Verba Nata: 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 Nata
Largest movements
- Receivables within one year +€59,346
up €59,346 (+119%), from €49,794 to €109,140
- Cash +€30,401
up €30,401 (+143%), from €21,199 to €51,600
mainly Net result for the year (+€77,160) and Tax, wage and social debts (+€23,088)
- Tangible fixed assets -€8,735
down €8,735 (-71.3%), from €12,248 to €3,513
- Reserves +€76,000
up €76,000 (+271%), from €28,000 to €104,000
- Other debts -€27,889
down €27,889 (-78.3%), from €35,606 to €7,718
- Tax, wage and social debts +€23,088
up €23,088 (+169%), from €13,673 to €36,761
- Accrued charges and deferred income +€12,835
new in 2025: €12,835
- Trade debts -€2,163
down €2,163 (-59.5%), from €3,634 to €1,471
- Gross operating margin +€62,657
up €62,657 (+137%), from €45,816 to €108,473
- Taxes +€13,189
up €13,189 (+152%), from €8,683 to €21,871
- Depreciation +€1,865
up €1,865 (+27.1%), from €6,870 to €8,735
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 | €84,223 | €166,421 | +€82,198 | +97.6% |
| Fixed assets | 21/28 | €12,248 | €3,513 | -€8,735 | -71.3% |
| Tangible fixed assets | 22/27 | €12,248 | €3,513 | -€8,735 | -71.3% |
| Furniture and vehicles | 24 | €12,248 | €3,513 | -€8,735 | -71.3% |
| Current assets | 29/58 | €71,975 | €162,908 | +€90,933 | +126% |
| Amounts receivable within one year | 40/41 | €49,794 | €109,140 | +€59,346 | +119% |
| Trade receivables | 40 | €49,794 | €109,140 | +€59,346 | +119% |
| Cash at bank and in hand | 54/58 | €21,199 | €51,600 | +€30,401 | +143% |
| Deferred charges and accrued income | 490/1 | €983 | €2,169 | +€1,186 | +121% |
| Total equity and liabilities | 10/49 | €84,223 | €166,421 | +€82,198 | +97.6% |
| Equity | 10/15 | €31,310 | €107,636 | +€76,327 | +244% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €28,000 | €104,000 | +€76,000 | +271% |
| Distributable reserves | 133 | €28,000 | €104,000 | +€76,000 | +271% |
| Profit (loss) carried forward | 14 | €910 | €1,236 | +€327 | +35.9% |
| Amounts payable | 17/49 | €52,914 | €58,785 | +€5,871 | +11.1% |
| Amounts payable within one year | 42/48 | €52,914 | €45,950 | -€6,964 | -13.2% |
| Trade debts | 44 | €3,634 | €1,471 | -€2,163 | -59.5% |
| Suppliers | 440/4 | €3,634 | €1,471 | -€2,163 | -59.5% |
| Taxes, remuneration and social security | 45 | €13,673 | €36,761 | +€23,088 | +169% |
| Taxes | 450/3 | €13,673 | €36,761 | +€23,088 | +169% |
| Other amounts payable | 47/48 | €35,606 | €7,718 | -€27,889 | -78.3% |
| Accrued charges and deferred income | 492/3 | - | €12,835 | +€12,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,870 | €8,735 | +€1,865 | +27.1% |
| Other operating charges | 640/8 | €410 | €617 | +€207 | +50.7% |
| Gross operating margin | 9900 | €45,816 | €108,473 | +€62,657 | +137% |
| Operating profit (loss) | 9901 | €38,536 | €99,121 | +€60,585 | +157% |
| Financial income | 75/76B | €15 | €2 | -€13 | -86.7% |
| Recurring financial income | 75 | €15 | €2 | -€13 | -86.7% |
| Financial charges | 65/66B | €100 | €93 | -€7 | -7.0% |
| Recurring financial charges | 65 | €100 | €93 | -€7 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €38,451 | €99,031 | +€60,579 | +158% |
| Income taxes | 67/77 | €8,683 | €21,871 | +€13,189 | +152% |
| Profit (loss) for the period | 9904 | €29,769 | €77,160 | +€47,391 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €29,769 | €77,160 | +€47,391 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.