AD VERBUM: 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.
AD VERBUM
Largest movements
- Current investments -€7,000
down €7,000 (-20.0%), from €35,000 to €28,000
- Intangible fixed assets -€2,300
no longer reported in 2025 (was €2,300)
- Receivables within one year +€1,570
up €1,570 (+17.0%), from €9,210 to €10,780
of which Trade receivables: +€1,231
- Profit (loss) carried forward -€6,144
down €6,144 (-49.6%), from €12,396 to €6,252
- Tax, wage and social debts -€2,696
down €2,696 (-78.5%), from €3,434 to €738
of which Remuneration and social security: -€2,067
- Trade debts +€2,025
up €2,025 (+86.6%), from €2,337 to €4,362
- Gross operating margin +€13,820
up €13,820 (+71.6%), from -€19,306 to -€5,486
- Financial income +€2,551
up €2,551 (+2117.3%), from €120 to €2,671
- Depreciation -€314
down €314 (-12.0%), from €2,614 to €2,300
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 | €50,653 | €43,402 | -€7,251 | -14.3% |
| Fixed assets | 21/28 | €2,300 | - | -€2,300 | |
| Intangible fixed assets | 21 | €2,300 | - | -€2,300 | |
| Current assets | 29/58 | €48,353 | €43,402 | -€4,951 | -10.2% |
| Amounts receivable within one year | 40/41 | €9,210 | €10,780 | +€1,570 | +17.0% |
| Trade receivables | 40 | €5,544 | €6,775 | +€1,231 | +22.2% |
| Other amounts receivable | 41 | €3,666 | €4,005 | +€339 | +9.2% |
| Current investments | 50/53 | €35,000 | €28,000 | -€7,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €3,437 | €3,871 | +€433 | +12.6% |
| Deferred charges and accrued income | 490/1 | €706 | €752 | +€46 | +6.5% |
| Total equity and liabilities | 10/49 | €50,653 | €43,402 | -€7,251 | -14.3% |
| Equity | 10/15 | €39,916 | €33,772 | -€6,144 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,320 | €21,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,600 | €5,600 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,396 | €6,252 | -€6,144 | -49.6% |
| Amounts payable | 17/49 | €10,736 | €9,630 | -€1,107 | -10.3% |
| Amounts payable within one year | 42/48 | €10,736 | €9,630 | -€1,107 | -10.3% |
| Trade debts | 44 | €2,337 | €4,362 | +€2,025 | +86.6% |
| Suppliers | 440/4 | €2,337 | €4,362 | +€2,025 | +86.6% |
| Taxes, remuneration and social security | 45 | €3,434 | €738 | -€2,696 | -78.5% |
| Taxes | 450/3 | €1,368 | €738 | -€629 | -46.0% |
| Remuneration and social security | 454/9 | €2,067 | - | -€2,067 | |
| Other amounts payable | 47/48 | €4,965 | €4,529 | -€436 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,614 | €2,300 | -€314 | -12.0% |
| Other operating charges | 640/8 | €775 | €692 | -€83 | -10.7% |
| Gross operating margin | 9900 | -€19,306 | -€5,486 | +€13,820 | +71.6% |
| Operating profit (loss) | 9901 | -€22,695 | -€8,478 | +€14,216 | +62.6% |
| Financial income | 75/76B | €120 | €2,671 | +€2,551 | +2117.3% |
| Recurring financial income | 75 | €120 | €2,671 | +€2,551 | +2117.3% |
| Financial charges | 65/66B | €127 | €189 | +€61 | +48.2% |
| Recurring financial charges | 65 | €127 | €189 | +€61 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,701 | -€5,996 | +€16,706 | +73.6% |
| Income taxes | 67/77 | €140 | €148 | +€8 | +6.0% |
| Profit (loss) for the period | 9904 | -€22,841 | -€6,144 | +€16,697 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,841 | -€6,144 | +€16,697 | +73.1% |
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 12 October 2026 via checked.be.