Verbakel TSR: 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.
Verbakel TSR
Largest movements
- Receivables within one year -€58,224
down €58,224 (-81.3%), from €71,604 to €13,380
of which Other amounts receivable: -€61,132
- Tangible fixed assets +€30,009
up €30,009 (+8.7%), from €345,438 to €375,447
of which Furniture and vehicles: +€26,459
- Cash +€8,276
up €8,276 (+58.5%), from €14,152 to €22,428
mainly Receivables within one year (+€58,224) and Debts after one year (+€48,242)
- Other debts -€62,283
down €62,283 (-58.6%), from €106,347 to €44,065
- Debts after one year +€48,242
up €48,242 (+16.6%), from €291,163 to €339,405
- Profit (loss) carried forward -€9,288
down €9,288, from €8,505 to -€783
- Reserves +€8,505
up €8,505 (+197%), from €4,307 to €12,812
- Trade debts -€4,395
down €4,395 (-91.3%), from €4,813 to €418
- Depreciation +€14,970
up €14,970 (+133%), from €11,227 to €26,197
- Gross operating margin +€8,890
up €8,890 (+31.5%), from €28,265 to €37,156
- Financial charges +€3,019
up €3,019 (+36.0%), from €8,383 to €11,402
of which Financial charges: +€2,169
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 | €435,022 | €417,226 | -€17,796 | -4.1% |
| Fixed assets | 21/28 | €346,983 | €377,792 | +€30,809 | +8.9% |
| Intangible fixed assets | 21 | €1,545 | €1,345 | -€200 | -12.9% |
| Tangible fixed assets | 22/27 | €345,438 | €375,447 | +€30,009 | +8.7% |
| Land and buildings | 22 | €289,776 | €278,364 | -€11,412 | -3.9% |
| Plant, machinery and equipment | 23 | €35,921 | €50,883 | +€14,962 | +41.7% |
| Furniture and vehicles | 24 | €19,742 | €46,200 | +€26,459 | +134% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €88,039 | €39,434 | -€48,605 | -55.2% |
| Amounts receivable within one year | 40/41 | €71,604 | €13,380 | -€58,224 | -81.3% |
| Trade receivables | 40 | €10,472 | €13,380 | +€2,908 | +27.8% |
| Other amounts receivable | 41 | €61,132 | - | -€61,132 | |
| Cash at bank and in hand | 54/58 | €14,152 | €22,428 | +€8,276 | +58.5% |
| Deferred charges and accrued income | 490/1 | €2,283 | €3,626 | +€1,343 | +58.8% |
| Total equity and liabilities | 10/49 | €435,022 | €417,226 | -€17,796 | -4.1% |
| Equity | 10/15 | €15,812 | €15,029 | -€783 | -5.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,307 | €12,812 | +€8,505 | +197% |
| Distributable reserves | 133 | €4,307 | €12,812 | +€8,505 | +197% |
| Profit (loss) carried forward | 14 | €8,505 | -€783 | -€9,288 | |
| Amounts payable | 17/49 | €419,210 | €402,197 | -€17,013 | -4.1% |
| Amounts payable after more than one year | 17 | €291,163 | €339,405 | +€48,242 | +16.6% |
| Financial debts | 170/4 | €291,163 | €339,405 | +€48,242 | +16.6% |
| Amounts payable within one year | 42/48 | €127,509 | €62,720 | -€64,789 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €16,196 | €16,758 | +€562 | +3.5% |
| Trade debts | 44 | €4,813 | €418 | -€4,395 | -91.3% |
| Suppliers | 440/4 | €4,813 | €418 | -€4,395 | -91.3% |
| Taxes, remuneration and social security | 45 | €153 | €1,480 | +€1,326 | +864% |
| Taxes | 450/3 | €153 | €1,480 | +€1,326 | +864% |
| Other amounts payable | 47/48 | €106,347 | €44,065 | -€62,283 | -58.6% |
| Accrued charges and deferred income | 492/3 | €538 | €72 | -€466 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,227 | €26,197 | +€14,970 | +133% |
| Other operating charges | 640/8 | - | €173 | +€173 | |
| Gross operating margin | 9900 | €28,265 | €37,156 | +€8,890 | +31.5% |
| Operating profit (loss) | 9901 | €17,038 | €10,785 | -€6,253 | -36.7% |
| Financial income | 75/76B | €3 | €1 | -€2 | -58.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -58.6% |
| Financial charges | 65/66B | €8,383 | €11,402 | +€3,019 | +36.0% |
| Recurring financial charges | 65 | €8,383 | €10,552 | +€2,169 | +25.9% |
| Non-recurring financial charges | 66B | - | €850 | +€850 | |
| Profit (loss) for the period before taxes | 9903 | €8,658 | -€616 | -€9,274 | |
| Income taxes | 67/77 | €153 | €167 | +€14 | +9.1% |
| Profit (loss) for the period | 9904 | €8,505 | -€783 | -€9,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,505 | -€783 | -€9,288 |
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.