VERPALEN: 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.
VERPALEN
Largest movements
- Receivables within one year -€17,767
down €17,767 (-95.6%), from €18,579 to €812
of which Trade receivables: -€16,566
- Deferred charges and accrued income +€17,089
new in 2025: €17,089
- Cash -€2,716
down €2,716 (-14.7%), from €18,437 to €15,722
mainly Deferred charges and accrued income (-€17,089) and Net result for the year (-€14,357)
- Tangible fixed assets -€1,137
no longer reported in 2025 (was €1,137)
- Profit (loss) carried forward -€14,357
down €14,357 (-22.3%), from -€64,429 to -€78,787
- Other debts +€10,829
up €10,829 (+2,223%), from €487 to €11,316
- Advances received -€931
down €931 (-4.9%), from €18,906 to €17,975
- Tax, wage and social debts -€441
down €441 (-59.6%), from €740 to €299
of which Remuneration and social security: -€473
- Staff costs -€7,307
no longer reported in 2025 (was €7,307)
- Depreciation -€7,225
down €7,225 (-86.4%), from €8,362 to €1,137
- Financial charges -€952
down €952 (-62.6%), from €1,520 to €568
- Other operating charges -€944
down €944 (-51.4%), from €1,837 to €893
- Financial income -€296
down €296 (-72.8%), from €406 to €111
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,153 | €33,622 | -€4,531 | -11.9% |
| Fixed assets | 21/28 | €1,137 | - | -€1,137 | |
| Tangible fixed assets | 22/27 | €1,137 | - | -€1,137 | |
| Furniture and vehicles | 24 | €1,137 | - | -€1,137 | |
| Current assets | 29/58 | €37,016 | €33,622 | -€3,394 | -9.2% |
| Amounts receivable within one year | 40/41 | €18,579 | €812 | -€17,767 | -95.6% |
| Trade receivables | 40 | €16,566 | - | -€16,566 | |
| Other amounts receivable | 41 | €2,013 | €812 | -€1,201 | -59.7% |
| Cash at bank and in hand | 54/58 | €18,437 | €15,722 | -€2,716 | -14.7% |
| Deferred charges and accrued income | 490/1 | - | €17,089 | +€17,089 | |
| Total equity and liabilities | 10/49 | €38,153 | €33,622 | -€4,531 | -11.9% |
| Equity | 10/15 | €16,631 | €2,274 | -€14,357 | -86.3% |
| Contributions | 10/11 | €81,060 | €81,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,429 | -€78,787 | -€14,357 | -22.3% |
| Amounts payable | 17/49 | €21,522 | €31,348 | +€9,826 | +45.7% |
| Amounts payable within one year | 42/48 | €21,522 | €31,348 | +€9,826 | +45.7% |
| Trade debts | 44 | €1,389 | €1,758 | +€369 | +26.6% |
| Suppliers | 440/4 | €1,389 | €1,758 | +€369 | +26.6% |
| Advances received on contracts in progress | 46 | €18,906 | €17,975 | -€931 | -4.9% |
| Taxes, remuneration and social security | 45 | €740 | €299 | -€441 | -59.6% |
| Taxes | 450/3 | €268 | €299 | +€32 | +11.8% |
| Remuneration and social security | 454/9 | €473 | - | -€473 | |
| Other amounts payable | 47/48 | €487 | €11,316 | +€10,829 | +2,223% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €7,307 | - | -€7,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,362 | €1,137 | -€7,225 | -86.4% |
| Other operating charges | 640/8 | €1,837 | €893 | -€944 | -51.4% |
| Gross operating margin | 9900 | -€11,666 | -€11,625 | +€41 | +0.4% |
| Operating profit (loss) | 9901 | -€29,172 | -€13,655 | +€15,517 | +53.2% |
| Financial income | 75/76B | €406 | €111 | -€296 | -72.8% |
| Recurring financial income | 75 | €406 | €111 | -€296 | -72.8% |
| Financial charges | 65/66B | €1,520 | €568 | -€952 | -62.6% |
| Recurring financial charges | 65 | €1,520 | €568 | -€952 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,286 | -€14,112 | +€16,174 | +53.4% |
| Income taxes | 67/77 | €247 | €245 | -€2 | -0.8% |
| Profit (loss) for the period | 9904 | -€30,533 | -€14,357 | +€16,176 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,533 | -€14,357 | +€16,176 | +53.0% |
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 21 October 2026 via checked.be.