VERLANO: 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.
VERLANO
Largest movements
- Cash -€84,159
down €84,159 (-24.0%), from €350,799 to €266,640
mainly Net result for the year (-€78,285) and Tax, wage and social debts (-€69,390)
- Tangible fixed assets -€50,509
down €50,509 (-4.8%), from €1.1m to €1.0m
- Receivables within one year -€37,432
down €37,432 (-33.5%), from €111,710 to €74,278
- Tax, wage and social debts -€69,390
down €69,390 (-100.0%), from €69,390 to €0
- Profit (loss) carried forward -€67,009
down €67,009 (-31.3%), from -€213,918 to -€280,927
- Other debts -€27,830
down €27,830 (-13.2%), from €211,303 to €183,473
- Gross operating margin -€969,185
down €969,185, from €966,489 to -€2,697
- Taxes -€230,887
down €230,887 (-100.0%), from €230,887 to €0
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 | €1,519,430 | €1,348,430 | -€171,001 | -11.3% |
| Fixed assets | 21/28 | €1,055,607 | €1,005,097 | -€50,509 | -4.8% |
| Tangible fixed assets | 22/27 | €1,055,607 | €1,005,097 | -€50,509 | -4.8% |
| Land and buildings | 22 | €1,055,607 | €1,005,097 | -€50,509 | -4.8% |
| Current assets | 29/58 | €463,824 | €343,332 | -€120,491 | -26.0% |
| Amounts receivable within one year | 40/41 | €111,710 | €74,278 | -€37,432 | -33.5% |
| Other amounts receivable | 41 | €111,710 | €74,278 | -€37,432 | -33.5% |
| Cash at bank and in hand | 54/58 | €350,799 | €266,640 | -€84,159 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,314 | €2,414 | +€1,100 | +83.7% |
| Total equity and liabilities | 10/49 | €1,519,430 | €1,348,430 | -€171,001 | -11.3% |
| Equity | 10/15 | €1,121,655 | €1,043,370 | -€78,285 | -7.0% |
| Contributions | 10/11 | €285,078 | €285,078 | = | 0.0% |
| Capital | 10 | €285,078 | €285,078 | = | 0.0% |
| Issued capital | 100 | €285,078 | €285,078 | = | 0.0% |
| Reserves | 13 | €1,050,495 | €1,039,219 | -€11,276 | -1.1% |
| Non-distributable reserves | 130/1 | €28,508 | €28,508 | = | 0.0% |
| Legal reserve | 130 | €28,508 | €28,508 | = | 0.0% |
| Tax-exempt reserves | 132 | €328,083 | €316,807 | -€11,276 | -3.4% |
| Distributable reserves | 133 | €693,905 | €693,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,918 | -€280,927 | -€67,009 | -31.3% |
| Provisions and deferred taxes | 16 | €109,361 | €105,602 | -€3,759 | -3.4% |
| Deferred taxes | 168 | €109,361 | €105,602 | -€3,759 | -3.4% |
| Amounts payable | 17/49 | €288,414 | €199,457 | -€88,957 | -30.8% |
| Amounts payable within one year | 42/48 | €288,228 | €199,271 | -€88,957 | -30.9% |
| Trade debts | 44 | €7,535 | €15,799 | +€8,264 | +109.7% |
| Suppliers | 440/4 | €7,535 | €15,799 | +€8,264 | +109.7% |
| Taxes, remuneration and social security | 45 | €69,390 | €0 | -€69,390 | -100.0% |
| Taxes | 450/3 | €69,390 | €0 | -€69,390 | -100.0% |
| Other amounts payable | 47/48 | €211,303 | €183,473 | -€27,830 | -13.2% |
| Accrued charges and deferred income | 492/3 | €186 | €186 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,051 | €50,509 | +€458 | +0.9% |
| Other operating charges | 640/8 | €7,714 | €6,114 | -€1,600 | -20.7% |
| Non-recurring operating charges | 66A | - | €23,806 | +€23,806 | |
| Gross operating margin | 9900 | €966,489 | -€2,697 | -€969,185 | |
| Operating profit (loss) | 9901 | €908,723 | -€83,127 | -€991,850 | |
| Financial income | 75/76B | €1,073 | €1,114 | +€41 | +3.8% |
| Recurring financial income | 75 | €1,073 | €1,114 | +€41 | +3.8% |
| Financial charges | 65/66B | €39 | €31 | -€8 | -21.6% |
| Recurring financial charges | 65 | €39 | €31 | -€8 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €909,757 | -€82,044 | -€991,801 | |
| Transfer from deferred taxes | 780 | €3,759 | €3,759 | = | 0.0% |
| Income taxes | 67/77 | €230,887 | €0 | -€230,887 | -100.0% |
| Profit (loss) for the period | 9904 | €682,629 | -€78,285 | -€760,914 | |
| Transfer from tax-exempt reserves | 789 | €11,276 | €11,276 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €693,905 | -€67,009 | -€760,914 |
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 9 October 2026 via checked.be.