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
down €110,000 (-59.5%), from €185,000 to €75,000
- Current investments +€44,104
up €44,104 (+8.4%), from €526,615 to €570,719
- Reserves -€71,436
down €71,436 (-9.4%), from €761,499 to €690,063
- Financial income -€138,392
down €138,392 (-51.6%), from €267,974 to €129,582
- Taxes -€11,671
down €11,671 (-50.9%), from €22,952 to €11,281
- Financial charges -€7,338
down €7,338 (-79.0%), from €9,292 to €1,954
- Gross operating margin +€2,177
up €2,177 (+42.6%), from -€5,107 to -€2,930
- Other operating charges -€493
down €493 (-44.6%), from €1,105 to €612
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 | €988,950 | €917,872 | -€71,079 | -7.2% |
| Fixed assets | 21/28 | €149,999 | €149,999 | = | 0.0% |
| Financial fixed assets | 28 | €149,999 | €149,999 | = | 0.0% |
| Current assets | 29/58 | €838,951 | €767,873 | -€71,079 | -8.5% |
| Amounts receivable after more than one year | 29 | €185,000 | €75,000 | -€110,000 | -59.5% |
| Other amounts receivable | 291 | €185,000 | €75,000 | -€110,000 | -59.5% |
| Current investments | 50/53 | €526,615 | €570,719 | +€44,104 | +8.4% |
| Cash at bank and in hand | 54/58 | €113,648 | €106,313 | -€7,335 | -6.5% |
| Deferred charges and accrued income | 490/1 | €13,688 | €15,841 | +€2,153 | +15.7% |
| Total equity and liabilities | 10/49 | €988,950 | €917,872 | -€71,079 | -7.2% |
| Equity | 10/15 | €780,049 | €708,613 | -€71,436 | -9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €761,499 | €690,063 | -€71,436 | -9.4% |
| Distributable reserves | 133 | €761,499 | €690,063 | -€71,436 | -9.4% |
| Amounts payable | 17/49 | €208,901 | €209,259 | +€357 | +0.2% |
| Amounts payable within one year | 42/48 | €208,901 | €209,259 | +€357 | +0.2% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,279 | €23,617 | +€6,338 | +36.7% |
| Taxes | 450/3 | €17,279 | €23,617 | +€6,338 | +36.7% |
| Other amounts payable | 47/48 | €190,622 | €184,642 | -€5,980 | -3.1% |
| Other operating charges | 640/8 | €1,105 | €612 | -€493 | -44.6% |
| Gross operating margin | 9900 | -€5,107 | -€2,930 | +€2,177 | +42.6% |
| Operating profit (loss) | 9901 | -€6,212 | -€3,542 | +€2,670 | +43.0% |
| Financial income | 75/76B | €267,974 | €129,582 | -€138,392 | -51.6% |
| Recurring financial income | 75 | €267,974 | €129,582 | -€138,392 | -51.6% |
| Financial charges | 65/66B | €9,292 | €1,954 | -€7,338 | -79.0% |
| Recurring financial charges | 65 | €9,292 | €1,954 | -€7,338 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €252,470 | €124,087 | -€128,383 | -50.9% |
| Income taxes | 67/77 | €22,952 | €11,281 | -€11,671 | -50.9% |
| Profit (loss) for the period | 9904 | €229,518 | €112,806 | -€116,712 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €229,518 | €112,806 | -€116,712 | -50.9% |
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 4 October 2026 via checked.be.