Dr. W. Verbergt: what changed
What changed
Dr. W. Verbergt
filed annual accounts (NBB)
Net result for the year
€128,485
2024 · €147,604-€19,119
Equity
€460,119
2024 · €485,131-€25,011
Cash
€69,916
2024 · €54,764+€15,153
Balance sheet total
€664,912
2024 · €559,828+€105,085
Largest movements
Assets
- Current investments +€95,100
up €95,100 (+19.4%), from €490,867 to €585,967
- Cash +€15,153
up €15,153 (+27.7%), from €54,764 to €69,916
mainly Net result for the year (+€128,485) and Other debts (+€127,770)
Equity and liabilities
- Other debts +€127,770
up €127,770 (+367%), from €34,779 to €162,549
- Reserves -€25,012
down €25,012 (-5.3%), from €475,856 to €450,844
Income statement
- Financial income -€20,135
down €20,135 (-61.8%), from €32,598 to €12,463
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.
Result 2024
€147,604
Gross operating margin
+€1,113
Depreciation
-€1,082
Other operating charges
+€14
Financial income
-€20,135
Financial charges
+€19
Taxes
+€953
Result 2025
€128,485
raises the resultlowers the result
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.
From operations
+€270,100
Investment
-€101,451
Financing
-€153,496
Cash 2024
€54,764
From operations (derived)
+€270,100
Net result for the year
+€128,485
Depreciation
+€11,682
Deferred charges and accrued income
-€163
Tax, wage and social debts
+€2,326
Other debts
+€127,770
Investment (derived)
-€101,451
Investment in fixed assets (net)
-€6,351
Current investments
-€95,100
Financing
-€153,496
Contributions, distributions and other
-€153,496
Cash 2025
€69,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,828 | €664,912 | +€105,085 | +18.8% |
| Fixed assets | 21/28 | €12,923 | €7,592 | -€5,331 | -41.3% |
| Tangible fixed assets | 22/27 | €12,923 | €7,592 | -€5,331 | -41.3% |
| Plant, machinery and equipment | 23 | - | €1,908 | +€1,908 | |
| Furniture and vehicles | 24 | €12,923 | €2,323 | -€10,600 | -82.0% |
| Other tangible fixed assets | 26 | - | €3,361 | +€3,361 | |
| Current assets | 29/58 | €546,905 | €657,320 | +€110,416 | +20.2% |
| Current investments | 50/53 | €490,867 | €585,967 | +€95,100 | +19.4% |
| Cash at bank and in hand | 54/58 | €54,764 | €69,916 | +€15,153 | +27.7% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,437 | +€163 | +12.8% |
| Total equity and liabilities | 10/49 | €559,828 | €664,912 | +€105,085 | +18.8% |
| Equity | 10/15 | €485,131 | €460,119 | -€25,011 | -5.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €475,856 | €450,844 | -€25,012 | -5.3% |
| Distributable reserves | 133 | €475,856 | €450,844 | -€25,012 | -5.3% |
| Profit (loss) carried forward | 14 | €3,275 | €3,275 | +€1 | 0.0% |
| Amounts payable | 17/49 | €74,697 | €204,793 | +€130,096 | +174% |
| Amounts payable within one year | 42/48 | €74,697 | €204,793 | +€130,096 | +174% |
| Taxes, remuneration and social security | 45 | €39,918 | €42,244 | +€2,326 | +5.8% |
| Taxes | 450/3 | €39,918 | €42,244 | +€2,326 | +5.8% |
| Other amounts payable | 47/48 | €34,779 | €162,549 | +€127,770 | +367% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,600 | €11,682 | +€1,082 | +10.2% |
| Other operating charges | 640/8 | €1,620 | €1,606 | -€14 | -0.9% |
| Gross operating margin | 9900 | €181,822 | €182,935 | +€1,113 | +0.6% |
| Operating profit (loss) | 9901 | €169,602 | €169,647 | +€45 | 0.0% |
| Financial income | 75/76B | €32,598 | €12,463 | -€20,135 | -61.8% |
| Recurring financial income | 75 | €32,598 | €12,463 | -€20,135 | -61.8% |
| Financial charges | 65/66B | €534 | €515 | -€19 | -3.5% |
| Recurring financial charges | 65 | €534 | €515 | -€19 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €201,666 | €181,594 | -€20,072 | -10.0% |
| Income taxes | 67/77 | €54,062 | €53,110 | -€953 | -1.8% |
| Profit (loss) for the period | 9904 | €147,604 | €128,485 | -€19,119 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,604 | €128,485 | -€19,119 | -13.0% |
Next steps
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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.