VERBEKE MIEKE: 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 MIEKE
Largest movements
- Receivables within one year -€6,274
down €6,274 (-58.1%), from €10,800 to €4,526
- Tangible fixed assets -€5,894
down €5,894 (-23.3%), from €25,319 to €19,426
- Cash +€4,940
up €4,940 (+8.5%), from €58,232 to €63,171
mainly Other debts (+€15,327) and Depreciation (+€7,879)
- Other debts +€15,327
up €15,327 (+4,138%), from €370 to €15,697
- Debts after one year -€13,998
down €13,998 (-89.2%), from €15,699 to €1,702
of which Other amounts payable: -€10,000
- Reserves -€8,100
down €8,100 (-15.6%), from €52,062 to €43,962
of which Distributable reserves: -€7,000
- Tax, wage and social debts -€2,913
down €2,913 (-87.9%), from €3,313 to €400
- Current portion of long-term debt +€1,504
up €1,504 (+60.3%), from €2,494 to €3,998
- Gross operating margin -€6,121
down €6,121 (-22.8%), from €26,790 to €20,669
- Taxes -€1,481
down €1,481 (-26.8%), from €5,527 to €4,045
- Depreciation -€496
down €496 (-5.9%), from €8,375 to €7,879
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 | €97,407 | €90,588 | -€6,819 | -7.0% |
| Fixed assets | 21/28 | €25,365 | €19,426 | -€5,939 | -23.4% |
| Intangible fixed assets | 21 | €46 | - | -€46 | |
| Tangible fixed assets | 22/27 | €25,319 | €19,426 | -€5,894 | -23.3% |
| Furniture and vehicles | 24 | €25,319 | €19,426 | -€5,894 | -23.3% |
| Current assets | 29/58 | €72,042 | €71,162 | -€880 | -1.2% |
| Amounts receivable within one year | 40/41 | €10,800 | €4,526 | -€6,274 | -58.1% |
| Trade receivables | 40 | €10,800 | €4,526 | -€6,274 | -58.1% |
| Cash at bank and in hand | 54/58 | €58,232 | €63,171 | +€4,940 | +8.5% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,465 | +€455 | +15.1% |
| Total equity and liabilities | 10/49 | €97,407 | €90,588 | -€6,819 | -7.0% |
| Equity | 10/15 | €73,862 | €66,010 | -€7,852 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,062 | €43,962 | -€8,100 | -15.6% |
| Tax-exempt reserves | 132 | €3,562 | €2,462 | -€1,100 | -30.9% |
| Distributable reserves | 133 | €48,500 | €41,500 | -€7,000 | -14.4% |
| Profit (loss) carried forward | 14 | €3,200 | €3,448 | +€248 | +7.8% |
| Provisions and deferred taxes | 16 | €891 | €616 | -€275 | -30.9% |
| Deferred taxes | 168 | €891 | €616 | -€275 | -30.9% |
| Amounts payable | 17/49 | €22,655 | €23,962 | +€1,308 | +5.8% |
| Amounts payable after more than one year | 17 | €15,699 | €1,702 | -€13,998 | -89.2% |
| Financial debts | 170/4 | €5,699 | €1,702 | -€3,998 | -70.1% |
| Other amounts payable | 178/9 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €6,955 | €22,261 | +€15,305 | +220% |
| Current portion of amounts payable after more than one year | 42 | €2,494 | €3,998 | +€1,504 | +60.3% |
| Trade debts | 44 | €779 | €2,166 | +€1,387 | +178% |
| Suppliers | 440/4 | €779 | €2,166 | +€1,387 | +178% |
| Taxes, remuneration and social security | 45 | €3,313 | €400 | -€2,913 | -87.9% |
| Taxes | 450/3 | €3,313 | €400 | -€2,913 | -87.9% |
| Other amounts payable | 47/48 | €370 | €15,697 | +€15,327 | +4,138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,375 | €7,879 | -€496 | -5.9% |
| Other operating charges | 640/8 | €1,933 | €2,160 | +€226 | +11.7% |
| Gross operating margin | 9900 | €26,790 | €20,669 | -€6,121 | -22.8% |
| Operating profit (loss) | 9901 | €16,482 | €10,630 | -€5,852 | -35.5% |
| Financial income | 75/76B | €379 | €521 | +€142 | +37.4% |
| Recurring financial income | 75 | €379 | €521 | +€142 | +37.4% |
| Financial charges | 65/66B | €290 | €233 | -€58 | -19.9% |
| Recurring financial charges | 65 | €290 | €233 | -€58 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €16,570 | €10,918 | -€5,652 | -34.1% |
| Transfer from deferred taxes | 780 | €275 | €275 | = | 0.0% |
| Income taxes | 67/77 | €5,527 | €4,045 | -€1,481 | -26.8% |
| Profit (loss) for the period | 9904 | €11,319 | €7,148 | -€4,171 | -36.8% |
| Transfer from tax-exempt reserves | 789 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,419 | €8,248 | -€4,171 | -33.6% |
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 26 October 2026 via checked.be.