Verlinden PJP: 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.
Verlinden PJP
Largest movements
- Tangible fixed assets -€4,550
down €4,550 (-4.0%), from €113,346 to €108,796
- Other debts +€16,337
up €16,337 (+6.0%), from €273,032 to €289,370
- Profit (loss) carried forward -€9,716
down €9,716 (-17.2%), from -€56,542 to -€66,259
- Debts after one year -€6,845
down €6,845 (-3.2%), from €216,117 to €209,273
- Financial charges -€3,777
down €3,777 (-35.1%), from €10,753 to €6,976
- Gross operating margin +€1,333
up €1,333 (+45.9%), from €2,905 to €4,238
- Other operating charges +€270
up €270 (+12.5%), from €2,158 to €2,428
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 | €446,470 | €446,451 | -€19 | 0.0% |
| Fixed assets | 21/28 | €113,346 | €108,796 | -€4,550 | -4.0% |
| Tangible fixed assets | 22/27 | €113,346 | €108,796 | -€4,550 | -4.0% |
| Land and buildings | 22 | €113,346 | €108,796 | -€4,550 | -4.0% |
| Current assets | 29/58 | €333,124 | €337,655 | +€4,531 | +1.4% |
| Stocks and contracts in progress | 3 | €331,766 | €332,581 | +€815 | +0.2% |
| Stocks | 30/36 | €331,766 | €332,581 | +€815 | +0.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €972 | €4,671 | +€3,699 | +380% |
| Deferred charges and accrued income | 490/1 | €386 | €403 | +€17 | +4.4% |
| Total equity and liabilities | 10/49 | €446,470 | €446,451 | -€19 | 0.0% |
| Equity | 10/15 | -€53,542 | -€63,259 | -€9,716 | -18.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,542 | -€66,259 | -€9,716 | -17.2% |
| Amounts payable | 17/49 | €500,013 | €509,709 | +€9,697 | +1.9% |
| Amounts payable after more than one year | 17 | €216,117 | €209,273 | -€6,845 | -3.2% |
| Financial debts | 170/4 | €216,117 | €209,273 | -€6,845 | -3.2% |
| Amounts payable within one year | 42/48 | €283,895 | €300,437 | +€16,542 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €7,395 | €7,507 | +€112 | +1.5% |
| Trade debts | 44 | €2,685 | €926 | -€1,760 | -65.5% |
| Suppliers | 440/4 | €2,685 | €926 | -€1,760 | -65.5% |
| Advances received on contracts in progress | 46 | - | €424 | +€424 | |
| Taxes, remuneration and social security | 45 | €783 | €2,211 | +€1,428 | +183% |
| Taxes | 450/3 | €783 | €2,211 | +€1,428 | +183% |
| Other amounts payable | 47/48 | €273,032 | €289,370 | +€16,337 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,550 | €4,550 | = | 0.0% |
| Other operating charges | 640/8 | €2,158 | €2,428 | +€270 | +12.5% |
| Gross operating margin | 9900 | €2,905 | €4,238 | +€1,333 | +45.9% |
| Operating profit (loss) | 9901 | -€3,803 | -€2,740 | +€1,064 | +28.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,753 | €6,976 | -€3,777 | -35.1% |
| Recurring financial charges | 65 | €10,753 | €6,976 | -€3,777 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,556 | -€9,716 | +€4,840 | +33.3% |
| Profit (loss) for the period | 9904 | -€14,556 | -€9,716 | +€4,840 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,556 | -€9,716 | +€4,840 | +33.3% |
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 30 October 2026 via checked.be.