Verlap: 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.
Verlap
Largest movements
- Tangible fixed assets +€293,783
up €293,783 (+91.5%), from €321,075 to €614,858
of which Land and buildings: +€274,491
- Cash +€13,686
up €13,686 (+335%), from €4,084 to €17,769
mainly Debts after one year (+€235,531) and Trade debts (+€71,909)
- Receivables within one year +€9,830
up €9,830 (+90.3%), from €10,890 to €20,720
of which Other amounts receivable: +€9,759
- Debts after one year +€235,531
up €235,531 (+90.8%), from €259,536 to €495,067
- Trade debts +€71,909
up €71,909 (+1,532%), from €4,695 to €76,604
- Other debts +€26,762
up €26,762 (+39.4%), from €67,971 to €94,733
- Profit (loss) carried forward -€15,055
down €15,055 (-104%), from -€14,435 to -€29,490
- Gross operating margin +€9,886
up €9,886 (+85.1%), from €11,611 to €21,498
- Financial charges +€5,967
up €5,967 (+52.4%), from €11,378 to €17,345
- Other operating charges +€3,902
up €3,902 (+547%), from €713 to €4,615
- Depreciation +€3,065
up €3,065 (+21.8%), from €14,059 to €17,124
- Financial income +€2,733
new in 2025: €2,733
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 | €336,393 | €653,692 | +€317,299 | +94.3% |
| Fixed assets | 21/28 | €321,075 | €614,858 | +€293,783 | +91.5% |
| Tangible fixed assets | 22/27 | €321,075 | €614,858 | +€293,783 | +91.5% |
| Land and buildings | 22 | €319,500 | €593,991 | +€274,491 | +85.9% |
| Plant, machinery and equipment | 23 | €1,575 | €13,094 | +€11,519 | +731% |
| Furniture and vehicles | 24 | - | €7,773 | +€7,773 | |
| Current assets | 29/58 | €15,318 | €38,834 | +€23,516 | +154% |
| Amounts receivable within one year | 40/41 | €10,890 | €20,720 | +€9,830 | +90.3% |
| Trade receivables | 40 | €10,890 | €10,961 | +€71 | +0.7% |
| Other amounts receivable | 41 | - | €9,759 | +€9,759 | |
| Cash at bank and in hand | 54/58 | €4,084 | €17,769 | +€13,686 | +335% |
| Deferred charges and accrued income | 490/1 | €344 | €344 | = | 0.0% |
| Total equity and liabilities | 10/49 | €336,393 | €653,692 | +€317,299 | +94.3% |
| Equity | 10/15 | -€12,435 | -€27,490 | -€15,055 | -121% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,435 | -€29,490 | -€15,055 | -104% |
| Amounts payable | 17/49 | €348,828 | €681,182 | +€332,354 | +95.3% |
| Amounts payable after more than one year | 17 | €259,536 | €495,067 | +€235,531 | +90.8% |
| Financial debts | 170/4 | €259,536 | €495,067 | +€235,531 | +90.8% |
| Amounts payable within one year | 42/48 | €88,428 | €184,262 | +€95,834 | +108% |
| Current portion of amounts payable after more than one year | 42 | €10,020 | €10,398 | +€378 | +3.8% |
| Financial debts | 43 | €818 | €849 | +€31 | +3.8% |
| Credit institutions | 430/8 | €818 | €849 | +€31 | +3.8% |
| Trade debts | 44 | €4,695 | €76,604 | +€71,909 | +1,532% |
| Suppliers | 440/4 | €4,695 | €76,604 | +€71,909 | +1,532% |
| Advances received on contracts in progress | 46 | - | €520 | +€520 | |
| Taxes, remuneration and social security | 45 | €4,924 | €1,157 | -€3,767 | -76.5% |
| Taxes | 450/3 | €4,924 | €1,157 | -€3,767 | -76.5% |
| Other amounts payable | 47/48 | €67,971 | €94,733 | +€26,762 | +39.4% |
| Accrued charges and deferred income | 492/3 | €864 | €1,853 | +€989 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,059 | €17,124 | +€3,065 | +21.8% |
| Other operating charges | 640/8 | €713 | €4,615 | +€3,902 | +547% |
| Gross operating margin | 9900 | €11,611 | €21,498 | +€9,886 | +85.1% |
| Operating profit (loss) | 9901 | -€3,160 | -€241 | +€2,920 | +92.4% |
| Financial income | 75/76B | - | €2,733 | +€2,733 | |
| Recurring financial income | 75 | - | €2,733 | +€2,733 | |
| Financial charges | 65/66B | €11,378 | €17,345 | +€5,967 | +52.4% |
| Recurring financial charges | 65 | €11,378 | €17,345 | +€5,967 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,538 | -€14,853 | -€315 | -2.2% |
| Income taxes | 67/77 | €202 | €202 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€14,741 | -€15,055 | -€315 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,741 | -€15,055 | -€315 | -2.1% |
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 20 October 2026 via checked.be.