Team Verlinden: 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.
Team Verlinden
Largest movements
- Cash +€38,887
up €38,887 (+264%), from €14,704 to €53,591
mainly Trade debts (+€32,332) and Depreciation (+€28,656)
- Tangible fixed assets -€23,015
down €23,015 (-24.5%), from €94,033 to €71,018
of which Furniture and vehicles: -€21,658
- Receivables within one year -€5,932
down €5,932 (-18.8%), from €31,501 to €25,569
of which Trade receivables: -€5,320
- Stocks and contracts +€2,370
up €2,370 (+51.6%), from €4,591 to €6,960
- Debts after one year -€38,166
down €38,166 (-53.5%), from €71,331 to €33,165
- Trade debts +€32,332
up €32,332 (+103%), from €31,360 to €63,692
- Current portion of long-term debt +€16,881
new in 2025: €16,881
- Gross operating margin -€37,293
down €37,293 (-52.3%), from €71,299 to €34,006
- Other operating charges -€9,353
down €9,353 (-70.8%), from €13,207 to €3,854
- Taxes -€7,877
down €7,877, from €6,860 to -€1,017
- Depreciation -€897
down €897 (-3.0%), from €29,553 to €28,656
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 | €145,370 | €157,680 | +€12,310 | +8.5% |
| Fixed assets | 21/28 | €94,575 | €71,559 | -€23,015 | -24.3% |
| Tangible fixed assets | 22/27 | €94,033 | €71,018 | -€23,015 | -24.5% |
| Plant, machinery and equipment | 23 | €2,613 | €1,256 | -€1,357 | -51.9% |
| Furniture and vehicles | 24 | €91,420 | €69,761 | -€21,658 | -23.7% |
| Financial fixed assets | 28 | €542 | €542 | = | 0.0% |
| Current assets | 29/58 | €50,795 | €86,120 | +€35,325 | +69.5% |
| Stocks and contracts in progress | 3 | €4,591 | €6,960 | +€2,370 | +51.6% |
| Stocks | 30/36 | €4,591 | €6,960 | +€2,370 | +51.6% |
| Amounts receivable within one year | 40/41 | €31,501 | €25,569 | -€5,932 | -18.8% |
| Trade receivables | 40 | €18,485 | €13,164 | -€5,320 | -28.8% |
| Other amounts receivable | 41 | €13,016 | €12,404 | -€612 | -4.7% |
| Cash at bank and in hand | 54/58 | €14,704 | €53,591 | +€38,887 | +264% |
| Total equity and liabilities | 10/49 | €145,370 | €157,680 | +€12,310 | +8.5% |
| Equity | 10/15 | €39,279 | €39,328 | +€48 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,968 | €47,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €46,109 | €46,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,289 | -€27,241 | +€48 | +0.2% |
| Amounts payable | 17/49 | €106,091 | €118,352 | +€12,261 | +11.6% |
| Amounts payable after more than one year | 17 | €71,331 | €33,165 | -€38,166 | -53.5% |
| Financial debts | 170/4 | €71,331 | €33,165 | -€38,166 | -53.5% |
| Amounts payable within one year | 42/48 | €34,760 | €85,187 | +€50,428 | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €16,881 | +€16,881 | |
| Trade debts | 44 | €31,360 | €63,692 | +€32,332 | +103% |
| Suppliers | 440/4 | €31,360 | €63,692 | +€32,332 | +103% |
| Taxes, remuneration and social security | 45 | €3,400 | €4,614 | +€1,214 | +35.7% |
| Taxes | 450/3 | €2,550 | €4,614 | +€2,064 | +80.9% |
| Remuneration and social security | 454/9 | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,553 | €28,656 | -€897 | -3.0% |
| Other operating charges | 640/8 | €13,207 | €3,854 | -€9,353 | -70.8% |
| Non-recurring operating charges | 66A | €14,049 | - | -€14,049 | |
| Gross operating margin | 9900 | €71,299 | €34,006 | -€37,293 | -52.3% |
| Operating profit (loss) | 9901 | €14,490 | €1,497 | -€12,994 | -89.7% |
| Financial income | 75/76B | €7 | €301 | +€294 | +4,109% |
| Recurring financial income | 75 | €7 | €301 | +€294 | +4,109% |
| Financial charges | 65/66B | €3,154 | €2,766 | -€387 | -12.3% |
| Recurring financial charges | 65 | €3,154 | €2,766 | -€387 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €11,344 | -€968 | -€12,312 | |
| Income taxes | 67/77 | €6,860 | -€1,017 | -€7,877 | |
| Profit (loss) for the period | 9904 | €4,484 | €48 | -€4,436 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,484 | €48 | -€4,436 | -98.9% |
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 29 October 2026 via checked.be.