Verlimac: 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.
Verlimac
Largest movements
- Cash +€137,146
up €137,146 (+324%), from €42,381 to €179,526
mainly Net result for the year (+€121,723) and Depreciation (+€103,976)
- Tangible fixed assets -€74,242
down €74,242 (-17.6%), from €422,317 to €348,075
of which Plant, machinery and equipment: -€62,298
- Stocks and contracts -€46,833
down €46,833 (-28.3%), from €165,223 to €118,389
- Receivables within one year -€28,308
down €28,308 (-17.9%), from €158,079 to €129,771
of which Trade receivables: -€25,926
- Intangible fixed assets +€20,096
up €20,096 (+1,275%), from €1,576 to €21,672
- Reserves +€92,990
up €92,990 (+62.4%), from €148,983 to €241,973
- Trade debts -€51,854
down €51,854 (-67.6%), from €76,684 to €24,829
- Debts after one year -€41,632
down €41,632 (-9.5%), from €438,845 to €397,213
- Current portion of long-term debt +€15,821
up €15,821 (+17.4%), from €90,822 to €106,643
- Gross operating margin +€74,009
up €74,009 (+36.5%), from €202,583 to €276,592
- Taxes +€25,368
up €25,368 (+89.1%), from €28,461 to €53,829
- Financial income +€8,992
up €8,992 (+75.6%), from €11,894 to €20,887
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 | €797,259 | €813,151 | +€15,892 | +2.0% |
| Formation expenses | 20 | €1,847 | €1,083 | -€764 | -41.4% |
| Fixed assets | 21/28 | €423,893 | €369,747 | -€54,146 | -12.8% |
| Intangible fixed assets | 21 | €1,576 | €21,672 | +€20,096 | +1,275% |
| Tangible fixed assets | 22/27 | €422,317 | €348,075 | -€74,242 | -17.6% |
| Land and buildings | 22 | €126,771 | €125,764 | -€1,007 | -0.8% |
| Plant, machinery and equipment | 23 | €260,995 | €198,696 | -€62,298 | -23.9% |
| Furniture and vehicles | 24 | €34,551 | €23,615 | -€10,937 | -31.7% |
| Current assets | 29/58 | €371,520 | €442,322 | +€70,802 | +19.1% |
| Stocks and contracts in progress | 3 | €165,223 | €118,389 | -€46,833 | -28.3% |
| Stocks | 30/36 | €165,223 | €118,389 | -€46,833 | -28.3% |
| Amounts receivable within one year | 40/41 | €158,079 | €129,771 | -€28,308 | -17.9% |
| Trade receivables | 40 | €138,641 | €112,716 | -€25,926 | -18.7% |
| Other amounts receivable | 41 | €19,437 | €17,055 | -€2,382 | -12.3% |
| Cash at bank and in hand | 54/58 | €42,381 | €179,526 | +€137,146 | +324% |
| Deferred charges and accrued income | 490/1 | €5,838 | €14,635 | +€8,797 | +151% |
| Total equity and liabilities | 10/49 | €797,259 | €813,151 | +€15,892 | +2.0% |
| Equity | 10/15 | €156,407 | €249,397 | +€92,990 | +59.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €148,983 | €241,973 | +€92,990 | +62.4% |
| Distributable reserves | 133 | €148,983 | €241,973 | +€92,990 | +62.4% |
| Profit (loss) carried forward | 14 | €4,925 | €4,925 | = | 0.0% |
| Amounts payable | 17/49 | €640,852 | €563,754 | -€77,098 | -12.0% |
| Amounts payable after more than one year | 17 | €438,845 | €397,213 | -€41,632 | -9.5% |
| Financial debts | 170/4 | €438,845 | €397,213 | -€41,632 | -9.5% |
| Amounts payable within one year | 42/48 | €201,877 | €166,480 | -€35,397 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €90,822 | €106,643 | +€15,821 | +17.4% |
| Financial debts | 43 | €5,000 | €11,792 | +€6,792 | +136% |
| Credit institutions | 430/8 | €5,000 | €11,792 | +€6,792 | +136% |
| Trade debts | 44 | €76,684 | €24,829 | -€51,854 | -67.6% |
| Suppliers | 440/4 | €76,684 | €24,829 | -€51,854 | -67.6% |
| Taxes, remuneration and social security | 45 | €15,105 | €10,907 | -€4,198 | -27.8% |
| Taxes | 450/3 | €15,105 | €10,907 | -€4,198 | -27.8% |
| Other amounts payable | 47/48 | €14,266 | €12,308 | -€1,958 | -13.7% |
| Accrued charges and deferred income | 492/3 | €131 | €61 | -€70 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,776 | €103,976 | +€1,200 | +1.2% |
| Other operating charges | 640/8 | €2,278 | €3,015 | +€737 | +32.3% |
| Gross operating margin | 9900 | €202,583 | €276,592 | +€74,009 | +36.5% |
| Operating profit (loss) | 9901 | €97,529 | €169,601 | +€72,072 | +73.9% |
| Financial income | 75/76B | €11,894 | €20,887 | +€8,992 | +75.6% |
| Recurring financial income | 75 | €11,894 | €20,887 | +€8,992 | +75.6% |
| Financial charges | 65/66B | €17,280 | €14,937 | -€2,344 | -13.6% |
| Recurring financial charges | 65 | €17,280 | €14,937 | -€2,344 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €92,143 | €175,552 | +€83,409 | +90.5% |
| Income taxes | 67/77 | €28,461 | €53,829 | +€25,368 | +89.1% |
| Profit (loss) for the period | 9904 | €63,682 | €121,723 | +€58,041 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,682 | €121,723 | +€58,041 | +91.1% |
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 26 October 2026 via checked.be.