VERBECO: 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.
VERBECO
Largest movements
- Receivables within one year +€18,836
up €18,836 (+44.5%), from €42,357 to €61,193
of which Trade receivables: +€15,526
- Cash +€18,649
up €18,649 (+47.1%), from €39,559 to €58,208
mainly Depreciation (+€29,546) and Debts after one year (+€29,508)
- Tangible fixed assets -€6,646
down €6,646 (-5.7%), from €117,242 to €110,597
of which Furniture and vehicles: -€25,896
- Debts after one year +€29,508
up €29,508 (+42.1%), from €70,145 to €99,652
- Trade debts -€16,718
down €16,718 (-92.0%), from €18,173 to €1,455
- Current portion of long-term debt +€15,116
up €15,116 (+60.6%), from €24,959 to €40,075
- Profit (loss) carried forward +€5,267
up €5,267 (+94.3%), from -€5,586 to -€319
- Other debts -€2,877
down €2,877 (-45.5%), from €6,318 to €3,441
- Gross operating margin -€9,445
down €9,445 (-15.6%), from €60,455 to €51,010
- Depreciation +€8,567
up €8,567 (+40.8%), from €20,979 to €29,546
- Other operating charges +€1,322
up €1,322 (+62.9%), from €2,101 to €3,423
- Taxes +€1,289
up €1,289 (+17.4%), from €7,400 to €8,690
- Financial charges +€1,108
up €1,108 (+37.2%), from €2,976 to €4,084
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 | €199,158 | €230,954 | +€31,796 | +16.0% |
| Fixed assets | 21/28 | €117,242 | €110,597 | -€6,646 | -5.7% |
| Tangible fixed assets | 22/27 | €117,242 | €110,597 | -€6,646 | -5.7% |
| Land and buildings | 22 | €3,360 | €22,611 | +€19,251 | +572.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €113,883 | €87,986 | -€25,896 | -22.7% |
| Current assets | 29/58 | €81,916 | €120,358 | +€38,442 | +46.9% |
| Amounts receivable within one year | 40/41 | €42,357 | €61,193 | +€18,836 | +44.5% |
| Trade receivables | 40 | €37,383 | €52,909 | +€15,526 | +41.5% |
| Other amounts receivable | 41 | €4,974 | €8,284 | +€3,310 | +66.6% |
| Cash at bank and in hand | 54/58 | €39,559 | €58,208 | +€18,649 | +47.1% |
| Deferred charges and accrued income | 490/1 | - | €957 | +€957 | |
| Total equity and liabilities | 10/49 | €199,158 | €230,954 | +€31,796 | +16.0% |
| Equity | 10/15 | €67,455 | €72,722 | +€5,267 | +7.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €52,581 | €52,581 | = | 0.0% |
| Distributable reserves | 133 | €52,581 | €52,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,586 | -€319 | +€5,267 | +94.3% |
| Amounts payable | 17/49 | €131,703 | €158,233 | +€26,529 | +20.1% |
| Amounts payable after more than one year | 17 | €70,145 | €99,652 | +€29,508 | +42.1% |
| Financial debts | 170/4 | €70,145 | €99,652 | +€29,508 | +42.1% |
| Amounts payable within one year | 42/48 | €61,559 | €58,335 | -€3,224 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €24,959 | €40,075 | +€15,116 | +60.6% |
| Trade debts | 44 | €18,173 | €1,455 | -€16,718 | -92.0% |
| Suppliers | 440/4 | €18,173 | €1,455 | -€16,718 | -92.0% |
| Taxes, remuneration and social security | 45 | €12,109 | €13,364 | +€1,255 | +10.4% |
| Taxes | 450/3 | €12,109 | €13,364 | +€1,255 | +10.4% |
| Other amounts payable | 47/48 | €6,318 | €3,441 | -€2,877 | -45.5% |
| Accrued charges and deferred income | 492/3 | - | €245 | +€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,979 | €29,546 | +€8,567 | +40.8% |
| Other operating charges | 640/8 | €2,101 | €3,423 | +€1,322 | +62.9% |
| Gross operating margin | 9900 | €60,455 | €51,010 | -€9,445 | -15.6% |
| Operating profit (loss) | 9901 | €37,376 | €18,041 | -€19,335 | -51.7% |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Non-recurring financial income | 76B | €46 | - | -€46 | |
| Financial charges | 65/66B | €2,976 | €4,084 | +€1,108 | +37.2% |
| Recurring financial charges | 65 | €2,976 | €4,084 | +€1,108 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €34,446 | €13,957 | -€20,489 | -59.5% |
| Income taxes | 67/77 | €7,400 | €8,690 | +€1,289 | +17.4% |
| Profit (loss) for the period | 9904 | €27,045 | €5,267 | -€21,778 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,045 | €5,267 | -€21,778 | -80.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.