VERLACOM: what changed
Two fiscal 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.
VERLACOM
Largest movements
- Receivables within one year +€46,378
up €46,378 (+26.4%), from €175,399 to €221,777
of which Trade receivables: +€59,753
- Tangible fixed assets -€45,835
down €45,835 (-84.0%), from €54,577 to €8,742
- Stocks and contracts +€16,708
up €16,708 (+69.3%), from €24,112 to €40,820
of which Contracts in progress: +€11,208
- Deferred charges and accrued income -€10,541
down €10,541 (-64.3%), from €16,385 to €5,844
- Profit (loss) carried forward +€93,731
up €93,731, from -€6,516 to €87,215
- Debts after one year -€35,179
down €35,179 (-28.2%), from €124,684 to €89,505
- Other debts -€25,272
down €25,272 (-95.5%), from €26,452 to €1,180
- Advances received -€18,056
down €18,056 (-100.0%), from €18,056 to €0
- Tax, wage and social debts -€10,831
down €10,831 (-21.7%), from €49,970 to €39,139
of which Remuneration and social security: -€16,934
- Staff costs -€56,876
down €56,876 (-27.1%), from €209,951 to €153,075
- Gross operating margin +€45,908
up €45,908 (+17.4%), from €264,474 to €310,382
- Taxes +€31,226
up €31,226 (+222.8%), from €14,012 to €45,239
- Other operating charges +€3,465
up €3,465 (+94.3%), from €3,673 to €7,138
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 | €354,716 | €362,201 | +€7,485 | +2.1% |
| Fixed assets | 21/28 | €58,327 | €12,492 | -€45,835 | -78.6% |
| Tangible fixed assets | 22/27 | €54,577 | €8,742 | -€45,835 | -84.0% |
| Furniture and vehicles | 24 | €54,577 | €8,742 | -€45,835 | -84.0% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €296,390 | €349,709 | +€53,319 | +18.0% |
| Stocks and contracts in progress | 3 | €24,112 | €40,820 | +€16,708 | +69.3% |
| Stocks | 30/36 | €4,500 | €10,000 | +€5,500 | +122.2% |
| Contracts in progress | 37 | €19,612 | €30,820 | +€11,208 | +57.1% |
| Amounts receivable within one year | 40/41 | €175,399 | €221,777 | +€46,378 | +26.4% |
| Trade receivables | 40 | €155,887 | €215,639 | +€59,753 | +38.3% |
| Other amounts receivable | 41 | €19,512 | €6,138 | -€13,375 | -68.5% |
| Cash at bank and in hand | 54/58 | €80,493 | €81,268 | +€775 | +1.0% |
| Deferred charges and accrued income | 490/1 | €16,385 | €5,844 | -€10,541 | -64.3% |
| Total equity and liabilities | 10/49 | €354,716 | €362,201 | +€7,485 | +2.1% |
| Equity | 10/15 | €12,084 | €105,815 | +€93,731 | +775.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,516 | €87,215 | +€93,731 | |
| Amounts payable | 17/49 | €342,632 | €256,385 | -€86,247 | -25.2% |
| Amounts payable after more than one year | 17 | €124,684 | €89,505 | -€35,179 | -28.2% |
| Financial debts | 170/4 | €124,684 | €89,505 | -€35,179 | -28.2% |
| Amounts payable within one year | 42/48 | €214,695 | €166,881 | -€47,814 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €5,064 | €10,550 | +€5,486 | +108.3% |
| Financial debts | 43 | €63,281 | €70,000 | +€6,719 | +10.6% |
| Credit institutions | 430/8 | €63,281 | €70,000 | +€6,719 | +10.6% |
| Trade debts | 44 | €51,872 | €46,012 | -€5,860 | -11.3% |
| Suppliers | 440/4 | €51,872 | €46,012 | -€5,860 | -11.3% |
| Advances received on contracts in progress | 46 | €18,056 | €0 | -€18,056 | -100.0% |
| Taxes, remuneration and social security | 45 | €49,970 | €39,139 | -€10,831 | -21.7% |
| Taxes | 450/3 | €15,501 | €21,603 | +€6,102 | +39.4% |
| Remuneration and social security | 454/9 | €34,469 | €17,536 | -€16,934 | -49.1% |
| Other amounts payable | 47/48 | €26,452 | €1,180 | -€25,272 | -95.5% |
| Accrued charges and deferred income | 492/3 | €3,254 | €0 | -€3,254 | -100.0% |
| Non-recurring operating income | 76A | €11,935 | €4,445 | -€7,489 | -62.8% |
| Remuneration, social security and pensions | 62 | €209,951 | €153,075 | -€56,876 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €2,665 | +€770 | +40.7% |
| Other operating charges | 640/8 | €3,673 | €7,138 | +€3,465 | +94.3% |
| Non-recurring operating charges | 66A | - | €2,226 | +€2,226 | |
| Gross operating margin | 9900 | €264,474 | €310,382 | +€45,908 | +17.4% |
| Operating profit (loss) | 9901 | €48,956 | €145,279 | +€96,323 | +196.8% |
| Financial income | 75/76B | €118 | €92 | -€26 | -22.0% |
| Recurring financial income | 75 | €118 | €92 | -€26 | -22.0% |
| Financial charges | 65/66B | €5,432 | €6,401 | +€969 | +17.8% |
| Recurring financial charges | 65 | €5,432 | €6,401 | +€969 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €43,641 | €138,970 | +€95,328 | +218.4% |
| Income taxes | 67/77 | €14,012 | €45,239 | +€31,226 | +222.8% |
| Profit (loss) for the period | 9904 | €29,629 | €93,731 | +€64,102 | +216.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,629 | €93,731 | +€64,102 | +216.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.