VERLACO: 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.
VERLACO
Largest movements
- Current investments +€125,000
up €125,000 (+100.0%), from €125,000 to €250,000
- Financial fixed assets +€70,000
new in 2025: €70,000
- Cash +€45,079
up €45,079 (+273.2%), from €16,499 to €61,578
mainly Net result for the year (+€157,646) and Receivables within one year (+€37,086)
- Receivables within one year -€37,086
down €37,086 (-35.5%), from €104,576 to €67,489
of which Trade receivables: -€37,782
- Tangible fixed assets -€37,050
down €37,050 (-90.9%), from €40,758 to €3,708
of which Other tangible fixed assets: -€20,249
- Reserves +€155,980
up €155,980 (+64.7%), from €241,026 to €397,006
- Tax, wage and social debts +€12,090
up €12,090 (+82.2%), from €14,716 to €26,806
- Gross operating margin +€174,747
up €174,747 (+289.1%), from €60,440 to €235,187
- Taxes +€63,222
up €63,222 (+428.0%), from €14,771 to €77,993
- Depreciation -€5,145
down €5,145 (-76.7%), from €6,712 to €1,567
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.
Cash bridge derived
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 | €289,136 | €453,644 | +€164,508 | +56.9% |
| Fixed assets | 21/28 | €40,758 | €73,708 | +€32,950 | +80.8% |
| Tangible fixed assets | 22/27 | €40,758 | €3,708 | -€37,050 | -90.9% |
| Land and buildings | 22 | €16,750 | €1,152 | -€15,598 | -93.1% |
| Plant, machinery and equipment | 23 | €3,410 | €2,556 | -€854 | -25.0% |
| Furniture and vehicles | 24 | €349 | - | -€349 | |
| Other tangible fixed assets | 26 | €20,249 | - | -€20,249 | |
| Financial fixed assets | 28 | - | €70,000 | +€70,000 | |
| Current assets | 29/58 | €248,379 | €379,936 | +€131,558 | +53.0% |
| Amounts receivable within one year | 40/41 | €104,576 | €67,489 | -€37,086 | -35.5% |
| Trade receivables | 40 | €103,224 | €65,442 | -€37,782 | -36.6% |
| Other amounts receivable | 41 | €1,351 | €2,047 | +€696 | +51.5% |
| Current investments | 50/53 | €125,000 | €250,000 | +€125,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €16,499 | €61,578 | +€45,079 | +273.2% |
| Deferred charges and accrued income | 490/1 | €2,304 | €870 | -€1,435 | -62.3% |
| Total equity and liabilities | 10/49 | €289,136 | €453,644 | +€164,508 | +56.9% |
| Equity | 10/15 | €259,618 | €415,598 | +€155,980 | +60.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €241,026 | €397,006 | +€155,980 | +64.7% |
| Distributable reserves | 133 | €241,026 | €397,006 | +€155,980 | +64.7% |
| Amounts payable | 17/49 | €29,518 | €38,046 | +€8,528 | +28.9% |
| Amounts payable within one year | 42/48 | €29,518 | €38,046 | +€8,528 | +28.9% |
| Trade debts | 44 | €1,215 | €1,304 | +€89 | +7.3% |
| Suppliers | 440/4 | €1,215 | €1,304 | +€89 | +7.3% |
| Taxes, remuneration and social security | 45 | €14,716 | €26,806 | +€12,090 | +82.2% |
| Taxes | 450/3 | €14,716 | €26,806 | +€12,090 | +82.2% |
| Other amounts payable | 47/48 | €13,588 | €9,936 | -€3,652 | -26.9% |
| Remuneration, social security and pensions | 62 | -€136 | - | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,712 | €1,567 | -€5,145 | -76.7% |
| Other operating charges | 640/8 | €2,952 | €1,173 | -€1,779 | -60.3% |
| Gross operating margin | 9900 | €60,440 | €235,187 | +€174,747 | +289.1% |
| Operating profit (loss) | 9901 | €50,911 | €232,447 | +€181,536 | +356.6% |
| Financial income | 75/76B | €4,499 | €4,565 | +€66 | +1.5% |
| Recurring financial income | 75 | €4,499 | €4,565 | +€66 | +1.5% |
| Financial charges | 65/66B | €1,765 | €1,374 | -€391 | -22.2% |
| Recurring financial charges | 65 | €1,765 | €1,374 | -€391 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €53,646 | €235,639 | +€181,993 | +339.3% |
| Income taxes | 67/77 | €14,771 | €77,993 | +€63,222 | +428.0% |
| Profit (loss) for the period | 9904 | €38,875 | €157,646 | +€118,771 | +305.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,875 | €157,646 | +€118,771 | +305.5% |
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 10 October 2026 via checked.be.