Verbeemen-Projects: 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.
Verbeemen-Projects
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€278,640
down €278,640 (-93.2%), from €299,110 to €20,470
mainly Current investments (-€350,000) and Receivables within one year (-€16,160)
- Receivables within one year +€16,160
up €16,160 (+55.9%), from €28,913 to €45,073
- Tangible fixed assets -€9,801
down €9,801 (-38.5%), from €25,469 to €15,668
- Reserves +€76,405
up €76,405 (+37.1%), from €206,113 to €282,518
of which Distributable reserves: +€76,405
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Other debts -€14,061
down €14,061 (-13.6%), from €103,446 to €89,385
- Taxes +€9,447
up €9,447 (+33.8%), from €27,933 to €37,379
- Financial charges -€6,586
down €6,586 (-98.8%), from €6,668 to €83
- Depreciation -€4,671
down €4,671 (-32.3%), from €14,472 to €9,801
- Gross operating margin -€1,674
down €1,674 (-1.3%), from €126,233 to €124,559
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,303 | €432,336 | +€77,033 | +21.7% |
| Fixed assets | 21/28 | €25,469 | €15,668 | -€9,801 | -38.5% |
| Tangible fixed assets | 22/27 | €25,469 | €15,668 | -€9,801 | -38.5% |
| Furniture and vehicles | 24 | €25,469 | €15,668 | -€9,801 | -38.5% |
| Current assets | 29/58 | €329,834 | €416,668 | +€86,834 | +26.3% |
| Amounts receivable within one year | 40/41 | €28,913 | €45,073 | +€16,160 | +55.9% |
| Trade receivables | 40 | €28,913 | €45,073 | +€16,160 | +55.9% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €299,110 | €20,470 | -€278,640 | -93.2% |
| Deferred charges and accrued income | 490/1 | €1,811 | €1,125 | -€685 | -37.9% |
| Total equity and liabilities | 10/49 | €355,303 | €432,336 | +€77,033 | +21.7% |
| Equity | 10/15 | €238,624 | €315,029 | +€76,405 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206,113 | €282,518 | +€76,405 | +37.1% |
| Tax-exempt reserves | 132 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €205,946 | €282,351 | +€76,405 | +37.1% |
| Profit (loss) carried forward | 14 | €13,911 | €13,911 | = | 0.0% |
| Amounts payable | 17/49 | €116,679 | €117,307 | +€628 | +0.5% |
| Amounts payable within one year | 42/48 | €116,679 | €102,307 | -€14,372 | -12.3% |
| Trade debts | 44 | €54 | €321 | +€267 | +493% |
| Suppliers | 440/4 | €54 | €321 | +€267 | +493% |
| Taxes, remuneration and social security | 45 | €13,179 | €12,601 | -€578 | -4.4% |
| Taxes | 450/3 | €13,179 | €12,601 | -€578 | -4.4% |
| Other amounts payable | 47/48 | €103,446 | €89,385 | -€14,061 | -13.6% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,472 | €9,801 | -€4,671 | -32.3% |
| Other operating charges | 640/8 | €465 | €894 | +€430 | +92.4% |
| Gross operating margin | 9900 | €126,233 | €124,559 | -€1,674 | -1.3% |
| Operating profit (loss) | 9901 | €111,297 | €113,864 | +€2,568 | +2.3% |
| Financial income | 75/76B | €2 | €3 | +€1 | +47.8% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +47.8% |
| Financial charges | 65/66B | €6,668 | €83 | -€6,586 | -98.8% |
| Recurring financial charges | 65 | €6,668 | €83 | -€6,586 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €104,630 | €113,784 | +€9,154 | +8.7% |
| Income taxes | 67/77 | €27,933 | €37,379 | +€9,447 | +33.8% |
| Profit (loss) for the period | 9904 | €76,697 | €76,405 | -€292 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,697 | €76,405 | -€292 | -0.4% |
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 26 October 2026 via checked.be.