VERLATEX: 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.
VERLATEX
Largest movements
- Stocks and contracts +€520
up €520 (+19.8%), from €2,620 to €3,140
- Deferred charges and accrued income +€354
up €354 (+67.3%), from €525 to €879
- Tangible fixed assets -€321
down €321 (-57.6%), from €558 to €237
- Cash +€261
up €261 (+14.5%), from €1,798 to €2,059
mainly Debts after one year (+€5,000) and Tax, wage and social debts (+€389)
- Receivables within one year +€84
up €84 (+89.6%), from €94 to €179
- Debts after one year +€5,000
up €5,000 (+4.4%), from €112,500 to €117,500
- Other debts -€2,429
down €2,429 (-98.1%), from €2,476 to €47
- Profit (loss) carried forward -€1,831
down €1,831 (-1.4%), from -€130,250 to -€132,082
- Tax, wage and social debts +€389
up €389 (+50.6%), from €768 to €1,156
- Trade debts -€230
down €230 (-24.6%), from €935 to €704
- Gross operating margin +€3,542
up €3,542, from -€3,272 to €270
- Depreciation -€112
down €112 (-25.8%), from €433 to €321
- Other operating charges +€35
up €35 (+2.7%), from €1,310 to €1,346
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 | €5,595 | €6,493 | +€898 | +16.0% |
| Fixed assets | 21/28 | €558 | €237 | -€321 | -57.6% |
| Tangible fixed assets | 22/27 | €558 | €237 | -€321 | -57.6% |
| Plant, machinery and equipment | 23 | €558 | €237 | -€321 | -57.6% |
| Current assets | 29/58 | €5,038 | €6,256 | +€1,219 | +24.2% |
| Stocks and contracts in progress | 3 | €2,620 | €3,140 | +€520 | +19.8% |
| Stocks | 30/36 | €2,620 | €3,140 | +€520 | +19.8% |
| Amounts receivable within one year | 40/41 | €94 | €179 | +€84 | +89.6% |
| Other amounts receivable | 41 | €94 | €179 | +€84 | +89.6% |
| Cash at bank and in hand | 54/58 | €1,798 | €2,059 | +€261 | +14.5% |
| Deferred charges and accrued income | 490/1 | €525 | €879 | +€354 | +67.3% |
| Total equity and liabilities | 10/49 | €5,595 | €6,493 | +€898 | +16.0% |
| Equity | 10/15 | -€111,084 | -€112,915 | -€1,831 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €575 | €575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €575 | €575 | = | 0.0% |
| Reserves not available under the articles | 1311 | €575 | €575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,250 | -€132,082 | -€1,831 | -1.4% |
| Amounts payable | 17/49 | €116,679 | €119,408 | +€2,729 | +2.3% |
| Amounts payable after more than one year | 17 | €112,500 | €117,500 | +€5,000 | +4.4% |
| Other amounts payable | 178/9 | €112,500 | €117,500 | +€5,000 | +4.4% |
| Amounts payable within one year | 42/48 | €4,179 | €1,908 | -€2,271 | -54.3% |
| Trade debts | 44 | €935 | €704 | -€230 | -24.6% |
| Suppliers | 440/4 | €935 | €704 | -€230 | -24.6% |
| Taxes, remuneration and social security | 45 | €768 | €1,156 | +€389 | +50.6% |
| Taxes | 450/3 | €768 | €1,156 | +€389 | +50.6% |
| Other amounts payable | 47/48 | €2,476 | €47 | -€2,429 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €321 | -€112 | -25.8% |
| Other operating charges | 640/8 | €1,310 | €1,346 | +€35 | +2.7% |
| Gross operating margin | 9900 | -€3,272 | €270 | +€3,542 | |
| Operating profit (loss) | 9901 | -€5,015 | -€1,397 | +€3,618 | +72.1% |
| Financial income | 75/76B | €0 | €9 | +€9 | +14,567% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +14,567% |
| Financial charges | 65/66B | €141 | €141 | -€0 | 0.0% |
| Recurring financial charges | 65 | €141 | €141 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,156 | -€1,529 | +€3,627 | +70.4% |
| Income taxes | 67/77 | €287 | €303 | +€15 | +5.4% |
| Profit (loss) for the period | 9904 | -€5,443 | -€1,831 | +€3,612 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,443 | -€1,831 | +€3,612 | +66.4% |
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 13 October 2026 via checked.be.