Johnny Verborgt: 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.
Johnny Verborgt
Largest movements
- Tangible fixed assets -€34,967
down €34,967 (-12.6%), from €278,350 to €243,383
of which Leasing and similar rights: -€46,402
- Cash +€18,311
up €18,311 (+54.4%), from €33,654 to €51,965
mainly Other debts (+€74,239) and Depreciation (+€50,521)
- Other debts +€74,239
up €74,239 (+626%), from €11,866 to €86,105
- Reserves -€60,665
down €60,665 (-100%), from €60,665 to €0
- Debts after one year -€40,375
down €40,375 (-19.1%), from €211,599 to €171,224
- Tax, wage and social debts +€10,951
up €10,951 (+242%), from €4,517 to €15,469
- Depreciation +€11,702
up €11,702 (+30.1%), from €38,819 to €50,521
- Gross operating margin +€6,774
up €6,774 (+7.6%), from €89,570 to €96,345
- Taxes +€3,574
up €3,574 (+129%), from €2,779 to €6,353
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 | €332,678 | €315,584 | -€17,094 | -5.1% |
| Fixed assets | 21/28 | €278,350 | €243,383 | -€34,967 | -12.6% |
| Tangible fixed assets | 22/27 | €278,350 | €243,383 | -€34,967 | -12.6% |
| Plant, machinery and equipment | 23 | €3,649 | €11,049 | +€7,400 | +203% |
| Furniture and vehicles | 24 | €5,951 | €5,544 | -€407 | -6.8% |
| Leasing and similar rights | 25 | €268,750 | €222,348 | -€46,402 | -17.3% |
| Other tangible fixed assets | 26 | - | €4,443 | +€4,443 | |
| Current assets | 29/58 | €54,328 | €72,201 | +€17,872 | +32.9% |
| Amounts receivable within one year | 40/41 | €20,674 | €19,858 | -€817 | -4.0% |
| Trade receivables | 40 | €15,527 | €12,837 | -€2,690 | -17.3% |
| Other amounts receivable | 41 | €5,147 | €7,021 | +€1,874 | +36.4% |
| Cash at bank and in hand | 54/58 | €33,654 | €51,965 | +€18,311 | +54.4% |
| Deferred charges and accrued income | 490/1 | €0 | €378 | +€378 | |
| Total equity and liabilities | 10/49 | €332,678 | €315,584 | -€17,094 | -5.1% |
| Equity | 10/15 | €62,665 | €2,000 | -€60,665 | -96.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,665 | €0 | -€60,665 | -100% |
| Distributable reserves | 133 | €60,665 | €0 | -€60,665 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €270,013 | €313,584 | +€43,571 | +16.1% |
| Amounts payable after more than one year | 17 | €211,599 | €171,224 | -€40,375 | -19.1% |
| Financial debts | 170/4 | €211,599 | €171,224 | -€40,375 | -19.1% |
| Amounts payable within one year | 42/48 | €58,414 | €142,360 | +€83,946 | +144% |
| Current portion of amounts payable after more than one year | 42 | €38,438 | €40,375 | +€1,938 | +5.0% |
| Trade debts | 44 | €3,515 | €411 | -€3,104 | -88.3% |
| Suppliers | 440/4 | €3,515 | €411 | -€3,104 | -88.3% |
| Advances received on contracts in progress | 46 | €79 | €0 | -€79 | -100% |
| Taxes, remuneration and social security | 45 | €4,517 | €15,469 | +€10,951 | +242% |
| Taxes | 450/3 | €4,517 | €15,469 | +€10,951 | +242% |
| Other amounts payable | 47/48 | €11,866 | €86,105 | +€74,239 | +626% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,819 | €50,521 | +€11,702 | +30.1% |
| Other operating charges | 640/8 | €182 | €941 | +€759 | +417% |
| Gross operating margin | 9900 | €89,570 | €96,345 | +€6,774 | +7.6% |
| Operating profit (loss) | 9901 | €50,569 | €44,883 | -€5,686 | -11.2% |
| Financial income | 75/76B | €21 | €108 | +€87 | +422% |
| Recurring financial income | 75 | €21 | €108 | +€87 | +422% |
| Financial charges | 65/66B | €13,020 | €12,944 | -€76 | -0.6% |
| Recurring financial charges | 65 | €13,020 | €12,944 | -€76 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €37,570 | €32,047 | -€5,523 | -14.7% |
| Income taxes | 67/77 | €2,779 | €6,353 | +€3,574 | +129% |
| Profit (loss) for the period | 9904 | €34,791 | €25,694 | -€9,097 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,791 | €25,694 | -€9,097 | -26.1% |
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 31 October 2026 via checked.be.