Agence Verburgh: 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.
Agence Verburgh
Largest movements
- Cash +€528,983
up €528,983 (+97.1%), from €544,803 to €1.1m
mainly Net result for the year (+€209,815) and Other debts (+€137,746)
- Receivables within one year +€91,234
up €91,234 (+39.3%), from €232,190 to €323,425
of which Trade receivables: +€68,018
- Tangible fixed assets -€61,025
down €61,025 (-13.4%), from €456,195 to €395,170
- Reserves +€209,815
up €209,815 (+38.3%), from €547,183 to €756,997
of which Distributable reserves: +€209,815
- Other debts +€137,746
up €137,746 (+74.1%), from €185,922 to €323,668
- Advances received +€99,061
up €99,061 (+111%), from €89,379 to €188,440
- Trade debts +€56,712
up €56,712 (+96.9%), from €58,514 to €115,226
- Tax, wage and social debts +€46,980
up €46,980 (+169%), from €27,845 to €74,824
of which Taxes: +€43,313
- Staff costs -€77,359
down €77,359 (-29.7%), from €260,749 to €183,390
- Taxes +€53,965
up €53,965 (+108%), from €50,005 to €103,970
- Gross operating margin +€45,812
up €45,812 (+8.3%), from €553,039 to €598,851
- Other operating charges -€40,970
down €40,970 (-84.5%), from €48,505 to €7,535
- Depreciation +€6,575
up €6,575 (+7.6%), from €86,628 to €93,203
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 | €1,252,914 | €1,803,226 | +€550,312 | +43.9% |
| Fixed assets | 21/28 | €467,145 | €396,719 | -€70,426 | -15.1% |
| Intangible fixed assets | 21 | €10,950 | €1,549 | -€9,401 | -85.9% |
| Tangible fixed assets | 22/27 | €456,195 | €395,170 | -€61,025 | -13.4% |
| Land and buildings | 22 | €379,378 | €352,660 | -€26,718 | -7.0% |
| Furniture and vehicles | 24 | €49,144 | €33,361 | -€15,782 | -32.1% |
| Other tangible fixed assets | 26 | €27,673 | €9,149 | -€18,525 | -66.9% |
| Current assets | 29/58 | €785,769 | €1,406,507 | +€620,738 | +79.0% |
| Amounts receivable within one year | 40/41 | €232,190 | €323,425 | +€91,234 | +39.3% |
| Trade receivables | 40 | €230,412 | €298,431 | +€68,018 | +29.5% |
| Other amounts receivable | 41 | €1,778 | €24,994 | +€23,216 | +1,306% |
| Cash at bank and in hand | 54/58 | €544,803 | €1,073,786 | +€528,983 | +97.1% |
| Deferred charges and accrued income | 490/1 | €8,776 | €9,296 | +€520 | +5.9% |
| Total equity and liabilities | 10/49 | €1,252,914 | €1,803,226 | +€550,312 | +43.9% |
| Equity | 10/15 | €863,473 | €1,073,287 | +€209,815 | +24.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €547,183 | €756,997 | +€209,815 | +38.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €540,983 | €750,797 | +€209,815 | +38.8% |
| Profit (loss) carried forward | 14 | €254,290 | €254,290 | = | 0.0% |
| Provisions and deferred taxes | 16 | €27,781 | €27,781 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,781 | €27,781 | = | 0.0% |
| Major repairs and maintenance | 162 | €27,781 | €27,781 | = | 0.0% |
| Amounts payable | 17/49 | €361,660 | €702,158 | +€340,498 | +94.1% |
| Amounts payable within one year | 42/48 | €361,660 | €702,158 | +€340,498 | +94.1% |
| Trade debts | 44 | €58,514 | €115,226 | +€56,712 | +96.9% |
| Suppliers | 440/4 | €58,514 | €115,226 | +€56,712 | +96.9% |
| Advances received on contracts in progress | 46 | €89,379 | €188,440 | +€99,061 | +111% |
| Taxes, remuneration and social security | 45 | €27,845 | €74,824 | +€46,980 | +169% |
| Taxes | 450/3 | €11,634 | €54,946 | +€43,313 | +372% |
| Remuneration and social security | 454/9 | €16,211 | €19,878 | +€3,667 | +22.6% |
| Other amounts payable | 47/48 | €185,922 | €323,668 | +€137,746 | +74.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €40,130 | +€40,130 | |
| Remuneration, social security and pensions | 62 | €260,749 | €183,390 | -€77,359 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,628 | €93,203 | +€6,575 | +7.6% |
| Other operating charges | 640/8 | €48,505 | €7,535 | -€40,970 | -84.5% |
| Gross operating margin | 9900 | €553,039 | €598,851 | +€45,812 | +8.3% |
| Operating profit (loss) | 9901 | €157,157 | €314,722 | +€157,565 | +100% |
| Financial income | 75/76B | €5,694 | €1,706 | -€3,988 | -70.0% |
| Recurring financial income | 75 | €5,694 | €1,706 | -€3,988 | -70.0% |
| Financial charges | 65/66B | €2,505 | €2,643 | +€138 | +5.5% |
| Recurring financial charges | 65 | €2,505 | €2,643 | +€138 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €160,345 | €313,785 | +€153,440 | +95.7% |
| Income taxes | 67/77 | €50,005 | €103,970 | +€53,965 | +108% |
| Profit (loss) for the period | 9904 | €110,340 | €209,815 | +€99,474 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,340 | €209,815 | +€99,474 | +90.2% |
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.