VERBEKE - DEVOS: 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 - DEVOS
Largest movements
- Cash +€188,673
up €188,673 (+104.7%), from €180,241 to €368,914
mainly Net result for the year (+€238,394) and Receivables within one year (+€78,108)
- Receivables within one year -€78,108
down €78,108 (-27.9%), from €280,124 to €202,016
of which Trade receivables: -€50,897
- Tangible fixed assets +€26,222
up €26,222 (+32.7%), from €80,100 to €106,322
of which Furniture and vehicles: +€33,342
- Reserves +€238,394
up €238,394 (+34.5%), from €691,164 to €929,559
of which Distributable reserves: +€154,194
- Other debts -€70,334
down €70,334 (-36.7%), from €191,385 to €121,052
- Trade debts -€15,970
down €15,970 (-24.1%), from €66,150 to €50,181
- Gross operating margin -€105,261
down €105,261 (-21.5%), from €488,758 to €383,497
- Staff costs -€102,445
down €102,445 (-67.0%), from €152,865 to €50,420
- Depreciation +€11,237
up €11,237 (+57.5%), from €19,551 to €30,788
- Financial income -€9,074
down €9,074 (-21.2%), from €42,790 to €33,716
- Taxes -€7,660
down €7,660 (-8.7%), from €88,043 to €80,383
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 | €989,447 | €1,133,594 | +€144,147 | +14.6% |
| Fixed assets | 21/28 | €81,205 | €106,742 | +€25,537 | +31.4% |
| Intangible fixed assets | 21 | €1,106 | €421 | -€685 | -62.0% |
| Tangible fixed assets | 22/27 | €80,100 | €106,322 | +€26,222 | +32.7% |
| Land and buildings | 22 | €52,465 | €46,994 | -€5,471 | -10.4% |
| Plant, machinery and equipment | 23 | €4,650 | €3,845 | -€806 | -17.3% |
| Furniture and vehicles | 24 | €18,768 | €52,110 | +€33,342 | +177.6% |
| Other tangible fixed assets | 26 | €4,216 | €3,373 | -€843 | -20.0% |
| Current assets | 29/58 | €908,242 | €1,026,852 | +€118,610 | +13.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 290 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €280,124 | €202,016 | -€78,108 | -27.9% |
| Trade receivables | 40 | €183,876 | €132,979 | -€50,897 | -27.7% |
| Other amounts receivable | 41 | €96,247 | €69,037 | -€27,210 | -28.3% |
| Current investments | 50/53 | €210,945 | €210,945 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,241 | €368,914 | +€188,673 | +104.7% |
| Deferred charges and accrued income | 490/1 | €36,932 | €44,977 | +€8,044 | +21.8% |
| Total equity and liabilities | 10/49 | €989,447 | €1,133,594 | +€144,147 | +14.6% |
| Equity | 10/15 | €709,714 | €948,109 | +€238,394 | +33.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €691,164 | €929,559 | +€238,394 | +34.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €252,600 | €336,800 | +€84,200 | +33.3% |
| Distributable reserves | 133 | €438,564 | €592,759 | +€154,194 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €279,733 | €185,485 | -€94,248 | -33.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €272,364 | €182,897 | -€89,466 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €3,707 | €0 | -€3,707 | -100.0% |
| Trade debts | 44 | €66,150 | €50,181 | -€15,970 | -24.1% |
| Suppliers | 440/4 | €66,150 | €50,181 | -€15,970 | -24.1% |
| Taxes, remuneration and social security | 45 | €11,121 | €11,665 | +€545 | +4.9% |
| Taxes | 450/3 | €3,088 | €1,049 | -€2,039 | -66.0% |
| Remuneration and social security | 454/9 | €8,032 | €10,616 | +€2,584 | +32.2% |
| Other amounts payable | 47/48 | €191,385 | €121,052 | -€70,334 | -36.7% |
| Accrued charges and deferred income | 492/3 | €7,369 | €2,588 | -€4,781 | -64.9% |
| Remuneration, social security and pensions | 62 | €152,865 | €50,420 | -€102,445 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,551 | €30,788 | +€11,237 | +57.5% |
| Other operating charges | 640/8 | €2,662 | €2,876 | +€215 | +8.1% |
| Gross operating margin | 9900 | €488,758 | €383,497 | -€105,261 | -21.5% |
| Operating profit (loss) | 9901 | €313,680 | €299,412 | -€14,268 | -4.5% |
| Financial income | 75/76B | €42,790 | €33,716 | -€9,074 | -21.2% |
| Recurring financial income | 75 | €42,790 | €33,716 | -€9,074 | -21.2% |
| Financial charges | 65/66B | €18,207 | €14,352 | -€3,856 | -21.2% |
| Recurring financial charges | 65 | €18,207 | €14,352 | -€3,856 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €338,263 | €318,777 | -€19,486 | -5.8% |
| Income taxes | 67/77 | €88,043 | €80,383 | -€7,660 | -8.7% |
| Profit (loss) for the period | 9904 | €250,220 | €238,394 | -€11,825 | -4.7% |
| Transfer from tax-exempt reserves | 789 | €71,200 | €0 | -€71,200 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €237,220 | €154,194 | -€83,025 | -35.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.