VERBE: 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.
VERBE
Largest movements
- Cash +€102,754
up €102,754 (+43.9%), from €234,068 to €336,822
mainly Net result for the year (+€71,860) and Receivables within one year (+€30,226)
- Receivables within one year -€30,226
down €30,226 (-63.8%), from €47,361 to €17,134
of which Other amounts receivable: -€30,663
- Reserves +€71,860
up €71,860 (+28.0%), from €256,944 to €328,804
- Gross operating margin +€9,950
up €9,950 (+8.9%), from €111,341 to €121,291
- Other operating charges +€3,917
up €3,917 (+19.8%), from €19,806 to €23,723
- Taxes +€1,795
up €1,795 (+9.1%), from €19,753 to €21,549
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 | €291,187 | €364,400 | +€73,213 | +25.1% |
| Fixed assets | 21/28 | €3,867 | €3,479 | -€388 | -10.0% |
| Tangible fixed assets | 22/27 | €3,867 | €3,399 | -€468 | -12.1% |
| Plant, machinery and equipment | 23 | €3,867 | €3,399 | -€468 | -12.1% |
| Financial fixed assets | 28 | - | €80 | +€80 | |
| Current assets | 29/58 | €287,321 | €360,922 | +€73,601 | +25.6% |
| Amounts receivable within one year | 40/41 | €47,361 | €17,134 | -€30,226 | -63.8% |
| Trade receivables | 40 | €15,413 | €15,850 | +€437 | +2.8% |
| Other amounts receivable | 41 | €31,948 | €1,285 | -€30,663 | -96.0% |
| Cash at bank and in hand | 54/58 | €234,068 | €336,822 | +€102,754 | +43.9% |
| Deferred charges and accrued income | 490/1 | €5,892 | €6,965 | +€1,074 | +18.2% |
| Total equity and liabilities | 10/49 | €291,187 | €364,400 | +€73,213 | +25.1% |
| Equity | 10/15 | €275,544 | €347,404 | +€71,860 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,944 | €328,804 | +€71,860 | +28.0% |
| Distributable reserves | 133 | €256,944 | €328,804 | +€71,860 | +28.0% |
| Amounts payable | 17/49 | €15,643 | €16,996 | +€1,353 | +8.6% |
| Amounts payable within one year | 42/48 | €15,643 | €16,996 | +€1,353 | +8.6% |
| Trade debts | 44 | €3,152 | €3,531 | +€379 | +12.0% |
| Suppliers | 440/4 | €3,152 | €3,531 | +€379 | +12.0% |
| Taxes, remuneration and social security | 45 | - | €1,549 | +€1,549 | |
| Taxes | 450/3 | - | €1,549 | +€1,549 | |
| Other amounts payable | 47/48 | €12,491 | €11,917 | -€575 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,220 | €2,581 | +€361 | +16.2% |
| Other operating charges | 640/8 | €19,806 | €23,723 | +€3,917 | +19.8% |
| Gross operating margin | 9900 | €111,341 | €121,291 | +€9,950 | +8.9% |
| Operating profit (loss) | 9901 | €89,315 | €94,987 | +€5,672 | +6.4% |
| Financial income | 75/76B | €55 | €64 | +€9 | +16.3% |
| Recurring financial income | 75 | €55 | €64 | +€9 | +16.3% |
| Financial charges | 65/66B | €1,331 | €1,643 | +€312 | +23.4% |
| Recurring financial charges | 65 | €1,331 | €1,643 | +€312 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €88,039 | €93,408 | +€5,370 | +6.1% |
| Income taxes | 67/77 | €19,753 | €21,549 | +€1,795 | +9.1% |
| Profit (loss) for the period | 9904 | €68,285 | €71,860 | +€3,574 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,285 | €71,860 | +€3,574 | +5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.