VERLEYE K.: 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.
VERLEYE K.
Largest movements
- Current investments +€102,469
new in 2025: €102,469
- Tangible fixed assets -€49,769
down €49,769 (-13.9%), from €358,050 to €308,281
of which Leasing and similar rights: -€25,250
- Cash +€14,771
up €14,771 (+5.0%), from €296,844 to €311,615
mainly Depreciation (+€78,917) and Net result for the year (+€63,553)
- Receivables within one year -€11,753
down €11,753 (-13.5%), from €86,873 to €75,119
of which Trade receivables: -€10,204
- Reserves +€50,000
up €50,000 (+13.4%), from €372,843 to €422,843
of which Distributable reserves: +€50,000
- Profit (loss) carried forward +€13,553
up €13,553 (+6.4%), from €211,675 to €225,227
- Trade debts +€9,564
up €9,564 (+46.6%), from €20,517 to €30,082
- Current portion of long-term debt -€8,643
no longer reported in 2025 (was €8,643)
- Gross operating margin -€37,776
down €37,776 (-16.6%), from €228,038 to €190,262
- Taxes -€7,639
down €7,639 (-25.0%), from €30,560 to €22,922
- Other operating charges -€3,056
down €3,056 (-13.2%), from €23,155 to €20,099
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 | €744,202 | €804,042 | +€59,840 | +8.0% |
| Fixed assets | 21/28 | €358,050 | €308,281 | -€49,769 | -13.9% |
| Tangible fixed assets | 22/27 | €358,050 | €308,281 | -€49,769 | -13.9% |
| Land and buildings | 22 | €226,158 | €208,827 | -€17,330 | -7.7% |
| Plant, machinery and equipment | 23 | €3,878 | €4,093 | +€215 | +5.5% |
| Furniture and vehicles | 24 | €102,764 | €95,360 | -€7,404 | -7.2% |
| Leasing and similar rights | 25 | €25,250 | - | -€25,250 | |
| Current assets | 29/58 | €386,151 | €495,761 | +€109,609 | +28.4% |
| Stocks and contracts in progress | 3 | €2,435 | €6,557 | +€4,122 | +169% |
| Stocks | 30/36 | €2,435 | €6,557 | +€4,122 | +169% |
| Amounts receivable within one year | 40/41 | €86,873 | €75,119 | -€11,753 | -13.5% |
| Trade receivables | 40 | €85,124 | €74,919 | -€10,204 | -12.0% |
| Other amounts receivable | 41 | €1,749 | €200 | -€1,549 | -88.6% |
| Current investments | 50/53 | - | €102,469 | +€102,469 | |
| Cash at bank and in hand | 54/58 | €296,844 | €311,615 | +€14,771 | +5.0% |
| Total equity and liabilities | 10/49 | €744,202 | €804,042 | +€59,840 | +8.0% |
| Equity | 10/15 | €603,117 | €666,670 | +€63,553 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,843 | €422,843 | +€50,000 | +13.4% |
| Non-distributable reserves | 130/1 | €13,808 | €13,808 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,808 | €13,808 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,524 | €60,524 | = | 0.0% |
| Distributable reserves | 133 | €298,511 | €348,511 | +€50,000 | +16.7% |
| Profit (loss) carried forward | 14 | €211,675 | €225,227 | +€13,553 | +6.4% |
| Amounts payable | 17/49 | €141,085 | €137,372 | -€3,713 | -2.6% |
| Amounts payable within one year | 42/48 | €141,085 | €137,372 | -€3,713 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €8,643 | - | -€8,643 | |
| Trade debts | 44 | €20,517 | €30,082 | +€9,564 | +46.6% |
| Suppliers | 440/4 | €20,517 | €30,082 | +€9,564 | +46.6% |
| Taxes, remuneration and social security | 45 | €20,447 | €16,817 | -€3,630 | -17.8% |
| Taxes | 450/3 | €20,447 | €16,817 | -€3,630 | -17.8% |
| Other amounts payable | 47/48 | €91,477 | €90,473 | -€1,004 | -1.1% |
| Non-recurring operating income | 76A | €20,000 | €9,504 | -€10,496 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,850 | €78,917 | -€1,933 | -2.4% |
| Other operating charges | 640/8 | €23,155 | €20,099 | -€3,056 | -13.2% |
| Gross operating margin | 9900 | €228,038 | €190,262 | -€37,776 | -16.6% |
| Operating profit (loss) | 9901 | €124,033 | €91,246 | -€32,787 | -26.4% |
| Financial charges | 65/66B | €5,844 | €4,771 | -€1,073 | -18.4% |
| Recurring financial charges | 65 | €5,844 | €4,771 | -€1,073 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €118,189 | €86,474 | -€31,715 | -26.8% |
| Income taxes | 67/77 | €30,560 | €22,922 | -€7,639 | -25.0% |
| Profit (loss) for the period | 9904 | €87,629 | €63,553 | -€24,076 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,629 | €63,553 | -€24,076 | -27.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.