VERELLEN: what changed
What changed
VERELLEN
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
-€18,600
2024 · €8,898-€27,498
Equity
€387,901
2024 · €406,502-€18,600
Cash
€107,504
2024 · €78,761+€28,743
Balance sheet total
€516,142
2024 · €519,754-€3,612
Largest movements
Assets
- Receivables within one year -€31,996
down €31,996 (-27.4%), from €116,673 to €84,676
of which Trade receivables: -€33,217
- Cash +€28,743
up €28,743 (+36.5%), from €78,761 to €107,504
mainly Receivables within one year (+€31,996) and Depreciation (+€10,648)
Equity and liabilities
- Profit (loss) carried forward -€18,600
down €18,600 (-113%), from -€16,403 to -€35,003
- Trade debts +€9,183
up €9,183 (+17,993%), from €51 to €9,234
- Other debts +€5,721
up €5,721 (+5.1%), from €113,201 to €118,922
Income statement
- Gross operating margin -€25,713
down €25,713, from €21,130 to -€4,583
- Depreciation +€1,781
up €1,781 (+20.1%), from €8,867 to €10,648
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
€8,898
Gross operating margin
-€25,713
Depreciation
-€1,781
Other operating charges
-€100
Financial income
+€113
Financial charges
-€17
Result 2025
-€18,600
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
+€38,743
Investment
-€10,000
Financing
€0
Cash 2024
€78,761
From operations (derived)
+€38,743
Net result for the year
-€18,600
Depreciation
+€10,648
Receivables within one year
+€31,996
Deferred charges and accrued income
-€290
Trade debts
+€9,183
Tax, wage and social debts
+€84
Other debts
+€5,721
Investment (derived)
-€10,000
Investment in fixed assets (net)
-€10,000
Cash 2025
€107,504
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,754 | €516,142 | -€3,612 | -0.7% |
| Fixed assets | 21/28 | €77,960 | €77,312 | -€648 | -0.8% |
| Tangible fixed assets | 22/27 | €77,687 | €77,039 | -€648 | -0.8% |
| Land and buildings | 22 | €75,153 | €67,489 | -€7,664 | -10.2% |
| Plant, machinery and equipment | 23 | €2,534 | €1,331 | -€1,204 | -47.5% |
| Furniture and vehicles | 24 | - | €8,219 | +€8,219 | |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €441,794 | €438,830 | -€2,964 | -0.7% |
| Stocks and contracts in progress | 3 | €60,672 | €60,672 | = | 0.0% |
| Stocks | 30/36 | €60,672 | €60,672 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,673 | €84,676 | -€31,996 | -27.4% |
| Trade receivables | 40 | €57,825 | €24,608 | -€33,217 | -57.4% |
| Other amounts receivable | 41 | €58,848 | €60,068 | +€1,220 | +2.1% |
| Current investments | 50/53 | €184,667 | €184,667 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,761 | €107,504 | +€28,743 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,022 | €1,311 | +€290 | +28.4% |
| Total equity and liabilities | 10/49 | €519,754 | €516,142 | -€3,612 | -0.7% |
| Equity | 10/15 | €406,502 | €387,901 | -€18,600 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €404,312 | €404,312 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,250 | €37,250 | = | 0.0% |
| Distributable reserves | 133 | €367,062 | €367,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,403 | -€35,003 | -€18,600 | -113% |
| Amounts payable | 17/49 | €113,252 | €128,241 | +€14,989 | +13.2% |
| Amounts payable within one year | 42/48 | €113,252 | €128,241 | +€14,989 | +13.2% |
| Trade debts | 44 | €51 | €9,234 | +€9,183 | +17,993% |
| Suppliers | 440/4 | €51 | €9,234 | +€9,183 | +17,993% |
| Taxes, remuneration and social security | 45 | - | €84 | +€84 | |
| Taxes | 450/3 | - | €84 | +€84 | |
| Other amounts payable | 47/48 | €113,201 | €118,922 | +€5,721 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,867 | €10,648 | +€1,781 | +20.1% |
| Other operating charges | 640/8 | €3,220 | €3,320 | +€100 | +3.1% |
| Gross operating margin | 9900 | €21,130 | -€4,583 | -€25,713 | |
| Operating profit (loss) | 9901 | €9,043 | -€18,551 | -€27,594 | |
| Financial income | 75/76B | €3 | €116 | +€113 | +3,663% |
| Recurring financial income | 75 | €3 | €116 | +€113 | +3,663% |
| Financial charges | 65/66B | €149 | €165 | +€17 | +11.3% |
| Recurring financial charges | 65 | €149 | €165 | +€17 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €8,898 | -€18,600 | -€27,498 | |
| Profit (loss) for the period | 9904 | €8,898 | -€18,600 | -€27,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,898 | -€18,600 | -€27,498 |
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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 4 November 2026 via checked.be.