VERLIMBO: 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.
VERLIMBO
Largest movements
- Receivables within one year +€131,805
up €131,805 (+118.1%), from €111,633 to €243,439
of which Other amounts receivable: +€105,000
- Cash -€44,444
down €44,444 (-28.8%), from €154,420 to €109,976
mainly Receivables within one year (-€131,805) and Other debts (-€50,766)
- Intangible fixed assets -€14,391
down €14,391 (-57.0%), from €25,234 to €10,843
- Tangible fixed assets -€12,206
down €12,206 (-8.3%), from €146,380 to €134,174
of which Land and buildings: -€7,298
- Reserves +€105,111
up €105,111 (+27.6%), from €381,122 to €486,233
- Other debts -€50,766
down €50,766 (-55.7%), from €91,115 to €40,349
- Tax, wage and social debts +€13,710
up €13,710 (+104.6%), from €13,106 to €26,815
- Gross operating margin +€26,954
up €26,954 (+26.1%), from €103,267 to €130,221
- Taxes +€19,632
up €19,632 (+117.1%), from €16,766 to €36,398
- Financial income +€14,201
up €14,201 (+15.1%), from €93,828 to €108,029
- Financial charges -€9,535
down €9,535 (-17.8%), from €53,491 to €43,956
- Provisions -€3,280
down €3,280, from €0 to -€3,280
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 | €973,332 | €1,031,380 | +€58,048 | +6.0% |
| Fixed assets | 21/28 | €401,502 | €374,905 | -€26,597 | -6.6% |
| Intangible fixed assets | 21 | €25,234 | €10,843 | -€14,391 | -57.0% |
| Tangible fixed assets | 22/27 | €146,380 | €134,174 | -€12,206 | -8.3% |
| Land and buildings | 22 | €121,178 | €113,880 | -€7,298 | -6.0% |
| Plant, machinery and equipment | 23 | €10,276 | €9,453 | -€823 | -8.0% |
| Furniture and vehicles | 24 | €14,926 | €10,840 | -€4,085 | -27.4% |
| Financial fixed assets | 28 | €229,889 | €229,889 | = | 0.0% |
| Current assets | 29/58 | €571,830 | €656,475 | +€84,645 | +14.8% |
| Amounts receivable within one year | 40/41 | €111,633 | €243,439 | +€131,805 | +118.1% |
| Trade receivables | 40 | €25,169 | €51,975 | +€26,805 | +106.5% |
| Other amounts receivable | 41 | €86,464 | €191,464 | +€105,000 | +121.4% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €154,420 | €109,976 | -€44,444 | -28.8% |
| Deferred charges and accrued income | 490/1 | €5,776 | €3,060 | -€2,716 | -47.0% |
| Total equity and liabilities | 10/49 | €973,332 | €1,031,380 | +€58,048 | +6.0% |
| Equity | 10/15 | €387,322 | €492,433 | +€105,111 | +27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €381,122 | €486,233 | +€105,111 | +27.6% |
| Distributable reserves | 133 | €381,122 | €486,233 | +€105,111 | +27.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €472,893 | €469,613 | -€3,280 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €472,893 | €469,613 | -€3,280 | -0.7% |
| Other liabilities and charges | 164/5 | €472,893 | €469,613 | -€3,280 | -0.7% |
| Amounts payable | 17/49 | €113,117 | €69,334 | -€43,782 | -38.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €108,884 | €69,334 | -€39,550 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €2,126 | €0 | -€2,126 | -100.0% |
| Trade debts | 44 | €2,538 | €2,170 | -€367 | -14.5% |
| Suppliers | 440/4 | €2,538 | €2,170 | -€367 | -14.5% |
| Taxes, remuneration and social security | 45 | €13,106 | €26,815 | +€13,710 | +104.6% |
| Taxes | 450/3 | €13,106 | €26,815 | +€13,710 | +104.6% |
| Other amounts payable | 47/48 | €91,115 | €40,349 | -€50,766 | -55.7% |
| Accrued charges and deferred income | 492/3 | €4,232 | €0 | -€4,232 | -100.0% |
| Non-recurring operating income | 76A | €15,945 | €1,308 | -€14,637 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,223 | €30,277 | +€1,054 | +3.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€3,280 | -€3,280 | |
| Other operating charges | 640/8 | €2,437 | €4,020 | +€1,583 | +64.9% |
| Gross operating margin | 9900 | €103,267 | €130,221 | +€26,954 | +26.1% |
| Operating profit (loss) | 9901 | €71,607 | €99,204 | +€27,597 | +38.5% |
| Financial income | 75/76B | €93,828 | €108,029 | +€14,201 | +15.1% |
| Recurring financial income | 75 | €93,828 | €108,029 | +€14,201 | +15.1% |
| Financial charges | 65/66B | €53,491 | €43,956 | -€9,535 | -17.8% |
| Recurring financial charges | 65 | €53,491 | €43,956 | -€9,535 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €111,944 | €163,277 | +€51,333 | +45.9% |
| Income taxes | 67/77 | €16,766 | €36,398 | +€19,632 | +117.1% |
| Profit (loss) for the period | 9904 | €95,178 | €126,879 | +€31,701 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,178 | €126,879 | +€31,701 | +33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.