VERBACOM: 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.
VERBACOM
Largest movements
- Cash +€30,557
up €30,557 (+27.4%), from €111,483 to €142,040
mainly Net result for the year (+€44,095) and Depreciation (+€5,216)
- Receivables within one year +€10,750
up €10,750 (+48.3%), from €22,260 to €33,010
of which Trade receivables: +€9,639
- Tangible fixed assets -€5,216
down €5,216 (-20.3%), from €25,695 to €20,479
of which Other tangible fixed assets: -€4,628
- Reserves +€32,870
up €32,870 (+22.3%), from €147,324 to €180,194
of which Distributable reserves: +€34,730
- Other debts +€4,615
up €4,615 (+112.4%), from €4,105 to €8,720
- Tax, wage and social debts +€2,716
up €2,716 (+22.9%), from €11,882 to €14,598
- Trade debts -€2,387
down €2,387 (-77.7%), from €3,070 to €683
- Gross operating margin +€11,734
up €11,734 (+20.7%), from €56,713 to €68,447
- Taxes +€3,389
up €3,389 (+23.1%), from €14,657 to €18,046
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 | €180,925 | €216,834 | +€35,909 | +19.8% |
| Fixed assets | 21/28 | €25,895 | €20,679 | -€5,216 | -20.1% |
| Tangible fixed assets | 22/27 | €25,695 | €20,479 | -€5,216 | -20.3% |
| Plant, machinery and equipment | 23 | €137 | €0 | -€137 | -100.0% |
| Furniture and vehicles | 24 | €1,755 | €1,305 | -€450 | -25.6% |
| Other tangible fixed assets | 26 | €23,802 | €19,174 | -€4,628 | -19.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €155,030 | €196,155 | +€41,125 | +26.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,260 | €33,010 | +€10,750 | +48.3% |
| Trade receivables | 40 | €18,417 | €28,056 | +€9,639 | +52.3% |
| Other amounts receivable | 41 | €3,843 | €4,954 | +€1,111 | +28.9% |
| Cash at bank and in hand | 54/58 | €111,483 | €142,040 | +€30,557 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,104 | -€182 | -14.1% |
| Total equity and liabilities | 10/49 | €180,925 | €216,834 | +€35,909 | +19.8% |
| Equity | 10/15 | €159,724 | €192,594 | +€32,870 | +20.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €147,324 | €180,194 | +€32,870 | +22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €145,464 | €180,194 | +€34,730 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,201 | €24,240 | +€3,039 | +14.3% |
| Amounts payable within one year | 42/48 | €19,205 | €24,201 | +€4,996 | +26.0% |
| Financial debts | 43 | €149 | €199 | +€51 | +34.2% |
| Credit institutions | 430/8 | €149 | €199 | +€51 | +34.2% |
| Trade debts | 44 | €3,070 | €683 | -€2,387 | -77.7% |
| Suppliers | 440/4 | €3,070 | €683 | -€2,387 | -77.7% |
| Taxes, remuneration and social security | 45 | €11,882 | €14,598 | +€2,716 | +22.9% |
| Taxes | 450/3 | €11,882 | €14,598 | +€2,716 | +22.9% |
| Other amounts payable | 47/48 | €4,105 | €8,720 | +€4,615 | +112.4% |
| Accrued charges and deferred income | 492/3 | €1,995 | €39 | -€1,956 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,289 | €5,216 | -€73 | -1.4% |
| Other operating charges | 640/8 | €1,724 | €1,515 | -€208 | -12.1% |
| Gross operating margin | 9900 | €56,713 | €68,447 | +€11,734 | +20.7% |
| Operating profit (loss) | 9901 | €49,700 | €61,716 | +€12,016 | +24.2% |
| Financial income | 75/76B | €896 | €515 | -€381 | -42.6% |
| Recurring financial income | 75 | €896 | €515 | -€381 | -42.6% |
| Financial charges | 65/66B | €85 | €90 | +€6 | +6.5% |
| Recurring financial charges | 65 | €85 | €90 | +€6 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €50,511 | €62,141 | +€11,629 | +23.0% |
| Income taxes | 67/77 | €14,657 | €18,046 | +€3,389 | +23.1% |
| Profit (loss) for the period | 9904 | €35,855 | €44,095 | +€8,240 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,855 | €44,095 | +€8,240 | +23.0% |
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 30 September 2026 via checked.be.