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 -€312,579
down €312,579 (-95.4%), from €327,595 to €15,015
of which Land and buildings: -€326,570
- Current investments +€175,000
new in 2025: €175,000
- Cash +€68,088
up €68,088 (+180.3%), from €37,769 to €105,856
mainly Investment in fixed assets (net) (+€310,198) and Net result for the year (+€161,997)
- Receivables within one year +€36,410
up €36,410 (+204.1%), from €17,836 to €54,247
of which Other amounts receivable: +€34,954
- Debts after one year -€142,000
down €142,000 (-100.0%), from €142,000 to €0
- Reserves +€50,584
up €50,584 (+23.4%), from €216,374 to €266,958
of which Tax-exempt reserves: +€141,323
- Provisions +€47,108
new in 2025: €47,108
- Profit (loss) carried forward +€17,064
up €17,064, from -€17,064 to €0
- Other debts -€6,307
down €6,307 (-26.0%), from €24,295 to €17,989
- Gross operating margin +€192,612
up €192,612 (+879.2%), from €21,907 to €214,519
- Depreciation -€32,040
down €32,040 (-93.1%), from €34,421 to €2,381
- Financial income +€6,307
up €6,307, from €0 to €6,307
- Taxes +€5,240
up €5,240 (+1109.8%), from €472 to €5,712
- Financial charges -€3,035
down €3,035 (-55.5%), from €5,472 to €2,437
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 | €384,951 | €351,608 | -€33,343 | -8.7% |
| Fixed assets | 21/28 | €327,595 | €15,015 | -€312,579 | -95.4% |
| Tangible fixed assets | 22/27 | €327,595 | €15,015 | -€312,579 | -95.4% |
| Land and buildings | 22 | €326,570 | €0 | -€326,570 | -100.0% |
| Furniture and vehicles | 24 | €1,025 | €15,015 | +€13,991 | +1365.0% |
| Current assets | 29/58 | €57,356 | €336,593 | +€279,236 | +486.8% |
| Amounts receivable within one year | 40/41 | €17,836 | €54,247 | +€36,410 | +204.1% |
| Trade receivables | 40 | €6,308 | €7,765 | +€1,456 | +23.1% |
| Other amounts receivable | 41 | €11,528 | €46,482 | +€34,954 | +303.2% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €37,769 | €105,856 | +€68,088 | +180.3% |
| Deferred charges and accrued income | 490/1 | €1,751 | €1,490 | -€262 | -14.9% |
| Total equity and liabilities | 10/49 | €384,951 | €351,608 | -€33,343 | -8.7% |
| Equity | 10/15 | €217,910 | €285,558 | +€67,649 | +31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,374 | €266,958 | +€50,584 | +23.4% |
| Tax-exempt reserves | 132 | €1,178 | €142,501 | +€141,323 | +11994.0% |
| Distributable reserves | 133 | €215,195 | €124,457 | -€90,738 | -42.2% |
| Profit (loss) carried forward | 14 | -€17,064 | €0 | +€17,064 | |
| Provisions and deferred taxes | 16 | - | €47,108 | +€47,108 | |
| Deferred taxes | 168 | - | €47,108 | +€47,108 | |
| Amounts payable | 17/49 | €167,042 | €18,943 | -€148,099 | -88.7% |
| Amounts payable after more than one year | 17 | €142,000 | €0 | -€142,000 | -100.0% |
| Other amounts payable | 178/9 | €142,000 | €0 | -€142,000 | -100.0% |
| Amounts payable within one year | 42/48 | €24,596 | €18,278 | -€6,318 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €301 | €289 | -€12 | -3.9% |
| Suppliers | 440/4 | €301 | €289 | -€12 | -3.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,295 | €17,989 | -€6,307 | -26.0% |
| Accrued charges and deferred income | 492/3 | €445 | €664 | +€219 | +49.2% |
| Non-recurring operating income | 76A | €0 | €188,430 | +€188,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,421 | €2,381 | -€32,040 | -93.1% |
| Other operating charges | 640/8 | €2,069 | €1,191 | -€879 | -42.5% |
| Gross operating margin | 9900 | €21,907 | €214,519 | +€192,612 | +879.2% |
| Operating profit (loss) | 9901 | -€14,584 | €210,947 | +€225,531 | |
| Financial income | 75/76B | €0 | €6,307 | +€6,307 | |
| Recurring financial income | 75 | €0 | €6,307 | +€6,307 | |
| Financial charges | 65/66B | €5,472 | €2,437 | -€3,035 | -55.5% |
| Recurring financial charges | 65 | €5,472 | €2,437 | -€3,035 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,056 | €214,817 | +€234,874 | |
| Transfer to deferred taxes | 680 | - | €47,108 | +€47,108 | |
| Income taxes | 67/77 | €472 | €5,712 | +€5,240 | +1109.8% |
| Profit (loss) for the period | 9904 | -€20,528 | €161,997 | +€182,526 | |
| Transfer to tax-exempt reserves | 689 | - | €141,323 | +€141,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,528 | €20,675 | +€41,203 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.