INTERIM MANAGEMENT VERBELEN: what changed
INTERIM MANAGEMENT VERBELEN
Largest movements
- Receivables within one year +€6,921
new in 2025: €6,921
of which Other amounts receivable: +€6,256
- Cash -€3,739
down €3,739 (-77.3%), from €4,840 to €1,101
mainly Net result for the year (-€16,302) and Receivables within one year (-€6,921)
- Deferred charges and accrued income -€2,306
down €2,306 (-57.2%), from €4,031 to €1,725
- Tangible fixed assets -€2,062
down €2,062 (-24.4%), from €8,458 to €6,397
of which Furniture and vehicles: -€1,059
- Profit (loss) carried forward -€16,302
down €16,302 (-66.4%), from €24,554 to €8,252
- Current portion of long-term debt +€14,617
new in 2025: €14,617
- Debts after one year +€4,925
new in 2025: €4,925
- Trade debts -€3,305
down €3,305 (-34.5%), from €9,573 to €6,268
- Tax, wage and social debts -€1,907
down €1,907 (-44.0%), from €4,338 to €2,431
- Gross operating margin -€19,596
down €19,596, from €8,453 to -€11,143
- Taxes -€1,307
down €1,307 (-83.0%), from €1,575 to €268
- Financial income +€1,223
up €1,223 (+215%), from €569 to €1,792
- Financial charges +€984
up €984 (+191%), from €515 to €1,499
- Other operating charges +€497
up €497 (+28.5%), from €1,741 to €2,238
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 | €122,386 | €121,200 | -€1,186 | -1.0% |
| Fixed assets | 21/28 | €8,458 | €6,397 | -€2,062 | -24.4% |
| Tangible fixed assets | 22/27 | €8,458 | €6,397 | -€2,062 | -24.4% |
| Plant, machinery and equipment | 23 | €5,713 | €4,710 | -€1,003 | -17.6% |
| Furniture and vehicles | 24 | €2,745 | €1,686 | -€1,059 | -38.6% |
| Current assets | 29/58 | €113,928 | €114,804 | +€876 | +0.8% |
| Amounts receivable after more than one year | 29 | €105,057 | €105,057 | = | 0.0% |
| Other amounts receivable | 291 | €105,057 | €105,057 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €6,921 | +€6,921 | |
| Trade receivables | 40 | - | €665 | +€665 | |
| Other amounts receivable | 41 | - | €6,256 | +€6,256 | |
| Cash at bank and in hand | 54/58 | €4,840 | €1,101 | -€3,739 | -77.3% |
| Deferred charges and accrued income | 490/1 | €4,031 | €1,725 | -€2,306 | -57.2% |
| Total equity and liabilities | 10/49 | €122,386 | €121,200 | -€1,186 | -1.0% |
| Equity | 10/15 | €108,462 | €92,160 | -€16,302 | -15.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,908 | €81,908 | = | 0.0% |
| Distributable reserves | 133 | €81,908 | €81,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,554 | €8,252 | -€16,302 | -66.4% |
| Amounts payable | 17/49 | €13,924 | €29,040 | +€15,116 | +109% |
| Amounts payable after more than one year | 17 | - | €4,925 | +€4,925 | |
| Financial debts | 170/4 | - | €4,925 | +€4,925 | |
| Amounts payable within one year | 42/48 | €13,924 | €23,316 | +€9,392 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,617 | +€14,617 | |
| Trade debts | 44 | €9,573 | €6,268 | -€3,305 | -34.5% |
| Suppliers | 440/4 | €9,573 | €6,268 | -€3,305 | -34.5% |
| Taxes, remuneration and social security | 45 | €4,338 | €2,431 | -€1,907 | -44.0% |
| Taxes | 450/3 | €4,338 | €2,431 | -€1,907 | -44.0% |
| Other amounts payable | 47/48 | €13 | - | -€13 | |
| Accrued charges and deferred income | 492/3 | - | €799 | +€799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,363 | €2,946 | -€417 | -12.4% |
| Other operating charges | 640/8 | €1,741 | €2,238 | +€497 | +28.5% |
| Gross operating margin | 9900 | €8,453 | -€11,143 | -€19,596 | |
| Operating profit (loss) | 9901 | €3,349 | -€16,327 | -€19,676 | |
| Financial income | 75/76B | €569 | €1,792 | +€1,223 | +215% |
| Recurring financial income | 75 | €569 | €1,792 | +€1,223 | +215% |
| Financial charges | 65/66B | €515 | €1,499 | +€984 | +191% |
| Recurring financial charges | 65 | €515 | €1,499 | +€984 | +191% |
| Profit (loss) for the period before taxes | 9903 | €3,403 | -€16,034 | -€19,438 | |
| Income taxes | 67/77 | €1,575 | €268 | -€1,307 | -83.0% |
| Profit (loss) for the period | 9904 | €1,829 | -€16,302 | -€18,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,829 | -€16,302 | -€18,131 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.