VERBEEK GROUP: 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.
VERBEEK GROUP
Largest movements
- Cash +€124,342
up €124,342 (+199%), from €62,519 to €186,861
mainly Net result for the year (+€213,110) and Depreciation (+€121,978)
- Tangible fixed assets +€54,800
up €54,800 (+8.6%), from €639,006 to €693,806
of which Furniture and vehicles: +€88,158
- Receivables within one year -€34,160
down €34,160 (-9.1%), from €373,436 to €339,276
of which Trade receivables: -€17,858
- Reserves +€213,110
up €213,110 (+36.0%), from €591,858 to €804,968
of which Distributable reserves: +€213,110
- Accrued charges and deferred income -€77,122
down €77,122 (-99.3%), from €77,672 to €550
- Debts after one year -€55,934
down €55,934 (-29.3%), from €190,934 to €135,000
- Other debts +€38,431
up €38,431 (+2,450%), from €1,569 to €40,000
- Tax, wage and social debts +€19,462
up €19,462 (+134%), from €14,546 to €34,008
of which Taxes: +€18,710
- Gross operating margin +€217,151
up €217,151 (+39.9%), from €544,071 to €761,222
- Taxes +€44,002
up €44,002 (+111%), from €39,657 to €83,659
- Depreciation +€41,221
up €41,221 (+51.0%), from €80,757 to €121,978
- Staff costs +€17,079
up €17,079 (+6.0%), from €285,228 to €302,306
- Financial charges -€9,214
down €9,214 (-37.0%), from €24,920 to €15,707
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 | €1,107,934 | €1,261,964 | +€154,030 | +13.9% |
| Fixed assets | 21/28 | €641,709 | €694,693 | +€52,984 | +8.3% |
| Intangible fixed assets | 21 | €2,704 | €887 | -€1,817 | -67.2% |
| Tangible fixed assets | 22/27 | €639,006 | €693,806 | +€54,800 | +8.6% |
| Land and buildings | 22 | €493,151 | €457,589 | -€35,562 | -7.2% |
| Plant, machinery and equipment | 23 | €84,404 | €70,273 | -€14,132 | -16.7% |
| Furniture and vehicles | 24 | €61,450 | €149,608 | +€88,158 | +143% |
| Other tangible fixed assets | 26 | - | €16,337 | +€16,337 | |
| Current assets | 29/58 | €466,225 | €567,271 | +€101,046 | +21.7% |
| Stocks and contracts in progress | 3 | €15,154 | €20,000 | +€4,846 | +32.0% |
| Stocks | 30/36 | €15,154 | €20,000 | +€4,846 | +32.0% |
| Amounts receivable within one year | 40/41 | €373,436 | €339,276 | -€34,160 | -9.1% |
| Trade receivables | 40 | €354,391 | €336,533 | -€17,858 | -5.0% |
| Other amounts receivable | 41 | €19,045 | €2,743 | -€16,303 | -85.6% |
| Cash at bank and in hand | 54/58 | €62,519 | €186,861 | +€124,342 | +199% |
| Deferred charges and accrued income | 490/1 | €15,116 | €21,135 | +€6,019 | +39.8% |
| Total equity and liabilities | 10/49 | €1,107,934 | €1,261,964 | +€154,030 | +13.9% |
| Equity | 10/15 | €610,458 | €823,568 | +€213,110 | +34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €591,858 | €804,968 | +€213,110 | +36.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €591,858 | €804,968 | +€213,110 | +36.0% |
| Amounts payable | 17/49 | €497,476 | €438,397 | -€59,079 | -11.9% |
| Amounts payable after more than one year | 17 | €190,934 | €135,000 | -€55,934 | -29.3% |
| Financial debts | 170/4 | €190,934 | €135,000 | -€55,934 | -29.3% |
| Amounts payable within one year | 42/48 | €228,870 | €302,847 | +€73,976 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €59,120 | €55,934 | -€3,186 | -5.4% |
| Trade debts | 44 | €153,635 | €172,905 | +€19,270 | +12.5% |
| Suppliers | 440/4 | €153,635 | €172,905 | +€19,270 | +12.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,546 | €34,008 | +€19,462 | +134% |
| Taxes | 450/3 | €0 | €18,710 | +€18,710 | |
| Remuneration and social security | 454/9 | €14,546 | €15,298 | +€752 | +5.2% |
| Other amounts payable | 47/48 | €1,569 | €40,000 | +€38,431 | +2,450% |
| Accrued charges and deferred income | 492/3 | €77,672 | €550 | -€77,122 | -99.3% |
| Remuneration, social security and pensions | 62 | €285,228 | €302,306 | +€17,079 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,757 | €121,978 | +€41,221 | +51.0% |
| Other operating charges | 640/8 | €16,108 | €24,530 | +€8,422 | +52.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €544,071 | €761,222 | +€217,151 | +39.9% |
| Operating profit (loss) | 9901 | €161,978 | €312,408 | +€150,430 | +92.9% |
| Financial income | 75/76B | €28 | €67 | +€39 | +142% |
| Recurring financial income | 75 | €28 | €67 | +€39 | +142% |
| Financial charges | 65/66B | €24,920 | €15,707 | -€9,214 | -37.0% |
| Recurring financial charges | 65 | €24,920 | €15,707 | -€9,214 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €137,086 | €296,768 | +€159,682 | +116% |
| Income taxes | 67/77 | €39,657 | €83,659 | +€44,002 | +111% |
| Profit (loss) for the period | 9904 | €97,429 | €213,110 | +€115,681 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €97,429 | €213,110 | +€115,681 | +119% |
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.