LAURENT VERBRAKEN: what changed
LAURENT VERBRAKEN
Largest movements
- Tangible fixed assets -€11,699
down €11,699 (-10.8%), from €108,689 to €96,990
of which Land and buildings: -€6,015
- Cash -€8,078
down €8,078 (-31.0%), from €26,019 to €17,941
mainly Debts after one year (-€25,703) and Tax, wage and social debts (-€3,506)
- Deferred charges and accrued income +€3,228
up €3,228 (+115%), from €2,817 to €6,046
- Debts after one year -€25,703
down €25,703 (-25.8%), from €99,684 to €73,981
- Trade debts +€7,488
up €7,488 (+92.5%), from €8,099 to €15,587
- Profit (loss) carried forward +€3,910
up €3,910 (+5.5%), from €71,640 to €75,550
- Tax, wage and social debts -€3,506
down €3,506 (-84.5%), from €4,148 to €642
- Other operating charges -€10,242
down €10,242 (-47.8%), from €21,416 to €11,174
- Gross operating margin -€6,579
down €6,579 (-19.5%), from €33,719 to €27,139
- Financial income +€1,650
up €1,650 (+77.0%), from €2,143 to €3,793
- Depreciation -€1,153
down €1,153 (-9.0%), from €12,853 to €11,699
- Financial charges +€987
up €987 (+33.9%), from €2,915 to €3,903
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 | €234,922 | €217,307 | -€17,615 | -7.5% |
| Fixed assets | 21/28 | €108,689 | €96,990 | -€11,699 | -10.8% |
| Tangible fixed assets | 22/27 | €108,689 | €96,990 | -€11,699 | -10.8% |
| Land and buildings | 22 | €87,266 | €81,251 | -€6,015 | -6.9% |
| Furniture and vehicles | 24 | €3,041 | €835 | -€2,205 | -72.5% |
| Other tangible fixed assets | 26 | €18,383 | €14,904 | -€3,479 | -18.9% |
| Current assets | 29/58 | €126,232 | €120,317 | -€5,915 | -4.7% |
| Amounts receivable within one year | 40/41 | €97,396 | €96,330 | -€1,066 | -1.1% |
| Trade receivables | 40 | €25,555 | €51,470 | +€25,915 | +101% |
| Other amounts receivable | 41 | €71,840 | €44,860 | -€26,981 | -37.6% |
| Cash at bank and in hand | 54/58 | €26,019 | €17,941 | -€8,078 | -31.0% |
| Deferred charges and accrued income | 490/1 | €2,817 | €6,046 | +€3,228 | +115% |
| Total equity and liabilities | 10/49 | €234,922 | €217,307 | -€17,615 | -7.5% |
| Equity | 10/15 | €87,069 | €90,979 | +€3,910 | +4.5% |
| Contributions | 10/11 | €13,569 | €13,569 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,640 | €75,550 | +€3,910 | +5.5% |
| Amounts payable | 17/49 | €147,852 | €126,327 | -€21,525 | -14.6% |
| Amounts payable after more than one year | 17 | €99,684 | €73,981 | -€25,703 | -25.8% |
| Financial debts | 170/4 | €99,684 | €73,981 | -€25,703 | -25.8% |
| Amounts payable within one year | 42/48 | €48,168 | €52,347 | +€4,179 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €25,331 | €25,703 | +€372 | +1.5% |
| Financial debts | 43 | €463 | €1,487 | +€1,024 | +221% |
| Credit institutions | 430/8 | €463 | €1,487 | +€1,024 | +221% |
| Trade debts | 44 | €8,099 | €15,587 | +€7,488 | +92.5% |
| Suppliers | 440/4 | €8,099 | €15,587 | +€7,488 | +92.5% |
| Taxes, remuneration and social security | 45 | €4,148 | €642 | -€3,506 | -84.5% |
| Taxes | 450/3 | €4,148 | €642 | -€3,506 | -84.5% |
| Other amounts payable | 47/48 | €10,127 | €8,927 | -€1,200 | -11.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,853 | €11,699 | -€1,153 | -9.0% |
| Other operating charges | 640/8 | €21,416 | €11,174 | -€10,242 | -47.8% |
| Gross operating margin | 9900 | €33,719 | €27,139 | -€6,579 | -19.5% |
| Operating profit (loss) | 9901 | -€551 | €4,266 | +€4,816 | |
| Financial income | 75/76B | €2,143 | €3,793 | +€1,650 | +77.0% |
| Recurring financial income | 75 | €2,143 | €3,793 | +€1,650 | +77.0% |
| Financial charges | 65/66B | €2,915 | €3,903 | +€987 | +33.9% |
| Recurring financial charges | 65 | €2,915 | €3,903 | +€987 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,322 | €4,156 | +€5,478 | |
| Income taxes | 67/77 | €268 | €246 | -€22 | -8.3% |
| Profit (loss) for the period | 9904 | -€1,591 | €3,910 | +€5,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,591 | €3,910 | +€5,501 |
Next steps
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 2 November 2026 via checked.be.