Dr. Senne Verbist: what changed
Dr. Senne Verbist
Largest movements
- Cash +€60,890
up €60,890 (+86.8%), from €70,126 to €131,017
mainly Other debts (+€131,372) and Net result for the year (+€54,237)
- Receivables after one year -€19,699
down €19,699 (-16.1%), from €122,449 to €102,750
- Receivables within one year -€8,101
down €8,101 (-70.3%), from €11,527 to €3,426
of which Other amounts receivable: -€11,527
- Tangible fixed assets -€3,656
down €3,656 (-13.5%), from €27,106 to €23,450
of which Plant, machinery and equipment: -€1,980
- Other debts +€131,372
up €131,372 (+911%), from €14,421 to €145,793
- Reserves -€125,763
down €125,763 (-60.8%), from €206,898 to €81,135
- Tax, wage and social debts +€24,499
up €24,499 (+296%), from €8,267 to €32,765
of which Taxes: +€24,499
- Gross operating margin +€70,616
up €70,616 (+917%), from €7,702 to €78,318
- Taxes +€18,492
up €18,492 (+1,900%), from €973 to €19,465
- Depreciation +€929
up €929 (+34.1%), from €2,727 to €3,656
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 | €235,079 | €264,344 | +€29,265 | +12.4% |
| Fixed assets | 21/28 | €29,606 | €25,950 | -€3,656 | -12.3% |
| Tangible fixed assets | 22/27 | €27,106 | €23,450 | -€3,656 | -13.5% |
| Plant, machinery and equipment | 23 | €11,092 | €9,112 | -€1,980 | -17.9% |
| Furniture and vehicles | 24 | €9,230 | €8,278 | -€952 | -10.3% |
| Other tangible fixed assets | 26 | €6,785 | €6,061 | -€724 | -10.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €205,473 | €238,394 | +€32,921 | +16.0% |
| Amounts receivable after more than one year | 29 | €122,449 | €102,750 | -€19,699 | -16.1% |
| Other amounts receivable | 291 | €122,449 | €102,750 | -€19,699 | -16.1% |
| Amounts receivable within one year | 40/41 | €11,527 | €3,426 | -€8,101 | -70.3% |
| Trade receivables | 40 | €0 | €3,426 | +€3,426 | |
| Other amounts receivable | 41 | €11,527 | €0 | -€11,527 | -100% |
| Cash at bank and in hand | 54/58 | €70,126 | €131,017 | +€60,890 | +86.8% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,201 | -€170 | -12.4% |
| Total equity and liabilities | 10/49 | €235,079 | €264,344 | +€29,265 | +12.4% |
| Equity | 10/15 | €209,398 | €83,635 | -€125,763 | -60.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €206,898 | €81,135 | -€125,763 | -60.8% |
| Distributable reserves | 133 | €206,898 | €81,135 | -€125,763 | -60.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,681 | €180,709 | +€155,027 | +604% |
| Amounts payable within one year | 42/48 | €25,681 | €180,709 | +€155,027 | +604% |
| Trade debts | 44 | €2,994 | €2,150 | -€844 | -28.2% |
| Suppliers | 440/4 | €2,994 | €2,150 | -€844 | -28.2% |
| Taxes, remuneration and social security | 45 | €8,267 | €32,765 | +€24,499 | +296% |
| Taxes | 450/3 | €5,967 | €30,465 | +€24,499 | +411% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €14,421 | €145,793 | +€131,372 | +911% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €3,656 | +€929 | +34.1% |
| Other operating charges | 640/8 | €673 | €693 | +€20 | +3.0% |
| Gross operating margin | 9900 | €7,702 | €78,318 | +€70,616 | +917% |
| Operating profit (loss) | 9901 | €4,302 | €73,969 | +€69,667 | +1,619% |
| Financial charges | 65/66B | €207 | €266 | +€58 | +28.0% |
| Recurring financial charges | 65 | €207 | €266 | +€58 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €4,094 | €73,703 | +€69,609 | +1,700% |
| Income taxes | 67/77 | €973 | €19,465 | +€18,492 | +1,900% |
| Profit (loss) for the period | 9904 | €3,121 | €54,237 | +€51,116 | +1,638% |
| Profit (loss) for the period to be appropriated | 9905 | €3,121 | €54,237 | +€51,116 | +1,638% |
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 2 November 2026 via checked.be.