Verlink: what changed
Verlink
Largest movements
- Cash +€12,106
up €12,106 (+40.3%), from €30,039 to €42,145
mainly Net result for the year (+€21,063) and Depreciation (+€9,437)
- Receivables within one year +€10,211
up €10,211 (+201%), from €5,088 to €15,299
of which Trade receivables: +€11,082
- Tangible fixed assets -€5,829
down €5,829 (-16.2%), from €36,080 to €30,250
of which Furniture and vehicles: -€8,234
- Profit (loss) carried forward +€21,063
up €21,063 (+130%), from €16,208 to €37,271
- Debts after one year -€7,847
down €7,847 (-34.4%), from €22,828 to €14,980
- Tax, wage and social debts +€6,960
up €6,960 (+56.0%), from €12,427 to €19,387
of which Taxes: +€7,091
- Trade debts -€2,561
down €2,561 (-92.9%), from €2,755 to €194
- Other debts -€1,799
down €1,799 (-37.4%), from €4,812 to €3,014
- Gross operating margin +€14,776
up €14,776 (+60.5%), from €24,408 to €39,185
- Depreciation +€6,750
up €6,750 (+251%), from €2,687 to €9,437
- Taxes +€2,383
up €2,383 (+54.5%), from €4,375 to €6,758
- Financial charges +€1,331
up €1,331 (+345%), from €386 to €1,717
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,207 | €87,694 | +€16,487 | +23.2% |
| Fixed assets | 21/28 | €36,080 | €30,250 | -€5,829 | -16.2% |
| Tangible fixed assets | 22/27 | €36,080 | €30,250 | -€5,829 | -16.2% |
| Plant, machinery and equipment | 23 | - | €2,405 | +€2,405 | |
| Furniture and vehicles | 24 | €36,080 | €27,845 | -€8,234 | -22.8% |
| Current assets | 29/58 | €35,127 | €57,444 | +€22,317 | +63.5% |
| Amounts receivable within one year | 40/41 | €5,088 | €15,299 | +€10,211 | +201% |
| Trade receivables | 40 | €4,217 | €15,299 | +€11,082 | +263% |
| Other amounts receivable | 41 | €871 | - | -€871 | |
| Cash at bank and in hand | 54/58 | €30,039 | €42,145 | +€12,106 | +40.3% |
| Total equity and liabilities | 10/49 | €71,207 | €87,694 | +€16,487 | +23.2% |
| Equity | 10/15 | €21,208 | €42,271 | +€21,063 | +99.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,208 | €37,271 | +€21,063 | +130% |
| Amounts payable | 17/49 | €49,999 | €45,423 | -€4,576 | -9.2% |
| Amounts payable after more than one year | 17 | €22,828 | €14,980 | -€7,847 | -34.4% |
| Financial debts | 170/4 | €22,828 | €14,980 | -€7,847 | -34.4% |
| Amounts payable within one year | 42/48 | €27,171 | €30,443 | +€3,272 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €7,177 | €7,847 | +€671 | +9.3% |
| Trade debts | 44 | €2,755 | €194 | -€2,561 | -92.9% |
| Suppliers | 440/4 | €2,755 | €194 | -€2,561 | -92.9% |
| Taxes, remuneration and social security | 45 | €12,427 | €19,387 | +€6,960 | +56.0% |
| Taxes | 450/3 | €12,296 | €19,387 | +€7,091 | +57.7% |
| Remuneration and social security | 454/9 | €131 | - | -€131 | |
| Other amounts payable | 47/48 | €4,812 | €3,014 | -€1,799 | -37.4% |
| Remuneration, social security and pensions | 62 | €320 | - | -€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,687 | €9,437 | +€6,750 | +251% |
| Other operating charges | 640/8 | €433 | €452 | +€19 | +4.3% |
| Gross operating margin | 9900 | €24,408 | €39,185 | +€14,776 | +60.5% |
| Operating profit (loss) | 9901 | €20,968 | €29,296 | +€8,328 | +39.7% |
| Financial income | 75/76B | - | €242 | +€242 | |
| Recurring financial income | 75 | - | €242 | +€242 | |
| Financial charges | 65/66B | €386 | €1,717 | +€1,331 | +345% |
| Recurring financial charges | 65 | €386 | €1,717 | +€1,331 | +345% |
| Profit (loss) for the period before taxes | 9903 | €20,582 | €27,821 | +€7,239 | +35.2% |
| Income taxes | 67/77 | €4,375 | €6,758 | +€2,383 | +54.5% |
| Profit (loss) for the period | 9904 | €16,208 | €21,063 | +€4,855 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,208 | €21,063 | +€4,855 | +30.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.