VERLEBO: 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.
VERLEBO
Largest movements
- Cash -€64,010
down €64,010 (-34.8%), from €183,883 to €119,873
mainly Receivables within one year (-€39,040) and Other debts (-€35,202)
- Receivables within one year +€39,040
up €39,040 (+95.1%), from €41,033 to €80,073
of which Trade receivables: +€40,482
- Stocks and contracts -€20,000
down €20,000 (-18.2%), from €110,000 to €90,000
- Other debts -€35,202
down €35,202 (-18.5%), from €190,343 to €155,141
- Reserves +€30,828
up €30,828 (+8.5%), from €364,269 to €395,096
- Debts after one year -€24,802
down €24,802 (-15.9%), from €156,033 to €131,231
- Tax, wage and social debts -€15,088
down €15,088 (-56.5%), from €26,694 to €11,605
of which Taxes: -€14,543
- Gross operating margin -€27,739
down €27,739 (-22.6%), from €122,560 to €94,821
- Taxes -€5,350
down €5,350 (-30.1%), from €17,769 to €12,419
- Other operating charges -€4,596
down €4,596 (-49.8%), from €9,231 to €4,634
- Depreciation -€3,813
down €3,813 (-11.2%), from €34,019 to €30,206
- Financial charges +€1,401
up €1,401 (+16.1%), from €8,706 to €10,106
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 | €854,268 | €815,508 | -€38,760 | -4.5% |
| Fixed assets | 21/28 | €517,584 | €521,953 | +€4,369 | +0.8% |
| Tangible fixed assets | 22/27 | €517,449 | €521,818 | +€4,369 | +0.8% |
| Land and buildings | 22 | €501,603 | €482,236 | -€19,367 | -3.9% |
| Plant, machinery and equipment | 23 | €15,846 | €7,750 | -€8,096 | -51.1% |
| Furniture and vehicles | 24 | - | €31,832 | +€31,832 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €336,684 | €293,554 | -€43,129 | -12.8% |
| Stocks and contracts in progress | 3 | €110,000 | €90,000 | -€20,000 | -18.2% |
| Contracts in progress | 37 | €110,000 | €90,000 | -€20,000 | -18.2% |
| Amounts receivable within one year | 40/41 | €41,033 | €80,073 | +€39,040 | +95.1% |
| Trade receivables | 40 | €35,994 | €76,476 | +€40,482 | +112% |
| Other amounts receivable | 41 | €5,039 | €3,597 | -€1,442 | -28.6% |
| Cash at bank and in hand | 54/58 | €183,883 | €119,873 | -€64,010 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,768 | €3,609 | +€1,840 | +104% |
| Total equity and liabilities | 10/49 | €854,268 | €815,508 | -€38,760 | -4.5% |
| Equity | 10/15 | €414,269 | €445,096 | +€30,828 | +7.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €364,269 | €395,096 | +€30,828 | +8.5% |
| Distributable reserves | 133 | €364,269 | €395,096 | +€30,828 | +8.5% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €434,999 | €365,411 | -€69,588 | -16.0% |
| Amounts payable after more than one year | 17 | €156,033 | €131,231 | -€24,802 | -15.9% |
| Financial debts | 170/4 | €156,033 | €131,231 | -€24,802 | -15.9% |
| Amounts payable within one year | 42/48 | €277,763 | €232,942 | -€44,822 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €24,525 | €24,802 | +€277 | +1.1% |
| Trade debts | 44 | €36,202 | €41,393 | +€5,191 | +14.3% |
| Suppliers | 440/4 | €36,202 | €41,393 | +€5,191 | +14.3% |
| Taxes, remuneration and social security | 45 | €26,694 | €11,605 | -€15,088 | -56.5% |
| Taxes | 450/3 | €25,908 | €11,365 | -€14,543 | -56.1% |
| Remuneration and social security | 454/9 | €786 | €241 | -€545 | -69.4% |
| Other amounts payable | 47/48 | €190,343 | €155,141 | -€35,202 | -18.5% |
| Accrued charges and deferred income | 492/3 | €1,203 | €1,239 | +€35 | +2.9% |
| Remuneration, social security and pensions | 62 | €6,846 | €7,219 | +€372 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,019 | €30,206 | -€3,813 | -11.2% |
| Other operating charges | 640/8 | €9,231 | €4,634 | -€4,596 | -49.8% |
| Gross operating margin | 9900 | €122,560 | €94,821 | -€27,739 | -22.6% |
| Operating profit (loss) | 9901 | €72,464 | €52,762 | -€19,701 | -27.2% |
| Financial income | 75/76B | €22 | €591 | +€569 | +2,541% |
| Recurring financial income | 75 | €22 | €591 | +€569 | +2,541% |
| Financial charges | 65/66B | €8,706 | €10,106 | +€1,401 | +16.1% |
| Recurring financial charges | 65 | €8,706 | €10,106 | +€1,401 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €63,780 | €43,247 | -€20,533 | -32.2% |
| Income taxes | 67/77 | €17,769 | €12,419 | -€5,350 | -30.1% |
| Profit (loss) for the period | 9904 | €46,012 | €30,828 | -€15,184 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,012 | €30,828 | -€15,184 | -33.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.