Verbeke-Kransfeld: 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-Kransfeld
Largest movements
- Current investments +€80,971
up €80,971 (+34.5%), from €235,000 to €315,971
- Tangible fixed assets -€42,660
down €42,660 (-9.8%), from €435,100 to €392,440
of which Land and buildings: -€43,170
- Deferred charges and accrued income +€31,899
up €31,899 (+672%), from €4,744 to €36,643
- Cash -€26,052
down €26,052 (-23.8%), from €109,644 to €83,593
mainly Contributions, distributions and other (-€210,000) and Other debts (-€103,512)
- Receivables within one year -€14,190
down €14,190 (-83.1%), from €17,070 to €2,880
- Other debts -€103,512
no longer reported in 2025 (was €103,512)
- Reserves +€88,022
up €88,022 (+26.7%), from €330,184 to €418,205
- Tax, wage and social debts +€55,958
up €55,958 (+1,364%), from €4,102 to €60,060
of which Taxes: +€48,314
- Debts after one year -€45,542
down €45,542 (-16.4%), from €277,378 to €231,836
- Trade debts +€37,386
up €37,386 (+360%), from €10,377 to €47,763
- Gross operating margin +€116,098
up €116,098 (+27.0%), from €429,594 to €545,692
- Taxes +€29,063
up €29,063 (+37.4%), from €77,772 to €106,835
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 | €819,058 | €849,027 | +€29,969 | +3.7% |
| Fixed assets | 21/28 | €452,600 | €409,940 | -€42,660 | -9.4% |
| Tangible fixed assets | 22/27 | €435,100 | €392,440 | -€42,660 | -9.8% |
| Land and buildings | 22 | €354,364 | €311,194 | -€43,170 | -12.2% |
| Plant, machinery and equipment | 23 | €30,298 | €25,580 | -€4,718 | -15.6% |
| Furniture and vehicles | 24 | €50,437 | €55,665 | +€5,228 | +10.4% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €366,458 | €439,087 | +€72,629 | +19.8% |
| Amounts receivable within one year | 40/41 | €17,070 | €2,880 | -€14,190 | -83.1% |
| Other amounts receivable | 41 | €17,070 | €2,880 | -€14,190 | -83.1% |
| Current investments | 50/53 | €235,000 | €315,971 | +€80,971 | +34.5% |
| Cash at bank and in hand | 54/58 | €109,644 | €83,593 | -€26,052 | -23.8% |
| Deferred charges and accrued income | 490/1 | €4,744 | €36,643 | +€31,899 | +672% |
| Total equity and liabilities | 10/49 | €819,058 | €849,027 | +€29,969 | +3.7% |
| Equity | 10/15 | €348,784 | €436,805 | +€88,022 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,184 | €418,205 | +€88,022 | +26.7% |
| Distributable reserves | 133 | €330,184 | €418,205 | +€88,022 | +26.7% |
| Amounts payable | 17/49 | €470,274 | €412,221 | -€58,053 | -12.3% |
| Amounts payable after more than one year | 17 | €277,378 | €231,836 | -€45,542 | -16.4% |
| Financial debts | 170/4 | €277,378 | €231,836 | -€45,542 | -16.4% |
| Amounts payable within one year | 42/48 | €192,897 | €180,385 | -€12,512 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €44,764 | €45,542 | +€778 | +1.7% |
| Financial debts | 43 | €30,141 | €27,021 | -€3,120 | -10.4% |
| Credit institutions | 430/8 | €30,141 | €27,021 | -€3,120 | -10.4% |
| Trade debts | 44 | €10,377 | €47,763 | +€37,386 | +360% |
| Suppliers | 440/4 | €10,377 | €47,763 | +€37,386 | +360% |
| Taxes, remuneration and social security | 45 | €4,102 | €60,060 | +€55,958 | +1,364% |
| Taxes | 450/3 | €2,414 | €50,728 | +€48,314 | +2,001% |
| Remuneration and social security | 454/9 | €1,688 | €9,332 | +€7,644 | +453% |
| Other amounts payable | 47/48 | €103,512 | - | -€103,512 | |
| Remuneration, social security and pensions | 62 | €56,274 | €55,568 | -€706 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,172 | €74,423 | +€5,251 | +7.6% |
| Other operating charges | 640/8 | €4,383 | €4,626 | +€243 | +5.6% |
| Gross operating margin | 9900 | €429,594 | €545,692 | +€116,098 | +27.0% |
| Operating profit (loss) | 9901 | €299,766 | €411,075 | +€111,309 | +37.1% |
| Financial income | 75/76B | €1,249 | €1,083 | -€166 | -13.3% |
| Recurring financial income | 75 | €1,249 | €1,083 | -€166 | -13.3% |
| Financial charges | 65/66B | €7,353 | €7,301 | -€51 | -0.7% |
| Recurring financial charges | 65 | €7,353 | €5,476 | -€1,877 | -25.5% |
| Non-recurring financial charges | 66B | - | €1,825 | +€1,825 | |
| Profit (loss) for the period before taxes | 9903 | €293,662 | €404,856 | +€111,194 | +37.9% |
| Income taxes | 67/77 | €77,772 | €106,835 | +€29,063 | +37.4% |
| Profit (loss) for the period | 9904 | €215,890 | €298,022 | +€82,131 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €215,890 | €298,022 | +€82,131 | +38.0% |
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.