V.E.R.B.E.R.: what changed
Two fiscal 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.
V.E.R.B.E.R.
Largest movements
- Tangible fixed assets -€5,624
down €5,624 (-5.7%), from €97,933 to €92,309
- Cash -€1,335
down €1,335 (-89.8%), from €1,486 to €151
mainly Net result for the year (-€13,814)
- Profit (loss) carried forward -€13,814
down €13,814 (-2.8%), from -€499,972 to -€513,786
- Trade debts +€6,855
up €6,855 (+35.4%), from €19,391 to €26,247
- Gross operating margin -€3,648
down €3,648 (-19.1%), from €19,065 to €15,418
- Other operating charges +€717
up €717 (+3.1%), from €22,845 to €23,563
- Financial charges -€342
down €342 (-88.4%), from €387 to €45
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.
Cash bridge derived
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 | €99,419 | €92,460 | -€6,959 | -7.0% |
| Fixed assets | 21/28 | €97,933 | €92,309 | -€5,624 | -5.7% |
| Tangible fixed assets | 22/27 | €97,933 | €92,309 | -€5,624 | -5.7% |
| Land and buildings | 22 | €97,933 | €92,309 | -€5,624 | -5.7% |
| Current assets | 29/58 | €1,486 | €151 | -€1,335 | -89.8% |
| Cash at bank and in hand | 54/58 | €1,486 | €151 | -€1,335 | -89.8% |
| Total equity and liabilities | 10/49 | €99,419 | €92,460 | -€6,959 | -7.0% |
| Equity | 10/15 | €80,028 | €66,214 | -€13,814 | -17.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €550,000 | €550,000 | = | 0.0% |
| Distributable reserves | 133 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,972 | -€513,786 | -€13,814 | -2.8% |
| Amounts payable | 17/49 | €19,391 | €26,247 | +€6,855 | +35.4% |
| Amounts payable within one year | 42/48 | €19,391 | €26,247 | +€6,855 | +35.4% |
| Trade debts | 44 | €19,391 | €26,247 | +€6,855 | +35.4% |
| Suppliers | 440/4 | €19,391 | €26,247 | +€6,855 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €5,624 | = | 0.0% |
| Other operating charges | 640/8 | €22,845 | €23,563 | +€717 | +3.1% |
| Gross operating margin | 9900 | €19,065 | €15,418 | -€3,648 | -19.1% |
| Operating profit (loss) | 9901 | -€9,404 | -€13,769 | -€4,365 | -46.4% |
| Financial charges | 65/66B | €387 | €45 | -€342 | -88.4% |
| Recurring financial charges | 65 | €387 | €45 | -€342 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,791 | -€13,814 | -€4,023 | -41.1% |
| Profit (loss) for the period | 9904 | -€9,791 | -€13,814 | -€4,023 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,791 | -€13,814 | -€4,023 | -41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.