VERLIDACO: 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.
VERLIDACO
Largest movements
- Receivables after one year +€59,615
up €59,615 (+8.7%), from €686,348 to €745,963
of which Other amounts receivable: +€59,525
- Cash +€30,978
up €30,978 (+200%), from €15,462 to €46,440
mainly Net result for the year (+€71,767) and Tax, wage and social debts (+€13,532)
- Reserves +€71,767
up €71,767 (+27.9%), from €257,512 to €329,279
of which Distributable reserves: +€71,767
- Tax, wage and social debts +€13,532
up €13,532 (+52.3%), from €25,876 to €39,408
- Depreciation -€7,761
down €7,761 (-85.1%), from €9,116 to €1,355
- Other operating charges +€5,378
up €5,378 (+1,064%), from €505 to €5,884
- Gross operating margin +€3,022
up €3,022 (+4.0%), from €75,436 to €78,458
- Taxes +€2,257
up €2,257 (+6.4%), from €35,180 to €37,437
- Financial income -€1,533
down €1,533 (-3.8%), from €40,352 to €38,820
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 | €733,076 | €822,742 | +€89,667 | +12.2% |
| Fixed assets | 21/28 | €29,416 | €30,340 | +€923 | +3.1% |
| Tangible fixed assets | 22/27 | €26,866 | €30,340 | +€3,473 | +12.9% |
| Plant, machinery and equipment | 23 | €1,866 | - | -€1,866 | |
| Furniture and vehicles | 24 | €25,000 | €30,340 | +€5,340 | +21.4% |
| Financial fixed assets | 28 | €2,550 | - | -€2,550 | |
| Current assets | 29/58 | €703,659 | €792,403 | +€88,743 | +12.6% |
| Amounts receivable after more than one year | 29 | €686,348 | €745,963 | +€59,615 | +8.7% |
| Trade receivables | 290 | - | €90 | +€90 | |
| Other amounts receivable | 291 | €686,348 | €745,873 | +€59,525 | +8.7% |
| Amounts receivable within one year | 40/41 | €1,849 | - | -€1,849 | |
| Trade receivables | 40 | €1,059 | - | -€1,059 | |
| Other amounts receivable | 41 | €791 | - | -€791 | |
| Cash at bank and in hand | 54/58 | €15,462 | €46,440 | +€30,978 | +200% |
| Total equity and liabilities | 10/49 | €733,076 | €822,742 | +€89,667 | +12.2% |
| Equity | 10/15 | €684,535 | €756,302 | +€71,767 | +10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €257,512 | €329,279 | +€71,767 | +27.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €236,762 | €308,529 | +€71,767 | +30.3% |
| Profit (loss) carried forward | 14 | €407,023 | €407,023 | = | 0.0% |
| Amounts payable | 17/49 | €48,541 | €66,441 | +€17,900 | +36.9% |
| Amounts payable after more than one year | 17 | €14,548 | €22,651 | +€8,104 | +55.7% |
| Financial debts | 170/4 | €14,548 | €22,651 | +€8,104 | +55.7% |
| Amounts payable within one year | 42/48 | €33,993 | €43,789 | +€9,796 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €8,002 | €4,381 | -€3,621 | -45.2% |
| Trade debts | 44 | €115 | - | -€115 | |
| Suppliers | 440/4 | €115 | - | -€115 | |
| Taxes, remuneration and social security | 45 | €25,876 | €39,408 | +€13,532 | +52.3% |
| Taxes | 450/3 | €25,876 | €39,408 | +€13,532 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €1,355 | -€7,761 | -85.1% |
| Other operating charges | 640/8 | €505 | €5,884 | +€5,378 | +1,064% |
| Gross operating margin | 9900 | €75,436 | €78,458 | +€3,022 | +4.0% |
| Operating profit (loss) | 9901 | €65,815 | €71,219 | +€5,404 | +8.2% |
| Financial income | 75/76B | €40,352 | €38,820 | -€1,533 | -3.8% |
| Recurring financial income | 75 | €40,352 | €38,820 | -€1,533 | -3.8% |
| Financial charges | 65/66B | €637 | €835 | +€198 | +31.2% |
| Recurring financial charges | 65 | €637 | €835 | +€198 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €105,531 | €109,204 | +€3,673 | +3.5% |
| Income taxes | 67/77 | €35,180 | €37,437 | +€2,257 | +6.4% |
| Profit (loss) for the period | 9904 | €70,351 | €71,767 | +€1,416 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,351 | €71,767 | +€1,416 | +2.0% |
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 19 October 2026 via checked.be.