VERLIZO: 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.
VERLIZO
Largest movements
- Current investments -€450,000
down €450,000 (-100%), from €450,000 to €0
- Tangible fixed assets -€131,645
down €131,645 (-24.5%), from €536,291 to €404,646
of which Plant, machinery and equipment: -€86,060
- Receivables within one year +€124,237
up €124,237 (+68.5%), from €181,462 to €305,699
of which Other amounts receivable: +€122,414
- Cash +€19,998
up €19,998 (+4.6%), from €433,248 to €453,246
mainly Current investments (+€450,000) and Net result for the year (+€186,622)
- Other debts -€425,977
down €425,977 (-70.2%), from €606,676 to €180,700
- Debts after one year -€45,000
down €45,000 (-25.5%), from €176,250 to €131,250
- Gross operating margin -€196,715
down €196,715 (-24.4%), from €805,457 to €608,742
- Taxes -€27,343
down €27,343 (-28.9%), from €94,567 to €67,224
- Other operating charges +€14,343
up €14,343 (+691%), from €2,075 to €16,418
- Staff costs -€12,240
down €12,240 (-5.6%), from €218,545 to €206,305
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,887,015 | €1,441,534 | -€445,480 | -23.6% |
| Fixed assets | 21/28 | €557,541 | €420,896 | -€136,645 | -24.5% |
| Intangible fixed assets | 21 | €21,250 | €16,250 | -€5,000 | -23.5% |
| Tangible fixed assets | 22/27 | €536,291 | €404,646 | -€131,645 | -24.5% |
| Plant, machinery and equipment | 23 | €328,481 | €242,421 | -€86,060 | -26.2% |
| Furniture and vehicles | 24 | €27 | €0 | -€27 | -100% |
| Other tangible fixed assets | 26 | €207,784 | €162,225 | -€45,559 | -21.9% |
| Current assets | 29/58 | €1,329,474 | €1,020,639 | -€308,835 | -23.2% |
| Stocks and contracts in progress | 3 | €255,061 | €254,197 | -€865 | -0.3% |
| Stocks | 30/36 | €255,061 | €254,197 | -€865 | -0.3% |
| Amounts receivable within one year | 40/41 | €181,462 | €305,699 | +€124,237 | +68.5% |
| Trade receivables | 40 | €107,051 | €108,874 | +€1,824 | +1.7% |
| Other amounts receivable | 41 | €74,411 | €196,825 | +€122,414 | +165% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100% |
| Cash at bank and in hand | 54/58 | €433,248 | €453,246 | +€19,998 | +4.6% |
| Deferred charges and accrued income | 490/1 | €9,702 | €7,496 | -€2,206 | -22.7% |
| Total equity and liabilities | 10/49 | €1,887,015 | €1,441,534 | -€445,480 | -23.6% |
| Equity | 10/15 | €667,027 | €673,649 | +€6,622 | +1.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €643,027 | €649,649 | +€6,622 | +1.0% |
| Amounts payable | 17/49 | €1,219,987 | €767,885 | -€452,102 | -37.1% |
| Amounts payable after more than one year | 17 | €176,250 | €131,250 | -€45,000 | -25.5% |
| Financial debts | 170/4 | €176,250 | €131,250 | -€45,000 | -25.5% |
| Amounts payable within one year | 42/48 | €1,041,953 | €635,248 | -€406,705 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €352,469 | €364,676 | +€12,207 | +3.5% |
| Suppliers | 440/4 | €352,469 | €364,676 | +€12,207 | +3.5% |
| Taxes, remuneration and social security | 45 | €37,807 | €44,872 | +€7,064 | +18.7% |
| Taxes | 450/3 | €5,633 | €862 | -€4,772 | -84.7% |
| Remuneration and social security | 454/9 | €32,174 | €44,010 | +€11,836 | +36.8% |
| Other amounts payable | 47/48 | €606,676 | €180,700 | -€425,977 | -70.2% |
| Accrued charges and deferred income | 492/3 | €1,784 | €1,388 | -€397 | -22.2% |
| Non-recurring operating income | 76A | €248 | €0 | -€248 | -100% |
| Remuneration, social security and pensions | 62 | €218,545 | €206,305 | -€12,240 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,993 | €136,645 | -€7,348 | -5.1% |
| Other operating charges | 640/8 | €2,075 | €16,418 | +€14,343 | +691% |
| Gross operating margin | 9900 | €805,457 | €608,742 | -€196,715 | -24.4% |
| Operating profit (loss) | 9901 | €440,844 | €249,373 | -€191,471 | -43.4% |
| Financial income | 75/76B | €6,004 | €8,152 | +€2,148 | +35.8% |
| Recurring financial income | 75 | €6,004 | €8,152 | +€2,148 | +35.8% |
| Financial charges | 65/66B | €8,275 | €3,679 | -€4,595 | -55.5% |
| Recurring financial charges | 65 | €8,275 | €3,679 | -€4,595 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €438,573 | €253,846 | -€184,728 | -42.1% |
| Income taxes | 67/77 | €94,567 | €67,224 | -€27,343 | -28.9% |
| Profit (loss) for the period | 9904 | €344,006 | €186,622 | -€157,385 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €344,006 | €186,622 | -€157,385 | -45.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.