ET. VERLIE: 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.
ET. VERLIE
Largest movements
- Receivables within one year -€53,199
down €53,199 (-7.2%), from €737,976 to €684,778
of which Trade receivables: -€56,554
- Profit (loss) carried forward -€95,342
down €95,342 (-99.5%), from €95,792 to €450
- Trade debts +€27,634
up €27,634 (+57.8%), from €47,790 to €75,424
- Other operating charges +€44,860
up €44,860 (+9251.5%), from €485 to €45,345
- Gross operating margin -€22,852
down €22,852, from €8,856 to -€13,997
- Financial charges +€7,926
up €7,926 (+28.2%), from €28,075 to €36,001
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,663 | €829,465 | -€53,199 | -6.0% |
| Fixed assets | 21/28 | €132,187 | €132,187 | = | 0.0% |
| Tangible fixed assets | 22/27 | €132,187 | €132,187 | = | 0.0% |
| Land and buildings | 22 | €132,187 | €132,187 | = | 0.0% |
| Current assets | 29/58 | €750,476 | €697,278 | -€53,199 | -7.1% |
| Amounts receivable within one year | 40/41 | €737,976 | €684,778 | -€53,199 | -7.2% |
| Trade receivables | 40 | €56,554 | - | -€56,554 | |
| Other amounts receivable | 41 | €681,422 | €684,778 | +€3,356 | +0.5% |
| Deferred charges and accrued income | 490/1 | €12,500 | €12,500 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €882,663 | €829,465 | -€53,199 | -6.0% |
| Equity | 10/15 | €282,191 | €186,849 | -€95,342 | -33.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €155,412 | €155,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €152,314 | €152,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,792 | €450 | -€95,342 | -99.5% |
| Amounts payable | 17/49 | €600,472 | €642,616 | +€42,144 | +7.0% |
| Amounts payable after more than one year | 17 | €31,724 | €37,724 | +€6,000 | +18.9% |
| Other amounts payable | 178/9 | €31,724 | €37,724 | +€6,000 | +18.9% |
| Amounts payable within one year | 42/48 | €568,748 | €603,373 | +€34,625 | +6.1% |
| Financial debts | 43 | €520,958 | €527,949 | +€6,991 | +1.3% |
| Credit institutions | 430/8 | €520,958 | €527,949 | +€6,991 | +1.3% |
| Trade debts | 44 | €47,790 | €75,424 | +€27,634 | +57.8% |
| Suppliers | 440/4 | €47,790 | €75,424 | +€27,634 | +57.8% |
| Accrued charges and deferred income | 492/3 | - | €1,519 | +€1,519 | |
| Other operating charges | 640/8 | €485 | €45,345 | +€44,860 | +9251.5% |
| Gross operating margin | 9900 | €8,856 | -€13,997 | -€22,852 | |
| Operating profit (loss) | 9901 | €8,371 | -€59,341 | -€67,712 | |
| Financial charges | 65/66B | €28,075 | €36,001 | +€7,926 | +28.2% |
| Recurring financial charges | 65 | €28,075 | €36,001 | +€7,926 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,704 | -€95,342 | -€75,638 | -383.9% |
| Profit (loss) for the period | 9904 | -€19,704 | -€95,342 | -€75,638 | -383.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,704 | -€95,342 | -€75,638 | -383.9% |
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 10 October 2026 via checked.be.