VERLABREED: 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.
VERLABREED
Largest movements
- Tangible fixed assets -€38,771
down €38,771 (-3.4%), from €1.1m to €1.1m
- Receivables within one year +€33,641
up €33,641 (+8.3%), from €405,908 to €439,549
of which Other amounts receivable: +€49,899
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€8,843
down €8,843 (-46.0%), from €19,211 to €10,368
of which Financial income: -€8,287
- Gross operating margin +€6,361
up €6,361 (+28.4%), from €22,420 to €28,781
- Taxes -€3,344
down €3,344, from €1,409 to -€1,934
- Depreciation -€1,212
down €1,212 (-3.0%), from €39,983 to €38,771
- Other operating charges -€600
down €600 (-15.2%), from €3,961 to €3,361
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,704,143 | €1,701,499 | -€2,644 | -0.2% |
| Fixed assets | 21/28 | €1,298,214 | €1,259,442 | -€38,771 | -3.0% |
| Tangible fixed assets | 22/27 | €1,146,891 | €1,108,120 | -€38,771 | -3.4% |
| Land and buildings | 22 | €1,146,891 | €1,108,120 | -€38,771 | -3.4% |
| Financial fixed assets | 28 | €151,322 | €151,322 | = | 0.0% |
| Current assets | 29/58 | €405,929 | €442,057 | +€36,127 | +8.9% |
| Amounts receivable within one year | 40/41 | €405,908 | €439,549 | +€33,641 | +8.3% |
| Trade receivables | 40 | €20,534 | €4,275 | -€16,258 | -79.2% |
| Other amounts receivable | 41 | €385,374 | €435,273 | +€49,899 | +12.9% |
| Deferred charges and accrued income | 490/1 | €22 | €2,508 | +€2,486 | +11,500% |
| Total equity and liabilities | 10/49 | €1,704,143 | €1,701,499 | -€2,644 | -0.2% |
| Equity | 10/15 | €1,697,151 | €1,696,094 | -€1,057 | -0.1% |
| Contributions | 10/11 | €1,478,528 | €1,478,528 | = | 0.0% |
| Capital | 10 | €1,478,528 | €1,478,528 | = | 0.0% |
| Issued capital | 100 | €1,478,528 | €1,478,528 | = | 0.0% |
| Reserves | 13 | €160,247 | €160,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147,853 | €147,853 | = | 0.0% |
| Legal reserve | 130 | €147,853 | €147,853 | = | 0.0% |
| Distributable reserves | 133 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,376 | €57,319 | -€1,057 | -1.8% |
| Amounts payable | 17/49 | €6,992 | €5,405 | -€1,587 | -22.7% |
| Amounts payable within one year | 42/48 | €742 | €755 | +€13 | +1.7% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €742 | €742 | = | 0.0% |
| Taxes | 450/3 | €742 | €742 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,250 | €4,650 | -€1,600 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,983 | €38,771 | -€1,212 | -3.0% |
| Other operating charges | 640/8 | €3,961 | €3,361 | -€600 | -15.2% |
| Gross operating margin | 9900 | €22,420 | €28,781 | +€6,361 | +28.4% |
| Operating profit (loss) | 9901 | -€21,524 | -€13,351 | +€8,173 | +38.0% |
| Financial income | 75/76B | €19,211 | €10,368 | -€8,843 | -46.0% |
| Recurring financial income | 75 | €18,651 | €10,364 | -€8,287 | -44.4% |
| Non-recurring financial income | 76B | €560 | €3 | -€556 | -99.4% |
| Financial charges | 65/66B | €8 | €8 | = | 0.0% |
| Recurring financial charges | 65 | €8 | €8 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,321 | -€2,991 | -€670 | -28.9% |
| Income taxes | 67/77 | €1,409 | -€1,934 | -€3,344 | |
| Profit (loss) for the period | 9904 | -€3,731 | -€1,057 | +€2,674 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,731 | -€1,057 | +€2,674 | +71.7% |
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.