VERLIMAS: 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.
VERLIMAS
Largest movements
- Receivables within one year -€160,534
down €160,534 (-49.2%), from €326,276 to €165,742
of which Trade receivables: -€148,414
- Stocks and contracts -€138,494
down €138,494 (-50.2%), from €275,880 to €137,386
- Tangible fixed assets -€59,354
down €59,354 (-36.7%), from €161,705 to €102,350
of which Plant, machinery and equipment: -€51,151
- Cash +€40,970
up €40,970 (+462938.9%), from €9 to €40,979
mainly Provisions (+€687,001) and Other debts (+€285,548)
- Profit (loss) carried forward -€1.1m
down €1.1m (-18.1%), from -€6.3m to -€7.4m
- Provisions +€687,001
new in 2025: €687,001
- Other debts +€285,548
up €285,548 (+10.3%), from €2.8m to €3.0m
- Tax, wage and social debts -€161,243
down €161,243 (-37.6%), from €428,497 to €267,254
of which Remuneration and social security: -€168,548
- Trade debts -€16,630
down €16,630 (-5.3%), from €313,720 to €297,090
- Staff costs -€400,453
down €400,453 (-27.5%), from €1.5m to €1.1m
- Gross operating margin -€218,027
down €218,027 (-24.5%), from €890,932 to €672,905
- Write-downs -€190,220
down €190,220, from €103,081 to -€87,139
- Financial charges -€51,780
down €51,780 (-36.2%), from €143,091 to €91,311
- Depreciation -€40,325
down €40,325 (-50.3%), from €80,226 to €39,901
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 | €775,729 | €452,402 | -€323,327 | -41.7% |
| Fixed assets | 21/28 | €161,705 | €102,350 | -€59,354 | -36.7% |
| Tangible fixed assets | 22/27 | €161,705 | €102,350 | -€59,354 | -36.7% |
| Plant, machinery and equipment | 23 | €152,372 | €101,221 | -€51,151 | -33.6% |
| Furniture and vehicles | 24 | €1,697 | €1,129 | -€568 | -33.5% |
| Leasing and similar rights | 25 | €654 | - | -€654 | |
| Other tangible fixed assets | 26 | €6,981 | - | -€6,981 | |
| Current assets | 29/58 | €614,025 | €350,052 | -€263,973 | -43.0% |
| Stocks and contracts in progress | 3 | €275,880 | €137,386 | -€138,494 | -50.2% |
| Stocks | 30/36 | €275,880 | €137,386 | -€138,494 | -50.2% |
| Amounts receivable within one year | 40/41 | €326,276 | €165,742 | -€160,534 | -49.2% |
| Trade receivables | 40 | €307,762 | €159,348 | -€148,414 | -48.2% |
| Other amounts receivable | 41 | €18,514 | €6,395 | -€12,120 | -65.5% |
| Cash at bank and in hand | 54/58 | €9 | €40,979 | +€40,970 | +462938.9% |
| Deferred charges and accrued income | 490/1 | €11,859 | €5,945 | -€5,915 | -49.9% |
| Total equity and liabilities | 10/49 | €775,729 | €452,402 | -€323,327 | -41.7% |
| Equity | 10/15 | -€2,735,501 | -€3,866,027 | -€1.1m | -41.3% |
| Contributions | 10/11 | €3,485,041 | €3,485,041 | = | 0.0% |
| Capital | 10 | €3,483,000 | €3,483,000 | = | 0.0% |
| Issued capital | 100 | €3,483,000 | €3,483,000 | = | 0.0% |
| Outside capital | 11 | €2,041 | €2,041 | = | 0.0% |
| Share premium | 1100/10 | €2,041 | €2,041 | = | 0.0% |
| Reserves | 13 | €41,487 | €41,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,487 | €41,487 | = | 0.0% |
| Legal reserve | 130 | €40,979 | €40,979 | = | 0.0% |
| Reserves not available under the articles | 1311 | €508 | €508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,262,029 | -€7,392,555 | -€1.1m | -18.1% |
| Provisions and deferred taxes | 16 | - | €687,001 | +€687,001 | |
| Provisions for liabilities and charges | 160/5 | - | €687,001 | +€687,001 | |
| Other liabilities and charges | 164/5 | - | €687,001 | +€687,001 | |
| Amounts payable | 17/49 | €3,511,230 | €3,631,429 | +€120,198 | +3.4% |
| Amounts payable within one year | 42/48 | €3,505,230 | €3,612,529 | +€107,298 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €376 | - | -€376 | |
| Trade debts | 44 | €313,720 | €297,090 | -€16,630 | -5.3% |
| Suppliers | 440/4 | €313,720 | €297,090 | -€16,630 | -5.3% |
| Taxes, remuneration and social security | 45 | €428,497 | €267,254 | -€161,243 | -37.6% |
| Taxes | 450/3 | €93,063 | €100,367 | +€7,305 | +7.8% |
| Remuneration and social security | 454/9 | €335,434 | €166,887 | -€168,548 | -50.2% |
| Other amounts payable | 47/48 | €2,762,637 | €3,048,185 | +€285,548 | +10.3% |
| Accrued charges and deferred income | 492/3 | €6,000 | €18,900 | +€12,900 | +215.0% |
| Non-recurring operating income | 76A | €110,444 | €363,728 | +€253,285 | +229.3% |
| Remuneration, social security and pensions | 62 | €1,453,731 | €1,053,278 | -€400,453 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,226 | €39,901 | -€40,325 | -50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €103,081 | -€87,139 | -€190,220 | |
| Other operating charges | 640/8 | €3,959 | €13,868 | +€9,909 | +250.3% |
| Non-recurring operating charges | 66A | €64,730 | €692,112 | +€627,382 | +969.2% |
| Gross operating margin | 9900 | €890,932 | €672,905 | -€218,027 | -24.5% |
| Operating profit (loss) | 9901 | -€814,796 | -€1,039,115 | -€224,319 | -27.5% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €143,091 | €91,311 | -€51,780 | -36.2% |
| Recurring financial charges | 65 | €143,091 | €91,311 | -€51,780 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€957,823 | -€1,130,426 | -€172,602 | -18.0% |
| Income taxes | 67/77 | €411 | €101 | -€310 | -75.5% |
| Profit (loss) for the period | 9904 | -€958,234 | -€1,130,526 | -€172,292 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€958,234 | -€1,130,526 | -€172,292 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.