Verleyzen Ninove: 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.
Verleyzen Ninove
Largest movements
- Receivables within one year +€29,363
up €29,363 (+26.0%), from €112,775 to €142,138
of which Trade receivables: +€29,771
- Cash +€15,459
up €15,459 (+5.1%), from €301,783 to €317,242
mainly Net result for the year (+€43,475) and Tax, wage and social debts (+€21,552)
- Tangible fixed assets +€6,562
up €6,562 (+15.0%), from €43,801 to €50,363
of which Plant, machinery and equipment: +€14,341
- Stocks and contracts +€6,083
up €6,083 (+19.9%), from €30,624 to €36,707
- Reserves +€43,475
up €43,475 (+19.9%), from €218,299 to €261,774
of which Distributable reserves: +€43,475
- Tax, wage and social debts +€21,552
up €21,552 (+85.1%), from €25,323 to €46,875
of which Taxes: +€23,425
- Current portion of long-term debt -€6,709
down €6,709 (-61.6%), from €10,884 to €4,175
- Trade debts +€6,651
up €6,651 (+6.9%), from €96,575 to €103,226
- Gross operating margin +€28,165
up €28,165 (+13.8%), from €203,920 to €232,085
- Staff costs -€20,881
down €20,881 (-12.6%), from €165,775 to €144,894
- Taxes +€15,835
up €15,835 (+301%), from €5,260 to €21,095
- Financial income -€3,409
down €3,409 (-79.7%), from €4,279 to €871
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 | €502,449 | €559,541 | +€57,091 | +11.4% |
| Fixed assets | 21/28 | €52,761 | €59,323 | +€6,562 | +12.4% |
| Tangible fixed assets | 22/27 | €43,801 | €50,363 | +€6,562 | +15.0% |
| Plant, machinery and equipment | 23 | €20,330 | €34,671 | +€14,341 | +70.5% |
| Furniture and vehicles | 24 | €16,563 | €12,421 | -€4,142 | -25.0% |
| Leasing and similar rights | 25 | €1,927 | - | -€1,927 | |
| Other tangible fixed assets | 26 | €4,981 | €3,271 | -€1,710 | -34.3% |
| Financial fixed assets | 28 | €8,960 | €8,960 | = | 0.0% |
| Current assets | 29/58 | €449,689 | €500,218 | +€50,529 | +11.2% |
| Stocks and contracts in progress | 3 | €30,624 | €36,707 | +€6,083 | +19.9% |
| Stocks | 30/36 | €30,624 | €36,707 | +€6,083 | +19.9% |
| Amounts receivable within one year | 40/41 | €112,775 | €142,138 | +€29,363 | +26.0% |
| Trade receivables | 40 | €105,550 | €135,322 | +€29,771 | +28.2% |
| Other amounts receivable | 41 | €7,225 | €6,817 | -€408 | -5.6% |
| Cash at bank and in hand | 54/58 | €301,783 | €317,242 | +€15,459 | +5.1% |
| Deferred charges and accrued income | 490/1 | €4,507 | €4,130 | -€377 | -8.4% |
| Total equity and liabilities | 10/49 | €502,449 | €559,541 | +€57,091 | +11.4% |
| Equity | 10/15 | €312,043 | €355,518 | +€43,475 | +13.9% |
| Contributions | 10/11 | €93,744 | €93,744 | = | 0.0% |
| Reserves | 13 | €218,299 | €261,774 | +€43,475 | +19.9% |
| Non-distributable reserves | 130/1 | €9,374 | €9,374 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,374 | €9,374 | = | 0.0% |
| Distributable reserves | 133 | €208,925 | €252,400 | +€43,475 | +20.8% |
| Amounts payable | 17/49 | €190,406 | €204,023 | +€13,617 | +7.2% |
| Amounts payable after more than one year | 17 | €14,279 | €12,536 | -€1,743 | -12.2% |
| Financial debts | 170/4 | €14,279 | €12,536 | -€1,743 | -12.2% |
| Amounts payable within one year | 42/48 | €176,127 | €191,487 | +€15,359 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,884 | €4,175 | -€6,709 | -61.6% |
| Financial debts | 43 | €21,568 | €16,163 | -€5,404 | -25.1% |
| Credit institutions | 430/8 | €21,568 | €16,163 | -€5,404 | -25.1% |
| Trade debts | 44 | €96,575 | €103,226 | +€6,651 | +6.9% |
| Suppliers | 440/4 | €96,575 | €103,226 | +€6,651 | +6.9% |
| Taxes, remuneration and social security | 45 | €25,323 | €46,875 | +€21,552 | +85.1% |
| Taxes | 450/3 | €9,461 | €32,886 | +€23,425 | +248% |
| Remuneration and social security | 454/9 | €15,862 | €13,989 | -€1,873 | -11.8% |
| Other amounts payable | 47/48 | €21,777 | €21,048 | -€729 | -3.3% |
| Remuneration, social security and pensions | 62 | €165,775 | €144,894 | -€20,881 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,916 | €18,869 | -€2,046 | -9.8% |
| Other operating charges | 640/8 | €1,636 | €1,527 | -€109 | -6.6% |
| Gross operating margin | 9900 | €203,920 | €232,085 | +€28,165 | +13.8% |
| Operating profit (loss) | 9901 | €15,593 | €66,794 | +€51,201 | +328% |
| Financial income | 75/76B | €4,279 | €871 | -€3,409 | -79.7% |
| Recurring financial income | 75 | €4,279 | €871 | -€3,409 | -79.7% |
| Financial charges | 65/66B | €3,539 | €3,095 | -€445 | -12.6% |
| Recurring financial charges | 65 | €3,539 | €3,095 | -€445 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €16,333 | €64,570 | +€48,237 | +295% |
| Income taxes | 67/77 | €5,260 | €21,095 | +€15,835 | +301% |
| Profit (loss) for the period | 9904 | €11,073 | €43,475 | +€32,402 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €11,073 | €43,475 | +€32,402 | +293% |
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.