VERILIN: 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.
VERILIN
Largest movements
- Cash +€353,648
up €353,648 (+46.9%), from €754,276 to €1.1m
mainly Net result for the year (+€349,417) and Current investments (+€266,443)
- Current investments -€266,443
down €266,443 (-75.9%), from €351,089 to €84,646
- Tangible fixed assets -€41,696
down €41,696 (-16.7%), from €249,627 to €207,930
of which Furniture and vehicles: -€23,928
- Deferred charges and accrued income -€30,360
down €30,360 (-27.0%), from €112,630 to €82,270
- Reserves +€349,417
up €349,417 (+32.7%), from €1.1m to €1.4m
of which Distributable reserves: +€349,417
- Other debts -€237,914
down €237,914 (-100%), from €237,914 to €0
- Trade debts -€66,026
down €66,026 (-33.0%), from €200,218 to €134,192
- Tax, wage and social debts -€22,441
down €22,441 (-27.6%), from €81,306 to €58,865
of which Taxes: -€22,141
- Staff costs +€112,702
up €112,702 (+16.0%), from €703,254 to €815,956
- Gross operating margin +€53,923
up €53,923 (+4.1%), from €1.3m to €1.4m
- Taxes +€42,070
up €42,070 (+44.6%), from €94,324 to €136,394
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 | €1,971,048 | €1,998,162 | +€27,115 | +1.4% |
| Fixed assets | 21/28 | €249,957 | €208,261 | -€41,696 | -16.7% |
| Tangible fixed assets | 22/27 | €249,627 | €207,930 | -€41,696 | -16.7% |
| Plant, machinery and equipment | 23 | €118,366 | €105,261 | -€13,105 | -11.1% |
| Furniture and vehicles | 24 | €64,780 | €40,853 | -€23,928 | -36.9% |
| Other tangible fixed assets | 26 | €66,480 | €61,817 | -€4,664 | -7.0% |
| Financial fixed assets | 28 | €331 | €331 | = | 0.0% |
| Current assets | 29/58 | €1,721,090 | €1,789,902 | +€68,811 | +4.0% |
| Stocks and contracts in progress | 3 | €58,761 | €64,405 | +€5,644 | +9.6% |
| Stocks | 30/36 | €58,761 | €64,405 | +€5,644 | +9.6% |
| Amounts receivable within one year | 40/41 | €444,333 | €450,656 | +€6,323 | +1.4% |
| Trade receivables | 40 | €323,919 | €259,156 | -€64,763 | -20.0% |
| Other amounts receivable | 41 | €120,414 | €191,500 | +€71,086 | +59.0% |
| Current investments | 50/53 | €351,089 | €84,646 | -€266,443 | -75.9% |
| Cash at bank and in hand | 54/58 | €754,276 | €1,107,925 | +€353,648 | +46.9% |
| Deferred charges and accrued income | 490/1 | €112,630 | €82,270 | -€30,360 | -27.0% |
| Total equity and liabilities | 10/49 | €1,971,048 | €1,998,162 | +€27,115 | +1.4% |
| Equity | 10/15 | €1,228,103 | €1,577,519 | +€349,417 | +28.5% |
| Contributions | 10/11 | €161,000 | €161,000 | = | 0.0% |
| Capital | 10 | €161,000 | €161,000 | = | 0.0% |
| Issued capital | 100 | €161,000 | €161,000 | = | 0.0% |
| Reserves | 13 | €1,067,103 | €1,416,519 | +€349,417 | +32.7% |
| Non-distributable reserves | 130/1 | €66,089 | €66,089 | = | 0.0% |
| Legal reserve | 130 | €16,100 | €16,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Own shares acquired | 1312 | €49,964 | €49,964 | = | 0.0% |
| Distributable reserves | 133 | €1,001,013 | €1,350,430 | +€349,417 | +34.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €742,945 | €420,643 | -€322,302 | -43.4% |
| Amounts payable within one year | 42/48 | €742,945 | €420,643 | -€322,302 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €200,218 | €134,192 | -€66,026 | -33.0% |
| Suppliers | 440/4 | €200,218 | €134,192 | -€66,026 | -33.0% |
| Advances received on contracts in progress | 46 | €223,507 | €227,586 | +€4,079 | +1.8% |
| Taxes, remuneration and social security | 45 | €81,306 | €58,865 | -€22,441 | -27.6% |
| Taxes | 450/3 | €55,663 | €33,522 | -€22,141 | -39.8% |
| Remuneration and social security | 454/9 | €25,644 | €25,343 | -€300 | -1.2% |
| Other amounts payable | 47/48 | €237,914 | €0 | -€237,914 | -100% |
| Remuneration, social security and pensions | 62 | €703,254 | €815,956 | +€112,702 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,466 | €60,082 | -€384 | -0.6% |
| Other operating charges | 640/8 | €3,864 | €3,884 | +€20 | +0.5% |
| Gross operating margin | 9900 | €1,304,780 | €1,358,703 | +€53,923 | +4.1% |
| Operating profit (loss) | 9901 | €537,196 | €478,780 | -€58,416 | -10.9% |
| Financial income | 75/76B | €10,227 | €11,094 | +€867 | +8.5% |
| Recurring financial income | 75 | €10,227 | €11,094 | +€867 | +8.5% |
| Financial charges | 65/66B | €3,529 | €4,064 | +€535 | +15.2% |
| Recurring financial charges | 65 | €3,529 | €4,064 | +€535 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €543,894 | €485,810 | -€58,084 | -10.7% |
| Income taxes | 67/77 | €94,324 | €136,394 | +€42,070 | +44.6% |
| Profit (loss) for the period | 9904 | €449,570 | €349,417 | -€100,154 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €449,570 | €349,417 | -€100,154 | -22.3% |
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 13 October 2026 via checked.be.