Verilar: 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.
Verilar
Largest movements
- Tangible fixed assets -€92,640
down €92,640 (-8.8%), from €1.0m to €954,141
of which Land and buildings: -€46,862
- Cash +€15,103
up €15,103 (+169%), from €8,927 to €24,029
mainly Depreciation (+€95,336) and Receivables within one year (+€3,693)
- Reserves -€44,529
down €44,529 (-8.5%), from €526,241 to €481,713
of which Tax-exempt reserves: -€44,529
- Provisions -€22,929
down €22,929 (-12.5%), from €183,293 to €160,364
- Debts after one year -€19,373
down €19,373 (-9.3%), from €207,348 to €187,975
- Profit (loss) carried forward +€13,716
up €13,716 (+18.7%), from -€73,306 to -€59,589
- Gross operating margin +€7,423
up €7,423 (+15.2%), from €48,857 to €56,281
- Depreciation -€2,945
down €2,945 (-3.0%), from €98,281 to €95,336
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 | €1,063,850 | €982,620 | -€81,230 | -7.6% |
| Fixed assets | 21/28 | €1,047,159 | €954,519 | -€92,640 | -8.8% |
| Tangible fixed assets | 22/27 | €1,046,781 | €954,141 | -€92,640 | -8.8% |
| Land and buildings | 22 | €791,312 | €744,449 | -€46,862 | -5.9% |
| Plant, machinery and equipment | 23 | €248,688 | €209,376 | -€39,312 | -15.8% |
| Furniture and vehicles | 24 | €6,782 | €316 | -€6,466 | -95.3% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €16,691 | €28,101 | +€11,410 | +68.4% |
| Amounts receivable within one year | 40/41 | €7,764 | €4,071 | -€3,693 | -47.6% |
| Trade receivables | 40 | €4,513 | €710 | -€3,803 | -84.3% |
| Other amounts receivable | 41 | €3,251 | €3,361 | +€110 | +3.4% |
| Cash at bank and in hand | 54/58 | €8,927 | €24,029 | +€15,103 | +169% |
| Total equity and liabilities | 10/49 | €1,063,850 | €982,620 | -€81,230 | -7.6% |
| Equity | 10/15 | €589,277 | €558,465 | -€30,812 | -5.2% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €526,241 | €481,713 | -€44,529 | -8.5% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Tax-exempt reserves | 132 | €393,183 | €348,655 | -€44,529 | -11.3% |
| Distributable reserves | 133 | €119,424 | €119,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,306 | -€59,589 | +€13,716 | +18.7% |
| Provisions and deferred taxes | 16 | €183,293 | €160,364 | -€22,929 | -12.5% |
| Deferred taxes | 168 | €183,293 | €160,364 | -€22,929 | -12.5% |
| Amounts payable | 17/49 | €291,280 | €263,791 | -€27,489 | -9.4% |
| Amounts payable after more than one year | 17 | €207,348 | €187,975 | -€19,373 | -9.3% |
| Financial debts | 170/4 | €207,348 | €187,975 | -€19,373 | -9.3% |
| Amounts payable within one year | 42/48 | €82,036 | €74,941 | -€7,095 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €19,086 | €19,373 | +€286 | +1.5% |
| Trade debts | 44 | €334 | €232 | -€102 | -30.5% |
| Suppliers | 440/4 | €334 | €232 | -€102 | -30.5% |
| Taxes, remuneration and social security | 45 | €3,462 | €903 | -€2,558 | -73.9% |
| Taxes | 450/3 | €1,162 | €903 | -€258 | -22.2% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €59,153 | €54,432 | -€4,721 | -8.0% |
| Accrued charges and deferred income | 492/3 | €1,897 | €875 | -€1,022 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,281 | €95,336 | -€2,945 | -3.0% |
| Other operating charges | 640/8 | €7,719 | €7,960 | +€241 | +3.1% |
| Gross operating margin | 9900 | €48,857 | €56,281 | +€7,423 | +15.2% |
| Operating profit (loss) | 9901 | -€57,143 | -€47,016 | +€10,127 | +17.7% |
| Financial income | 75/76B | €127 | €128 | +€1 | +0.6% |
| Recurring financial income | 75 | €127 | €128 | +€1 | +0.6% |
| Financial charges | 65/66B | €7,060 | €6,853 | -€207 | -2.9% |
| Recurring financial charges | 65 | €7,060 | €6,853 | -€207 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,076 | -€53,741 | +€10,335 | +16.1% |
| Transfer from deferred taxes | 780 | €22,928 | €22,929 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | -€41,148 | -€30,812 | +€10,336 | +25.1% |
| Transfer from tax-exempt reserves | 789 | €44,527 | €44,529 | +€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,379 | €13,716 | +€10,337 | +306% |
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.