VERLANDO: 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.
VERLANDO
Largest movements
- Cash -€88,499
down €88,499 (-54.2%), from €163,308 to €74,809
mainly Stocks and contracts (-€60,081) and Trade debts (-€27,177)
- Stocks and contracts +€60,081
up €60,081 (+12.8%), from €468,015 to €528,096
- Tangible fixed assets -€11,269
down €11,269 (-3.0%), from €371,880 to €360,611
- Trade debts -€27,177
down €27,177 (-95.5%), from €28,466 to €1,289
- Gross operating margin +€1,931
up €1,931 (+41.7%), from €4,630 to €6,561
- Financial charges +€89
up €89 (+48.3%), from €185 to €275
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 | €1,003,878 | €963,909 | -€39,969 | -4.0% |
| Fixed assets | 21/28 | €371,880 | €360,611 | -€11,269 | -3.0% |
| Tangible fixed assets | 22/27 | €371,880 | €360,611 | -€11,269 | -3.0% |
| Land and buildings | 22 | €371,880 | €360,611 | -€11,269 | -3.0% |
| Current assets | 29/58 | €631,998 | €603,297 | -€28,701 | -4.5% |
| Stocks and contracts in progress | 3 | €468,015 | €528,096 | +€60,081 | +12.8% |
| Stocks | 30/36 | €468,015 | €528,096 | +€60,081 | +12.8% |
| Amounts receivable within one year | 40/41 | - | €3 | +€3 | |
| Trade receivables | 40 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €163,308 | €74,809 | -€88,499 | -54.2% |
| Deferred charges and accrued income | 490/1 | €674 | €389 | -€285 | -42.3% |
| Total equity and liabilities | 10/49 | €1,003,878 | €963,909 | -€39,969 | -4.0% |
| Equity | 10/15 | €77,230 | €68,902 | -€8,327 | -10.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €50,700 | €50,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,700 | €50,700 | = | 0.0% |
| Legal reserve | 130 | €50,700 | €50,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,470 | -€56,798 | -€8,327 | -17.2% |
| Amounts payable | 17/49 | €926,648 | €895,006 | -€31,642 | -3.4% |
| Amounts payable after more than one year | 17 | €275,000 | €275,000 | = | 0.0% |
| Financial debts | 170/4 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €651,648 | €618,251 | -€33,397 | -5.1% |
| Trade debts | 44 | €28,466 | €1,289 | -€27,177 | -95.5% |
| Suppliers | 440/4 | €28,466 | €1,289 | -€27,177 | -95.5% |
| Other amounts payable | 47/48 | €623,183 | €616,962 | -€6,221 | -1.0% |
| Accrued charges and deferred income | 492/3 | - | €1,755 | +€1,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,269 | €11,269 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,335 | €3,345 | +€10 | +0.3% |
| Gross operating margin | 9900 | €4,630 | €6,561 | +€1,931 | +41.7% |
| Operating profit (loss) | 9901 | -€9,974 | -€8,053 | +€1,921 | +19.3% |
| Financial charges | 65/66B | €185 | €275 | +€89 | +48.3% |
| Recurring financial charges | 65 | €185 | €275 | +€89 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,159 | -€8,327 | +€1,831 | +18.0% |
| Profit (loss) for the period | 9904 | -€10,159 | -€8,327 | +€1,831 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,159 | -€8,327 | +€1,831 | +18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.