VERBEKE ANNE: 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.
VERBEKE ANNE
Largest movements
- Receivables within one year -€648,428
down €648,428 (-79.4%), from €816,209 to €167,782
of which Other amounts receivable: -€648,512
- Current investments -€28,103
down €28,103 (-5.1%), from €549,865 to €521,762
- Tangible fixed assets -€19,250
down €19,250 (-7.4%), from €260,304 to €241,053
of which Land and buildings: -€12,328
- Debts after one year -€380,000
no longer reported in 2025 (was €380,000)
- Reserves -€183,157
down €183,157 (-16.9%), from €1.1m to €901,930
- Provisions -€134,358
no longer reported in 2025 (was €134,358)
- Provisions -€134,358
new in 2025: -€134,358
- Gross operating margin -€125,627
down €125,627 (-54.7%), from €229,605 to €103,978
- Taxes +€13,076
up €13,076 (+24.7%), from €52,955 to €66,031
- Financial income -€11,829
down €11,829 (-65.7%), from €18,012 to €6,182
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 | €1,636,298 | €948,897 | -€687,401 | -42.0% |
| Fixed assets | 21/28 | €260,304 | €241,053 | -€19,250 | -7.4% |
| Tangible fixed assets | 22/27 | €260,304 | €241,053 | -€19,250 | -7.4% |
| Land and buildings | 22 | €216,014 | €203,687 | -€12,328 | -5.7% |
| Furniture and vehicles | 24 | €44,289 | €37,367 | -€6,922 | -15.6% |
| Current assets | 29/58 | €1,375,995 | €707,844 | -€668,151 | -48.6% |
| Amounts receivable within one year | 40/41 | €816,209 | €167,782 | -€648,428 | -79.4% |
| Trade receivables | 40 | - | €84 | +€84 | |
| Other amounts receivable | 41 | €816,209 | €167,698 | -€648,512 | -79.5% |
| Current investments | 50/53 | €549,865 | €521,762 | -€28,103 | -5.1% |
| Cash at bank and in hand | 54/58 | €9,920 | €18,300 | +€8,380 | +84.5% |
| Total equity and liabilities | 10/49 | €1,636,298 | €948,897 | -€687,401 | -42.0% |
| Equity | 10/15 | €1,103,873 | €920,721 | -€183,152 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,085,087 | €901,930 | -€183,157 | -16.9% |
| Distributable reserves | 133 | €1,085,087 | €901,930 | -€183,157 | -16.9% |
| Profit (loss) carried forward | 14 | €186 | €191 | +€5 | +2.5% |
| Provisions and deferred taxes | 16 | €134,358 | - | -€134,358 | |
| Provisions for liabilities and charges | 160/5 | €134,358 | - | -€134,358 | |
| Other liabilities and charges | 164/5 | €134,358 | - | -€134,358 | |
| Amounts payable | 17/49 | €398,067 | €28,176 | -€369,891 | -92.9% |
| Amounts payable after more than one year | 17 | €380,000 | - | -€380,000 | |
| Other amounts payable | 178/9 | €380,000 | - | -€380,000 | |
| Amounts payable within one year | 42/48 | €18,067 | €28,176 | +€10,109 | +56.0% |
| Trade debts | 44 | €1,756 | €578 | -€1,178 | -67.1% |
| Suppliers | 440/4 | €1,756 | €578 | -€1,178 | -67.1% |
| Taxes, remuneration and social security | 45 | €11,293 | €26,765 | +€15,472 | +137% |
| Taxes | 450/3 | €11,293 | €26,765 | +€15,472 | +137% |
| Other amounts payable | 47/48 | €5,018 | €833 | -€4,185 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,615 | €23,870 | +€255 | +1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€134,358 | -€134,358 | |
| Other operating charges | 640/8 | €3,742 | €4,063 | +€321 | +8.6% |
| Gross operating margin | 9900 | €229,605 | €103,978 | -€125,627 | -54.7% |
| Operating profit (loss) | 9901 | €202,248 | €210,403 | +€8,155 | +4.0% |
| Financial income | 75/76B | €18,012 | €6,182 | -€11,829 | -65.7% |
| Recurring financial income | 75 | €18,012 | €6,182 | -€11,829 | -65.7% |
| Financial charges | 65/66B | €94 | €73 | -€20 | -21.8% |
| Recurring financial charges | 65 | €94 | €73 | -€20 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €220,166 | €216,512 | -€3,654 | -1.7% |
| Income taxes | 67/77 | €52,955 | €66,031 | +€13,076 | +24.7% |
| Profit (loss) for the period | 9904 | €167,210 | €150,481 | -€16,730 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,210 | €150,481 | -€16,730 | -10.0% |
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 30 October 2026 via checked.be.