VERLAINE: 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.
VERLAINE
Largest movements
- Cash -€378,352
down €378,352 (-47.5%), from €796,542 to €418,190
mainly Other debts (-€574,108) and Trade debts (-€170,584)
- Stocks and contracts -€280,224
no longer reported in 2025 (was €280,224)
- Tangible fixed assets -€223,418
down €223,418 (-59.7%), from €374,037 to €150,619
of which Land and buildings: -€188,002
- Receivables within one year +€158,158
up €158,158 (+170%), from €92,860 to €251,018
of which Trade receivables: +€186,996
- Other debts -€574,108
no longer reported in 2025 (was €574,108)
- Trade debts -€170,584
down €170,584 (-52.7%), from €323,474 to €152,890
- Profit (loss) carried forward +€63,147
up €63,147 (+16.2%), from -€389,485 to -€326,338
- Tax, wage and social debts -€42,621
no longer reported in 2025 (was €42,621)
of which Remuneration and social security: -€35,134
- Gross operating margin +€64,605
up €64,605 (+10.7%), from €604,983 to €669,588
- Depreciation -€56,374
down €56,374 (-22.0%), from €255,676 to €199,302
- Staff costs -€30,153
down €30,153 (-8.2%), from €366,253 to €336,100
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 | €1,550,718 | €826,552 | -€724,166 | -46.7% |
| Fixed assets | 21/28 | €378,595 | €155,159 | -€223,436 | -59.0% |
| Intangible fixed assets | 21 | €18 | - | -€18 | |
| Tangible fixed assets | 22/27 | €374,037 | €150,619 | -€223,418 | -59.7% |
| Land and buildings | 22 | €294,055 | €106,053 | -€188,002 | -63.9% |
| Furniture and vehicles | 24 | €79,982 | €44,566 | -€35,416 | -44.3% |
| Financial fixed assets | 28 | €4,540 | €4,540 | = | 0.0% |
| Current assets | 29/58 | €1,172,123 | €671,393 | -€500,730 | -42.7% |
| Stocks and contracts in progress | 3 | €280,224 | - | -€280,224 | |
| Stocks | 30/36 | €280,224 | - | -€280,224 | |
| Amounts receivable within one year | 40/41 | €92,860 | €251,018 | +€158,158 | +170% |
| Trade receivables | 40 | €60,196 | €247,192 | +€186,996 | +311% |
| Other amounts receivable | 41 | €32,664 | €3,826 | -€28,838 | -88.3% |
| Cash at bank and in hand | 54/58 | €796,542 | €418,190 | -€378,352 | -47.5% |
| Deferred charges and accrued income | 490/1 | €2,497 | €2,185 | -€312 | -12.5% |
| Total equity and liabilities | 10/49 | €1,550,718 | €826,552 | -€724,166 | -46.7% |
| Equity | 10/15 | €610,515 | €673,662 | +€63,147 | +10.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,485 | -€326,338 | +€63,147 | +16.2% |
| Amounts payable | 17/49 | €940,203 | €152,890 | -€787,313 | -83.7% |
| Amounts payable within one year | 42/48 | €940,203 | €152,890 | -€787,313 | -83.7% |
| Trade debts | 44 | €323,474 | €152,890 | -€170,584 | -52.7% |
| Suppliers | 440/4 | €323,474 | €152,890 | -€170,584 | -52.7% |
| Taxes, remuneration and social security | 45 | €42,621 | - | -€42,621 | |
| Taxes | 450/3 | €7,487 | - | -€7,487 | |
| Remuneration and social security | 454/9 | €35,134 | - | -€35,134 | |
| Other amounts payable | 47/48 | €574,108 | - | -€574,108 | |
| Remuneration, social security and pensions | 62 | €366,253 | €336,100 | -€30,153 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,676 | €199,302 | -€56,374 | -22.0% |
| Other operating charges | 640/8 | €28,164 | €24,643 | -€3,521 | -12.5% |
| Non-recurring operating charges | 66A | - | €27,075 | +€27,075 | |
| Gross operating margin | 9900 | €604,983 | €669,588 | +€64,605 | +10.7% |
| Operating profit (loss) | 9901 | -€45,110 | €82,468 | +€127,578 | |
| Financial income | 75/76B | €306 | €375 | +€69 | +22.5% |
| Recurring financial income | 75 | €306 | €375 | +€69 | +22.5% |
| Financial charges | 65/66B | €17,526 | €19,345 | +€1,819 | +10.4% |
| Recurring financial charges | 65 | €17,526 | €19,345 | +€1,819 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€62,330 | €63,498 | +€125,828 | |
| Income taxes | 67/77 | €764 | €351 | -€413 | -54.1% |
| Profit (loss) for the period | 9904 | -€63,094 | €63,147 | +€126,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,094 | €63,147 | +€126,241 |
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 21 October 2026 via checked.be.