JEROME VERBIST: 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.
JEROME VERBIST
Largest movements
- Receivables within one year +€26,030
up €26,030 (+17.4%), from €149,826 to €175,855
of which Trade receivables: +€19,048
- Tangible fixed assets +€13,922
up €13,922 (+5,569%), from €250 to €14,172
of which Furniture and vehicles: +€13,922
- Cash +€6,636
up €6,636 (+9.5%), from €70,140 to €76,776
mainly Trade debts (+€34,605) and Net result for the year (+€5,866)
- Deferred charges and accrued income +€3,309
up €3,309 (+311%), from €1,064 to €4,372
- Trade debts +€34,605
up €34,605 (+1,114%), from €3,107 to €37,712
- Reserves +€5,866
up €5,866 (+3.8%), from €156,056 to €161,922
- Other debts +€5,561
up €5,561 (+10.1%), from €54,809 to €60,370
- Accrued charges and deferred income +€3,865
up €3,865 (+103%), from €3,747 to €7,612
- Gross operating margin +€5,675
up €5,675 (+71.4%), from €7,954 to €13,630
- Depreciation -€2,710
down €2,710 (-80.0%), from €3,388 to €678
- Taxes +€2,190
up €2,190 (+1,289%), from €170 to €2,360
- Financial charges +€166
up €166 (+4.3%), from €3,835 to €4,000
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 | €221,279 | €271,176 | +€49,896 | +22.5% |
| Fixed assets | 21/28 | €250 | €14,172 | +€13,922 | +5,569% |
| Tangible fixed assets | 22/27 | €250 | €14,172 | +€13,922 | +5,569% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €250 | €14,172 | +€13,922 | +5,569% |
| Current assets | 29/58 | €221,030 | €257,004 | +€35,974 | +16.3% |
| Amounts receivable within one year | 40/41 | €149,826 | €175,855 | +€26,030 | +17.4% |
| Trade receivables | 40 | €137,505 | €156,553 | +€19,048 | +13.9% |
| Other amounts receivable | 41 | €12,321 | €19,303 | +€6,982 | +56.7% |
| Cash at bank and in hand | 54/58 | €70,140 | €76,776 | +€6,636 | +9.5% |
| Deferred charges and accrued income | 490/1 | €1,064 | €4,372 | +€3,309 | +311% |
| Total equity and liabilities | 10/49 | €221,279 | €271,176 | +€49,896 | +22.5% |
| Equity | 10/15 | €159,056 | €164,922 | +€5,866 | +3.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €156,056 | €161,922 | +€5,866 | +3.8% |
| Distributable reserves | 133 | €156,056 | €161,922 | +€5,866 | +3.8% |
| Amounts payable | 17/49 | €62,224 | €106,254 | +€44,030 | +70.8% |
| Amounts payable within one year | 42/48 | €58,476 | €98,642 | +€40,166 | +68.7% |
| Trade debts | 44 | €3,107 | €37,712 | +€34,605 | +1,114% |
| Suppliers | 440/4 | €3,107 | €37,712 | +€34,605 | +1,114% |
| Taxes, remuneration and social security | 45 | €560 | €560 | = | 0.0% |
| Taxes | 450/3 | €560 | €560 | = | 0.0% |
| Other amounts payable | 47/48 | €54,809 | €60,370 | +€5,561 | +10.1% |
| Accrued charges and deferred income | 492/3 | €3,747 | €7,612 | +€3,865 | +103% |
| Non-recurring operating income | 76A | - | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €678 | -€2,710 | -80.0% |
| Other operating charges | 640/8 | €682 | €726 | +€43 | +6.4% |
| Gross operating margin | 9900 | €7,954 | €13,630 | +€5,675 | +71.4% |
| Operating profit (loss) | 9901 | €3,884 | €12,226 | +€8,342 | +215% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €3,835 | €4,000 | +€166 | +4.3% |
| Recurring financial charges | 65 | €3,835 | €4,000 | +€166 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €49 | €8,226 | +€8,177 | +16,640% |
| Income taxes | 67/77 | €170 | €2,360 | +€2,190 | +1,289% |
| Profit (loss) for the period | 9904 | -€121 | €5,866 | +€5,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121 | €5,866 | +€5,987 |
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 19 October 2026 via checked.be.