VERLICA: 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.
VERLICA
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+16.5%), from €8.3m to €9.7m
of which Plant, machinery and equipment: +€1.3m
- Cash -€611,054
down €611,054 (-75.8%), from €806,388 to €195,334
mainly Investment in fixed assets (net) (-€3.6m) and Current investments (-€514,756)
- Current investments +€514,756
up €514,756 (+47.5%), from €1.1m to €1.6m
- Reserves +€1.2m
up €1.2m (+14.1%), from €8.9m to €10.1m
of which Distributable reserves: +€1.2m
- Trade debts -€184,582
down €184,582 (-59.6%), from €309,475 to €124,893
- Tax, wage and social debts +€153,998
up €153,998 (+53.2%), from €289,526 to €443,524
of which Taxes: +€149,696
- Depreciation +€526,785
up €526,785 (+30.7%), from €1.7m to €2.2m
- Taxes -€168,514
down €168,514 (-22.6%), from €746,062 to €577,549
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,897,323 | €12,116,534 | +€1.2m | +11.2% |
| Fixed assets | 21/28 | €8,300,374 | €9,671,983 | +€1.4m | +16.5% |
| Tangible fixed assets | 22/27 | €8,300,374 | €9,671,983 | +€1.4m | +16.5% |
| Land and buildings | 22 | €2,208,087 | €2,307,314 | +€99,227 | +4.5% |
| Plant, machinery and equipment | 23 | €6,089,689 | €7,364,202 | +€1.3m | +20.9% |
| Furniture and vehicles | 24 | €2,599 | €467 | -€2,132 | -82.0% |
| Current assets | 29/58 | €2,596,949 | €2,444,551 | -€152,398 | -5.9% |
| Amounts receivable within one year | 40/41 | €704,347 | €644,637 | -€59,710 | -8.5% |
| Trade receivables | 40 | €704,347 | €591,361 | -€112,985 | -16.0% |
| Other amounts receivable | 41 | - | €53,275 | +€53,275 | |
| Current investments | 50/53 | €1,084,445 | €1,599,201 | +€514,756 | +47.5% |
| Cash at bank and in hand | 54/58 | €806,388 | €195,334 | -€611,054 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,769 | €5,379 | +€3,610 | +204% |
| Total equity and liabilities | 10/49 | €10,897,323 | €12,116,534 | +€1.2m | +11.2% |
| Equity | 10/15 | €10,297,838 | €11,547,952 | +€1.3m | +12.1% |
| Contributions | 10/11 | €11,882 | €11,882 | = | 0.0% |
| Reserves | 13 | €8,858,876 | €10,103,876 | +€1.2m | +14.1% |
| Tax-exempt reserves | 132 | €82,153 | €82,153 | = | 0.0% |
| Distributable reserves | 133 | €8,776,723 | €10,021,723 | +€1.2m | +14.2% |
| Profit (loss) carried forward | 14 | €1,427,080 | €1,432,194 | +€5,114 | +0.4% |
| Amounts payable | 17/49 | €599,485 | €568,581 | -€30,904 | -5.2% |
| Amounts payable within one year | 42/48 | €599,001 | €568,417 | -€30,584 | -5.1% |
| Trade debts | 44 | €309,475 | €124,893 | -€184,582 | -59.6% |
| Suppliers | 440/4 | €309,475 | €124,893 | -€184,582 | -59.6% |
| Taxes, remuneration and social security | 45 | €289,526 | €443,524 | +€153,998 | +53.2% |
| Taxes | 450/3 | €276,575 | €426,271 | +€149,696 | +54.1% |
| Remuneration and social security | 454/9 | €12,951 | €17,253 | +€4,302 | +33.2% |
| Accrued charges and deferred income | 492/3 | €484 | €164 | -€320 | -66.1% |
| Non-recurring operating income | 76A | €278,787 | €106,314 | -€172,473 | -61.9% |
| Remuneration, social security and pensions | 62 | €150,151 | €158,823 | +€8,673 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,718,238 | €2,245,023 | +€526,785 | +30.7% |
| Other operating charges | 640/8 | €13,230 | €14,609 | +€1,378 | +10.4% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €4,220,739 | €4,245,052 | +€24,313 | +0.6% |
| Operating profit (loss) | 9901 | €2,339,119 | €1,806,596 | -€532,523 | -22.8% |
| Financial income | 75/76B | €22,489 | €21,080 | -€1,409 | -6.3% |
| Recurring financial income | 75 | €22,489 | €21,080 | -€1,409 | -6.3% |
| Financial charges | 65/66B | €60 | €13 | -€46 | -77.3% |
| Recurring financial charges | 65 | €60 | €13 | -€46 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €2,361,549 | €1,827,663 | -€533,886 | -22.6% |
| Income taxes | 67/77 | €746,062 | €577,549 | -€168,514 | -22.6% |
| Profit (loss) for the period | 9904 | €1,615,486 | €1,250,114 | -€365,372 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615,486 | €1,250,114 | -€365,372 | -22.6% |
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 16 October 2026 via checked.be.