VERBEECK: 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.
VERBEECK
Largest movements
- Cash -€40,825
down €40,825 (-14.4%), from €283,190 to €242,365
mainly Investment in fixed assets (net) (-€42,800) and Trade debts (-€16,422)
- Tangible fixed assets +€29,989
up €29,989 (+314%), from €9,540 to €39,529
of which Furniture and vehicles: +€30,284
- Receivables within one year +€7,533
up €7,533 (+50.5%), from €14,913 to €22,445
of which Other amounts receivable: +€5,059
- Deferred charges and accrued income -€6,455
down €6,455 (-34.5%), from €18,714 to €12,258
- Debts after one year +€19,650
up €19,650 (+1,381%), from €1,423 to €21,073
- Trade debts -€16,422
down €16,422 (-63.9%), from €25,681 to €9,259
- Other debts -€15,813
down €15,813 (-17.1%), from €92,400 to €76,588
- Reserves +€10,102
up €10,102 (+5.1%), from €198,738 to €208,840
of which Distributable reserves: +€10,102
- Tax, wage and social debts -€8,876
down €8,876 (-80.3%), from €11,048 to €2,172
of which Remuneration and social security: -€4,455
- Staff costs -€46,424
down €46,424 (-100%), from €46,424 to €0
- Gross operating margin -€40,394
down €40,394 (-42.0%), from €96,282 to €55,887
- Depreciation +€4,731
up €4,731 (+58.6%), from €8,080 to €12,811
- Financial income +€971
up €971 (+260%), from €373 to €1,343
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 | €346,356 | €336,597 | -€9,759 | -2.8% |
| Fixed assets | 21/28 | €9,540 | €39,529 | +€29,989 | +314% |
| Tangible fixed assets | 22/27 | €9,540 | €39,529 | +€29,989 | +314% |
| Plant, machinery and equipment | 23 | €835 | €539 | -€295 | -35.4% |
| Furniture and vehicles | 24 | €8,705 | €38,989 | +€30,284 | +348% |
| Current assets | 29/58 | €336,816 | €297,068 | -€39,748 | -11.8% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Contracts in progress | 37 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,913 | €22,445 | +€7,533 | +50.5% |
| Trade receivables | 40 | €2,302 | €4,776 | +€2,474 | +107% |
| Other amounts receivable | 41 | €12,611 | €17,669 | +€5,059 | +40.1% |
| Cash at bank and in hand | 54/58 | €283,190 | €242,365 | -€40,825 | -14.4% |
| Deferred charges and accrued income | 490/1 | €18,714 | €12,258 | -€6,455 | -34.5% |
| Total equity and liabilities | 10/49 | €346,356 | €336,597 | -€9,759 | -2.8% |
| Equity | 10/15 | €209,901 | €220,003 | +€10,102 | +4.8% |
| Contributions | 10/11 | €11,163 | €11,163 | = | 0.0% |
| Reserves | 13 | €198,738 | €208,840 | +€10,102 | +5.1% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €192,738 | €202,840 | +€10,102 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €136,454 | €116,594 | -€19,861 | -14.6% |
| Amounts payable after more than one year | 17 | €1,423 | €21,073 | +€19,650 | +1,381% |
| Financial debts | 170/4 | €1,423 | €21,073 | +€19,650 | +1,381% |
| Amounts payable within one year | 42/48 | €134,797 | €95,139 | -€39,658 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €5,668 | €7,120 | +€1,452 | +25.6% |
| Trade debts | 44 | €25,681 | €9,259 | -€16,422 | -63.9% |
| Suppliers | 440/4 | €25,681 | €9,259 | -€16,422 | -63.9% |
| Taxes, remuneration and social security | 45 | €11,048 | €2,172 | -€8,876 | -80.3% |
| Taxes | 450/3 | €4,421 | €0 | -€4,421 | -100% |
| Remuneration and social security | 454/9 | €6,627 | €2,172 | -€4,455 | -67.2% |
| Other amounts payable | 47/48 | €92,400 | €76,588 | -€15,813 | -17.1% |
| Accrued charges and deferred income | 492/3 | €235 | €382 | +€147 | +62.6% |
| Non-recurring operating income | 76A | €9,313 | €3,389 | -€5,924 | -63.6% |
| Remuneration, social security and pensions | 62 | €46,424 | €0 | -€46,424 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,080 | €12,811 | +€4,731 | +58.6% |
| Other operating charges | 640/8 | €1,091 | €992 | -€98 | -9.0% |
| Gross operating margin | 9900 | €96,282 | €55,887 | -€40,394 | -42.0% |
| Operating profit (loss) | 9901 | €40,688 | €42,084 | +€1,397 | +3.4% |
| Financial income | 75/76B | €373 | €1,343 | +€971 | +260% |
| Recurring financial income | 75 | €373 | €1,343 | +€971 | +260% |
| Financial charges | 65/66B | €11,395 | €11,395 | -€1 | 0.0% |
| Recurring financial charges | 65 | €11,395 | €11,395 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,665 | €32,033 | +€2,368 | +8.0% |
| Income taxes | 67/77 | €8,751 | €9,486 | +€734 | +8.4% |
| Profit (loss) for the period | 9904 | €20,914 | €22,547 | +€1,634 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,914 | €22,547 | +€1,634 | +7.8% |
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.