The Verge: 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.
The Verge
Largest movements
- Cash +€73,130
up €73,130 (+82.9%), from €88,173 to €161,303
mainly Other debts (+€151,123) and Net result for the year (+€38,344)
- Tangible fixed assets -€10,154
down €10,154 (-24.1%), from €42,053 to €31,899
of which Furniture and vehicles: -€6,178
- Other debts +€151,123
up €151,123 (+3,306%), from €4,571 to €155,694
- Profit (loss) carried forward -€114,656
down €114,656 (-95.1%), from €120,624 to €5,968
- Debts after one year +€24,050
new in 2025: €24,050
- Current portion of long-term debt +€4,414
up €4,414 (+405%), from €1,090 to €5,504
- Depreciation -€4,709
down €4,709 (-30.8%), from €15,300 to €10,591
- Gross operating margin +€1,209
up €1,209 (+2.0%), from €59,093 to €60,301
- Taxes +€780
up €780 (+8.2%), from €9,466 to €10,246
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 | €149,914 | €212,432 | +€62,518 | +41.7% |
| Fixed assets | 21/28 | €42,053 | €31,899 | -€10,154 | -24.1% |
| Tangible fixed assets | 22/27 | €42,053 | €31,899 | -€10,154 | -24.1% |
| Plant, machinery and equipment | 23 | €8,578 | €4,601 | -€3,977 | -46.4% |
| Furniture and vehicles | 24 | €33,475 | €27,298 | -€6,178 | -18.5% |
| Current assets | 29/58 | €107,861 | €180,533 | +€72,672 | +67.4% |
| Amounts receivable within one year | 40/41 | €17,514 | €16,534 | -€979 | -5.6% |
| Trade receivables | 40 | €14,810 | €14,780 | -€30 | -0.2% |
| Other amounts receivable | 41 | €2,703 | €1,754 | -€949 | -35.1% |
| Cash at bank and in hand | 54/58 | €88,173 | €161,303 | +€73,130 | +82.9% |
| Deferred charges and accrued income | 490/1 | €2,174 | €2,696 | +€521 | +24.0% |
| Total equity and liabilities | 10/49 | €149,914 | €212,432 | +€62,518 | +41.7% |
| Equity | 10/15 | €141,084 | €26,428 | -€114,656 | -81.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €120,624 | €5,968 | -€114,656 | -95.1% |
| Amounts payable | 17/49 | €8,830 | €186,004 | +€177,174 | +2,006% |
| Amounts payable after more than one year | 17 | - | €24,050 | +€24,050 | |
| Financial debts | 170/4 | - | €24,050 | +€24,050 | |
| Amounts payable within one year | 42/48 | €8,830 | €161,953 | +€153,123 | +1,734% |
| Current portion of amounts payable after more than one year | 42 | €1,090 | €5,504 | +€4,414 | +405% |
| Trade debts | 44 | €1,561 | €603 | -€957 | -61.3% |
| Suppliers | 440/4 | €1,561 | €603 | -€957 | -61.3% |
| Taxes, remuneration and social security | 45 | €1,608 | €152 | -€1,457 | -90.6% |
| Taxes | 450/3 | €1,608 | €152 | -€1,457 | -90.6% |
| Other amounts payable | 47/48 | €4,571 | €155,694 | +€151,123 | +3,306% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,300 | €10,591 | -€4,709 | -30.8% |
| Other operating charges | 640/8 | €948 | €993 | +€46 | +4.8% |
| Non-recurring operating charges | 66A | €3 | - | -€3 | |
| Gross operating margin | 9900 | €59,093 | €60,301 | +€1,209 | +2.0% |
| Operating profit (loss) | 9901 | €42,842 | €48,716 | +€5,875 | +13.7% |
| Financial income | 75/76B | €349 | €323 | -€26 | -7.4% |
| Recurring financial income | 75 | €349 | €323 | -€26 | -7.4% |
| Financial charges | 65/66B | €261 | €450 | +€189 | +72.3% |
| Recurring financial charges | 65 | €261 | €450 | +€189 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €42,930 | €48,590 | +€5,661 | +13.2% |
| Income taxes | 67/77 | €9,466 | €10,246 | +€780 | +8.2% |
| Profit (loss) for the period | 9904 | €33,463 | €38,344 | +€4,881 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,463 | €38,344 | +€4,881 | +14.6% |
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 16 October 2026 via checked.be.