Verlinden Services: 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 Services
Largest movements
- Receivables within one year +€86,277
up €86,277 (+86.4%), from €99,845 to €186,121
of which Other amounts receivable: +€72,632
- Receivables after one year -€70,000
down €70,000 (-43.3%), from €161,667 to €91,667
- Cash +€12,855
up €12,855 (+28.6%), from €44,949 to €57,804
mainly Net result for the year (+€122,507) and Receivables after one year (+€70,000)
- Reserves +€22,507
up €22,507 (+8.7%), from €260,177 to €282,684
of which Distributable reserves: +€22,507
- Tax, wage and social debts +€7,656
up €7,656 (+21.8%), from €35,044 to €42,699
- Gross operating margin +€16,476
up €16,476 (+10.2%), from €162,191 to €178,667
- Taxes +€16,045
up €16,045 (+45.9%), from €34,948 to €50,994
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 | €314,042 | €344,120 | +€30,078 | +9.6% |
| Fixed assets | 21/28 | €6,112 | €7,280 | +€1,168 | +19.1% |
| Tangible fixed assets | 22/27 | €6,112 | €7,280 | +€1,168 | +19.1% |
| Plant, machinery and equipment | 23 | €5,569 | €6,970 | +€1,401 | +25.2% |
| Furniture and vehicles | 24 | €543 | €310 | -€233 | -42.9% |
| Current assets | 29/58 | €307,929 | €336,840 | +€28,911 | +9.4% |
| Amounts receivable after more than one year | 29 | €161,667 | €91,667 | -€70,000 | -43.3% |
| Other amounts receivable | 291 | €161,667 | €91,667 | -€70,000 | -43.3% |
| Amounts receivable within one year | 40/41 | €99,845 | €186,121 | +€86,277 | +86.4% |
| Trade receivables | 40 | €21,879 | €35,523 | +€13,645 | +62.4% |
| Other amounts receivable | 41 | €77,966 | €150,598 | +€72,632 | +93.2% |
| Cash at bank and in hand | 54/58 | €44,949 | €57,804 | +€12,855 | +28.6% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,248 | -€222 | -15.1% |
| Total equity and liabilities | 10/49 | €314,042 | €344,120 | +€30,078 | +9.6% |
| Equity | 10/15 | €278,777 | €301,284 | +€22,507 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,177 | €282,684 | +€22,507 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,198 | €21,198 | = | 0.0% |
| Distributable reserves | 133 | €237,119 | €259,626 | +€22,507 | +9.5% |
| Amounts payable | 17/49 | €35,265 | €42,836 | +€7,571 | +21.5% |
| Amounts payable within one year | 42/48 | €35,265 | €42,836 | +€7,571 | +21.5% |
| Trade debts | 44 | €221 | €137 | -€84 | -38.1% |
| Suppliers | 440/4 | €221 | €137 | -€84 | -38.1% |
| Taxes, remuneration and social security | 45 | €35,044 | €42,699 | +€7,656 | +21.8% |
| Taxes | 450/3 | €35,044 | €42,699 | +€7,656 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,716 | €4,092 | +€376 | +10.1% |
| Other operating charges | 640/8 | €801 | €793 | -€8 | -0.9% |
| Gross operating margin | 9900 | €162,191 | €178,667 | +€16,476 | +10.2% |
| Operating profit (loss) | 9901 | €157,675 | €173,782 | +€16,107 | +10.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €226 | €282 | +€56 | +24.6% |
| Recurring financial charges | 65 | €226 | €282 | +€56 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €157,448 | €173,500 | +€16,052 | +10.2% |
| Income taxes | 67/77 | €34,948 | €50,994 | +€16,045 | +45.9% |
| Profit (loss) for the period | 9904 | €122,500 | €122,507 | +€7 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,500 | €122,507 | +€7 | 0.0% |
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 4 October 2026 via checked.be.