Verlibouw: 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.
Verlibouw
Largest movements
- Tangible fixed assets -€48,888
down €48,888 (-4.1%), from €1.2m to €1.2m
of which Land and buildings: -€53,610
- Receivables within one year +€29,487
new in 2025: €29,487
- Debts after one year -€51,476
down €51,476 (-7.1%), from €725,028 to €673,552
- Reserves +€40,923
up €40,923 (+28.5%), from €143,717 to €184,640
- Gross operating margin -€67,139
down €67,139 (-35.0%), from €192,101 to €124,961
- Depreciation -€26,475
down €26,475 (-35.1%), from €75,363 to €48,888
- Financial charges -€26,081
down €26,081 (-76.8%), from €33,975 to €7,894
- Taxes -€4,176
down €4,176 (-16.5%), from €25,350 to €21,173
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 | €1,223,303 | €1,226,228 | +€2,925 | +0.2% |
| Fixed assets | 21/28 | €1,203,459 | €1,154,571 | -€48,888 | -4.1% |
| Tangible fixed assets | 22/27 | €1,203,459 | €1,154,571 | -€48,888 | -4.1% |
| Land and buildings | 22 | €1,169,720 | €1,116,111 | -€53,610 | -4.6% |
| Plant, machinery and equipment | 23 | €21,461 | €33,895 | +€12,434 | +57.9% |
| Furniture and vehicles | 24 | €12,277 | €4,565 | -€7,712 | -62.8% |
| Current assets | 29/58 | €19,844 | €71,657 | +€51,813 | +261% |
| Amounts receivable within one year | 40/41 | - | €29,487 | +€29,487 | |
| Trade receivables | 40 | - | €29,487 | +€29,487 | |
| Current investments | 50/53 | €2,999 | €14,996 | +€11,997 | +400% |
| Cash at bank and in hand | 54/58 | €16,845 | €27,174 | +€10,330 | +61.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,223,303 | €1,226,228 | +€2,925 | +0.2% |
| Equity | 10/15 | €293,717 | €334,640 | +€40,923 | +13.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €143,717 | €184,640 | +€40,923 | +28.5% |
| Distributable reserves | 133 | €143,717 | €184,640 | +€40,923 | +28.5% |
| Amounts payable | 17/49 | €929,586 | €891,588 | -€37,998 | -4.1% |
| Amounts payable after more than one year | 17 | €725,028 | €673,552 | -€51,476 | -7.1% |
| Financial debts | 170/4 | €725,028 | €673,552 | -€51,476 | -7.1% |
| Amounts payable within one year | 42/48 | €204,558 | €218,036 | +€13,478 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €54,250 | €55,790 | +€1,540 | +2.8% |
| Trade debts | 44 | €7,423 | €9,860 | +€2,438 | +32.8% |
| Suppliers | 440/4 | €7,423 | €9,860 | +€2,438 | +32.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €53,700 | €58,201 | +€4,501 | +8.4% |
| Taxes | 450/3 | €53,700 | €41,849 | -€11,851 | -22.1% |
| Remuneration and social security | 454/9 | - | €16,352 | +€16,352 | |
| Other amounts payable | 47/48 | €89,186 | €94,186 | +€5,000 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,363 | €48,888 | -€26,475 | -35.1% |
| Other operating charges | 640/8 | €6,430 | €6,093 | -€337 | -5.2% |
| Gross operating margin | 9900 | €192,101 | €124,961 | -€67,139 | -35.0% |
| Operating profit (loss) | 9901 | €110,308 | €69,981 | -€40,327 | -36.6% |
| Financial income | 75/76B | €1 | €10 | +€8 | +656% |
| Recurring financial income | 75 | €1 | €10 | +€8 | +656% |
| Financial charges | 65/66B | €33,975 | €7,894 | -€26,081 | -76.8% |
| Recurring financial charges | 65 | €33,975 | €7,894 | -€26,081 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €76,334 | €62,097 | -€14,237 | -18.7% |
| Income taxes | 67/77 | €25,350 | €21,173 | -€4,176 | -16.5% |
| Profit (loss) for the period | 9904 | €50,984 | €40,923 | -€10,061 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,984 | €40,923 | -€10,061 | -19.7% |
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 25 October 2026 via checked.be.