VERLIE: what changed
Two fiscal 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.
VERLIE
Largest movements
- Receivables within one year -€145,284
down €145,284 (-55.2%), from €263,228 to €117,944
of which Trade receivables: -€149,585
- Stocks and contracts -€23,000
no longer reported in 2025 (was €23,000)
- Current investments -€12,962
no longer reported in 2025 (was €12,962)
- Trade debts -€154,584
down €154,584 (-81.3%), from €190,028 to €35,444
- Profit (loss) carried forward -€110,086
down €110,086 (-12.3%), from -€896,806 to -€1.0m
- Other debts +€93,953
up €93,953 (+6621.1%), from €1,419 to €95,372
- Tax, wage and social debts -€6,409
down €6,409 (-18.2%), from €35,145 to €28,736
- Debts after one year -€3,578
down €3,578 (-0.4%), from €909,170 to €905,592
- Other operating charges +€145,337
up €145,337 (+4341.2%), from €3,348 to €148,685
- Staff costs -€73,933
no longer reported in 2025 (was €73,933)
- Gross operating margin +€25,149
up €25,149 (+153.2%), from €16,413 to €41,562
- Taxes -€1,622
no longer reported in 2025 (was €1,622)
- Depreciation -€1,530
down €1,530 (-56.0%), from €2,731 to €1,201
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.
Cash bridge derived
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 | €300,956 | €120,253 | -€180,703 | -60.0% |
| Fixed assets | 21/28 | €1,766 | €385 | -€1,381 | -78.2% |
| Tangible fixed assets | 22/27 | €1,586 | €385 | -€1,201 | -75.7% |
| Plant, machinery and equipment | 23 | €1,586 | €385 | -€1,201 | -75.7% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €299,190 | €119,868 | -€179,323 | -59.9% |
| Stocks and contracts in progress | 3 | €23,000 | - | -€23,000 | |
| Stocks | 30/36 | €23,000 | - | -€23,000 | |
| Amounts receivable within one year | 40/41 | €263,228 | €117,944 | -€145,284 | -55.2% |
| Trade receivables | 40 | €224,610 | €75,025 | -€149,585 | -66.6% |
| Other amounts receivable | 41 | €38,618 | €42,918 | +€4,300 | +11.1% |
| Current investments | 50/53 | €12,962 | - | -€12,962 | |
| Cash at bank and in hand | 54/58 | - | €1,924 | +€1,924 | |
| Total equity and liabilities | 10/49 | €300,956 | €120,253 | -€180,703 | -60.0% |
| Equity | 10/15 | -€834,806 | -€944,891 | -€110,086 | -13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€896,806 | -€1,006,891 | -€110,086 | -12.3% |
| Amounts payable | 17/49 | €1,135,762 | €1,065,144 | -€70,618 | -6.2% |
| Amounts payable after more than one year | 17 | €909,170 | €905,592 | -€3,578 | -0.4% |
| Other amounts payable | 178/9 | €909,170 | €905,592 | -€3,578 | -0.4% |
| Amounts payable within one year | 42/48 | €226,592 | €159,552 | -€67,040 | -29.6% |
| Trade debts | 44 | €190,028 | €35,444 | -€154,584 | -81.3% |
| Suppliers | 440/4 | €190,028 | €35,444 | -€154,584 | -81.3% |
| Taxes, remuneration and social security | 45 | €35,145 | €28,736 | -€6,409 | -18.2% |
| Taxes | 450/3 | €35,145 | €28,736 | -€6,409 | -18.2% |
| Other amounts payable | 47/48 | €1,419 | €95,372 | +€93,953 | +6621.1% |
| Remuneration, social security and pensions | 62 | €73,933 | - | -€73,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,731 | €1,201 | -€1,530 | -56.0% |
| Other operating charges | 640/8 | €3,348 | €148,685 | +€145,337 | +4341.2% |
| Gross operating margin | 9900 | €16,413 | €41,562 | +€25,149 | +153.2% |
| Operating profit (loss) | 9901 | -€63,599 | -€108,324 | -€44,725 | -70.3% |
| Financial income | 75/76B | €253 | - | -€253 | |
| Recurring financial income | 75 | €253 | - | -€253 | |
| Financial charges | 65/66B | €942 | €1,762 | +€820 | +87.1% |
| Recurring financial charges | 65 | €942 | €1,762 | +€820 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,288 | -€110,086 | -€45,798 | -71.2% |
| Income taxes | 67/77 | €1,622 | - | -€1,622 | |
| Profit (loss) for the period | 9904 | -€65,910 | -€110,086 | -€44,176 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,910 | -€110,086 | -€44,176 | -67.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.