VERBATCO: 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.
VERBATCO
Largest movements
- Receivables within one year +€27,591
up €27,591 (+116%), from €23,731 to €51,322
of which Other amounts receivable: +€27,311
- Cash -€19,341
down €19,341 (-72.5%), from €26,692 to €7,351
mainly Receivables within one year (-€27,591) and Deferred charges and accrued income (-€560)
- Reserves +€4,348
up €4,348 (+4.8%), from €90,093 to €94,441
of which Distributable reserves: +€4,348
- Tax, wage and social debts +€2,761
up €2,761 (+115%), from €2,404 to €5,165
- Gross operating margin -€3,800
down €3,800 (-36.8%), from €10,333 to €6,534
- Financial charges -€2,138
down €2,138 (-96.6%), from €2,214 to €76
of which Non-recurring financial charges: -€1,419
- Financial income +€1,053
up €1,053 (+37.5%), from €2,808 to €3,861
- Depreciation +€904
up €904 (+109%), from €826 to €1,730
- Taxes -€284
down €284 (-8.5%), from €3,345 to €3,062
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 | €250,856 | €257,936 | +€7,080 | +2.8% |
| Fixed assets | 21/28 | €1,730 | €0 | -€1,730 | -100% |
| Tangible fixed assets | 22/27 | €1,730 | €0 | -€1,730 | -100% |
| Land and buildings | 22 | €1,730 | €0 | -€1,730 | -100% |
| Current assets | 29/58 | €249,126 | €257,936 | +€8,810 | +3.5% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,731 | €51,322 | +€27,591 | +116% |
| Trade receivables | 40 | €3,489 | €3,769 | +€280 | +8.0% |
| Other amounts receivable | 41 | €20,242 | €47,553 | +€27,311 | +135% |
| Current investments | 50/53 | €78,704 | €78,704 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,692 | €7,351 | -€19,341 | -72.5% |
| Deferred charges and accrued income | 490/1 | €0 | €560 | +€560 | |
| Total equity and liabilities | 10/49 | €250,856 | €257,936 | +€7,080 | +2.8% |
| Equity | 10/15 | €189,515 | €193,863 | +€4,348 | +2.3% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €90,093 | €94,441 | +€4,348 | +4.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €88,093 | €92,441 | +€4,348 | +4.9% |
| Profit (loss) carried forward | 14 | €92,755 | €92,755 | = | 0.0% |
| Provisions and deferred taxes | 16 | €58,639 | €58,639 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €58,639 | €58,639 | = | 0.0% |
| Pensions and similar obligations | 160 | €58,639 | €58,639 | = | 0.0% |
| Amounts payable | 17/49 | €2,702 | €5,434 | +€2,732 | +101% |
| Amounts payable within one year | 42/48 | €2,702 | €5,434 | +€2,732 | +101% |
| Trade debts | 44 | €297 | €269 | -€28 | -9.5% |
| Suppliers | 440/4 | €297 | €269 | -€28 | -9.5% |
| Taxes, remuneration and social security | 45 | €2,404 | €5,165 | +€2,761 | +115% |
| Taxes | 450/3 | €2,404 | €5,165 | +€2,761 | +115% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €1,730 | +€904 | +109% |
| Other operating charges | 640/8 | €1,151 | €1,179 | +€27 | +2.4% |
| Gross operating margin | 9900 | €10,333 | €6,534 | -€3,800 | -36.8% |
| Operating profit (loss) | 9901 | €8,356 | €3,625 | -€4,731 | -56.6% |
| Financial income | 75/76B | €2,808 | €3,861 | +€1,053 | +37.5% |
| Recurring financial income | 75 | €2,808 | €3,861 | +€1,053 | +37.5% |
| Financial charges | 65/66B | €2,214 | €76 | -€2,138 | -96.6% |
| Recurring financial charges | 65 | €795 | €76 | -€719 | -90.4% |
| Non-recurring financial charges | 66B | €1,419 | €0 | -€1,419 | -100% |
| Profit (loss) for the period before taxes | 9903 | €8,950 | €7,410 | -€1,540 | -17.2% |
| Income taxes | 67/77 | €3,345 | €3,062 | -€284 | -8.5% |
| Profit (loss) for the period | 9904 | €5,605 | €4,348 | -€1,257 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,605 | €4,348 | -€1,257 | -22.4% |
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 14 October 2026 via checked.be.