Verlo: 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.
Verlo
Largest movements
- Cash -€19,327
down €19,327 (-57.1%), from €33,829 to €14,502
mainly Short-term financial debts (-€14,260) and Receivables within one year (-€7,456)
- Receivables within one year +€7,456
up €7,456 (+3.7%), from €201,359 to €208,815
- Short-term financial debts -€14,260
no longer reported in 2025 (was €14,260)
- Gross operating margin -€6,589
down €6,589 (-359.7%), from -€1,832 to -€8,421
- Purchases and services -€1,832
no longer reported in 2025 (was €1,832)
- Financial income -€971
down €971 (-8.2%), from €11,827 to €10,856
- Financial charges -€760
down €760 (-47.5%), from €1,598 to €838
- Other operating charges -€476
down €476 (-54.3%), from €875 to €400
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 | €235,188 | €223,317 | -€11,871 | -5.0% |
| Current assets | 29/58 | €235,188 | €223,317 | -€11,871 | -5.0% |
| Amounts receivable within one year | 40/41 | €201,359 | €208,815 | +€7,456 | +3.7% |
| Other amounts receivable | 41 | €201,359 | €208,815 | +€7,456 | +3.7% |
| Cash at bank and in hand | 54/58 | €33,829 | €14,502 | -€19,327 | -57.1% |
| Total equity and liabilities | 10/49 | €235,188 | €223,317 | -€11,871 | -5.0% |
| Equity | 10/15 | €210,072 | €211,269 | +€1,197 | +0.6% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €180,188 | €180,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,639 | €66,639 | = | 0.0% |
| Legal reserve | 130 | €16,639 | €16,639 | = | 0.0% |
| Other | 1319 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,983 | €4,983 | = | 0.0% |
| Distributable reserves | 133 | €108,567 | €108,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,616 | -€130,419 | +€1,197 | +0.9% |
| Amounts payable | 17/49 | €25,116 | €12,048 | -€13,068 | -52.0% |
| Amounts payable after more than one year | 17 | €1,808 | €1,808 | = | 0.0% |
| Other amounts payable | 178/9 | €1,808 | €1,808 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,308 | €10,240 | -€13,068 | -56.1% |
| Financial debts | 43 | €14,260 | - | -€14,260 | |
| Credit institutions | 430/8 | €14,260 | - | -€14,260 | |
| Trade debts | 44 | €9,048 | €10,240 | +€1,192 | +13.2% |
| Suppliers | 440/4 | €9,048 | €10,240 | +€1,192 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,832 | - | -€1,832 | |
| Other operating charges | 640/8 | €875 | €400 | -€476 | -54.3% |
| Gross operating margin | 9900 | -€1,832 | -€8,421 | -€6,589 | -359.7% |
| Operating profit (loss) | 9901 | -€2,707 | -€8,821 | -€6,113 | -225.8% |
| Financial income | 75/76B | €11,827 | €10,856 | -€971 | -8.2% |
| Recurring financial income | 75 | €11,827 | €10,856 | -€971 | -8.2% |
| Financial charges | 65/66B | €1,598 | €838 | -€760 | -47.5% |
| Recurring financial charges | 65 | €1,598 | €838 | -€760 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €7,521 | €1,197 | -€6,324 | -84.1% |
| Profit (loss) for the period | 9904 | €7,521 | €1,197 | -€6,324 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,521 | €1,197 | -€6,324 | -84.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.