VERBEFIN: 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.
VERBEFIN
Largest movements
- Tangible fixed assets -€17,827
down €17,827 (-3.9%), from €457,521 to €439,694
of which Land and buildings: -€20,900
- Reserves -€85,273
down €85,273 (-89.2%), from €95,609 to €10,336
of which Distributable reserves: -€85,273
- Profit (loss) carried forward +€66,240
up €66,240 (+80.1%), from -€82,684 to -€16,444
- Purchases and services -€6,196
no longer reported in 2025 (was €6,196)
- Other operating charges -€113
down €113 (-3.6%), from €3,167 to €3,054
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 | €460,733 | €442,224 | -€18,509 | -4.0% |
| Fixed assets | 21/28 | €457,521 | €439,694 | -€17,827 | -3.9% |
| Tangible fixed assets | 22/27 | €457,521 | €439,694 | -€17,827 | -3.9% |
| Land and buildings | 22 | €456,500 | €435,600 | -€20,900 | -4.6% |
| Plant, machinery and equipment | 23 | €281 | €3,937 | +€3,656 | +1300.5% |
| Furniture and vehicles | 24 | €740 | €157 | -€583 | -78.8% |
| Current assets | 29/58 | €3,212 | €2,529 | -€682 | -21.2% |
| Amounts receivable within one year | 40/41 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €212 | €2,529 | +€2,318 | +1094.6% |
| Total equity and liabilities | 10/49 | €460,733 | €442,224 | -€18,509 | -4.0% |
| Equity | 10/15 | €211,240 | €192,206 | -€19,033 | -9.0% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €95,609 | €10,336 | -€85,273 | -89.2% |
| Non-distributable reserves | 130/1 | €10,336 | €10,336 | = | 0.0% |
| Legal reserve | 130 | €10,336 | €10,336 | = | 0.0% |
| Distributable reserves | 133 | €85,273 | €0 | -€85,273 | -100.0% |
| Profit (loss) carried forward | 14 | -€82,684 | -€16,444 | +€66,240 | +80.1% |
| Amounts payable | 17/49 | €249,493 | €250,017 | +€524 | +0.2% |
| Amounts payable within one year | 42/48 | €249,493 | €250,017 | +€524 | +0.2% |
| Trade debts | 44 | €33 | €944 | +€911 | +2731.3% |
| Suppliers | 440/4 | €33 | €944 | +€911 | +2731.3% |
| Other amounts payable | 47/48 | €249,460 | €249,073 | -€387 | -0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,196 | - | -€6,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,955 | €21,921 | -€34 | -0.2% |
| Other operating charges | 640/8 | €3,167 | €3,054 | -€113 | -3.6% |
| Gross operating margin | 9900 | €6,020 | €6,013 | -€6 | -0.1% |
| Operating profit (loss) | 9901 | -€19,102 | -€18,961 | +€141 | +0.7% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,174 | -€19,033 | +€141 | +0.7% |
| Profit (loss) for the period | 9904 | -€19,174 | -€19,033 | +€141 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,174 | -€19,033 | +€141 | +0.7% |
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 9 October 2026 via checked.be.