VERLIGRO: what changed
VERLIGRO
Largest movements
- Cash -€58,137
down €58,137 (-73.4%), from €79,234 to €21,096
mainly Receivables within one year (-€39,466) and Stocks and contracts (-€31,364)
- Receivables within one year +€39,466
up €39,466 (+12.3%), from €321,624 to €361,089
of which Other amounts receivable: +€57,842
- Stocks and contracts +€31,364
up €31,364 (+29.0%), from €108,218 to €139,582
- Trade debts +€35,958
up €35,958 (+33.1%), from €108,749 to €144,707
- Reserves -€23,217
down €23,217 (-14.1%), from €164,758 to €141,541
of which Distributable reserves: -€23,217
- Gross operating margin -€116,419
down €116,419 (-42.6%), from €273,203 to €156,785
- Taxes -€17,613
down €17,613 (-98.0%), from €17,966 to €353
- Financial income +€11,625
up €11,625 (+1,844%), from €631 to €12,256
- Staff costs -€10,231
down €10,231 (-5.7%), from €180,493 to €170,262
- Financial charges -€7,489
down €7,489 (-30.8%), from €24,348 to €16,860
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,262 | €524,703 | +€9,441 | +1.8% |
| Fixed assets | 21/28 | €5,783 | €2,317 | -€3,466 | -59.9% |
| Intangible fixed assets | 21 | €971 | €151 | -€820 | -84.5% |
| Tangible fixed assets | 22/27 | €4,812 | €2,167 | -€2,646 | -55.0% |
| Plant, machinery and equipment | 23 | €1,333 | - | -€1,333 | |
| Furniture and vehicles | 24 | €3,480 | €2,167 | -€1,313 | -37.7% |
| Current assets | 29/58 | €509,479 | €522,386 | +€12,906 | +2.5% |
| Stocks and contracts in progress | 3 | €108,218 | €139,582 | +€31,364 | +29.0% |
| Stocks | 30/36 | €108,218 | €139,582 | +€31,364 | +29.0% |
| Amounts receivable within one year | 40/41 | €321,624 | €361,089 | +€39,466 | +12.3% |
| Trade receivables | 40 | €89,505 | €71,128 | -€18,376 | -20.5% |
| Other amounts receivable | 41 | €232,119 | €289,961 | +€57,842 | +24.9% |
| Cash at bank and in hand | 54/58 | €79,234 | €21,096 | -€58,137 | -73.4% |
| Deferred charges and accrued income | 490/1 | €404 | €618 | +€214 | +53.0% |
| Total equity and liabilities | 10/49 | €515,262 | €524,703 | +€9,441 | +1.8% |
| Equity | 10/15 | €273,758 | €250,541 | -€23,217 | -8.5% |
| Contributions | 10/11 | €109,000 | €109,000 | = | 0.0% |
| Reserves | 13 | €164,758 | €141,541 | -€23,217 | -14.1% |
| Non-distributable reserves | 130/1 | €7,594 | €7,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,594 | €7,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,514 | €7,514 | = | 0.0% |
| Distributable reserves | 133 | €149,649 | €126,433 | -€23,217 | -15.5% |
| Amounts payable | 17/49 | €241,504 | €274,162 | +€32,657 | +13.5% |
| Amounts payable within one year | 42/48 | €241,504 | €274,162 | +€32,657 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €1,718 | - | -€1,718 | |
| Financial debts | 43 | €105,000 | €106,739 | +€1,739 | +1.7% |
| Credit institutions | 430/8 | €105,000 | €106,739 | +€1,739 | +1.7% |
| Trade debts | 44 | €108,749 | €144,707 | +€35,958 | +33.1% |
| Suppliers | 440/4 | €108,749 | €144,707 | +€35,958 | +33.1% |
| Taxes, remuneration and social security | 45 | €24,520 | €22,715 | -€1,805 | -7.4% |
| Taxes | 450/3 | €19,066 | €17,317 | -€1,749 | -9.2% |
| Remuneration and social security | 454/9 | €5,454 | €5,398 | -€56 | -1.0% |
| Other amounts payable | 47/48 | €1,517 | - | -€1,517 | |
| Remuneration, social security and pensions | 62 | €180,493 | €170,262 | -€10,231 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,032 | €3,466 | -€566 | -14.0% |
| Other operating charges | 640/8 | €4,032 | €1,316 | -€2,717 | -67.4% |
| Gross operating margin | 9900 | €273,203 | €156,785 | -€116,419 | -42.6% |
| Operating profit (loss) | 9901 | €84,646 | -€18,259 | -€102,905 | |
| Financial income | 75/76B | €631 | €12,256 | +€11,625 | +1,844% |
| Recurring financial income | 75 | €631 | €12,256 | +€11,625 | +1,844% |
| Financial charges | 65/66B | €24,348 | €16,860 | -€7,489 | -30.8% |
| Recurring financial charges | 65 | €24,348 | €16,860 | -€7,489 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €60,928 | -€22,863 | -€83,792 | |
| Income taxes | 67/77 | €17,966 | €353 | -€17,613 | -98.0% |
| Profit (loss) for the period | 9904 | €42,962 | -€23,217 | -€66,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,962 | -€23,217 | -€66,178 |
Next steps
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 2 November 2026 via checked.be.