VERBAFIM: 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.
VERBAFIM
Largest movements
- Stocks and contracts -€227,205
down €227,205 (-100.0%), from €227,205 to €0
- Current investments +€150,000
up €150,000 (+283.0%), from €53,000 to €203,000
- Receivables within one year +€62,461
up €62,461 (+47.3%), from €132,179 to €194,639
- Cash -€26,608
down €26,608 (-46.2%), from €57,620 to €31,012
mainly Current investments (-€150,000) and Other debts (-€117,073)
- Tangible fixed assets -€12,281
down €12,281 (-2.6%), from €472,632 to €460,350
of which Land and buildings: -€21,605
- Other debts -€117,073
down €117,073 (-33.3%), from €351,234 to €234,161
- Profit (loss) carried forward +€38,925
up €38,925, from -€38,925 to €0
- Debts after one year +€24,265
up €24,265 (+12.5%), from €193,626 to €217,892
of which Financial debts: +€24,215
- Gross operating margin +€43,798
up €43,798 (+40.1%), from €109,185 to €152,982
- Staff costs -€11,111
down €11,111 (-27.8%), from €40,017 to €28,906
- Other operating charges +€5,302
up €5,302 (+96.6%), from €5,486 to €10,787
- Taxes +€3,543
up €3,543 (+96.6%), from €3,669 to €7,212
- Financial charges +€2,422
up €2,422 (+42.9%), from €5,653 to €8,075
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 | €952,756 | €898,494 | -€54,262 | -5.7% |
| Fixed assets | 21/28 | €482,752 | €469,843 | -€12,909 | -2.7% |
| Intangible fixed assets | 21 | €5,910 | €5,282 | -€628 | -10.6% |
| Tangible fixed assets | 22/27 | €472,632 | €460,350 | -€12,281 | -2.6% |
| Land and buildings | 22 | €395,820 | €374,215 | -€21,605 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €71,098 | €81,850 | +€10,753 | +15.1% |
| Other tangible fixed assets | 26 | €5,714 | €4,286 | -€1,429 | -25.0% |
| Financial fixed assets | 28 | €4,210 | €4,210 | = | 0.0% |
| Current assets | 29/58 | €470,004 | €428,652 | -€41,352 | -8.8% |
| Stocks and contracts in progress | 3 | €227,205 | €0 | -€227,205 | -100.0% |
| Stocks | 30/36 | €227,205 | €0 | -€227,205 | -100.0% |
| Amounts receivable within one year | 40/41 | €132,179 | €194,639 | +€62,461 | +47.3% |
| Other amounts receivable | 41 | €132,179 | €194,639 | +€62,461 | +47.3% |
| Current investments | 50/53 | €53,000 | €203,000 | +€150,000 | +283.0% |
| Cash at bank and in hand | 54/58 | €57,620 | €31,012 | -€26,608 | -46.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €952,756 | €898,494 | -€54,262 | -5.7% |
| Equity | 10/15 | €354,601 | €398,442 | +€43,841 | +12.4% |
| Contributions | 10/11 | €120,300 | €120,300 | = | 0.0% |
| Reserves | 13 | €273,226 | €278,142 | +€4,916 | +1.8% |
| Non-distributable reserves | 130/1 | €12,030 | €12,030 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,030 | €12,030 | = | 0.0% |
| Distributable reserves | 133 | €261,196 | €266,112 | +€4,916 | +1.9% |
| Profit (loss) carried forward | 14 | -€38,925 | €0 | +€38,925 | |
| Amounts payable | 17/49 | €598,155 | €500,053 | -€98,102 | -16.4% |
| Amounts payable after more than one year | 17 | €193,626 | €217,892 | +€24,265 | +12.5% |
| Financial debts | 170/4 | €193,376 | €217,592 | +€24,215 | +12.5% |
| Other amounts payable | 178/9 | €250 | €300 | +€50 | +20.0% |
| Amounts payable within one year | 42/48 | €404,528 | €282,161 | -€122,367 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €22,260 | €27,908 | +€5,647 | +25.4% |
| Trade debts | 44 | €23,711 | €20,092 | -€3,619 | -15.3% |
| Suppliers | 440/4 | €23,711 | €20,092 | -€3,619 | -15.3% |
| Taxes, remuneration and social security | 45 | €7,322 | €0 | -€7,322 | -100.0% |
| Taxes | 450/3 | €647 | €0 | -€647 | -100.0% |
| Remuneration and social security | 454/9 | €6,676 | €0 | -€6,676 | -100.0% |
| Other amounts payable | 47/48 | €351,234 | €234,161 | -€117,073 | -33.3% |
| Remuneration, social security and pensions | 62 | €40,017 | €28,906 | -€11,111 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,757 | €54,396 | -€2,360 | -4.2% |
| Other operating charges | 640/8 | €5,486 | €10,787 | +€5,302 | +96.6% |
| Gross operating margin | 9900 | €109,185 | €152,982 | +€43,798 | +40.1% |
| Operating profit (loss) | 9901 | €6,925 | €58,892 | +€51,967 | +750.4% |
| Financial income | 75/76B | €1 | €235 | +€234 | +25421.7% |
| Recurring financial income | 75 | €1 | €235 | +€234 | +25421.7% |
| Financial charges | 65/66B | €5,653 | €8,075 | +€2,422 | +42.9% |
| Recurring financial charges | 65 | €5,653 | €8,075 | +€2,422 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €1,274 | €51,052 | +€49,779 | +3908.4% |
| Income taxes | 67/77 | €3,669 | €7,212 | +€3,543 | +96.6% |
| Profit (loss) for the period | 9904 | -€2,395 | €43,841 | +€46,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,395 | €43,841 | +€46,236 |
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 8 October 2026 via checked.be.