VERLITECH: 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.
What changed
VERLITECH
NACE 22.210, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,905
2024 · -€18,876-€25,029
Equity
€1.5m
2024 · €1.6m-€43,905
Cash
€16,705
2024 · €19,820-€3,115
Balance sheet total
€3.3m
2024 · €3.4m-€132,058
Largest movements
Assets
- Tangible fixed assets -€144,414
down €144,414 (-5.2%), from €2.8m to €2.6m
of which Land and buildings: -€141,993
Equity and liabilities
- Debts after one year -€161,971
down €161,971 (-13.0%), from €1.2m to €1.1m
- Trade debts +€67,222
up €67,222 (+101.0%), from €66,559 to €133,781
- Other debts +€57,768
up €57,768 (+176.4%), from €32,746 to €90,514
Income statement
- Gross operating margin -€40,529
down €40,529 (-14.4%), from €281,149 to €240,621
- Taxes -€8,597
down €8,597 (-96.6%), from €8,897 to €300
- Financial charges -€5,734
down €5,734 (-9.7%), from €59,046 to €53,311
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.
Result 2024
-€18,876
Gross operating margin
-€40,529
Depreciation
+€1,647
Other operating charges
-€576
Financial income
+€54
Financial charges
+€5,734
Taxes
+€8,597
Deferred taxes and other
+€43
Result 2025
-€43,905
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.
From operations
+€276,223
Investment
-€93,939
Financing
-€185,400
Cash 2024
€19,820
From operations (derived)
+€276,223
Net result for the year
-€43,905
Depreciation
+€224,337
Receivables after one year
-€4,137
Receivables within one year
-€2,215
Deferred charges and accrued income
+€4,898
Provisions
-€12,082
Trade debts
+€67,222
Tax, wage and social debts
-€15,772
Other debts
+€57,768
Accrued charges and deferred income
+€110
Investment (derived)
-€93,939
Investment in fixed assets (net)
-€93,939
Financing
-€185,400
Debts after one year
-€161,971
Current portion of long-term debt
-€32,135
Short-term financial debts
+€8,707
Cash 2025
€16,705
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,394,535 | €3,262,477 | -€132,058 | -3.9% |
| Fixed assets | 21/28 | €2,977,740 | €2,847,342 | -€130,398 | -4.4% |
| Intangible fixed assets | 21 | €191,003 | €205,019 | +€14,016 | +7.3% |
| Tangible fixed assets | 22/27 | €2,786,737 | €2,642,323 | -€144,414 | -5.2% |
| Land and buildings | 22 | €2,784,317 | €2,642,323 | -€141,993 | -5.1% |
| Furniture and vehicles | 24 | €2,421 | - | -€2,421 | |
| Current assets | 29/58 | €416,795 | €415,135 | -€1,661 | -0.4% |
| Amounts receivable after more than one year | 29 | €313,393 | €317,529 | +€4,137 | +1.3% |
| Other amounts receivable | 291 | €313,393 | €317,529 | +€4,137 | +1.3% |
| Amounts receivable within one year | 40/41 | €69,552 | €71,768 | +€2,215 | +3.2% |
| Trade receivables | 40 | €4,707 | €6,922 | +€2,215 | +47.1% |
| Other amounts receivable | 41 | €64,845 | €64,845 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,820 | €16,705 | -€3,115 | -15.7% |
| Deferred charges and accrued income | 490/1 | €14,031 | €9,133 | -€4,898 | -34.9% |
| Total equity and liabilities | 10/49 | €3,394,535 | €3,262,477 | -€132,058 | -3.9% |
| Equity | 10/15 | €1,592,299 | €1,548,394 | -€43,905 | -2.8% |
| Contributions | 10/11 | €6,350 | €6,350 | = | 0.0% |
| Revaluation surpluses | 12 | €280,989 | €270,972 | -€10,017 | -3.6% |
| Reserves | 13 | €1,304,960 | €1,271,072 | -€33,888 | -2.6% |
| Tax-exempt reserves | 132 | €446,180 | €409,933 | -€36,247 | -8.1% |
| Distributable reserves | 133 | €858,780 | €861,139 | +€2,359 | +0.3% |
| Provisions and deferred taxes | 16 | €148,727 | €136,644 | -€12,082 | -8.1% |
| Deferred taxes | 168 | €148,727 | €136,644 | -€12,082 | -8.1% |
| Amounts payable | 17/49 | €1,653,510 | €1,577,438 | -€76,072 | -4.6% |
| Amounts payable after more than one year | 17 | €1,241,876 | €1,079,904 | -€161,971 | -13.0% |
| Financial debts | 170/4 | €1,241,876 | €1,079,904 | -€161,971 | -13.0% |
| Amounts payable within one year | 42/48 | €409,484 | €495,274 | +€85,790 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €294,107 | €261,972 | -€32,135 | -10.9% |
| Financial debts | 43 | - | €8,707 | +€8,707 | |
| Credit institutions | 430/8 | - | €8,707 | +€8,707 | |
| Trade debts | 44 | €66,559 | €133,781 | +€67,222 | +101.0% |
| Suppliers | 440/4 | €66,559 | €133,781 | +€67,222 | +101.0% |
| Taxes, remuneration and social security | 45 | €16,072 | €300 | -€15,772 | -98.1% |
| Taxes | 450/3 | €16,072 | €300 | -€15,772 | -98.1% |
| Other amounts payable | 47/48 | €32,746 | €90,514 | +€57,768 | +176.4% |
| Accrued charges and deferred income | 492/3 | €2,150 | €2,260 | +€110 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,984 | €224,337 | -€1,647 | -0.7% |
| Other operating charges | 640/8 | €22,220 | €22,797 | +€576 | +2.6% |
| Gross operating margin | 9900 | €281,149 | €240,621 | -€40,529 | -14.4% |
| Operating profit (loss) | 9901 | €32,945 | -€6,513 | -€39,458 | |
| Financial income | 75/76B | €4,083 | €4,137 | +€54 | +1.3% |
| Recurring financial income | 75 | €4,083 | €4,137 | +€54 | +1.3% |
| Financial charges | 65/66B | €59,046 | €53,311 | -€5,734 | -9.7% |
| Recurring financial charges | 65 | €59,046 | €53,311 | -€5,734 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,018 | -€55,687 | -€33,669 | -152.9% |
| Transfer from deferred taxes | 780 | €12,039 | €12,082 | +€43 | +0.4% |
| Income taxes | 67/77 | €8,897 | €300 | -€8,597 | -96.6% |
| Profit (loss) for the period | 9904 | -€18,876 | -€43,905 | -€25,029 | -132.6% |
| Transfer from tax-exempt reserves | 789 | €36,117 | €36,247 | +€130 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,241 | -€7,658 | -€24,899 |
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 10 October 2026 via checked.be.