VERBEKE OUTDOOR: 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.
What changed
VERBEKE OUTDOOR
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€496,722
2024 · -€394,338-€102,384
Equity
-€288,510
2024 · €208,213-€496,722
Cash
€58,198
2024 · €47,287+€10,911
Balance sheet total
€2.8m
2024 · €3.0m-€227,993
Largest movements
Assets
- Stocks and contracts -€216,374
down €216,374 (-12.5%), from €1.7m to €1.5m
- Tangible fixed assets -€152,304
down €152,304 (-13.5%), from €1.1m to €975,037
of which Leasing and similar rights: -€138,142
- Receivables within one year +€129,812
up €129,812 (+410%), from €31,653 to €161,466
of which Trade receivables: +€135,644
Equity and liabilities
- Profit (loss) carried forward -€496,722
down €496,722 (-26.7%), from -€1.9m to -€2.4m
- Debts after one year -€271,163
down €271,163 (-50.0%), from €542,056 to €270,893
- Short-term financial debts +€260,000
new in 2025: €260,000
- Other debts +€133,925
up €133,925 (+7.7%), from €1.7m to €1.9m
- Trade debts +€125,908
up €125,908 (+124%), from €101,299 to €227,207
Income statement
- Turnover -€318,538
down €318,538 (-13.2%), from €2.4m to €2.1m
- Goods and materials -€98,694
down €98,694 (-6.5%), from €1.5m to €1.4m
of which Change in stocks: decrease (increase): -€551,199
- Write-downs -€53,111
down €53,111 (-48.6%), from €109,209 to €56,098
- Financial income +€37,736
up €37,736 (+3,939%), from €958 to €38,694
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.
Result 2024
-€394,338
Turnover
-€318,538
Other operating income
+€296
Goods and materials
+€98,694
Services and other goods
+€17,513
Staff costs
-€1,434
Depreciation
+€19,754
Write-downs
+€53,111
Other operating charges
-€4,138
Other operating items
+€1,550
Financial income
+€37,736
Financial charges
-€6,810
Taxes
-€119
Result 2025
-€496,722
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3,365
Investment
-€386
Financing
+€14,662
Cash 2024
€47,287
From operations (derived)
-€3,365
Net result for the year
-€496,722
Depreciation
+€152,690
Stocks and contracts
+€216,374
Receivables within one year
-€129,812
Smaller working-capital items
-€945
Trade debts
+€125,908
Other debts
+€133,925
Accrued charges and deferred income
-€4,782
Investment (derived)
-€386
Investment in fixed assets (net)
-€386
Financing
+€14,662
Debts after one year
-€271,163
Current portion of long-term debt
+€25,825
Short-term financial debts
+€260,000
Cash 2025
€58,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,994,235 | €2,766,243 | -€227,993 | -7.6% |
| Fixed assets | 21/28 | €1,178,126 | €1,025,823 | -€152,304 | -12.9% |
| Tangible fixed assets | 22/27 | €1,127,341 | €975,037 | -€152,304 | -13.5% |
| Plant, machinery and equipment | 23 | €10,721 | €5,160 | -€5,561 | -51.9% |
| Furniture and vehicles | 24 | €4,749 | €1,626 | -€3,123 | -65.8% |
| Leasing and similar rights | 25 | €1,105,133 | €966,992 | -€138,142 | -12.5% |
| Other tangible fixed assets | 26 | €6,737 | €1,259 | -€5,478 | -81.3% |
| Financial fixed assets | 28 | €50,785 | €50,785 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50,785 | €50,785 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50,785 | €50,785 | = | 0.0% |
| Current assets | 29/58 | €1,816,109 | €1,740,420 | -€75,689 | -4.2% |
| Stocks and contracts in progress | 3 | €1,730,625 | €1,514,252 | -€216,374 | -12.5% |
| Stocks | 30/36 | €1,730,625 | €1,514,252 | -€216,374 | -12.5% |
| Goods purchased for resale | 34 | €1,730,625 | €1,514,252 | -€216,374 | -12.5% |
| Amounts receivable within one year | 40/41 | €31,653 | €161,466 | +€129,812 | +410% |
| Trade receivables | 40 | €18,636 | €154,279 | +€135,644 | +728% |
| Other amounts receivable | 41 | €13,018 | €7,186 | -€5,831 | -44.8% |
