VERLINDEN: 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.
VERLINDEN
Largest movements
- Tangible fixed assets -€5,543
down €5,543 (-1.9%), from €298,945 to €293,402
of which Land and buildings: -€10,128
- Reserves +€23,644
up €23,644 (+31.8%), from €74,366 to €98,010
- Debts after one year -€19,714
no longer reported in 2025 (was €19,714)
- Current portion of long-term debt -€13,624
down €13,624 (-40.9%), from €33,338 to €19,714
- Tax, wage and social debts +€5,726
up €5,726 (+28.1%), from €20,360 to €26,086
- Other debts -€5,249
down €5,249 (-3.7%), from €141,438 to €136,189
- Purchases and services -€4,134
down €4,134 (-5.7%), from €73,056 to €68,922
- Gross operating margin +€3,918
up €3,918 (+7.6%), from €51,644 to €55,561
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 | €308,009 | €302,291 | -€5,718 | -1.9% |
| Fixed assets | 21/28 | €298,945 | €293,402 | -€5,543 | -1.9% |
| Tangible fixed assets | 22/27 | €298,945 | €293,402 | -€5,543 | -1.9% |
| Land and buildings | 22 | €285,947 | €275,819 | -€10,128 | -3.5% |
| Plant, machinery and equipment | 23 | €5,378 | €4,707 | -€671 | -12.5% |
| Furniture and vehicles | 24 | €7,620 | €12,875 | +€5,256 | +69.0% |
| Current assets | 29/58 | €9,064 | €8,890 | -€174 | -1.9% |
| Cash at bank and in hand | 54/58 | €2,028 | €2,038 | +€10 | +0.5% |
| Deferred charges and accrued income | 490/1 | €7,036 | €6,851 | -€185 | -2.6% |
| Total equity and liabilities | 10/49 | €308,009 | €302,291 | -€5,718 | -1.9% |
| Equity | 10/15 | €86,766 | €110,410 | +€23,644 | +27.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,366 | €98,010 | +€23,644 | +31.8% |
| Distributable reserves | 133 | €74,366 | €98,010 | +€23,644 | +31.8% |
| Amounts payable | 17/49 | €221,242 | €191,881 | -€29,361 | -13.3% |
| Amounts payable after more than one year | 17 | €19,714 | - | -€19,714 | |
| Financial debts | 170/4 | €19,714 | - | -€19,714 | |
| Amounts payable within one year | 42/48 | €199,068 | €188,911 | -€10,156 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €33,338 | €19,714 | -€13,624 | -40.9% |
| Financial debts | 43 | - | €4,180 | +€4,180 | |
| Credit institutions | 430/8 | - | €4,180 | +€4,180 | |
| Trade debts | 44 | €3,932 | €2,743 | -€1,189 | -30.2% |
| Suppliers | 440/4 | €3,932 | €2,743 | -€1,189 | -30.2% |
| Taxes, remuneration and social security | 45 | €20,360 | €26,086 | +€5,726 | +28.1% |
| Taxes | 450/3 | €20,360 | €26,086 | +€5,726 | +28.1% |
| Other amounts payable | 47/48 | €141,438 | €136,189 | -€5,249 | -3.7% |
| Accrued charges and deferred income | 492/3 | €2,461 | €2,970 | +€509 | +20.7% |
| Turnover | 70 | €124,700 | €124,483 | -€216 | -0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,056 | €68,922 | -€4,134 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,726 | €15,481 | +€755 | +5.1% |
| Other operating charges | 640/8 | €1,620 | €2,166 | +€546 | +33.7% |
| Gross operating margin | 9900 | €51,644 | €55,561 | +€3,918 | +7.6% |
| Operating profit (loss) | 9901 | €35,297 | €37,914 | +€2,617 | +7.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2900.0% |
| Financial charges | 65/66B | €1,278 | €810 | -€468 | -36.6% |
| Recurring financial charges | 65 | €1,278 | €810 | -€468 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €34,019 | €37,104 | +€3,085 | +9.1% |
| Income taxes | 67/77 | €12,625 | €13,460 | +€835 | +6.6% |
| Profit (loss) for the period | 9904 | €21,394 | €23,644 | +€2,250 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,394 | €23,644 | +€2,250 | +10.5% |
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 7 October 2026 via checked.be.