VERBA-Z: 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-Z
Largest movements
- Tangible fixed assets -€23,749
down €23,749 (-27.9%), from €85,069 to €61,320
of which Furniture and vehicles: -€22,174
- Cash +€15,742
up €15,742 (+107%), from €14,689 to €30,432
mainly Depreciation (+€25,516) and Net result for the year (+€23,380)
- Receivables within one year -€2,317
down €2,317 (-100%), from €2,317 to €0
of which Other amounts receivable: -€2,317
- Debts after one year -€14,207
down €14,207 (-42.0%), from €33,848 to €19,641
- Reserves +€9,094
up €9,094 (+27.6%), from €32,911 to €42,004
of which Distributable reserves: +€9,094
- Current portion of long-term debt -€2,929
down €2,929 (-17.1%), from €17,137 to €14,207
- Other debts -€2,905
down €2,905 (-81.2%), from €3,580 to €674
- Tax, wage and social debts +€1,418
up €1,418 (+17.3%), from €8,177 to €9,595
of which Taxes: +€1,418
- Depreciation +€8,476
up €8,476 (+49.7%), from €17,040 to €25,516
- Taxes -€1,615
down €1,615 (-12.0%), from €13,483 to €11,868
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 | €105,140 | €95,174 | -€9,966 | -9.5% |
| Fixed assets | 21/28 | €85,069 | €61,320 | -€23,749 | -27.9% |
| Tangible fixed assets | 22/27 | €85,069 | €61,320 | -€23,749 | -27.9% |
| Land and buildings | 22 | €1,269 | €793 | -€476 | -37.5% |
| Plant, machinery and equipment | 23 | €2,707 | €1,608 | -€1,099 | -40.6% |
| Furniture and vehicles | 24 | €81,092 | €58,919 | -€22,174 | -27.3% |
| Current assets | 29/58 | €20,071 | €33,855 | +€13,783 | +68.7% |
| Amounts receivable within one year | 40/41 | €2,317 | €0 | -€2,317 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,317 | €0 | -€2,317 | -100% |
| Cash at bank and in hand | 54/58 | €14,689 | €30,432 | +€15,742 | +107% |
| Deferred charges and accrued income | 490/1 | €3,065 | €3,423 | +€358 | +11.7% |
| Total equity and liabilities | 10/49 | €105,140 | €95,174 | -€9,966 | -9.5% |
| Equity | 10/15 | €40,911 | €50,004 | +€9,094 | +22.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €32,911 | €42,004 | +€9,094 | +27.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,051 | €40,144 | +€9,094 | +29.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,230 | €45,170 | -€19,059 | -29.7% |
| Amounts payable after more than one year | 17 | €33,848 | €19,641 | -€14,207 | -42.0% |
| Financial debts | 170/4 | €33,848 | €19,641 | -€14,207 | -42.0% |
| Amounts payable within one year | 42/48 | €30,381 | €25,530 | -€4,852 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €17,137 | €14,207 | -€2,929 | -17.1% |
| Trade debts | 44 | €1,488 | €1,052 | -€435 | -29.3% |
| Suppliers | 440/4 | €1,488 | €1,052 | -€435 | -29.3% |
| Taxes, remuneration and social security | 45 | €8,177 | €9,595 | +€1,418 | +17.3% |
| Taxes | 450/3 | €8,177 | €9,595 | +€1,418 | +17.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,580 | €674 | -€2,905 | -81.2% |
| Non-recurring operating income | 76A | €13,412 | €0 | -€13,412 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,040 | €25,516 | +€8,476 | +49.7% |
| Other operating charges | 640/8 | €5,912 | €6,170 | +€257 | +4.3% |
| Gross operating margin | 9900 | €68,678 | €68,584 | -€94 | -0.1% |
| Operating profit (loss) | 9901 | €45,725 | €36,898 | -€8,827 | -19.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,252 | €1,651 | +€399 | +31.8% |
| Recurring financial charges | 65 | €1,252 | €1,651 | +€399 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €44,473 | €35,247 | -€9,225 | -20.7% |
| Income taxes | 67/77 | €13,483 | €11,868 | -€1,615 | -12.0% |
| Profit (loss) for the period | 9904 | €30,990 | €23,380 | -€7,610 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,990 | €23,380 | -€7,610 | -24.6% |
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 24 October 2026 via checked.be.