VERLANI: 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.
VERLANI
Largest movements
- Current investments +€475,279
up €475,279 (+89.9%), from €528,459 to €1.0m
- Cash +€109,116
up €109,116 (+34.7%), from €314,490 to €423,606
mainly Net result for the year (+€386,941) and Tax, wage and social debts (+€176,933)
- Receivables within one year +€26,833
up €26,833 (+24.5%), from €109,723 to €136,556
of which Trade receivables: +€26,072
- Tangible fixed assets -€26,674
down €26,674 (-6.2%), from €427,040 to €400,367
of which Land and buildings: -€21,226
- Reserves +€386,941
up €386,941 (+30.3%), from €1.3m to €1.7m
of which Distributable reserves: +€387,621
- Tax, wage and social debts +€176,933
up €176,933 (+978%), from €18,095 to €195,028
- Trade debts +€20,651
up €20,651 (+2,131%), from €969 to €21,620
- Gross operating margin +€498,012
up €498,012 (+354%), from €140,609 to €638,621
- Taxes +€175,446
up €175,446 (+890%), from €19,705 to €195,151
- Other operating charges +€17,757
up €17,757 (+112%), from €15,888 to €33,644
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 | €1,430,097 | €2,014,651 | +€584,554 | +40.9% |
| Fixed assets | 21/28 | €427,924 | €401,250 | -€26,674 | -6.2% |
| Tangible fixed assets | 22/27 | €427,040 | €400,367 | -€26,674 | -6.2% |
| Land and buildings | 22 | €403,196 | €381,970 | -€21,226 | -5.3% |
| Other tangible fixed assets | 26 | €23,845 | €18,397 | -€5,448 | -22.8% |
| Financial fixed assets | 28 | €884 | €884 | = | 0.0% |
| Current assets | 29/58 | €1,002,173 | €1,613,400 | +€611,227 | +61.0% |
| Stocks and contracts in progress | 3 | €49,500 | €49,500 | = | 0.0% |
| Stocks | 30/36 | €49,500 | €49,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,723 | €136,556 | +€26,833 | +24.5% |
| Trade receivables | 40 | €8,242 | €34,314 | +€26,072 | +316% |
| Other amounts receivable | 41 | €101,481 | €102,242 | +€761 | +0.7% |
| Current investments | 50/53 | €528,459 | €1,003,738 | +€475,279 | +89.9% |
| Cash at bank and in hand | 54/58 | €314,490 | €423,606 | +€109,116 | +34.7% |
| Total equity and liabilities | 10/49 | €1,430,097 | €2,014,651 | +€584,554 | +40.9% |
| Equity | 10/15 | €1,368,357 | €1,755,298 | +€386,941 | +28.3% |
| Contributions | 10/11 | €92,752 | €92,752 | = | 0.0% |
| Reserves | 13 | €1,275,605 | €1,662,546 | +€386,941 | +30.3% |
| Tax-exempt reserves | 132 | €45,044 | €44,364 | -€680 | -1.5% |
| Distributable reserves | 133 | €1,230,561 | €1,618,182 | +€387,621 | +31.5% |
| Provisions and deferred taxes | 16 | €16,907 | €16,557 | -€350 | -2.1% |
| Deferred taxes | 168 | €16,907 | €16,557 | -€350 | -2.1% |
| Amounts payable | 17/49 | €44,833 | €242,795 | +€197,962 | +442% |
| Amounts payable within one year | 42/48 | €40,302 | €237,886 | +€197,584 | +490% |
| Trade debts | 44 | €969 | €21,620 | +€20,651 | +2,131% |
| Suppliers | 440/4 | €969 | €21,620 | +€20,651 | +2,131% |
| Taxes, remuneration and social security | 45 | €18,095 | €195,028 | +€176,933 | +978% |
| Taxes | 450/3 | €18,095 | €195,028 | +€176,933 | +978% |
| Other amounts payable | 47/48 | €21,238 | €21,238 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,531 | €4,909 | +€378 | +8.3% |
| Non-recurring operating income | 76A | €46,166 | - | -€46,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,380 | €26,674 | +€2,293 | +9.4% |
| Other operating charges | 640/8 | €15,888 | €33,644 | +€17,757 | +112% |
| Non-recurring operating charges | 66A | €58 | €3,464 | +€3,406 | +5,873% |
| Gross operating margin | 9900 | €140,609 | €638,621 | +€498,012 | +354% |
| Operating profit (loss) | 9901 | €100,283 | €574,839 | +€474,555 | +473% |
| Financial income | 75/76B | €4,210 | €7,266 | +€3,056 | +72.6% |
| Recurring financial income | 75 | €4,210 | €7,266 | +€3,056 | +72.6% |
| Financial charges | 65/66B | €1,980 | €362 | -€1,617 | -81.7% |
| Recurring financial charges | 65 | €1,980 | €362 | -€1,617 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €102,514 | €581,742 | +€479,228 | +467% |
| Transfer from deferred taxes | 780 | €350 | €350 | = | 0.0% |
| Transfer to deferred taxes | 680 | €11,541 | - | -€11,541 | |
| Income taxes | 67/77 | €19,705 | €195,151 | +€175,446 | +890% |
| Profit (loss) for the period | 9904 | €71,617 | €386,941 | +€315,324 | +440% |
| Transfer from tax-exempt reserves | 789 | €680 | €680 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €34,624 | - | -€34,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,673 | €387,621 | +€349,948 | +929% |
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 14 October 2026 via checked.be.