VERBA LEGIS: what changed
Two financial 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 LEGIS
Largest movements
- Receivables within one year -€6,821
down €6,821 (-82.5%), from €8,270 to €1,448
of which Other amounts receivable: -€4,081
- Other debts +€35,262
up €35,262 (+46.8%), from €75,282 to €110,544
- Debts after one year -€35,063
down €35,063 (-12.2%), from €287,649 to €252,586
- Trade debts -€9,752
down €9,752 (-57.8%), from €16,871 to €7,119
- Tax, wage and social debts +€8,935
up €8,935 (+239%), from €3,736 to €12,671
- Accrued charges and deferred income +€7,985
up €7,985 (+592%), from €1,350 to €9,335
- Depreciation +€9,316
up €9,316 (+113%), from €8,269 to €17,586
- Gross operating margin +€4,974
up €4,974 (+7.1%), from €69,972 to €74,946
- Financial charges +€2,066
up €2,066 (+19.0%), from €10,874 to €12,940
- Taxes -€931
down €931 (-6.7%), from €13,919 to €12,988
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.
Derived cash bridge
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 | €668,562 | €667,525 | -€1,037 | -0.2% |
| Fixed assets | 21/28 | €503,312 | €508,485 | +€5,173 | +1.0% |
| Tangible fixed assets | 22/27 | €503,312 | €508,485 | +€5,173 | +1.0% |
| Land and buildings | 22 | €496,048 | €481,024 | -€15,023 | -3.0% |
| Furniture and vehicles | 24 | - | €21,088 | +€21,088 | |
| Other tangible fixed assets | 26 | €7,264 | €6,373 | -€891 | -12.3% |
| Current assets | 29/58 | €165,250 | €159,040 | -€6,211 | -3.8% |
| Amounts receivable within one year | 40/41 | €8,270 | €1,448 | -€6,821 | -82.5% |
| Trade receivables | 40 | €3,581 | €841 | -€2,740 | -76.5% |
| Other amounts receivable | 41 | €4,689 | €607 | -€4,081 | -87.0% |
| Cash at bank and in hand | 54/58 | €136,655 | €137,914 | +€1,259 | +0.9% |
| Deferred charges and accrued income | 490/1 | €20,326 | €19,677 | -€649 | -3.2% |
| Total equity and liabilities | 10/49 | €668,562 | €667,525 | -€1,037 | -0.2% |
| Equity | 10/15 | €249,305 | €240,206 | -€9,099 | -3.6% |
| Reserves | 13 | €157,429 | €149,997 | -€7,433 | -4.7% |
| Distributable reserves | 133 | €157,429 | €149,997 | -€7,433 | -4.7% |
| Profit (loss) carried forward | 14 | €91,876 | €90,210 | -€1,666 | -1.8% |
| Amounts payable | 17/49 | €419,257 | €427,319 | +€8,061 | +1.9% |
| Amounts payable after more than one year | 17 | €287,649 | €252,586 | -€35,063 | -12.2% |
| Financial debts | 170/4 | €287,649 | €252,586 | -€35,063 | -12.2% |
| Amounts payable within one year | 42/48 | €130,258 | €165,397 | +€35,139 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €34,368 | €35,063 | +€695 | +2.0% |
| Trade debts | 44 | €16,871 | €7,119 | -€9,752 | -57.8% |
| Suppliers | 440/4 | €16,871 | €7,119 | -€9,752 | -57.8% |
| Taxes, remuneration and social security | 45 | €3,736 | €12,671 | +€8,935 | +239% |
| Taxes | 450/3 | €3,736 | €12,671 | +€8,935 | +239% |
| Other amounts payable | 47/48 | €75,282 | €110,544 | +€35,262 | +46.8% |
| Accrued charges and deferred income | 492/3 | €1,350 | €9,335 | +€7,985 | +592% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,269 | €17,586 | +€9,316 | +113% |
| Other operating charges | 640/8 | €3,984 | €3,896 | -€89 | -2.2% |
| Gross operating margin | 9900 | €69,972 | €74,946 | +€4,974 | +7.1% |
| Operating profit (loss) | 9901 | €57,718 | €53,464 | -€4,254 | -7.4% |
| Financial income | 75/76B | €832 | €1,395 | +€563 | +67.7% |
| Recurring financial income | 75 | €832 | €1,395 | +€563 | +67.7% |
| Financial charges | 65/66B | €10,874 | €12,940 | +€2,066 | +19.0% |
| Recurring financial charges | 65 | €10,874 | €12,940 | +€2,066 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €47,676 | €41,919 | -€5,757 | -12.1% |
| Income taxes | 67/77 | €13,919 | €12,988 | -€931 | -6.7% |
| Profit (loss) for the period | 9904 | €33,757 | €28,931 | -€4,826 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,757 | €28,931 | -€4,826 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.