VERBAERE: 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.
VERBAERE
Largest movements
- Receivables within one year -€12,433
down €12,433 (-57.8%), from €21,515 to €9,082
of which Trade receivables: -€14,532
- Cash +€712
up €712 (+244.2%), from €292 to €1,004
mainly Receivables within one year (+€12,433) and Depreciation (+€729)
- Tangible fixed assets -€457
down €457 (-52.8%), from €865 to €409
- Formation expenses -€272
down €272 (-20.5%), from €1,330 to €1,057
- Profit (loss) carried forward -€9,909
down €9,909 (-13.4%), from -€73,794 to -€83,703
- Other debts -€2,654
down €2,654 (-2.9%), from €91,043 to €88,389
- Gross operating margin -€10,334
down €10,334, from €1,741 to -€8,593
- Depreciation +€240
up €240 (+49.2%), from €489 to €729
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,002 | €11,552 | -€12,450 | -51.9% |
| Formation expenses | 20 | €1,330 | €1,057 | -€272 | -20.5% |
| Fixed assets | 21/28 | €865 | €409 | -€457 | -52.8% |
| Tangible fixed assets | 22/27 | €865 | €409 | -€457 | -52.8% |
| Plant, machinery and equipment | 23 | €865 | €409 | -€457 | -52.8% |
| Current assets | 29/58 | €21,807 | €10,086 | -€11,721 | -53.7% |
| Amounts receivable within one year | 40/41 | €21,515 | €9,082 | -€12,433 | -57.8% |
| Trade receivables | 40 | €15,102 | €570 | -€14,532 | -96.2% |
| Other amounts receivable | 41 | €6,413 | €8,512 | +€2,099 | +32.7% |
| Cash at bank and in hand | 54/58 | €292 | €1,004 | +€712 | +244.2% |
| Total equity and liabilities | 10/49 | €24,002 | €11,552 | -€12,450 | -51.9% |
| Equity | 10/15 | -€67,284 | -€77,193 | -€9,909 | -14.7% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,794 | -€83,703 | -€9,909 | -13.4% |
| Amounts payable | 17/49 | €91,286 | €88,744 | -€2,541 | -2.8% |
| Amounts payable within one year | 42/48 | €91,286 | €88,744 | -€2,541 | -2.8% |
| Trade debts | 44 | €243 | €356 | +€113 | +46.5% |
| Suppliers | 440/4 | €243 | €356 | +€113 | +46.5% |
| Other amounts payable | 47/48 | €91,043 | €88,389 | -€2,654 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €729 | +€240 | +49.2% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | €1,741 | -€8,593 | -€10,334 | |
| Operating profit (loss) | 9901 | €759 | -€9,828 | -€10,586 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €74 | €81 | +€7 | +9.6% |
| Recurring financial charges | 65 | €74 | €81 | +€7 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €685 | -€9,909 | -€10,594 | |
| Profit (loss) for the period | 9904 | €685 | -€9,909 | -€10,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €685 | -€9,909 | -€10,594 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.