VEROLUB: 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
VEROLUB
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.4m-€93,310
Equity
€3.1m
2024 · €1.8m+€1.3m
Cash
€1.7m
2024 · €998,969+€715,300
Balance sheet total
€6.6m
2024 · €5.5m+€1.1m
Largest movements
Assets
- Cash +€715,300
up €715,300 (+71.6%), from €998,969 to €1.7m
mainly Net result for the year (+€1.3m) and Trade debts (+€854,095)
- Receivables within one year +€472,368
up €472,368 (+19.6%), from €2.4m to €2.9m
of which Trade receivables: +€494,745
- Stocks and contracts -€110,942
down €110,942 (-6.6%), from €1.7m to €1.6m
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+91.2%), from €1.4m to €2.7m
of which Distributable reserves: +€1.3m
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Trade debts +€854,095
up €854,095 (+41.4%), from €2.1m to €2.9m
- Tax, wage and social debts +€125,590
up €125,590 (+44.8%), from €280,589 to €406,179
of which Taxes: +€85,179
Income statement
- Turnover -€661,376
down €661,376 (-2.7%), from €24.5m to €23.8m
- Purchases and services -€449,169
down €449,169 (-2.1%), from €21.5m to €21.1m
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
€1.4m
Gross operating margin
-€184,600
Staff costs
+€56,361
Depreciation
+€11,615
Write-downs
-€21,161
Other operating charges
+€4,956
Other operating items
+€277
Financial income
+€4,915
Financial charges
+€3,714
Taxes
+€30,613
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€903,504
Investment
-€128,203
Financing
-€60,000
Cash 2024
€998,969
From operations (derived)
+€903,504
Net result for the year
+€1.3m
Depreciation
+€140,463
Receivables after one year
+€3,348
Stocks and contracts
+€110,942
Receivables within one year
-€472,368
Deferred charges and accrued income
-€31,739
Trade debts
+€854,095
Tax, wage and social debts
+€125,590
Advances received
+€20,416
Other debts
-€1.2m
Accrued charges and deferred income
+€41,459
Investment (derived)
-€128,203
Investment in fixed assets (net)
-€128,203
Financing
-€60,000
Debts after one year
-€60,000
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,476,020 | €6,568,878 | +€1.1m | +20.0% |
| Fixed assets | 21/28 | €337,586 | €325,326 | -€12,260 | -3.6% |
| Intangible fixed assets | 21 | €117,084 | €74,075 | -€43,008 | -36.7% |
| Tangible fixed assets | 22/27 | €210,000 | €240,675 | +€30,675 | +14.6% |
| Furniture and vehicles | 24 | €48,365 | €24,001 | -€24,364 | -50.4% |
| Other tangible fixed assets | 26 | €161,635 | €216,674 | +€55,039 | +34.1% |
| Financial fixed assets | 28 | €10,502 | €10,575 | +€73 | +0.7% |
| Current assets | 29/58 | €5,138,434 | €6,243,552 | +€1.1m | +21.5% |
| Amounts receivable after more than one year | 29 | €6,137 | €2,790 | -€3,348 | -54.5% |
| Other amounts receivable | 291 | €6,137 | €2,790 | -€3,348 | -54.5% |
| Stocks and contracts in progress | 3 | €1,688,422 | €1,577,480 | -€110,942 | -6.6% |
| Stocks | 30/36 | €1,688,422 | €1,577,480 | -€110,942 | -6.6% |
| Amounts receivable within one year | 40/41 | €2,405,471 | €2,877,839 | +€472,368 | +19.6% |
| Trade receivables | 40 | €2,141,697 | €2,636,442 | +€494,745 | +23.1% |
| Other amounts receivable | 41 | €263,774 | €241,397 | -€22,377 | -8.5% |
| Cash at bank and in hand | 54/58 | €998,969 | €1,714,269 | +€715,300 | +71.6% |
| Deferred charges and accrued income | 490/1 | €39,434 | €71,174 | +€31,739 | +80.5% |
| Total equity and liabilities | 10/49 | €5,476,020 | €6,568,878 | +€1.1m | +20.0% |
| Equity | 10/15 | €1,754,631 | €3,065,931 | +€1.3m | +74.7% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €1,426,200 | €2,726,200 | +€1.3m | +91.2% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €2,700,000 | +€1.3m | +92.9% |
| Profit (loss) carried forward | 14 | €66,431 | €77,731 | +€11,299 | +17.0% |
| Amounts payable | 17/49 | €3,721,388 | €3,502,947 | -€218,441 | -5.9% |
| Amounts payable after more than one year | 17 | €96,667 | €36,667 | -€60,000 | -62.1% |
| Trade debts | 175 | €96,667 | €36,667 | -€60,000 | -62.1% |
| Amounts payable within one year | 42/48 | €3,605,710 | €3,405,810 | -€199,900 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €2,065,121 | €2,919,216 | +€854,095 | +41.4% |
| Suppliers | 440/4 | €2,065,121 | €2,919,216 | +€854,095 | +41.4% |
| Advances received on contracts in progress | 46 | - | €20,416 | +€20,416 | |
| Taxes, remuneration and social security | 45 | €280,589 | €406,179 | +€125,590 | +44.8% |
| Taxes | 450/3 | €136,555 | €221,734 | +€85,179 | +62.4% |
| Remuneration and social security | 454/9 | €144,034 | €184,444 | +€40,411 | +28.1% |
| Other amounts payable | 47/48 | €1,200,000 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | €19,012 | €60,470 | +€41,459 | +218% |
| Turnover | 70 | €24,494,762 | €23,833,386 | -€661,376 | -2.7% |
| Non-recurring operating income | 76A | €15,866 | €100 | -€15,766 | -99.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,536,765 | €21,087,596 | -€449,169 | -2.1% |
| Remuneration, social security and pensions | 62 | €1,022,632 | €966,271 | -€56,361 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,078 | €140,463 | -€11,615 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,592 | €22,753 | +€21,161 | +1,330% |
| Other operating charges | 640/8 | €8,464 | €3,508 | -€4,956 | -58.6% |
| Non-recurring operating charges | 66A | €277 | €0 | -€277 | -100% |
| Gross operating margin | 9900 | €3,069,262 | €2,884,662 | -€184,600 | -6.0% |
| Operating profit (loss) | 9901 | €1,884,218 | €1,751,666 | -€132,552 | -7.0% |
| Financial income | 75/76B | €45,862 | €50,778 | +€4,915 | +10.7% |
| Recurring financial income | 75 | €45,862 | €50,778 | +€4,915 | +10.7% |
| Financial charges | 65/66B | €43,462 | €39,748 | -€3,714 | -8.5% |
| Recurring financial charges | 65 | €43,462 | €39,748 | -€3,714 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,886,619 | €1,762,695 | -€123,923 | -6.6% |
| Income taxes | 67/77 | €482,009 | €451,396 | -€30,613 | -6.4% |
| Profit (loss) for the period | 9904 | €1,404,609 | €1,311,299 | -€93,310 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,404,609 | €1,311,299 | -€93,310 | -6.6% |
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 13 October 2026 via checked.be.