Groep Verlinden: what changed
What changed
Groep Verlinden
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€167,502
2024 · €152,437+€15,065
Equity
€453,978
2024 · €436,476+€17,502
Cash
€151,794
2024 · €212,909-€61,115
Balance sheet total
€784,433
2024 · €865,948-€81,514
Largest movements
Assets
- Intangible fixed assets -€72,459
down €72,459 (-22.9%), from €316,751 to €244,292
- Cash -€61,115
down €61,115 (-28.7%), from €212,909 to €151,794
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€69,739)
- Current investments +€60,000
up €60,000 (+25.0%), from €240,000 to €300,000
Equity and liabilities
- Debts after one year -€69,739
down €69,739 (-24.6%), from €283,145 to €213,406
- Trade debts -€27,222
down €27,222 (-90.7%), from €30,015 to €2,793
- Reserves +€17,502
up €17,502 (+4.2%), from €417,876 to €435,378
Income statement
- Staff costs -€18,373
down €18,373 (-7.8%), from €235,065 to €216,692
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€152,437
Gross operating margin
-€4,733
Staff costs
+€18,373
Depreciation
-€223
Other operating charges
+€387
Financial income
+€1,919
Financial charges
+€3,812
Taxes
-€4,468
Result 2025
€167,502
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€217,938
Investment
-€60,000
Financing
-€219,052
Cash 2024
€212,909
From operations (derived)
+€217,938
Net result for the year
+€167,502
Depreciation
+€77,817
Receivables within one year
+€2,583
Trade debts
-€27,222
Tax, wage and social debts
+€1,103
Advances received
-€3,845
Investment (derived)
-€60,000
Current investments
-€60,000
Financing
-€219,052
Debts after one year
-€69,739
Current portion of long-term debt
+€687
Contributions, distributions and other
-€150,000
Cash 2025
€151,794
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €865,948 | €784,433 | -€81,514 | -9.4% |
| Fixed assets | 21/28 | €342,140 | €264,323 | -€77,817 | -22.7% |
| Intangible fixed assets | 21 | €316,751 | €244,292 | -€72,459 | -22.9% |
| Tangible fixed assets | 22/27 | €25,389 | €20,031 | -€5,358 | -21.1% |
| Plant, machinery and equipment | 23 | €6,384 | €4,715 | -€1,669 | -26.1% |
| Furniture and vehicles | 24 | €6,899 | €5,067 | -€1,833 | -26.6% |
| Other tangible fixed assets | 26 | €12,105 | €10,249 | -€1,857 | -15.3% |
| Current assets | 29/58 | €523,808 | €520,110 | -€3,698 | -0.7% |
| Amounts receivable within one year | 40/41 | €69,684 | €67,101 | -€2,583 | -3.7% |
| Trade receivables | 40 | €68,201 | €62,351 | -€5,850 | -8.6% |
| Other amounts receivable | 41 | €1,484 | €4,751 | +€3,267 | +220% |
| Current investments | 50/53 | €240,000 | €300,000 | +€60,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €212,909 | €151,794 | -€61,115 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,215 | = | 0.0% |
| Total equity and liabilities | 10/49 | €865,948 | €784,433 | -€81,514 | -9.4% |
| Equity | 10/15 | €436,476 | €453,978 | +€17,502 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €417,876 | €435,378 | +€17,502 | +4.2% |
| Distributable reserves | 133 | €417,876 | €435,378 | +€17,502 | +4.2% |
| Amounts payable | 17/49 | €429,472 | €330,455 | -€99,017 | -23.1% |
| Amounts payable after more than one year | 17 | €283,145 | €213,406 | -€69,739 | -24.6% |
| Financial debts | 170/4 | €283,145 | €213,406 | -€69,739 | -24.6% |
| Amounts payable within one year | 42/48 | €146,327 | €117,049 | -€29,278 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €69,052 | €69,739 | +€687 | +1.0% |
| Trade debts | 44 | €30,015 | €2,793 | -€27,222 | -90.7% |
| Suppliers | 440/4 | €30,015 | €2,793 | -€27,222 | -90.7% |
| Advances received on contracts in progress | 46 | €20,541 | €16,696 | -€3,845 | -18.7% |
| Taxes, remuneration and social security | 45 | €26,718 | €27,821 | +€1,103 | +4.1% |
| Taxes | 450/3 | - | €4,537 | +€4,537 | |
| Remuneration and social security | 454/9 | €26,718 | €23,284 | -€3,434 | -12.9% |
| Remuneration, social security and pensions | 62 | €235,065 | €216,692 | -€18,373 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,593 | €77,817 | +€223 | +0.3% |
| Other operating charges | 640/8 | €697 | €310 | -€387 | -55.5% |
| Gross operating margin | 9900 | €524,837 | €520,105 | -€4,733 | -0.9% |
| Operating profit (loss) | 9901 | €211,482 | €225,285 | +€13,803 | +6.5% |
| Financial income | 75/76B | €6,647 | €8,566 | +€1,919 | +28.9% |
| Recurring financial income | 75 | €6,647 | €8,566 | +€1,919 | +28.9% |
| Financial charges | 65/66B | €7,505 | €3,693 | -€3,812 | -50.8% |
| Recurring financial charges | 65 | €7,505 | €3,693 | -€3,812 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €210,625 | €230,158 | +€19,534 | +9.3% |
| Income taxes | 67/77 | €58,188 | €62,656 | +€4,468 | +7.7% |
| Profit (loss) for the period | 9904 | €152,437 | €167,502 | +€15,065 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,437 | €167,502 | +€15,065 | +9.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.