VERJO METAL: 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.
VERJO METAL
Largest movements
- Receivables within one year +€35,044
up €35,044 (+589%), from €5,953 to €40,996
of which Trade receivables: +€36,109
- Tangible fixed assets +€12,410
up €12,410 (+8.4%), from €148,345 to €160,756
of which Plant, machinery and equipment: +€25,815
- Stocks and contracts -€9,803
down €9,803 (-31.4%), from €31,267 to €21,463
of which Stocks: -€6,712
- Reserves +€34,846
up €34,846 (+433%), from €8,045 to €42,891
of which Distributable reserves: +€34,846
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Short-term financial debts -€13,314
down €13,314 (-65.6%), from €20,291 to €6,977
- Other debts -€11,713
down €11,713 (-39.1%), from €29,942 to €18,229
- Trade debts -€10,660
down €10,660 (-46.7%), from €22,837 to €12,177
- Gross operating margin +€46,760
up €46,760 (+163%), from €28,639 to €75,400
- Taxes +€5,544
up €5,544 (+13,860,000%), from €0 to €5,544
- Staff costs +€4,684
up €4,684 (+422%), from €1,111 to €5,795
- Depreciation +€4,206
up €4,206 (+29.1%), from €14,432 to €18,638
- Financial charges -€2,186
down €2,186 (-27.9%), from €7,839 to €5,653
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 | €188,623 | €226,364 | +€37,741 | +20.0% |
| Fixed assets | 21/28 | €148,345 | €160,756 | +€12,410 | +8.4% |
| Tangible fixed assets | 22/27 | €148,345 | €160,756 | +€12,410 | +8.4% |
| Land and buildings | 22 | €138,646 | €127,163 | -€11,483 | -8.3% |
| Plant, machinery and equipment | 23 | €2,250 | €28,066 | +€25,815 | +1,147% |
| Furniture and vehicles | 24 | €7,449 | €5,527 | -€1,922 | -25.8% |
| Current assets | 29/58 | €40,278 | €65,608 | +€25,330 | +62.9% |
| Stocks and contracts in progress | 3 | €31,267 | €21,463 | -€9,803 | -31.4% |
| Stocks | 30/36 | €23,176 | €16,463 | -€6,712 | -29.0% |
| Contracts in progress | 37 | €8,091 | €5,000 | -€3,091 | -38.2% |
| Amounts receivable within one year | 40/41 | €5,953 | €40,996 | +€35,044 | +589% |
| Trade receivables | 40 | €3,489 | €39,598 | +€36,109 | +1,035% |
| Other amounts receivable | 41 | €2,464 | €1,398 | -€1,066 | -43.3% |
| Cash at bank and in hand | 54/58 | €825 | €666 | -€160 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,233 | €2,483 | +€250 | +11.2% |
| Total equity and liabilities | 10/49 | €188,623 | €226,364 | +€37,741 | +20.0% |
| Equity | 10/15 | €26,645 | €61,491 | +€34,846 | +131% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,045 | €42,891 | +€34,846 | +433% |
| Tax-exempt reserves | 132 | €2,941 | €2,941 | = | 0.0% |
| Distributable reserves | 133 | €5,105 | €39,950 | +€34,846 | +683% |
| Amounts payable | 17/49 | €161,978 | €164,872 | +€2,895 | +1.8% |
| Amounts payable after more than one year | 17 | €64,593 | €66,598 | +€2,004 | +3.1% |
| Financial debts | 170/4 | €64,593 | €66,598 | +€2,004 | +3.1% |
| Amounts payable within one year | 42/48 | €97,384 | €68,275 | -€29,109 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €23,206 | €24,327 | +€1,122 | +4.8% |
| Financial debts | 43 | €20,291 | €6,977 | -€13,314 | -65.6% |
| Credit institutions | 430/8 | €20,291 | €6,977 | -€13,314 | -65.6% |
| Trade debts | 44 | €22,837 | €12,177 | -€10,660 | -46.7% |
| Suppliers | 440/4 | €22,837 | €12,177 | -€10,660 | -46.7% |
| Taxes, remuneration and social security | 45 | €1,108 | €6,565 | +€5,456 | +492% |
| Taxes | 450/3 | - | €5,544 | +€5,544 | |
| Remuneration and social security | 454/9 | €1,108 | €1,021 | -€88 | -7.9% |
| Other amounts payable | 47/48 | €29,942 | €18,229 | -€11,713 | -39.1% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Non-recurring operating income | 76A | €413 | €2,188 | +€1,775 | +429% |
| Remuneration, social security and pensions | 62 | €1,111 | €5,795 | +€4,684 | +422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,432 | €18,638 | +€4,206 | +29.1% |
| Other operating charges | 640/8 | €4,099 | €4,984 | +€885 | +21.6% |
| Gross operating margin | 9900 | €28,639 | €75,400 | +€46,760 | +163% |
| Operating profit (loss) | 9901 | €8,997 | €45,983 | +€36,985 | +411% |
| Financial income | 75/76B | €101 | €60 | -€41 | -40.7% |
| Recurring financial income | 75 | €101 | €60 | -€41 | -40.7% |
| Financial charges | 65/66B | €7,839 | €5,653 | -€2,186 | -27.9% |
| Recurring financial charges | 65 | €7,839 | €5,653 | -€2,186 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €1,259 | €40,390 | +€39,131 | +3,107% |
| Income taxes | 67/77 | €0 | €5,544 | +€5,544 | +13,860,000% |
| Profit (loss) for the period | 9904 | €1,259 | €34,846 | +€33,587 | +2,667% |
| Profit (loss) for the period to be appropriated | 9905 | €1,259 | €34,846 | +€33,587 | +2,667% |
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.