VERBEKE TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€40,720
up €40,720 (+125.5%), from €32,436 to €73,156
of which Trade receivables: +€36,585
- Stocks and contracts -€18,037
down €18,037 (-67.3%), from €26,795 to €8,758
of which Contracts in progress: -€17,468
- Cash +€10,702
new in 2025: €10,702
mainly Trade debts (+€38,433) and Stocks and contracts (+€18,037)
- Tangible fixed assets -€8,588
down €8,588 (-31.5%), from €27,245 to €18,657
of which Furniture and vehicles: -€8,307
- Intangible fixed assets -€3,000
down €3,000 (-20.0%), from €15,000 to €12,000
- Trade debts +€38,433
up €38,433 (+180.0%), from €21,352 to €59,785
- Other debts -€16,162
down €16,162 (-45.6%), from €35,435 to €19,273
- Debts after one year -€5,636
down €5,636 (-30.0%), from €18,771 to €13,135
- Reserves +€5,221
up €5,221 (+153.8%), from €3,395 to €8,616
of which Distributable reserves: +€5,221
- Tax, wage and social debts +€1,250
up €1,250 (+16.8%), from €7,426 to €8,676
of which Taxes: +€957
- Staff costs -€33,666
down €33,666 (-89.5%), from €37,599 to €3,933
- Gross operating margin -€32,641
down €32,641 (-52.7%), from €61,881 to €29,240
- Taxes +€930
up €930 (+32.3%), from €2,881 to €3,811
- Depreciation -€759
down €759 (-6.1%), from €12,346 to €11,588
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 | €101,716 | €124,773 | +€23,057 | +22.7% |
| Fixed assets | 21/28 | €42,245 | €30,657 | -€11,588 | -27.4% |
| Intangible fixed assets | 21 | €15,000 | €12,000 | -€3,000 | -20.0% |
| Tangible fixed assets | 22/27 | €27,245 | €18,657 | -€8,588 | -31.5% |
| Plant, machinery and equipment | 23 | €1,241 | €960 | -€281 | -22.6% |
| Furniture and vehicles | 24 | €26,004 | €17,697 | -€8,307 | -31.9% |
| Current assets | 29/58 | €59,471 | €94,116 | +€34,645 | +58.3% |
| Stocks and contracts in progress | 3 | €26,795 | €8,758 | -€18,037 | -67.3% |
| Stocks | 30/36 | €9,327 | €8,758 | -€570 | -6.1% |
| Contracts in progress | 37 | €17,468 | - | -€17,468 | |
| Amounts receivable within one year | 40/41 | €32,436 | €73,156 | +€40,720 | +125.5% |
| Trade receivables | 40 | €22,265 | €58,850 | +€36,585 | +164.3% |
| Other amounts receivable | 41 | €10,171 | €14,306 | +€4,135 | +40.7% |
| Cash at bank and in hand | 54/58 | - | €10,702 | +€10,702 | |
| Deferred charges and accrued income | 490/1 | €240 | €1,500 | +€1,260 | +524.3% |
| Total equity and liabilities | 10/49 | €101,716 | €124,773 | +€23,057 | +22.7% |
| Equity | 10/15 | €11,985 | €17,207 | +€5,221 | +43.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,395 | €8,616 | +€5,221 | +153.8% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €3,295 | €8,516 | +€5,221 | +158.5% |
| Profit (loss) carried forward | 14 | €3,590 | €3,590 | = | 0.0% |
| Amounts payable | 17/49 | €89,731 | €107,567 | +€17,836 | +19.9% |
| Amounts payable after more than one year | 17 | €18,771 | €13,135 | -€5,636 | -30.0% |
| Financial debts | 170/4 | €18,771 | €13,135 | -€5,636 | -30.0% |
| Amounts payable within one year | 42/48 | €70,959 | €94,432 | +€23,472 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €5,244 | €5,636 | +€393 | +7.5% |
| Financial debts | 43 | €947 | - | -€947 | |
| Credit institutions | 430/8 | €947 | - | -€947 | |
| Trade debts | 44 | €21,352 | €59,785 | +€38,433 | +180.0% |
| Suppliers | 440/4 | €21,352 | €59,785 | +€38,433 | +180.0% |
| Advances received on contracts in progress | 46 | €556 | €1,062 | +€506 | +91.0% |
| Taxes, remuneration and social security | 45 | €7,426 | €8,676 | +€1,250 | +16.8% |
| Taxes | 450/3 | €5,992 | €6,949 | +€957 | +16.0% |
| Remuneration and social security | 454/9 | €1,434 | €1,727 | +€293 | +20.5% |
| Other amounts payable | 47/48 | €35,435 | €19,273 | -€16,162 | -45.6% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €37,599 | €3,933 | -€33,666 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,346 | €11,588 | -€759 | -6.1% |
| Other operating charges | 640/8 | €1,457 | €1,128 | -€329 | -22.6% |
| Gross operating margin | 9900 | €61,881 | €29,240 | -€32,641 | -52.7% |
| Operating profit (loss) | 9901 | €10,478 | €12,591 | +€2,113 | +20.2% |
| Financial income | 75/76B | €331 | €383 | +€51 | +15.5% |
| Recurring financial income | 75 | €331 | €383 | +€51 | +15.5% |
| Financial charges | 65/66B | €3,505 | €3,065 | -€440 | -12.6% |
| Recurring financial charges | 65 | €3,505 | €3,065 | -€440 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €7,304 | €9,909 | +€2,605 | +35.7% |
| Income taxes | 67/77 | €2,881 | €3,811 | +€930 | +32.3% |
| Profit (loss) for the period | 9904 | €4,423 | €6,098 | +€1,675 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,423 | €6,098 | +€1,675 | +37.9% |
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 12 October 2026 via checked.be.