VERBATEX: 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.
What changed
VERBATEX
NACE 13.200, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,598
2024 · €18,005+€30,592
Equity
€1.9m
2024 · €1.9m+€48,598
Cash
€129,277
2024 · €96,385+€32,892
Balance sheet total
€9.1m
2024 · €10.9m-€1.9m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-33.7%), from €4.6m to €3.0m
of which Trade receivables: -€1.8m
- Tangible fixed assets -€364,330
down €364,330 (-25.5%), from €1.4m to €1.1m
of which Leasing and similar rights: -€220,013
- Stocks and contracts +€176,679
up €176,679 (+4.0%), from €4.5m to €4.6m
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-36.2%), from €4.4m to €2.8m
of which Suppliers: -€1.6m
- Debts after one year -€288,253
down €288,253 (-17.6%), from €1.6m to €1.4m
of which Financial debts: -€294,179
- Current portion of long-term debt -€130,537
down €130,537 (-27.1%), from €481,349 to €350,812
Income statement
- Staff costs -€155,853
down €155,853 (-8.9%), from €1.7m to €1.6m
- Gross operating margin -€147,932
down €147,932 (-5.7%), from €2.6m to €2.5m
- Financial charges -€45,494
down €45,494 (-13.1%), from €347,388 to €301,895
- Depreciation +€32,749
up €32,749 (+7.0%), from €469,932 to €502,681
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.
Result 2024
€18,005
Gross operating margin
-€147,932
Staff costs
+€155,853
Depreciation
-€32,749
Other operating charges
+€469
Other operating items
+€31,717
Financial income
-€11,911
Financial charges
+€45,494
Taxes
-€10,349
Result 2025
€48,598
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€527,263
Investment
-€75,581
Financing
-€418,790
Cash 2024
€96,385
From operations (derived)
+€527,263
Net result for the year
+€48,598
Depreciation
+€502,681
Stocks and contracts
-€176,679
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€94,669
Provisions
-€1,161
Trade debts
-€1.6m
Tax, wage and social debts
+€10,664
Advances received
+€50,347
Other debts
+€31,212
Investment (derived)
-€75,581
Investment in fixed assets (net)
-€75,581
Financing
-€418,790
Debts after one year
-€288,253
Current portion of long-term debt
-€130,537
Cash 2025
€129,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,932,491 | €9,068,800 | -€1.9m | -17.0% |
| Fixed assets | 21/28 | €1,603,238 | €1,176,138 | -€427,100 | -26.6% |
| Intangible fixed assets | 21 | €146,080 | €83,311 | -€62,769 | -43.0% |
| Tangible fixed assets | 22/27 | €1,430,312 | €1,065,982 | -€364,330 | -25.5% |
| Land and buildings | 22 | €302,209 | €265,891 | -€36,318 | -12.0% |
| Plant, machinery and equipment | 23 | €328,285 | €223,124 | -€105,161 | -32.0% |
| Furniture and vehicles | 24 | €124,271 | €121,432 | -€2,839 | -2.3% |
| Leasing and similar rights | 25 | €675,548 | €455,535 | -€220,013 | -32.6% |
| Financial fixed assets | 28 | €26,845 | €26,845 | = | 0.0% |
| Current assets | 29/58 | €9,329,254 | €7,892,662 | -€1.4m | -15.4% |
| Stocks and contracts in progress | 3 | €4,451,284 | €4,627,962 | +€176,679 | +4.0% |
| Stocks | 30/36 | €4,451,284 | €4,627,962 | +€176,679 | +4.0% |
| Amounts receivable within one year | 40/41 | €4,599,820 | €3,048,326 | -€1.6m | -33.7% |
| Trade receivables | 40 | €4,409,238 | €2,640,090 | -€1.8m | -40.1% |
| Other amounts receivable | 41 | €190,582 | €408,236 | +€217,654 | +114% |
| Cash at bank and in hand | 54/58 | €96,385 | €129,277 | +€32,892 | +34.1% |
| Deferred charges and accrued income | 490/1 | €181,765 | €87,096 | -€94,669 | -52.1% |
| Total equity and liabilities | 10/49 | €10,932,491 | €9,068,800 | -€1.9m | -17.0% |
| Equity | 10/15 | €1,890,550 | €1,939,148 | +€48,598 | +2.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,766,604 | €1,815,201 | +€48,598 | +2.8% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,887 | €25,632 | -€2,255 | -8.1% |
| Distributable reserves | 133 | €1,726,322 | €1,777,174 | +€50,853 | +2.9% |
| Provisions and deferred taxes | 16 | €4,705 | €3,544 | -€1,161 | -24.7% |
| Deferred taxes | 168 | €4,705 | €3,544 | -€1,161 | -24.7% |
| Amounts payable | 17/49 | €9,037,236 | €7,126,108 | -€1.9m | -21.1% |
| Amounts payable after more than one year | 17 | €1,639,685 | €1,351,433 | -€288,253 | -17.6% |
| Financial debts | 170/4 | €1,025,322 | €731,143 | -€294,179 | -28.7% |
| Other amounts payable | 178/9 | €614,363 | €620,289 | +€5,926 | +1.0% |
| Amounts payable within one year | 42/48 | €7,397,551 | €5,774,675 | -€1.6m | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €481,349 | €350,812 | -€130,537 | -27.1% |
| Financial debts | 43 | €2,200,000 | €2,200,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,200,000 | €2,200,000 | = | 0.0% |
| Trade debts | 44 | €4,375,596 | €2,791,035 | -€1.6m | -36.2% |
| Suppliers | 440/4 | €4,375,596 | €2,791,035 | -€1.6m | -36.2% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €55,309 | €105,656 | +€50,347 | +91.0% |
| Taxes, remuneration and social security | 45 | €193,517 | €204,181 | +€10,664 | +5.5% |
| Taxes | 450/3 | €25,752 | €36,845 | +€11,093 | +43.1% |
| Remuneration and social security | 454/9 | €167,765 | €167,336 | -€429 | -0.3% |
| Other amounts payable | 47/48 | €91,778 | €122,990 | +€31,212 | +34.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €44,954 | +€44,954 | |
| Remuneration, social security and pensions | 62 | €1,744,492 | €1,588,639 | -€155,853 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469,932 | €502,681 | +€32,749 | +7.0% |
| Other operating charges | 640/8 | €25,880 | €25,411 | -€469 | -1.8% |
| Non-recurring operating charges | 66A | €1,717 | -€30,000 | -€31,717 | |
| Gross operating margin | 9900 | €2,605,861 | €2,457,929 | -€147,932 | -5.7% |
| Operating profit (loss) | 9901 | €363,840 | €371,199 | +€7,359 | +2.0% |
| Financial income | 75/76B | €15,777 | €3,866 | -€11,911 | -75.5% |
| Recurring financial income | 75 | €15,777 | €3,866 | -€11,911 | -75.5% |
| Financial charges | 65/66B | €347,388 | €301,895 | -€45,494 | -13.1% |
| Recurring financial charges | 65 | €347,388 | €301,895 | -€45,494 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €32,229 | €73,170 | +€40,941 | +127% |
| Transfer from deferred taxes | 780 | €1,161 | €1,161 | = | 0.0% |
| Income taxes | 67/77 | €15,385 | €25,733 | +€10,349 | +67.3% |
| Profit (loss) for the period | 9904 | €18,005 | €48,598 | +€30,592 | +170% |
| Transfer from tax-exempt reserves | 789 | €2,255 | €2,255 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,261 | €50,853 | +€30,592 | +151% |
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 15 October 2026 via checked.be.