A&J Verbraecken: what changed
A&J Verbraecken
Largest movements
- Tangible fixed assets +€70,778
up €70,778 (+634%), from €11,164 to €81,942
of which Leasing and similar rights: +€43,484
- Cash -€9,672
down €9,672 (-91.6%), from €10,555 to €883
mainly Investment in fixed assets (net) (-€88,762) and Receivables after one year (-€8,000)
- Receivables after one year +€8,000
new in 2025: €8,000
- Receivables within one year +€7,050
up €7,050 (+32.4%), from €21,780 to €28,830
of which Other amounts receivable: +€3,768
- Debts after one year +€45,387
up €45,387 (+707%), from €6,418 to €51,805
- Current portion of long-term debt +€19,797
new in 2025: €19,797
- Tax, wage and social debts +€10,122
up €10,122 (+75.9%), from €13,337 to €23,459
- Profit (loss) carried forward +€1,339
up €1,339 (+6.7%), from €20,057 to €21,396
- Depreciation +€17,718
up €17,718 (+6,658%), from €266 to €17,985
- Taxes -€4,589
down €4,589 (-86.0%), from €5,334 to €745
- Gross operating margin -€3,452
down €3,452 (-12.6%), from €27,479 to €24,027
- Financial charges +€1,685
up €1,685 (+95.1%), from €1,773 to €3,458
- Other operating charges +€536
up €536 (+1,073%), from €50 to €586
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,106 | €122,269 | +€77,163 | +171% |
| Fixed assets | 21/28 | €11,164 | €81,942 | +€70,778 | +634% |
| Tangible fixed assets | 22/27 | €11,164 | €81,942 | +€70,778 | +634% |
| Land and buildings | 22 | €4,595 | €12,453 | +€7,858 | +171% |
| Furniture and vehicles | 24 | €6,569 | €26,005 | +€19,436 | +296% |
| Leasing and similar rights | 25 | - | €43,484 | +€43,484 | |
| Current assets | 29/58 | €33,942 | €40,327 | +€6,385 | +18.8% |
| Amounts receivable after more than one year | 29 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 291 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €21,780 | €28,830 | +€7,050 | +32.4% |
| Trade receivables | 40 | €21,780 | €25,062 | +€3,282 | +15.1% |
| Other amounts receivable | 41 | - | €3,768 | +€3,768 | |
| Cash at bank and in hand | 54/58 | €10,555 | €883 | -€9,672 | -91.6% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,614 | +€1,007 | +62.6% |
| Total equity and liabilities | 10/49 | €45,106 | €122,269 | +€77,163 | +171% |
| Equity | 10/15 | €22,557 | €23,896 | +€1,339 | +5.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,057 | €21,396 | +€1,339 | +6.7% |
| Amounts payable | 17/49 | €22,549 | €98,373 | +€75,824 | +336% |
| Amounts payable after more than one year | 17 | €6,418 | €51,805 | +€45,387 | +707% |
| Financial debts | 170/4 | €6,418 | €51,805 | +€45,387 | +707% |
| Amounts payable within one year | 42/48 | €15,811 | €46,087 | +€30,276 | +191% |
| Current portion of amounts payable after more than one year | 42 | - | €19,797 | +€19,797 | |
| Trade debts | 44 | €2,474 | €2,831 | +€357 | +14.4% |
| Suppliers | 440/4 | €2,474 | €2,831 | +€357 | +14.4% |
| Taxes, remuneration and social security | 45 | €13,337 | €23,459 | +€10,122 | +75.9% |
| Taxes | 450/3 | €13,337 | €23,459 | +€10,122 | +75.9% |
| Accrued charges and deferred income | 492/3 | €320 | €480 | +€160 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €17,985 | +€17,718 | +6,658% |
| Other operating charges | 640/8 | €50 | €586 | +€536 | +1,073% |
| Gross operating margin | 9900 | €27,479 | €24,027 | -€3,452 | -12.6% |
| Operating profit (loss) | 9901 | €27,163 | €5,456 | -€21,707 | -79.9% |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €1,773 | €3,458 | +€1,685 | +95.1% |
| Recurring financial charges | 65 | €1,773 | €3,458 | +€1,685 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €25,391 | €2,084 | -€23,306 | -91.8% |
| Income taxes | 67/77 | €5,334 | €745 | -€4,589 | -86.0% |
| Profit (loss) for the period | 9904 | €20,057 | €1,339 | -€18,718 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,057 | €1,339 | -€18,718 | -93.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.