De Verbroedering: 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.
De Verbroedering
Largest movements
- Cash +€6,853
up €6,853 (+12.6%), from €54,360 to €61,213
mainly Depreciation (+€4,124) and Net result for the year (+€2,729)
- Tangible fixed assets -€4,124
down €4,124 (-1.7%), from €244,750 to €240,625
of which Plant, machinery and equipment: -€2,119
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€672
down €672 (-14.0%), from €4,796 to €4,124
- Gross operating margin -€354
down €354 (-3.2%), from €11,129 to €10,776
- Other operating charges +€118
up €118 (+3.1%), from €3,791 to €3,909
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 | €315,032 | €317,761 | +€2,729 | +0.9% |
| Fixed assets | 21/28 | €247,880 | €243,756 | -€4,124 | -1.7% |
| Tangible fixed assets | 22/27 | €244,750 | €240,625 | -€4,124 | -1.7% |
| Land and buildings | 22 | €225,808 | €223,802 | -€2,005 | -0.9% |
| Plant, machinery and equipment | 23 | €18,942 | €16,823 | -€2,119 | -11.2% |
| Financial fixed assets | 28 | €3,130 | €3,130 | = | 0.0% |
| Current assets | 29/58 | €67,152 | €74,005 | +€6,853 | +10.2% |
| Amounts receivable within one year | 40/41 | €12,792 | €12,792 | = | 0.0% |
| Other amounts receivable | 41 | €12,792 | €12,792 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,360 | €61,213 | +€6,853 | +12.6% |
| Total equity and liabilities | 10/49 | €315,032 | €317,761 | +€2,729 | +0.9% |
| Equity | 10/15 | €315,032 | €317,761 | +€2,729 | +0.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €357,436 | €357,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,199 | €4,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,199 | €4,199 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,284 | €307,284 | = | 0.0% |
| Distributable reserves | 133 | €45,953 | €45,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,236 | -€59,507 | +€2,729 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €4,124 | -€672 | -14.0% |
| Other operating charges | 640/8 | €3,791 | €3,909 | +€118 | +3.1% |
| Gross operating margin | 9900 | €11,129 | €10,776 | -€354 | -3.2% |
| Operating profit (loss) | 9901 | €2,543 | €2,742 | +€200 | +7.8% |
| Financial income | 75/76B | €304 | €253 | -€51 | -16.8% |
| Recurring financial income | 75 | €304 | €253 | -€51 | -16.8% |
| Financial charges | 65/66B | €285 | €267 | -€18 | -6.2% |
| Recurring financial charges | 65 | €285 | €267 | -€18 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €2,562 | €2,729 | +€166 | +6.5% |
| Profit (loss) for the period | 9904 | €2,562 | €2,729 | +€166 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,562 | €2,729 | +€166 | +6.5% |
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 20 October 2026 via checked.be.