FIRMA VERBRUGGHE: what changed
What changed
FIRMA VERBRUGGHE
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€16,203
2024 · €8,244+€7,959
Equity
€934,808
2024 · €918,605+€16,203
Cash
€163,607
2024 · €346,078-€182,471
Balance sheet total
€1.1m
2024 · €1.3m-€234,452
Largest movements
Assets
- Cash -€182,471
down €182,471 (-52.7%), from €346,078 to €163,607
mainly Trade debts (-€257,618) and Receivables within one year (-€55,274)
- Stocks and contracts -€110,108
down €110,108 (-16.8%), from €654,843 to €544,735
- Receivables within one year +€55,274
up €55,274 (+32.7%), from €169,089 to €224,363
of which Other amounts receivable: +€64,840
Equity and liabilities
- Trade debts -€257,618
down €257,618 (-78.0%), from €330,336 to €72,718
- Tax, wage and social debts +€18,600
up €18,600 (+133%), from €13,984 to €32,584
of which Taxes: +€18,116
- Reserves +€16,203
up €16,203 (+50.2%), from €32,250 to €48,453
of which Distributable reserves: +€16,203
Income statement
- Gross operating margin +€12,038
up €12,038 (+10.0%), from €120,913 to €132,951
- Financial charges -€10,766
down €10,766 (-64.2%), from €16,779 to €6,012
- Write-downs +€8,425
up €8,425, from -€8,425 to €0
- Other operating charges -€6,746
down €6,746 (-37.7%), from €17,888 to €11,143
- Depreciation +€3,950
up €3,950 (+19.7%), from €20,022 to €23,971
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
€8,244
Gross operating margin
+€12,038
Staff costs
-€3,720
Depreciation
-€3,950
Write-downs
-€8,425
Other operating charges
+€6,746
Financial income
-€2,946
Financial charges
+€10,766
Taxes
-€2,551
Result 2025
€16,203
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
-€145,728
Investment
-€27,182
Financing
-€9,562
Cash 2024
€346,078
From operations (derived)
-€145,728
Net result for the year
+€16,203
Depreciation
+€23,971
Stocks and contracts
+€110,108
Receivables within one year
-€55,274
Deferred charges and accrued income
+€357
Trade debts
-€257,618
Tax, wage and social debts
+€18,600
Other debts
-€2,075
Investment (derived)
-€27,182
Investment in fixed assets (net)
-€27,182
Financing
-€9,562
Debts after one year
-€4,825
Current portion of long-term debt
-€4,737
Cash 2025
€163,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,345,940 | €1,111,489 | -€234,452 | -17.4% |
| Fixed assets | 21/28 | €170,411 | €173,621 | +€3,211 | +1.9% |
| Tangible fixed assets | 22/27 | €170,299 | €173,509 | +€3,211 | +1.9% |
| Land and buildings | 22 | €150,307 | €145,278 | -€5,029 | -3.3% |
| Furniture and vehicles | 24 | €19,991 | €28,231 | +€8,240 | +41.2% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €1,175,530 | €937,868 | -€237,662 | -20.2% |
| Stocks and contracts in progress | 3 | €654,843 | €544,735 | -€110,108 | -16.8% |
| Stocks | 30/36 | €654,843 | €544,735 | -€110,108 | -16.8% |
| Amounts receivable within one year | 40/41 | €169,089 | €224,363 | +€55,274 | +32.7% |
| Trade receivables | 40 | €168,314 | €158,748 | -€9,566 | -5.7% |
| Other amounts receivable | 41 | €775 | €65,615 | +€64,840 | +8,366% |
| Cash at bank and in hand | 54/58 | €346,078 | €163,607 | -€182,471 | -52.7% |
| Deferred charges and accrued income | 490/1 | €5,521 | €5,163 | -€357 | -6.5% |
| Total equity and liabilities | 10/49 | €1,345,940 | €1,111,489 | -€234,452 | -17.4% |
| Equity | 10/15 | €918,605 | €934,808 | +€16,203 | +1.8% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €32,250 | €48,453 | +€16,203 | +50.2% |
| Tax-exempt reserves | 132 | €23,750 | €23,750 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €24,703 | +€16,203 | +191% |
| Profit (loss) carried forward | 14 | €411,355 | €411,355 | = | 0.0% |
| Provisions and deferred taxes | 16 | €65,615 | €65,615 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,615 | €65,615 | = | 0.0% |
| Pensions and similar obligations | 160 | €65,615 | €65,615 | = | 0.0% |
| Amounts payable | 17/49 | €361,721 | €111,066 | -€250,655 | -69.3% |
| Amounts payable after more than one year | 17 | €4,825 | €0 | -€4,825 | -100% |
| Financial debts | 170/4 | €4,825 | €0 | -€4,825 | -100% |
| Amounts payable within one year | 42/48 | €356,896 | €111,066 | -€245,830 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €9,562 | €4,825 | -€4,737 | -49.5% |
| Trade debts | 44 | €330,336 | €72,718 | -€257,618 | -78.0% |
| Suppliers | 440/4 | €330,336 | €72,718 | -€257,618 | -78.0% |
| Taxes, remuneration and social security | 45 | €13,984 | €32,584 | +€18,600 | +133% |
| Taxes | 450/3 | €6,714 | €24,830 | +€18,116 | +270% |
| Remuneration and social security | 454/9 | €7,269 | €7,753 | +€484 | +6.7% |
| Other amounts payable | 47/48 | €3,014 | €940 | -€2,075 | -68.8% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €65,375 | €69,095 | +€3,720 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,022 | €23,971 | +€3,950 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,425 | €0 | +€8,425 | |
| Other operating charges | 640/8 | €17,888 | €11,143 | -€6,746 | -37.7% |
| Gross operating margin | 9900 | €120,913 | €132,951 | +€12,038 | +10.0% |
| Operating profit (loss) | 9901 | €26,052 | €28,742 | +€2,690 | +10.3% |
| Financial income | 75/76B | €3,252 | €305 | -€2,946 | -90.6% |
| Recurring financial income | 75 | €3,252 | €305 | -€2,946 | -90.6% |
| Financial charges | 65/66B | €16,779 | €6,012 | -€10,766 | -64.2% |
| Recurring financial charges | 65 | €16,779 | €6,012 | -€10,766 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €12,525 | €23,035 | +€10,510 | +83.9% |
| Income taxes | 67/77 | €4,281 | €6,832 | +€2,551 | +59.6% |
| Profit (loss) for the period | 9904 | €8,244 | €16,203 | +€7,959 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,244 | €16,203 | +€7,959 | +96.5% |
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 8 November 2026 via checked.be.