VERLEGH groep: 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.
VERLEGH groep
Largest movements
- Cash +€131,473
up €131,473 (+162%), from €81,198 to €212,672
mainly Net result for the year (+€70,531) and Depreciation (+€49,914)
- Receivables within one year -€48,475
down €48,475 (-45.1%), from €107,465 to €58,990
of which Trade receivables: -€40,591
- Tangible fixed assets -€42,932
down €42,932 (-18.9%), from €226,844 to €183,912
of which Furniture and vehicles: -€26,703
- Deferred charges and accrued income +€10,635
new in 2025: €10,635
- Profit (loss) carried forward +€70,531
up €70,531 (+44.0%), from €160,340 to €230,872
- Tax, wage and social debts +€31,411
up €31,411 (+149%), from €21,104 to €52,515
of which Remuneration and social security: +€17,491
- Debts after one year -€27,627
down €27,627 (-16.1%), from €171,629 to €144,003
- Trade debts -€25,280
down €25,280 (-72.6%), from €34,822 to €9,542
- Gross operating margin +€109,889
up €109,889 (+25.0%), from €439,249 to €549,138
- Staff costs +€95,561
up €95,561 (+32.4%), from €295,012 to €390,573
- Other operating charges -€16,203
down €16,203 (-72.2%), from €22,428 to €6,226
- Financial charges +€7,027
up €7,027 (+97.5%), from €7,209 to €14,236
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 | €418,057 | €468,759 | +€50,702 | +12.1% |
| Fixed assets | 21/28 | €229,394 | €186,462 | -€42,932 | -18.7% |
| Tangible fixed assets | 22/27 | €226,844 | €183,912 | -€42,932 | -18.9% |
| Land and buildings | 22 | €151,192 | €145,942 | -€5,250 | -3.5% |
| Plant, machinery and equipment | 23 | €41,216 | €30,237 | -€10,979 | -26.6% |
| Furniture and vehicles | 24 | €34,435 | €7,733 | -€26,703 | -77.5% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €188,663 | €282,297 | +€93,634 | +49.6% |
| Amounts receivable within one year | 40/41 | €107,465 | €58,990 | -€48,475 | -45.1% |
| Trade receivables | 40 | €96,226 | €55,635 | -€40,591 | -42.2% |
| Other amounts receivable | 41 | €11,239 | €3,355 | -€7,884 | -70.1% |
| Cash at bank and in hand | 54/58 | €81,198 | €212,672 | +€131,473 | +162% |
| Deferred charges and accrued income | 490/1 | - | €10,635 | +€10,635 | |
| Total equity and liabilities | 10/49 | €418,057 | €468,759 | +€50,702 | +12.1% |
| Equity | 10/15 | €162,340 | €232,872 | +€70,531 | +43.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,340 | €230,872 | +€70,531 | +44.0% |
| Amounts payable | 17/49 | €255,717 | €235,887 | -€19,829 | -7.8% |
| Amounts payable after more than one year | 17 | €171,629 | €144,003 | -€27,627 | -16.1% |
| Financial debts | 170/4 | €171,629 | €144,003 | -€27,627 | -16.1% |
| Amounts payable within one year | 42/48 | €83,873 | €90,564 | +€6,691 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €27,066 | €27,627 | +€560 | +2.1% |
| Trade debts | 44 | €34,822 | €9,542 | -€25,280 | -72.6% |
| Suppliers | 440/4 | €34,822 | €9,542 | -€25,280 | -72.6% |
| Taxes, remuneration and social security | 45 | €21,104 | €52,515 | +€31,411 | +149% |
| Taxes | 450/3 | €4,658 | €18,577 | +€13,920 | +299% |
| Remuneration and social security | 454/9 | €16,446 | €33,938 | +€17,491 | +106% |
| Other amounts payable | 47/48 | €881 | €881 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €215 | €1,321 | +€1,106 | +515% |
| Remuneration, social security and pensions | 62 | €295,012 | €390,573 | +€95,561 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,838 | €49,914 | +€2,076 | +4.3% |
| Other operating charges | 640/8 | €22,428 | €6,226 | -€16,203 | -72.2% |
| Gross operating margin | 9900 | €439,249 | €549,138 | +€109,889 | +25.0% |
| Operating profit (loss) | 9901 | €73,971 | €102,425 | +€28,454 | +38.5% |
| Financial income | 75/76B | €1,437 | - | -€1,437 | |
| Recurring financial income | 75 | €1,437 | - | -€1,437 | |
| Financial charges | 65/66B | €7,209 | €14,236 | +€7,027 | +97.5% |
| Recurring financial charges | 65 | €7,209 | €14,236 | +€7,027 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | €68,199 | €88,189 | +€19,991 | +29.3% |
| Income taxes | 67/77 | €17,116 | €17,658 | +€542 | +3.2% |
| Profit (loss) for the period | 9904 | €51,083 | €70,531 | +€19,449 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,083 | €70,531 | +€19,449 | +38.1% |
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 28 October 2026 via checked.be.