VERLOO: 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.
VERLOO
Largest movements
- Tangible fixed assets -€100,594
down €100,594 (-55.4%), from €181,523 to €80,928
of which Land and buildings: -€77,396
- Cash -€54,345
down €54,345 (-7.4%), from €739,282 to €684,938
mainly Tax, wage and social debts (-€142,382) and Other debts (-€21,863)
- Receivables within one year +€16,229
up €16,229 (+4.7%), from €342,763 to €358,992
of which Other amounts receivable: +€10,867
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts -€142,382
down €142,382 (-75.3%), from €189,109 to €46,726
of which Taxes: -€88,540
- Trade debts +€24,834
up €24,834 (+12.5%), from €198,818 to €223,652
- Other debts -€21,863
down €21,863 (-98.7%), from €22,143 to €279
- Gross operating margin -€586,326
down €586,326 (-48.2%), from €1.2m to €629,983
- Staff costs -€379,718
down €379,718 (-41.5%), from €915,595 to €535,877
- Taxes -€63,354
down €63,354 (-98.7%), from €64,163 to €808
- Financial income +€18,203
up €18,203 (+181.3%), from €10,043 to €28,246
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 | €1,305,076 | €1,158,415 | -€146,661 | -11.2% |
| Fixed assets | 21/28 | €196,523 | €80,928 | -€115,594 | -58.8% |
| Tangible fixed assets | 22/27 | €181,523 | €80,928 | -€100,594 | -55.4% |
| Land and buildings | 22 | €112,307 | €34,911 | -€77,396 | -68.9% |
| Plant, machinery and equipment | 23 | €68,758 | €45,976 | -€22,781 | -33.1% |
| Furniture and vehicles | 24 | €458 | €41 | -€417 | -91.0% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €1,108,553 | €1,077,486 | -€31,067 | -2.8% |
| Stocks and contracts in progress | 3 | €13,843 | €18,965 | +€5,121 | +37.0% |
| Stocks | 30/36 | €13,843 | €18,965 | +€5,121 | +37.0% |
| Amounts receivable within one year | 40/41 | €342,763 | €358,992 | +€16,229 | +4.7% |
| Trade receivables | 40 | €88 | €5,451 | +€5,362 | +6072.7% |
| Other amounts receivable | 41 | €342,675 | €353,542 | +€10,867 | +3.2% |
| Current investments | 50/53 | €4,783 | €4,783 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €739,282 | €684,938 | -€54,345 | -7.4% |
| Deferred charges and accrued income | 490/1 | €7,881 | €9,809 | +€1,928 | +24.5% |
| Total equity and liabilities | 10/49 | €1,305,076 | €1,158,415 | -€146,661 | -11.2% |
| Equity | 10/15 | €816,792 | €804,742 | -€12,050 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €754,792 | €742,742 | -€12,050 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €748,592 | €736,542 | -€12,050 | -1.6% |
| Amounts payable | 17/49 | €488,284 | €353,673 | -€134,612 | -27.6% |
| Amounts payable within one year | 42/48 | €442,684 | €303,273 | -€139,412 | -31.5% |
| Financial debts | 43 | €32,615 | €32,615 | +€0 | 0.0% |
| Credit institutions | 430/8 | €32,615 | €32,615 | +€0 | 0.0% |
| Trade debts | 44 | €198,818 | €223,652 | +€24,834 | +12.5% |
| Suppliers | 440/4 | €198,818 | €223,652 | +€24,834 | +12.5% |
| Taxes, remuneration and social security | 45 | €189,109 | €46,726 | -€142,382 | -75.3% |
| Taxes | 450/3 | €88,540 | - | -€88,540 | |
| Remuneration and social security | 454/9 | €100,569 | €46,726 | -€53,842 | -53.5% |
| Other amounts payable | 47/48 | €22,143 | €279 | -€21,863 | -98.7% |
| Accrued charges and deferred income | 492/3 | €45,600 | €50,400 | +€4,800 | +10.5% |
| Remuneration, social security and pensions | 62 | €915,595 | €535,877 | -€379,718 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,620 | €117,166 | +€546 | +0.5% |
| Other operating charges | 640/8 | €3,251 | €10,458 | +€7,207 | +221.7% |
| Gross operating margin | 9900 | €1,216,309 | €629,983 | -€586,326 | -48.2% |
| Operating profit (loss) | 9901 | €180,844 | -€33,518 | -€214,361 | |
| Financial income | 75/76B | €10,043 | €28,246 | +€18,203 | +181.3% |
| Recurring financial income | 75 | €10,043 | €28,246 | +€18,203 | +181.3% |
| Financial charges | 65/66B | €6,629 | €5,969 | -€660 | -10.0% |
| Recurring financial charges | 65 | €6,629 | €5,969 | -€660 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €184,257 | -€11,241 | -€195,499 | |
| Income taxes | 67/77 | €64,163 | €808 | -€63,354 | -98.7% |
| Profit (loss) for the period | 9904 | €120,095 | -€12,050 | -€132,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,095 | -€12,050 | -€132,145 |
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 7 October 2026 via checked.be.