VERFAILLIE ELECTRO: 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.
VERFAILLIE ELECTRO
Largest movements
- Receivables within one year -€17,692
down €17,692 (-24.0%), from €73,671 to €55,979
of which Trade receivables: -€11,805
- Cash +€6,680
up €6,680 (+9.6%), from €69,898 to €76,578
mainly Receivables within one year (+€17,692) and Depreciation (+€3,729)
- Tangible fixed assets -€3,729
down €3,729 (-51.1%), from €7,292 to €3,563
of which Furniture and vehicles: -€3,560
- Tax, wage and social debts -€10,511
no longer reported in 2025 (was €10,511)
- Trade debts -€5,911
down €5,911 (-69.1%), from €8,556 to €2,645
- Current portion of long-term debt -€4,955
no longer reported in 2025 (was €4,955)
- Short-term financial debts +€3,668
new in 2025: €3,668
- Reserves +€3,653
up €3,653 (+3.0%), from €123,403 to €127,056
of which Distributable reserves: +€3,653
- Gross operating margin -€7,496
down €7,496 (-39.9%), from €18,809 to €11,313
- Taxes -€5,978
down €5,978 (-61.6%), from €9,711 to €3,733
- Financial income -€4,366
down €4,366 (-74.5%), from €5,861 to €1,495
- Other operating charges +€411
up €411 (+36.8%), from €1,116 to €1,527
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 | €154,224 | €139,686 | -€14,538 | -9.4% |
| Fixed assets | 21/28 | €7,292 | €3,563 | -€3,729 | -51.1% |
| Tangible fixed assets | 22/27 | €7,292 | €3,563 | -€3,729 | -51.1% |
| Plant, machinery and equipment | 23 | €289 | €120 | -€169 | -58.5% |
| Furniture and vehicles | 24 | €7,003 | €3,443 | -€3,560 | -50.8% |
| Current assets | 29/58 | €146,932 | €136,123 | -€10,809 | -7.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,671 | €55,979 | -€17,692 | -24.0% |
| Trade receivables | 40 | €11,805 | - | -€11,805 | |
| Other amounts receivable | 41 | €61,866 | €55,979 | -€5,887 | -9.5% |
| Cash at bank and in hand | 54/58 | €69,898 | €76,578 | +€6,680 | +9.6% |
| Deferred charges and accrued income | 490/1 | €863 | €1,066 | +€203 | +23.5% |
| Total equity and liabilities | 10/49 | €154,224 | €139,686 | -€14,538 | -9.4% |
| Equity | 10/15 | €129,919 | €133,322 | +€3,403 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,403 | €127,056 | +€3,653 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,800 | €7,800 | = | 0.0% |
| Distributable reserves | 133 | €113,743 | €117,396 | +€3,653 | +3.2% |
| Profit (loss) carried forward | 14 | €316 | €66 | -€250 | -79.1% |
| Amounts payable | 17/49 | €24,305 | €6,364 | -€17,941 | -73.8% |
| Amounts payable within one year | 42/48 | €24,305 | €6,364 | -€17,941 | -73.8% |
| Current portion of amounts payable after more than one year | 42 | €4,955 | - | -€4,955 | |
| Financial debts | 43 | - | €3,668 | +€3,668 | |
| Credit institutions | 430/8 | - | €3,668 | +€3,668 | |
| Trade debts | 44 | €8,556 | €2,645 | -€5,911 | -69.1% |
| Suppliers | 440/4 | €8,556 | €2,645 | -€5,911 | -69.1% |
| Taxes, remuneration and social security | 45 | €10,511 | - | -€10,511 | |
| Taxes | 450/3 | €10,511 | - | -€10,511 | |
| Other amounts payable | 47/48 | €283 | €51 | -€232 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,729 | €3,729 | = | 0.0% |
| Other operating charges | 640/8 | €1,116 | €1,527 | +€411 | +36.8% |
| Gross operating margin | 9900 | €18,809 | €11,313 | -€7,496 | -39.9% |
| Operating profit (loss) | 9901 | €13,964 | €6,057 | -€7,907 | -56.6% |
| Financial income | 75/76B | €5,861 | €1,495 | -€4,366 | -74.5% |
| Recurring financial income | 75 | €5,861 | €1,495 | -€4,366 | -74.5% |
| Financial charges | 65/66B | €509 | €415 | -€94 | -18.5% |
| Recurring financial charges | 65 | €509 | €415 | -€94 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €19,316 | €7,137 | -€12,179 | -63.1% |
| Income taxes | 67/77 | €9,711 | €3,733 | -€5,978 | -61.6% |
| Profit (loss) for the period | 9904 | €9,605 | €3,404 | -€6,201 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,605 | €3,404 | -€6,201 | -64.6% |
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 28 October 2026 via checked.be.