VERLI-SAN: 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.
VERLI-SAN
Largest movements
- Receivables within one year +€54,632
up €54,632 (+163%), from €33,547 to €88,180
of which Trade receivables: +€42,278
- Trade debts +€26,500
up €26,500 (+169%), from €15,670 to €42,170
- Reserves +€15,750
up €15,750 (+16.1%), from €98,033 to €113,783
of which Distributable reserves: +€15,750
- Tax, wage and social debts +€11,451
up €11,451 (+848%), from €1,350 to €12,801
- Gross operating margin +€14,258
up €14,258 (+101%), from €14,165 to €28,423
- Taxes +€5,292
up €5,292 (+414%), from €1,280 to €6,572
- Financial charges -€3,868
down €3,868 (-44.5%), from €8,688 to €4,821
- Other operating charges -€984
down €984 (-67.5%), from €1,458 to €474
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,585 | €209,563 | +€53,978 | +34.7% |
| Fixed assets | 21/28 | €2,038 | €1,383 | -€655 | -32.1% |
| Tangible fixed assets | 22/27 | €2,038 | €1,383 | -€655 | -32.1% |
| Furniture and vehicles | 24 | €2,038 | €1,383 | -€655 | -32.1% |
| Current assets | 29/58 | €153,547 | €208,180 | +€54,632 | +35.6% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,547 | €88,180 | +€54,632 | +163% |
| Trade receivables | 40 | €32,214 | €74,492 | +€42,278 | +131% |
| Other amounts receivable | 41 | €1,334 | €13,688 | +€12,354 | +926% |
| Total equity and liabilities | 10/49 | €155,585 | €209,563 | +€53,978 | +34.7% |
| Equity | 10/15 | €115,745 | €131,647 | +€15,902 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,033 | €113,783 | +€15,750 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,173 | €111,923 | +€15,750 | +16.4% |
| Profit (loss) carried forward | 14 | €11,512 | €11,664 | +€152 | +1.3% |
| Amounts payable | 17/49 | €39,840 | €77,916 | +€38,076 | +95.6% |
| Amounts payable within one year | 42/48 | €39,840 | €77,916 | +€38,076 | +95.6% |
| Financial debts | 43 | €22,820 | €22,945 | +€125 | +0.5% |
| Credit institutions | 430/8 | €22,820 | €22,945 | +€125 | +0.5% |
| Trade debts | 44 | €15,670 | €42,170 | +€26,500 | +169% |
| Suppliers | 440/4 | €15,670 | €42,170 | +€26,500 | +169% |
| Taxes, remuneration and social security | 45 | €1,350 | €12,801 | +€11,451 | +848% |
| Taxes | 450/3 | €1,350 | €12,801 | +€11,451 | +848% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €655 | = | 0.0% |
| Other operating charges | 640/8 | €1,458 | €474 | -€984 | -67.5% |
| Gross operating margin | 9900 | €14,165 | €28,423 | +€14,258 | +101% |
| Operating profit (loss) | 9901 | €12,052 | €27,294 | +€15,242 | +126% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,688 | €4,821 | -€3,868 | -44.5% |
| Recurring financial charges | 65 | €8,688 | €4,821 | -€3,868 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €3,364 | €22,473 | +€19,110 | +568% |
| Income taxes | 67/77 | €1,280 | €6,572 | +€5,292 | +414% |
| Profit (loss) for the period | 9904 | €2,084 | €15,902 | +€13,818 | +663% |
| Profit (loss) for the period to be appropriated | 9905 | €2,084 | €15,902 | +€13,818 | +663% |
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 14 October 2026 via checked.be.