,348 | €17,960 | -€388 | -2.1% |
| Trade receivables | 40 | €2,882 | €1,850 | -€1,032 | -35.8% |
| Other amounts receivable | 41 | €15,466 | €16,109 | +€644 | +4.2% |
| Cash at bank and in hand | 54/58 | €158,754 | €180,273 | +€21,519 | +13.6% |
| Deferred charges and accrued income | 490/1 | €18,023 | €21,137 | +€3,114 | +17.3% |
| Total equity and liabilities | 10/49 | €287,501 | €316,014 | +€28,514 | +9.9% |
| Equity | 10/15 | €210,294 | €231,222 | +€20,929 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,094 | €225,022 | +€20,929 | +10.3% |
| Tax-exempt reserves | 132 | €444 | €444 | = | 0.0% |
| Distributable reserves | 133 | €203,650 | €224,579 | +€20,929 | +10.3% |
| Amounts payable | 17/49 | €77,207 | €84,792 | +€7,585 | +9.8% |
| Amounts payable after more than one year | 17 | €11,223 | €6,736 | -€4,488 | -40.0% |
| Financial debts | 170/4 | €11,223 | €6,736 | -€4,488 | -40.0% |
| Amounts payable within one year | 42/48 | €65,983 | €78,056 | +€12,073 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €4,276 | €4,488 | +€211 | +4.9% |
| Trade debts | 44 | €40,963 | €47,725 | +€6,762 | +16.5% |
| Suppliers | 440/4 | €40,963 | €47,725 | +€6,762 | +16.5% |
| Taxes, remuneration and social security | 45 | €10,344 | €7,894 | -€2,451 | -23.7% |
| Taxes | 450/3 | €6,345 | €1,777 | -€4,568 | -72.0% |
| Remuneration and social security | 454/9 | €3,999 | €6,116 | +€2,117 | +52.9% |
| Other amounts payable | 47/48 | €10,400 | €17,950 | +€7,550 | +72.6% |
| Remuneration, social security and pensions | 62 | €61,453 | €53,636 | -€7,817 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,863 | €5,699 | +€836 | +17.2% |
| Other operating charges | 640/8 | €1,488 | €1,494 | +€6 | +0.4% |
| Gross operating margin | 9900 | €139,151 | €121,712 | -€17,438 | -12.5% |
| Operating profit (loss) | 9901 | €71,347 | €60,883 | -€10,464 | -14.7% |
| Financial income | 75/76B | €457 | €742 | +€284 | +62.1% |
| Recurring financial income | 75 | €457 | €742 | +€284 | +62.1% |
| Financial charges | 65/66B | €6,129 | €5,997 | -€131 | -2.1% |
| Recurring financial charges | 65 | €6,129 | €5,997 | -€131 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €65,676 | €55,627 | -€10,048 | -15.3% |
| Income taxes | 67/77 | €19,939 | €16,749 | -€3,191 | -16.0% |
| Profit (loss) for the period | 9904 | €45,736 | €38,879 | -€6,858 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,736 | €38,879 | -€6,858 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.