VERLIC: what changed
What changed
VERLIC
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
-€103,355
2024 · €15,818-€119,173
Equity
€520,599
2024 · €623,954-€103,355
Cash
€161,120
2024 · €197,416-€36,296
Balance sheet total
€1.0m
2024 · €1.1m-€68,752
Largest movements
Assets
- Receivables within one year -€54,449
down €54,449 (-20.9%), from €261,053 to €206,603
of which Trade receivables: -€81,757
- Cash -€36,296
down €36,296 (-18.4%), from €197,416 to €161,120
mainly Investment in fixed assets (net) (-€248,729) and Net result for the year (-€103,355)
- Tangible fixed assets +€25,162
up €25,162 (+4.3%), from €579,804 to €604,966
of which Leasing and similar rights: +€79,099
Equity and liabilities
- Reserves -€103,355
down €103,355 (-18.0%), from €573,880 to €470,525
- Debts after one year +€21,383
up €21,383 (+10.7%), from €200,027 to €221,411
- Trade debts +€16,073
up €16,073 (+22.4%), from €71,650 to €87,723
Income statement
- Gross operating margin -€116,467
down €116,467 (-21.3%), from €547,328 to €430,862
- Staff costs +€7,723
up €7,723 (+2.8%), from €274,160 to €281,883
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,818
Gross operating margin
-€116,467
Staff costs
-€7,723
Depreciation
-€88
Other operating charges
-€3,341
Financial income
+€108
Financial charges
+€3,364
Taxes
+€4,973
Result 2025
-€103,355
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€193,256
Investment
-€248,729
Financing
+€19,177
Cash 2024
€197,416
From operations (derived)
+€193,256
Net result for the year
-€103,355
Depreciation
+€223,566
Stocks and contracts
+€2,412
Receivables within one year
+€54,449
Deferred charges and accrued income
+€757
Trade debts
+€16,073
Tax, wage and social debts
-€647
Investment (derived)
-€248,729
Investment in fixed assets (net)
-€248,729
Financing
+€19,177
Debts after one year
+€21,383
Current portion of long-term debt
-€2,206
Cash 2025
€161,120
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,078,645 | €1,009,893 | -€68,752 | -6.4% |
| Fixed assets | 21/28 | €579,804 | €604,966 | +€25,162 | +4.3% |
| Tangible fixed assets | 22/27 | €579,804 | €604,966 | +€25,162 | +4.3% |
| Land and buildings | 22 | €46 | €41 | -€6 | -12.5% |
| Plant, machinery and equipment | 23 | €217,463 | €248,383 | +€30,920 | +14.2% |
| Furniture and vehicles | 24 | €260,288 | €176,150 | -€84,138 | -32.3% |
| Leasing and similar rights | 25 | €97,576 | €176,675 | +€79,099 | +81.1% |
| Other tangible fixed assets | 26 | €4,431 | €3,718 | -€713 | -16.1% |
| Current assets | 29/58 | €498,841 | €404,927 | -€93,915 | -18.8% |
| Stocks and contracts in progress | 3 | €6,067 | €3,655 | -€2,412 | -39.8% |
| Stocks | 30/36 | €6,067 | €3,655 | -€2,412 | -39.8% |
| Amounts receivable within one year | 40/41 | €261,053 | €206,603 | -€54,449 | -20.9% |
| Trade receivables | 40 | €250,636 | €168,879 | -€81,757 | -32.6% |
| Other amounts receivable | 41 | €10,417 | €37,725 | +€27,308 | +262% |
| Cash at bank and in hand | 54/58 | €197,416 | €161,120 | -€36,296 | -18.4% |
| Deferred charges and accrued income | 490/1 | €34,306 | €33,549 | -€757 | -2.2% |
| Total equity and liabilities | 10/49 | €1,078,645 | €1,009,893 | -€68,752 | -6.4% |
| Equity | 10/15 | €623,954 | €520,599 | -€103,355 | -16.6% |
| Contributions | 10/11 | €50,074 | €50,074 | = | 0.0% |
| Reserves | 13 | €573,880 | €470,525 | -€103,355 | -18.0% |
| Distributable reserves | 133 | €573,880 | €470,525 | -€103,355 | -18.0% |
| Amounts payable | 17/49 | €454,691 | €489,293 | +€34,602 | +7.6% |
| Amounts payable after more than one year | 17 | €200,027 | €221,411 | +€21,383 | +10.7% |
| Financial debts | 170/4 | €200,027 | €221,411 | +€21,383 | +10.7% |
| Amounts payable within one year | 42/48 | €254,664 | €267,883 | +€13,219 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €173,638 | €171,432 | -€2,206 | -1.3% |
| Trade debts | 44 | €71,650 | €87,723 | +€16,073 | +22.4% |
| Suppliers | 440/4 | €71,650 | €87,723 | +€16,073 | +22.4% |
| Taxes, remuneration and social security | 45 | €9,376 | €8,728 | -€647 | -6.9% |
| Taxes | 450/3 | €481 | €0 | -€481 | -100.0% |
| Remuneration and social security | 454/9 | €8,895 | €8,728 | -€167 | -1.9% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €274,160 | €281,883 | +€7,723 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,479 | €223,566 | +€88 | 0.0% |
| Other operating charges | 640/8 | €12,630 | €15,971 | +€3,341 | +26.5% |
| Gross operating margin | 9900 | €547,328 | €430,862 | -€116,467 | -21.3% |
| Operating profit (loss) | 9901 | €37,060 | -€90,558 | -€127,618 | |
| Financial income | 75/76B | €408 | €517 | +€108 | +26.6% |
| Recurring financial income | 75 | €408 | €517 | +€108 | +26.6% |
| Financial charges | 65/66B | €16,707 | €13,343 | -€3,364 | -20.1% |
| Recurring financial charges | 65 | €16,707 | €13,343 | -€3,364 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €20,761 | -€103,385 | -€124,146 | |
| Income taxes | 67/77 | €4,942 | -€30 | -€4,973 | |
| Profit (loss) for the period | 9904 | €15,818 | -€103,355 | -€119,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,818 | -€103,355 | -€119,173 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.