VERREET-ELEK: 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.
VERREET-ELEK
Largest movements
- Receivables within one year +€66,727
up €66,727 (+42.7%), from €156,365 to €223,092
of which Trade receivables: +€61,415
- Tangible fixed assets -€10,989
down €10,989 (-24.6%), from €44,755 to €33,765
of which Furniture and vehicles: -€10,989
- Cash +€9,875
up €9,875 (+24.6%), from €40,158 to €50,033
mainly Trade debts (+€70,369) and Depreciation (+€10,989)
- Current investments +€9,756
up €9,756 (+14.5%), from €67,336 to €77,092
- Stocks and contracts +€4,557
up €4,557 (+16.1%), from €28,282 to €32,839
- Trade debts +€70,369
up €70,369 (+95.3%), from €73,839 to €144,208
- Current portion of long-term debt -€11,352
no longer reported in 2025 (was €11,352)
- Accrued charges and deferred income +€7,870
new in 2025: €7,870
- Tax, wage and social debts +€4,943
up €4,943 (+40.2%), from €12,285 to €17,228
of which Taxes: +€6,972
- Reserves +€4,816
up €4,816 (+2.3%), from €208,606 to €213,422
of which Distributable reserves: +€4,816
- Staff costs -€10,054
down €10,054 (-11.3%), from €88,784 to €78,730
- Depreciation +€5,549
up €5,549 (+102%), from €5,440 to €10,989
- Gross operating margin -€4,804
down €4,804 (-4.6%), from €103,460 to €98,655
- Taxes +€2,441
up €2,441 (+169%), from €1,442 to €3,884
- Financial charges -€2,318
down €2,318 (-78.6%), from €2,949 to €631
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 | €340,176 | €416,822 | +€76,645 | +22.5% |
| Fixed assets | 21/28 | €44,755 | €33,765 | -€10,989 | -24.6% |
| Tangible fixed assets | 22/27 | €44,755 | €33,765 | -€10,989 | -24.6% |
| Land and buildings | 22 | €2,700 | €2,700 | = | 0.0% |
| Furniture and vehicles | 24 | €42,055 | €31,065 | -€10,989 | -26.1% |
| Current assets | 29/58 | €295,422 | €383,056 | +€87,635 | +29.7% |
| Stocks and contracts in progress | 3 | €28,282 | €32,839 | +€4,557 | +16.1% |
| Stocks | 30/36 | €28,282 | €32,839 | +€4,557 | +16.1% |
| Amounts receivable within one year | 40/41 | €156,365 | €223,092 | +€66,727 | +42.7% |
| Trade receivables | 40 | €107,683 | €169,098 | +€61,415 | +57.0% |
| Other amounts receivable | 41 | €48,681 | €53,994 | +€5,312 | +10.9% |
| Current investments | 50/53 | €67,336 | €77,092 | +€9,756 | +14.5% |
| Cash at bank and in hand | 54/58 | €40,158 | €50,033 | +€9,875 | +24.6% |
| Deferred charges and accrued income | 490/1 | €3,281 | - | -€3,281 | |
| Total equity and liabilities | 10/49 | €340,176 | €416,822 | +€76,645 | +22.5% |
| Equity | 10/15 | €216,112 | €220,928 | +€4,816 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208,606 | €213,422 | +€4,816 | +2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €206,746 | €211,562 | +€4,816 | +2.3% |
| Profit (loss) carried forward | 14 | €1,306 | €1,306 | = | 0.0% |
| Amounts payable | 17/49 | €124,064 | €195,893 | +€71,829 | +57.9% |
| Amounts payable after more than one year | 17 | €26,588 | €26,588 | = | 0.0% |
| Financial debts | 170/4 | €26,588 | €26,588 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,476 | €161,435 | +€63,959 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €11,352 | - | -€11,352 | |
| Trade debts | 44 | €73,839 | €144,208 | +€70,369 | +95.3% |
| Suppliers | 440/4 | €73,839 | €144,208 | +€70,369 | +95.3% |
| Taxes, remuneration and social security | 45 | €12,285 | €17,228 | +€4,943 | +40.2% |
| Taxes | 450/3 | €2,911 | €9,882 | +€6,972 | +240% |
| Remuneration and social security | 454/9 | €9,374 | €7,345 | -€2,029 | -21.6% |
| Accrued charges and deferred income | 492/3 | - | €7,870 | +€7,870 | |
| Remuneration, social security and pensions | 62 | €88,784 | €78,730 | -€10,054 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,440 | €10,989 | +€5,549 | +102% |
| Other operating charges | 640/8 | €895 | €1,322 | +€427 | +47.7% |
| Gross operating margin | 9900 | €103,460 | €98,655 | -€4,804 | -4.6% |
| Operating profit (loss) | 9901 | €8,340 | €7,613 | -€726 | -8.7% |
| Financial income | 75/76B | €850 | €1,717 | +€867 | +102% |
| Recurring financial income | 75 | €850 | €1,717 | +€867 | +102% |
| Financial charges | 65/66B | €2,949 | €631 | -€2,318 | -78.6% |
| Recurring financial charges | 65 | €2,949 | €631 | -€2,318 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €6,241 | €8,700 | +€2,459 | +39.4% |
| Income taxes | 67/77 | €1,442 | €3,884 | +€2,441 | +169% |
| Profit (loss) for the period | 9904 | €4,798 | €4,816 | +€18 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,798 | €4,816 | +€18 | +0.4% |
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 26 October 2026 via checked.be.