IMMO VERBEL: 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.
IMMO VERBEL
Largest movements
- Cash +€42,989
up €42,989 (+40.8%), from €105,394 to €148,383
mainly Net result for the year (+€33,644) and Other debts (+€22,800)
- Tangible fixed assets -€6,238
down €6,238 (-2.3%), from €266,191 to €259,953
- Other debts +€22,800
up €22,800 (+200.8%), from €11,355 to €34,155
- Reserves +€9,644
up €9,644 (+3.2%), from €304,190 to €313,835
- Tax, wage and social debts +€4,590
up €4,590 (+447.9%), from €1,025 to €5,615
- Depreciation -€15,438
down €15,438 (-71.2%), from €21,676 to €6,238
- Taxes +€4,590
up €4,590 (+41.6%), from €11,025 to €15,615
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.
Cash bridge derived
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 | €378,655 | €415,604 | +€36,949 | +9.8% |
| Fixed assets | 21/28 | €266,191 | €259,953 | -€6,238 | -2.3% |
| Tangible fixed assets | 22/27 | €266,191 | €259,953 | -€6,238 | -2.3% |
| Land and buildings | 22 | €266,191 | €259,953 | -€6,238 | -2.3% |
| Current assets | 29/58 | €112,464 | €155,651 | +€43,187 | +38.4% |
| Cash at bank and in hand | 54/58 | €105,394 | €148,383 | +€42,989 | +40.8% |
| Deferred charges and accrued income | 490/1 | €7,070 | €7,268 | +€198 | +2.8% |
| Total equity and liabilities | 10/49 | €378,655 | €415,604 | +€36,949 | +9.8% |
| Equity | 10/15 | €366,190 | €375,835 | +€9,644 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €304,190 | €313,835 | +€9,644 | +3.2% |
| Distributable reserves | 133 | €304,190 | €313,835 | +€9,644 | +3.2% |
| Amounts payable | 17/49 | €12,465 | €39,769 | +€27,305 | +219.1% |
| Amounts payable within one year | 42/48 | €12,465 | €39,769 | +€27,305 | +219.1% |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Taxes, remuneration and social security | 45 | €1,025 | €5,615 | +€4,590 | +447.9% |
| Taxes | 450/3 | €1,025 | €5,615 | +€4,590 | +447.9% |
| Other amounts payable | 47/48 | €11,355 | €34,155 | +€22,800 | +200.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,676 | €6,238 | -€15,438 | -71.2% |
| Other operating charges | 640/8 | €13,727 | €14,278 | +€550 | +4.0% |
| Gross operating margin | 9900 | €70,647 | €70,387 | -€260 | -0.4% |
| Operating profit (loss) | 9901 | €35,244 | €49,871 | +€14,627 | +41.5% |
| Financial charges | 65/66B | €345 | €613 | +€268 | +77.5% |
| Recurring financial charges | 65 | €345 | €613 | +€268 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €34,899 | €49,259 | +€14,360 | +41.1% |
| Income taxes | 67/77 | €11,025 | €15,615 | +€4,590 | +41.6% |
| Profit (loss) for the period | 9904 | €23,874 | €33,644 | +€9,770 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,874 | €33,644 | +€9,770 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.