VERBA: 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.
VERBA
Largest movements
- Tangible fixed assets -€16,242
down €16,242 (-12.2%), from €133,380 to €117,138
of which Furniture and vehicles: -€9,834
- Cash +€6,218
up €6,218 (+24.5%), from €25,356 to €31,574
mainly Net result for the year (+€60,741) and Depreciation (+€21,825)
- Profit (loss) carried forward +€60,741
up €60,741 (+14.5%), from -€417,487 to -€356,746
- Trade debts -€36,205
down €36,205 (-93.8%), from €38,608 to €2,403
- Debts after one year -€23,040
down €23,040 (-6.0%), from €383,778 to €360,739
- Other debts -€22,906
down €22,906 (-97.9%), from €23,398 to €493
- Tax, wage and social debts +€9,648
up €9,648 (+70.8%), from €13,634 to €23,282
of which Taxes: +€5,648
- Gross operating margin +€41,184
up €41,184 (+58.1%), from €70,854 to €112,038
- Taxes +€14,412
up €14,412 (+208.1%), from €6,924 to €21,336
- Depreciation +€6,241
up €6,241 (+40.1%), from €15,583 to €21,825
- Financial charges -€2,114
down €2,114 (-47.2%), from €4,481 to €2,367
- Other operating charges +€1,998
up €1,998 (+46.2%), from €4,329 to €6,327
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 | €436,714 | €426,444 | -€10,270 | -2.4% |
| Fixed assets | 21/28 | €406,273 | €390,032 | -€16,242 | -4.0% |
| Intangible fixed assets | 21 | €272,894 | €272,894 | = | 0.0% |
| Tangible fixed assets | 22/27 | €133,380 | €117,138 | -€16,242 | -12.2% |
| Land and buildings | 22 | €52,933 | €48,633 | -€4,300 | -8.1% |
| Plant, machinery and equipment | 23 | €16,626 | €14,517 | -€2,108 | -12.7% |
| Furniture and vehicles | 24 | €63,821 | €53,987 | -€9,834 | -15.4% |
| Current assets | 29/58 | €30,441 | €36,412 | +€5,971 | +19.6% |
| Stocks and contracts in progress | 3 | €3,827 | €3,500 | -€327 | -8.5% |
| Stocks | 30/36 | €3,827 | €3,500 | -€327 | -8.5% |
| Amounts receivable within one year | 40/41 | €208 | €1,168 | +€960 | +461.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €208 | €1,168 | +€960 | +461.6% |
| Cash at bank and in hand | 54/58 | €25,356 | €31,574 | +€6,218 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,050 | €170 | -€879 | -83.8% |
| Total equity and liabilities | 10/49 | €436,714 | €426,444 | -€10,270 | -2.4% |
| Equity | 10/15 | -€38,895 | €21,846 | +€60,741 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €68,698 | €68,698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €763 | €763 | = | 0.0% |
| Legal reserve | 130 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €113 | €113 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,935 | €67,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€417,487 | -€356,746 | +€60,741 | +14.5% |
| Amounts payable | 17/49 | €475,609 | €404,598 | -€71,011 | -14.9% |
| Amounts payable after more than one year | 17 | €383,778 | €360,739 | -€23,040 | -6.0% |
| Financial debts | 170/4 | €383,778 | €360,739 | -€23,040 | -6.0% |
| Amounts payable within one year | 42/48 | €91,831 | €39,859 | -€51,972 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €11,350 | €13,682 | +€2,331 | +20.5% |
| Trade debts | 44 | €38,608 | €2,403 | -€36,205 | -93.8% |
| Suppliers | 440/4 | €38,608 | €2,403 | -€36,205 | -93.8% |
| Advances received on contracts in progress | 46 | €4,840 | €0 | -€4,840 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,634 | €23,282 | +€9,648 | +70.8% |
| Taxes | 450/3 | €13,634 | €19,282 | +€5,648 | +41.4% |
| Remuneration and social security | 454/9 | €0 | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €23,398 | €493 | -€22,906 | -97.9% |
| Accrued charges and deferred income | 492/3 | €0 | €4,000 | +€4,000 | |
| Non-recurring operating income | 76A | €2,722 | €11,170 | +€8,448 | +310.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,583 | €21,825 | +€6,241 | +40.1% |
| Other operating charges | 640/8 | €4,329 | €6,327 | +€1,998 | +46.2% |
| Gross operating margin | 9900 | €70,854 | €112,038 | +€41,184 | +58.1% |
| Operating profit (loss) | 9901 | €50,942 | €83,887 | +€32,945 | +64.7% |
| Financial income | 75/76B | €61 | €558 | +€497 | +812.3% |
| Recurring financial income | 75 | €61 | €558 | +€497 | +812.3% |
| Financial charges | 65/66B | €4,481 | €2,367 | -€2,114 | -47.2% |
| Recurring financial charges | 65 | €4,481 | €2,367 | -€2,114 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €46,522 | €82,077 | +€35,555 | +76.4% |
| Income taxes | 67/77 | €6,924 | €21,336 | +€14,412 | +208.1% |
| Profit (loss) for the period | 9904 | €39,598 | €60,741 | +€21,143 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,598 | €60,741 | +€21,143 | +53.4% |
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 3 October 2026 via checked.be.