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
- Receivables after one year +€110,000
up €110,000, from €0 to €110,000
- Receivables within one year -€37,585
down €37,585 (-98.3%), from €38,235 to €651
of which Trade receivables: -€21,214
- Cash +€18,118
up €18,118 (+12.8%), from €141,271 to €159,389
mainly Other debts (+€122,321) and Net result for the year (+€93,157)
- Other debts +€122,321
up €122,321 (+2361.9%), from €5,179 to €127,500
- Reserves -€56,843
down €56,843 (-39.2%), from €144,976 to €88,133
- Tax, wage and social debts +€27,142
up €27,142 (+108.4%), from €25,045 to €52,187
- Gross operating margin -€13,842
down €13,842 (-9.6%), from €144,734 to €130,892
- Taxes -€5,321
down €5,321 (-15.3%), from €34,817 to €29,496
- Financial income -€2,038
down €2,038 (-58.1%), from €3,506 to €1,469
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 | €189,136 | €278,021 | +€88,885 | +47.0% |
| Fixed assets | 21/28 | €5,226 | €3,475 | -€1,751 | -33.5% |
| Tangible fixed assets | 22/27 | €5,226 | €3,475 | -€1,751 | -33.5% |
| Plant, machinery and equipment | 23 | €5,226 | €3,475 | -€1,751 | -33.5% |
| Current assets | 29/58 | €183,910 | €274,547 | +€90,637 | +49.3% |
| Amounts receivable after more than one year | 29 | €0 | €110,000 | +€110,000 | |
| Other amounts receivable | 291 | €0 | €110,000 | +€110,000 | |
| Amounts receivable within one year | 40/41 | €38,235 | €651 | -€37,585 | -98.3% |
| Trade receivables | 40 | €21,214 | €0 | -€21,214 | -100.0% |
| Other amounts receivable | 41 | €17,022 | €651 | -€16,371 | -96.2% |
| Cash at bank and in hand | 54/58 | €141,271 | €159,389 | +€18,118 | +12.8% |
| Deferred charges and accrued income | 490/1 | €4,404 | €4,507 | +€103 | +2.3% |
| Total equity and liabilities | 10/49 | €189,136 | €278,021 | +€88,885 | +47.0% |
| Equity | 10/15 | €146,176 | €89,333 | -€56,843 | -38.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €144,976 | €88,133 | -€56,843 | -39.2% |
| Distributable reserves | 133 | €144,976 | €88,133 | -€56,843 | -39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,960 | €188,688 | +€145,728 | +339.2% |
| Amounts payable within one year | 42/48 | €42,960 | €188,688 | +€145,728 | +339.2% |
| Current portion of amounts payable after more than one year | 42 | €9,355 | €6,769 | -€2,586 | -27.6% |
| Trade debts | 44 | €3,381 | €2,232 | -€1,149 | -34.0% |
| Suppliers | 440/4 | €3,381 | €2,232 | -€1,149 | -34.0% |
| Taxes, remuneration and social security | 45 | €25,045 | €52,187 | +€27,142 | +108.4% |
| Taxes | 450/3 | €25,045 | €52,187 | +€27,142 | +108.4% |
| Other amounts payable | 47/48 | €5,179 | €127,500 | +€122,321 | +2361.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €1,751 | +€49 | +2.9% |
| Other operating charges | 640/8 | €1,245 | €914 | -€330 | -26.5% |
| Gross operating margin | 9900 | €144,734 | €130,892 | -€13,842 | -9.6% |
| Operating profit (loss) | 9901 | €141,787 | €128,226 | -€13,560 | -9.6% |
| Financial income | 75/76B | €3,506 | €1,469 | -€2,038 | -58.1% |
| Recurring financial income | 75 | €3,506 | €1,469 | -€2,038 | -58.1% |
| Financial charges | 65/66B | €6,212 | €7,042 | +€830 | +13.4% |
| Recurring financial charges | 65 | €6,212 | €7,042 | +€830 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €139,081 | €122,653 | -€16,428 | -11.8% |
| Income taxes | 67/77 | €34,817 | €29,496 | -€5,321 | -15.3% |
| Profit (loss) for the period | 9904 | €104,264 | €93,157 | -€11,107 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,264 | €93,157 | -€11,107 | -10.7% |
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 6 October 2026 via checked.be.