VERBEKE Benoît: 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.
VERBEKE Benoît
Largest movements
- Tangible fixed assets -€13,909
down €13,909 (-5.4%), from €258,211 to €244,302
of which Land and buildings: -€9,683
- Cash -€3,709
down €3,709 (-26.6%), from €13,935 to €10,226
mainly Contributions, distributions and other (-€15,000) and Debts after one year (-€10,930)
- Profit (loss) carried forward -€11,354
down €11,354 (-32.5%), from €34,967 to €23,613
- Debts after one year -€10,930
down €10,930 (-6.2%), from €175,372 to €164,442
- Other debts +€10,431
up €10,431 (+21.3%), from €48,891 to €59,323
- Tax, wage and social debts -€6,698
down €6,698 (-84.8%), from €7,898 to €1,200
of which Taxes: -€6,698
- Gross operating margin +€26,584
up €26,584, from -€179 to €26,404
- Depreciation -€9,913
down €9,913 (-41.6%), from €23,821 to €13,909
- Financial charges -€3,528
down €3,528 (-32.0%), from €11,038 to €7,510
- Financial income -€456
down €456 (-93.1%), from €490 to €34
- Other operating charges +€386
up €386 (+39.1%), from €987 to €1,373
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 | €289,236 | €272,674 | -€16,562 | -5.7% |
| Fixed assets | 21/28 | €258,211 | €244,302 | -€13,909 | -5.4% |
| Tangible fixed assets | 22/27 | €258,211 | €244,302 | -€13,909 | -5.4% |
| Land and buildings | 22 | €249,039 | €239,356 | -€9,683 | -3.9% |
| Plant, machinery and equipment | 23 | €2,235 | €1,232 | -€1,004 | -44.9% |
| Furniture and vehicles | 24 | €6,937 | €3,715 | -€3,222 | -46.4% |
| Current assets | 29/58 | €31,025 | €28,372 | -€2,653 | -8.6% |
| Amounts receivable within one year | 40/41 | €15,394 | €17,304 | +€1,910 | +12.4% |
| Trade receivables | 40 | €6,986 | €5,929 | -€1,057 | -15.1% |
| Other amounts receivable | 41 | €8,409 | €11,375 | +€2,966 | +35.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,935 | €10,226 | -€3,709 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,696 | €842 | -€854 | -50.4% |
| Total equity and liabilities | 10/49 | €289,236 | €272,674 | -€16,562 | -5.7% |
| Equity | 10/15 | €37,467 | €26,113 | -€11,354 | -30.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,967 | €23,613 | -€11,354 | -32.5% |
| Amounts payable | 17/49 | €251,770 | €246,561 | -€5,208 | -2.1% |
| Amounts payable after more than one year | 17 | €175,372 | €164,442 | -€10,930 | -6.2% |
| Financial debts | 170/4 | €175,372 | €164,442 | -€10,930 | -6.2% |
| Amounts payable within one year | 42/48 | €70,245 | €75,966 | +€5,722 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €10,499 | €10,930 | +€431 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,956 | €4,514 | +€1,558 | +52.7% |
| Suppliers | 440/4 | €2,956 | €4,514 | +€1,558 | +52.7% |
| Taxes, remuneration and social security | 45 | €7,898 | €1,200 | -€6,698 | -84.8% |
| Taxes | 450/3 | €7,898 | €1,200 | -€6,698 | -84.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €48,891 | €59,323 | +€10,431 | +21.3% |
| Accrued charges and deferred income | 492/3 | €6,153 | €6,153 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,821 | €13,909 | -€9,913 | -41.6% |
| Other operating charges | 640/8 | €987 | €1,373 | +€386 | +39.1% |
| Gross operating margin | 9900 | -€179 | €26,404 | +€26,584 | |
| Operating profit (loss) | 9901 | -€24,988 | €11,123 | +€36,111 | |
| Financial income | 75/76B | €490 | €34 | -€456 | -93.1% |
| Recurring financial income | 75 | €490 | €34 | -€456 | -93.1% |
| Financial charges | 65/66B | €11,038 | €7,510 | -€3,528 | -32.0% |
| Recurring financial charges | 65 | €11,038 | €7,510 | -€3,528 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,536 | €3,646 | +€39,182 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€35,536 | €3,646 | +€39,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,536 | €3,646 | +€39,182 |
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 6 October 2026 via checked.be.