Nele Verbieren: 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.
Nele Verbieren
Largest movements
- Cash +€137,839
up €137,839 (+112%), from €123,439 to €261,278
mainly Net result for the year (+€120,750) and Depreciation (+€18,616)
- Tangible fixed assets -€9,247
down €9,247 (-14.2%), from €64,912 to €55,665
of which Furniture and vehicles: -€10,626
- Profit (loss) carried forward +€120,750
new in 2025: €120,750
- Other debts +€5,537
up €5,537 (+4,325%), from €128 to €5,665
- Tax, wage and social debts +€3,230
up €3,230 (+6.1%), from €53,209 to €56,439
of which Taxes: +€3,230
- Gross operating margin +€47,711
up €47,711 (+37.2%), from €128,389 to €176,100
- Taxes +€2,829
up €2,829 (+8.6%), from €32,843 to €35,672
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 | €188,351 | €316,943 | +€128,592 | +68.3% |
| Fixed assets | 21/28 | €64,912 | €55,665 | -€9,247 | -14.2% |
| Tangible fixed assets | 22/27 | €64,912 | €55,665 | -€9,247 | -14.2% |
| Plant, machinery and equipment | 23 | €908 | €2,287 | +€1,379 | +152% |
| Furniture and vehicles | 24 | €61,804 | €51,178 | -€10,626 | -17.2% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €123,439 | €261,278 | +€137,839 | +112% |
| Cash at bank and in hand | 54/58 | €123,439 | €261,278 | +€137,839 | +112% |
| Total equity and liabilities | 10/49 | €188,351 | €316,943 | +€128,592 | +68.3% |
| Equity | 10/15 | €130,318 | €251,068 | +€120,750 | +92.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €115,318 | €115,318 | = | 0.0% |
| Distributable reserves | 133 | €115,318 | €115,318 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €120,750 | +€120,750 | |
| Amounts payable | 17/49 | €58,033 | €65,875 | +€7,842 | +13.5% |
| Amounts payable within one year | 42/48 | €58,033 | €65,375 | +€7,342 | +12.7% |
| Trade debts | 44 | €4,696 | €3,271 | -€1,425 | -30.3% |
| Suppliers | 440/4 | €4,696 | €3,271 | -€1,425 | -30.3% |
| Taxes, remuneration and social security | 45 | €53,209 | €56,439 | +€3,230 | +6.1% |
| Taxes | 450/3 | €50,709 | €53,939 | +€3,230 | +6.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €128 | €5,665 | +€5,537 | +4,325% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,857 | €18,616 | +€1,759 | +10.4% |
| Other operating charges | 640/8 | €873 | €947 | +€74 | +8.4% |
| Gross operating margin | 9900 | €128,389 | €176,100 | +€47,711 | +37.2% |
| Operating profit (loss) | 9901 | €110,660 | €156,538 | +€45,878 | +41.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €109 | €116 | +€6 | +5.8% |
| Recurring financial charges | 65 | €109 | €116 | +€6 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €110,551 | €156,422 | +€45,871 | +41.5% |
| Income taxes | 67/77 | €32,843 | €35,672 | +€2,829 | +8.6% |
| Profit (loss) for the period | 9904 | €77,708 | €120,750 | +€43,042 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,708 | €120,750 | +€43,042 | +55.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.