VERBAR: 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.
VERBAR
Largest movements
- Tangible fixed assets -€74,881
down €74,881 (-11.1%), from €673,889 to €599,008
- Cash +€18,159
up €18,159 (+163.8%), from €11,086 to €29,245
mainly Depreciation (+€74,881) and Other debts (+€15,000)
- Receivables within one year +€14,643
up €14,643 (+62.0%), from €23,608 to €38,250
of which Trade receivables: +€14,581
- Debts after one year -€66,672
down €66,672 (-11.3%), from €588,856 to €522,184
- Other debts +€15,000
up €15,000 (+4.3%), from €346,729 to €361,729
- Profit (loss) carried forward +€14,958
up €14,958 (+4.4%), from -€342,824 to -€327,867
- Gross operating margin +€37,498
up €37,498 (+49.8%), from €75,371 to €112,868
- Write-downs +€11,000
up €11,000, from -€11,000 to €0
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 | €709,905 | €667,950 | -€41,955 | -5.9% |
| Fixed assets | 21/28 | €673,889 | €599,008 | -€74,881 | -11.1% |
| Tangible fixed assets | 22/27 | €673,889 | €599,008 | -€74,881 | -11.1% |
| Land and buildings | 22 | €673,889 | €599,008 | -€74,881 | -11.1% |
| Current assets | 29/58 | €36,017 | €68,942 | +€32,926 | +91.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,608 | €38,250 | +€14,643 | +62.0% |
| Trade receivables | 40 | €23,608 | €38,188 | +€14,581 | +61.8% |
| Other amounts receivable | 41 | - | €62 | +€62 | |
| Cash at bank and in hand | 54/58 | €11,086 | €29,245 | +€18,159 | +163.8% |
| Deferred charges and accrued income | 490/1 | €1,323 | €1,447 | +€124 | +9.4% |
| Total equity and liabilities | 10/49 | €709,905 | €667,950 | -€41,955 | -5.9% |
| Equity | 10/15 | -€309,265 | -€294,308 | +€14,958 | +4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €15,009 | €15,009 | = | 0.0% |
| Distributable reserves | 133 | €15,009 | €15,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,824 | -€327,867 | +€14,958 | +4.4% |
| Amounts payable | 17/49 | €1,019,171 | €962,258 | -€56,913 | -5.6% |
| Amounts payable after more than one year | 17 | €588,856 | €522,184 | -€66,672 | -11.3% |
| Financial debts | 170/4 | €588,856 | €522,184 | -€66,672 | -11.3% |
| Amounts payable within one year | 42/48 | €425,233 | €434,295 | +€9,062 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €73,533 | €66,672 | -€6,861 | -9.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,971 | €5,894 | +€923 | +18.6% |
| Taxes | 450/3 | €4,971 | €5,894 | +€923 | +18.6% |
| Other amounts payable | 47/48 | €346,729 | €361,729 | +€15,000 | +4.3% |
| Accrued charges and deferred income | 492/3 | €5,082 | €5,779 | +€697 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,881 | €74,881 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,000 | €0 | +€11,000 | |
| Other operating charges | 640/8 | €8,590 | €8,685 | +€94 | +1.1% |
| Gross operating margin | 9900 | €75,371 | €112,868 | +€37,498 | +49.8% |
| Operating profit (loss) | 9901 | €2,899 | €29,302 | +€26,403 | +910.6% |
| Financial charges | 65/66B | €14,767 | €14,345 | -€422 | -2.9% |
| Recurring financial charges | 65 | €14,767 | €14,345 | -€422 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,867 | €14,958 | +€26,825 | |
| Profit (loss) for the period | 9904 | -€11,867 | €14,958 | +€26,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,867 | €14,958 | +€26,825 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.