NEW VERLAC: 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.
NEW VERLAC
Largest movements
- Tangible fixed assets -€112,867
down €112,867 (-19.4%), from €581,142 to €468,274
of which Plant, machinery and equipment: -€92,884
- Receivables within one year -€78,188
down €78,188 (-43.0%), from €181,902 to €103,714
of which Trade receivables: -€78,617
- Stocks and contracts -€24,629
down €24,629 (-29.7%), from €82,841 to €58,213
- Other debts -€269,205
down €269,205 (-94.4%), from €285,252 to €16,046
- Debts after one year +€236,464
up €236,464 (+99.4%), from €237,866 to €474,329
- Profit (loss) carried forward -€83,201
down €83,201 (-1,217%), from -€6,835 to -€90,036
- Trade debts -€80,654
down €80,654 (-69.7%), from €115,795 to €35,141
- Current portion of long-term debt -€22,406
no longer reported in 2025 (was €22,406)
- Depreciation +€56,910
up €56,910 (+86.9%), from €65,518 to €122,428
- Gross operating margin +€25,242
up €25,242 (+8.2%), from €307,295 to €332,537
- Other operating charges +€6,336
up €6,336 (+67.2%), from €9,430 to €15,766
- Write-downs +€4,178
new in 2025: €4,178
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 | €884,310 | €661,381 | -€222,929 | -25.2% |
| Fixed assets | 21/28 | €585,212 | €473,172 | -€112,040 | -19.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €581,142 | €468,274 | -€112,867 | -19.4% |
| Land and buildings | 22 | €182,679 | €178,878 | -€3,801 | -2.1% |
| Plant, machinery and equipment | 23 | €351,705 | €258,821 | -€92,884 | -26.4% |
| Furniture and vehicles | 24 | €46,758 | €30,576 | -€16,182 | -34.6% |
| Financial fixed assets | 28 | €4,070 | €4,898 | +€828 | +20.3% |
| Current assets | 29/58 | €299,098 | €188,209 | -€110,889 | -37.1% |
| Stocks and contracts in progress | 3 | €82,841 | €58,213 | -€24,629 | -29.7% |
| Stocks | 30/36 | €82,841 | €58,213 | -€24,629 | -29.7% |
| Amounts receivable within one year | 40/41 | €181,902 | €103,714 | -€78,188 | -43.0% |
| Trade receivables | 40 | €181,454 | €102,837 | -€78,617 | -43.3% |
| Other amounts receivable | 41 | €449 | €877 | +€429 | +95.6% |
| Cash at bank and in hand | 54/58 | €31,141 | €26,282 | -€4,859 | -15.6% |
| Deferred charges and accrued income | 490/1 | €3,214 | - | -€3,214 | |
| Total equity and liabilities | 10/49 | €884,310 | €661,381 | -€222,929 | -25.2% |
| Equity | 10/15 | €177,956 | €88,696 | -€89,260 | -50.2% |
| Contributions | 10/11 | €108,550 | €108,550 | = | 0.0% |
| Capital | 10 | €108,550 | €108,550 | = | 0.0% |
| Issued capital | 100 | €108,550 | €108,550 | = | 0.0% |
| Reserves | 13 | €52,855 | €52,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,855 | €10,855 | = | 0.0% |
| Legal reserve | 130 | €10,855 | €10,855 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,835 | -€90,036 | -€83,201 | -1,217% |
| Investment grants | 15 | €23,385 | €17,326 | -€6,059 | -25.9% |
| Amounts payable | 17/49 | €706,354 | €572,685 | -€133,669 | -18.9% |
| Amounts payable after more than one year | 17 | €237,866 | €474,329 | +€236,464 | +99.4% |
| Other amounts payable | 178/9 | €237,866 | €474,329 | +€236,464 | +99.4% |
| Amounts payable within one year | 42/48 | €468,489 | €98,356 | -€370,133 | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €22,406 | - | -€22,406 | |
| Trade debts | 44 | €115,795 | €35,141 | -€80,654 | -69.7% |
| Suppliers | 440/4 | €115,795 | €35,141 | -€80,654 | -69.7% |
| Taxes, remuneration and social security | 45 | €45,036 | €47,169 | +€2,133 | +4.7% |
| Taxes | 450/3 | €9,840 | €23,361 | +€13,520 | +137% |
| Remuneration and social security | 454/9 | €35,196 | €23,808 | -€11,388 | -32.4% |
| Other amounts payable | 47/48 | €285,252 | €16,046 | -€269,205 | -94.4% |
| Non-recurring operating income | 76A | €55 | - | -€55 | |
| Remuneration, social security and pensions | 62 | €274,588 | €271,764 | -€2,824 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,518 | €122,428 | +€56,910 | +86.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,178 | +€4,178 | |
| Other operating charges | 640/8 | €9,430 | €15,766 | +€6,336 | +67.2% |
| Gross operating margin | 9900 | €307,295 | €332,537 | +€25,242 | +8.2% |
| Operating profit (loss) | 9901 | -€42,242 | -€81,600 | -€39,358 | -93.2% |
| Financial income | 75/76B | €8,124 | €6,059 | -€2,065 | -25.4% |
| Recurring financial income | 75 | €8,124 | €6,059 | -€2,065 | -25.4% |
| Financial charges | 65/66B | €5,013 | €7,660 | +€2,647 | +52.8% |
| Recurring financial charges | 65 | €5,013 | €7,660 | +€2,647 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€39,131 | -€83,201 | -€44,070 | -113% |
| Profit (loss) for the period | 9904 | -€39,131 | -€83,201 | -€44,070 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,131 | -€83,201 | -€44,070 | -113% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.