ETS VERBERT CHRISTOPHE: 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.
ETS VERBERT CHRISTOPHE
Largest movements
- Cash +€21,778
up €21,778 (+69.3%), from €31,420 to €53,198
mainly Net result for the year (+€11,040) and Stocks and contracts (+€5,483)
- Stocks and contracts -€5,483
down €5,483 (-26.7%), from €20,524 to €15,040
- Receivables within one year -€4,126
down €4,126 (-32.3%), from €12,757 to €8,631
of which Other amounts receivable: -€3,596
- Reserves +€11,000
up €11,000 (+43.1%), from €25,500 to €36,500
- Tax, wage and social debts +€3,198
up €3,198 (+146%), from €2,197 to €5,395
- Trade debts -€1,338
down €1,338 (-32.5%), from €4,118 to €2,780
- Gross operating margin +€9,484
up €9,484 (+193%), from €4,922 to €14,406
- Taxes +€1,851
up €1,851 (+463%), from €400 to €2,251
- Financial income -€457
down €457 (-32.6%), from €1,400 to €943
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 | €67,509 | €79,694 | +€12,185 | +18.1% |
| Fixed assets | 21/28 | €2,635 | €2,590 | -€45 | -1.7% |
| Tangible fixed assets | 22/27 | €2,635 | €2,590 | -€45 | -1.7% |
| Plant, machinery and equipment | 23 | €2,149 | €1,340 | -€809 | -37.7% |
| Furniture and vehicles | 24 | €486 | €1,250 | +€764 | +157% |
| Current assets | 29/58 | €64,874 | €77,104 | +€12,230 | +18.9% |
| Stocks and contracts in progress | 3 | €20,524 | €15,040 | -€5,483 | -26.7% |
| Stocks | 30/36 | €20,524 | €15,040 | -€5,483 | -26.7% |
| Amounts receivable within one year | 40/41 | €12,757 | €8,631 | -€4,126 | -32.3% |
| Trade receivables | 40 | €9,161 | €8,631 | -€530 | -5.8% |
| Other amounts receivable | 41 | €3,596 | - | -€3,596 | |
| Cash at bank and in hand | 54/58 | €31,420 | €53,198 | +€21,778 | +69.3% |
| Deferred charges and accrued income | 490/1 | €174 | €235 | +€61 | +35.3% |
| Total equity and liabilities | 10/49 | €67,509 | €79,694 | +€12,185 | +18.1% |
| Equity | 10/15 | €57,123 | €68,163 | +€11,040 | +19.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €25,500 | €36,500 | +€11,000 | +43.1% |
| Distributable reserves | 133 | €25,500 | €36,500 | +€11,000 | +43.1% |
| Profit (loss) carried forward | 14 | €17,363 | €17,403 | +€40 | +0.2% |
| Amounts payable | 17/49 | €10,386 | €11,531 | +€1,145 | +11.0% |
| Amounts payable within one year | 42/48 | €10,386 | €11,531 | +€1,145 | +11.0% |
| Trade debts | 44 | €4,118 | €2,780 | -€1,338 | -32.5% |
| Suppliers | 440/4 | €4,118 | €2,780 | -€1,338 | -32.5% |
| Taxes, remuneration and social security | 45 | €2,197 | €5,395 | +€3,198 | +146% |
| Taxes | 450/3 | €2,197 | €5,395 | +€3,198 | +146% |
| Other amounts payable | 47/48 | €4,071 | €3,356 | -€715 | -17.6% |
| Remuneration, social security and pensions | 62 | -€34 | - | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,247 | +€135 | +12.1% |
| Other operating charges | 640/8 | €560 | €675 | +€115 | +20.5% |
| Gross operating margin | 9900 | €4,922 | €14,406 | +€9,484 | +193% |
| Operating profit (loss) | 9901 | €3,284 | €12,484 | +€9,200 | +280% |
| Financial income | 75/76B | €1,400 | €943 | -€457 | -32.6% |
| Recurring financial income | 75 | €1,400 | €943 | -€457 | -32.6% |
| Financial charges | 65/66B | €154 | €137 | -€17 | -11.0% |
| Recurring financial charges | 65 | €154 | €137 | -€17 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €4,530 | €13,291 | +€8,761 | +193% |
| Income taxes | 67/77 | €400 | €2,251 | +€1,851 | +463% |
| Profit (loss) for the period | 9904 | €4,130 | €11,040 | +€6,910 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €4,130 | €11,040 | +€6,910 | +167% |
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 15 October 2026 via checked.be.