VERBEKE & Partners: 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 & Partners
Largest movements
- Cash +€28,951
up €28,951 (+95.5%), from €30,329 to €59,279
mainly Net result for the year (+€30,262) and Depreciation (+€11,628)
- Tangible fixed assets -€11,628
down €11,628 (-10.6%), from €109,539 to €97,911
of which Furniture and vehicles: -€7,141
- Reserves +€30,262
up €30,262 (+29.0%), from €104,472 to €134,734
- Debts after one year -€13,450
no longer reported in 2025 (was €13,450)
- Tax, wage and social debts +€2,536
up €2,536 (+270%), from €939 to €3,474
- Gross operating margin +€40,912
up €40,912 (+214%), from €19,078 to €59,990
- Taxes +€13,018
up €13,018 (+377%), from €3,457 to €16,474
- Depreciation +€2,462
up €2,462 (+26.9%), from €9,166 to €11,628
- Other operating charges -€1,150
down €1,150 (-43.6%), from €2,638 to €1,488
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 | €141,178 | €158,617 | +€17,439 | +12.4% |
| Fixed assets | 21/28 | €109,539 | €97,911 | -€11,628 | -10.6% |
| Tangible fixed assets | 22/27 | €109,539 | €97,911 | -€11,628 | -10.6% |
| Land and buildings | 22 | €86,194 | €81,707 | -€4,487 | -5.2% |
| Furniture and vehicles | 24 | €23,345 | €16,204 | -€7,141 | -30.6% |
| Current assets | 29/58 | €31,639 | €60,706 | +€29,067 | +91.9% |
| Amounts receivable within one year | 40/41 | €726 | €925 | +€199 | +27.4% |
| Other amounts receivable | 41 | €726 | €925 | +€199 | +27.4% |
| Cash at bank and in hand | 54/58 | €30,329 | €59,279 | +€28,951 | +95.5% |
| Deferred charges and accrued income | 490/1 | €584 | €501 | -€83 | -14.3% |
| Total equity and liabilities | 10/49 | €141,178 | €158,617 | +€17,439 | +12.4% |
| Equity | 10/15 | €123,072 | €153,334 | +€30,262 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,472 | €134,734 | +€30,262 | +29.0% |
| Distributable reserves | 133 | €104,472 | €134,734 | +€30,262 | +29.0% |
| Amounts payable | 17/49 | €18,106 | €5,283 | -€12,823 | -70.8% |
| Amounts payable after more than one year | 17 | €13,450 | - | -€13,450 | |
| Financial debts | 170/4 | €13,450 | - | -€13,450 | |
| Amounts payable within one year | 42/48 | €3,136 | €5,043 | +€1,907 | +60.8% |
| Trade debts | 44 | €1,428 | €128 | -€1,300 | -91.0% |
| Suppliers | 440/4 | €1,428 | €128 | -€1,300 | -91.0% |
| Taxes, remuneration and social security | 45 | €939 | €3,474 | +€2,536 | +270% |
| Taxes | 450/3 | €939 | €3,474 | +€2,536 | +270% |
| Other amounts payable | 47/48 | €769 | €1,440 | +€671 | +87.3% |
| Accrued charges and deferred income | 492/3 | €1,520 | €240 | -€1,280 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,166 | €11,628 | +€2,462 | +26.9% |
| Other operating charges | 640/8 | €2,638 | €1,488 | -€1,150 | -43.6% |
| Gross operating margin | 9900 | €19,078 | €59,990 | +€40,912 | +214% |
| Operating profit (loss) | 9901 | €7,274 | €46,874 | +€39,599 | +544% |
| Financial income | 75/76B | €139 | - | -€139 | |
| Recurring financial income | 75 | €139 | - | -€139 | |
| Financial charges | 65/66B | €173 | €137 | -€36 | -20.7% |
| Recurring financial charges | 65 | €173 | €137 | -€36 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €7,240 | €46,736 | +€39,496 | +546% |
| Income taxes | 67/77 | €3,457 | €16,474 | +€13,018 | +377% |
| Profit (loss) for the period | 9904 | €3,783 | €30,262 | +€26,478 | +700% |
| Profit (loss) for the period to be appropriated | 9905 | €3,783 | €30,262 | +€26,478 | +700% |
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.