| Cash at bank and in hand | 54/58 | €47,287 | €58,198 | +€10,911 | +23.1% |
| Deferred charges and accrued income | 490/1 | €6,543 | €6,505 | -€38 | -0.6% |
| Total equity and liabilities | 10/49 | €2,994,235 | €2,766,243 | -€227,993 | -7.6% |
| Equity | 10/15 | €208,213 | -€288,510 | -€496,722 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,052,681 | €2,052,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,882 | €8,882 | = | 0.0% |
| Distributable reserves | 133 | €2,041,939 | €2,041,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,863,068 | -€2,359,791 | -€496,722 | -26.7% |
| Amounts payable | 17/49 | €2,786,023 | €3,054,752 | +€268,729 | +9.6% |
| Amounts payable after more than one year | 17 | €542,056 | €270,893 | -€271,163 | -50.0% |
| Financial debts | 170/4 | €542,056 | €270,893 | -€271,163 | -50.0% |
| Leasing and similar obligations | 172 | €542,056 | €270,893 | -€271,163 | -50.0% |
| Amounts payable within one year | 42/48 | €2,146,818 | €2,691,493 | +€544,675 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €245,338 | €271,163 | +€25,825 | +10.5% |
| Financial debts | 43 | - | €260,000 | +€260,000 | |
| Credit institutions | 430/8 | - | €260,000 | +€260,000 | |
| Trade debts | 44 | €101,299 | €227,207 | +€125,908 | +124% |
| Suppliers | 440/4 | €101,299 | €227,207 | +€125,908 | +124% |
| Taxes, remuneration and social security | 45 | €64,884 | €63,900 | -€984 | -1.5% |
| Taxes | 450/3 | €15,885 | €16,804 | +€918 | +5.8% |
| Remuneration and social security | 454/9 | €48,998 | €47,097 | -€1,902 | -3.9% |
| Other amounts payable | 47/48 | €1,735,297 | €1,869,223 | +€133,925 | +7.7% |
| Accrued charges and deferred income | 492/3 | €97,149 | €92,366 | -€4,782 | -4.9% |
| Operating income | 70/76A | €2,419,502 | €2,101,260 | -€318,242 | -13.2% |
| Turnover | 70 | €2,405,079 | €2,086,541 | -€318,538 | -13.2% |
| Other operating income | 74 | €14,423 | €14,719 | +€296 | +2.1% |
| Operating charges | 60/66A | €2,679,350 | €2,494,300 | -€185,051 | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €1,514,368 | €1,415,674 | -€98,694 | -6.5% |
| Purchases | 600/8 | €802,894 | €1,255,399 | +€452,505 | +56.4% |
| Change in stocks: decrease (increase) | 609 | €711,474 | €160,276 | -€551,199 | -77.5% |
| Services and other goods | 61 | €458,588 | €441,075 | -€17,513 | -3.8% |
| Remuneration, social security and pensions | 62 | €392,886 | €394,320 | +€1,434 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,444 | €152,690 | -€19,754 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €109,209 | €56,098 | -€53,111 | -48.6% |
| Other operating charges | 640/8 | €30,305 | €34,443 | +€4,138 | +13.7% |
| Non-recurring operating charges | 66A | €1,550 | - | -€1,550 | |
| Operating profit (loss) | 9901 | -€259,848 | -€393,040 | -€133,192 | -51.3% |
| Financial income | 75/76B | €958 | €38,694 | +€37,736 | +3,939% |
| Recurring financial income | 75 | €958 | €38,694 | +€37,736 | +3,939% |
| Other financial income | 752/9 | €958 | €38,694 | +€37,736 | +3,939% |
| Financial charges | 65/66B | €134,013 | €140,823 | +€6,810 | +5.1% |
| Recurring financial charges | 65 | €134,013 | €140,823 | +€6,810 | +5.1% |
| Debt charges | 650 | €123,633 | €107,284 | -€16,349 | -13.2% |
| Other financial charges | 652/9 | €10,379 | €33,539 | +€23,159 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€392,903 | -€495,169 | -€102,266 | -26.0% |
| Income taxes | 67/77 | €1,435 | €1,553 | +€119 | +8.3% |
| Taxes | 670/3 | €1,435 | €1,553 | +€119 | +8.3% |
| Profit (loss) for the period | 9904 | -€394,338 | -€496,722 | -€102,384 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€394,338 | -€496,722 | -€102,384 | -26.0% |
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.