VERLAET CONSULTING: 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.
VERLAET CONSULTING
Largest movements
- Cash +€50,705
up €50,705 (+29.1%), from €174,145 to €224,850
mainly Net result for the year (+€69,797) and Depreciation (+€18,130)
- Tangible fixed assets -€15,299
down €15,299 (-49.9%), from €30,650 to €15,351
of which Land and buildings: -€15,716
- Receivables within one year +€13,341
up €13,341 (+9.0%), from €148,775 to €162,116
of which Other amounts receivable: +€21,762
- Reserves +€69,797
up €69,797 (+12.7%), from €548,389 to €618,186
- Trade debts -€23,124
down €23,124 (-49.2%), from €46,990 to €23,866
- Gross operating margin +€5,117
up €5,117 (+4.7%), from €109,876 to €114,993
- Taxes +€4,347
up €4,347 (+16.0%), from €27,104 to €31,451
- Financial income +€1,657
up €1,657 (+29.5%), from €5,616 to €7,273
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 | €662,554 | €711,629 | +€49,075 | +7.4% |
| Fixed assets | 21/28 | €30,650 | €15,351 | -€15,299 | -49.9% |
| Tangible fixed assets | 22/27 | €30,650 | €15,351 | -€15,299 | -49.9% |
| Land and buildings | 22 | €15,716 | €0 | -€15,716 | -100% |
| Plant, machinery and equipment | 23 | €2,222 | €2,014 | -€208 | -9.4% |
| Furniture and vehicles | 24 | €12,711 | €13,337 | +€626 | +4.9% |
| Current assets | 29/58 | €631,904 | €696,278 | +€64,374 | +10.2% |
| Amounts receivable after more than one year | 29 | €252,933 | €252,933 | = | 0.0% |
| Other amounts receivable | 291 | €252,933 | €252,933 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €148,775 | €162,116 | +€13,341 | +9.0% |
| Trade receivables | 40 | €91,200 | €82,779 | -€8,421 | -9.2% |
| Other amounts receivable | 41 | €57,575 | €79,337 | +€21,762 | +37.8% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €174,145 | €224,850 | +€50,705 | +29.1% |
| Deferred charges and accrued income | 490/1 | €6,052 | €6,379 | +€328 | +5.4% |
| Total equity and liabilities | 10/49 | €662,554 | €711,629 | +€49,075 | +7.4% |
| Equity | 10/15 | €578,414 | €648,211 | +€69,797 | +12.1% |
| Contributions | 10/11 | €15,816 | €15,816 | = | 0.0% |
| Reserves | 13 | €548,389 | €618,186 | +€69,797 | +12.7% |
| Distributable reserves | 133 | €548,389 | €618,186 | +€69,797 | +12.7% |
| Profit (loss) carried forward | 14 | €14,209 | €14,209 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14,874 | €14,874 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,874 | €14,874 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,874 | €14,874 | = | 0.0% |
| Amounts payable | 17/49 | €69,266 | €48,544 | -€20,722 | -29.9% |
| Amounts payable within one year | 42/48 | €69,266 | €48,544 | -€20,722 | -29.9% |
| Trade debts | 44 | €46,990 | €23,866 | -€23,124 | -49.2% |
| Suppliers | 440/4 | €46,990 | €23,866 | -€23,124 | -49.2% |
| Taxes, remuneration and social security | 45 | €22,275 | €24,678 | +€2,402 | +10.8% |
| Taxes | 450/3 | €22,275 | €24,678 | +€2,402 | +10.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,000 | €12 | -€9,988 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,733 | €18,130 | +€397 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,018 | €2,879 | -€1,139 | -28.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €109,876 | €114,993 | +€5,117 | +4.7% |
| Operating profit (loss) | 9901 | €88,124 | €93,984 | +€5,859 | +6.6% |
| Financial income | 75/76B | €5,616 | €7,273 | +€1,657 | +29.5% |
| Recurring financial income | 75 | €5,616 | €7,273 | +€1,657 | +29.5% |
| Financial charges | 65/66B | €3 | €10 | +€7 | +235% |
| Recurring financial charges | 65 | €3 | €10 | +€7 | +235% |
| Profit (loss) for the period before taxes | 9903 | €93,737 | €101,248 | +€7,510 | +8.0% |
| Income taxes | 67/77 | €27,104 | €31,451 | +€4,347 | +16.0% |
| Profit (loss) for the period | 9904 | €66,634 | €69,797 | +€3,163 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,634 | €69,797 | +€3,163 | +4.7% |
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 27 October 2026 via checked.be.