Verbeken Immo: 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
Verbeken Immo
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€386,292
2024 · €265,898+€120,394
Equity
€3.9m
2024 · €3.5m+€382,129
Cash
€85,684
2024 · €143,261-€57,577
Balance sheet total
€6.5m
2024 · €6.7m-€185,297
Largest movements
Assets
- Tangible fixed assets -€79,187
down €79,187 (-1.2%), from €6.5m to €6.4m
of which Land and buildings: -€79,187
Equity and liabilities
- Other debts -€455,417
down €455,417 (-24.4%), from €1.9m to €1.4m
- Reserves +€386,292
up €386,292 (+28.2%), from €1.4m to €1.8m
of which Distributable reserves: +€386,292
- Debts after one year -€123,333
down €123,333 (-11.1%), from €1.1m to €986,666
Income statement
- Depreciation -€134,915
down €134,915 (-23.7%), from €569,738 to €434,823
- Taxes +€41,386
up €41,386 (+46.6%), from €88,863 to €130,249
- Financial charges -€22,066
down €22,066 (-22.5%), from €98,104 to €76,038
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
€265,898
Gross operating margin
+€8,126
Depreciation
+€134,915
Other operating charges
-€3,334
Financial income
+€7
Financial charges
+€22,066
Taxes
-€41,386
Result 2025
€386,292
raises the resultlowers the result
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
+€425,556
Investment
-€355,636
Financing
-€127,496
Cash 2024
€143,261
From operations (derived)
+€425,556
Net result for the year
+€386,292
Depreciation
+€434,823
Receivables within one year
+€49,439
Deferred charges and accrued income
-€905
Provisions
-€1,388
Trade debts
+€4,161
Tax, wage and social debts
+€27,662
Other debts
-€455,417
Accrued charges and deferred income
-€19,111
Investment (derived)
-€355,636
Investment in fixed assets (net)
-€355,636
Financing
-€127,496
Debts after one year
-€123,333
Contributions, distributions and other
-€4,163
Cash 2025
€85,684
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,703,967 | €6,518,669 | -€185,297 | -2.8% |
| Fixed assets | 21/28 | €6,511,185 | €6,431,998 | -€79,187 | -1.2% |
| Tangible fixed assets | 22/27 | €6,511,185 | €6,431,998 | -€79,187 | -1.2% |
| Land and buildings | 22 | €6,511,185 | €6,431,998 | -€79,187 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €192,782 | €86,671 | -€106,111 | -55.0% |
| Amounts receivable within one year | 40/41 | €49,521 | €82 | -€49,439 | -99.8% |
| Trade receivables | 40 | €31,614 | €82 | -€31,532 | -99.7% |
| Other amounts receivable | 41 | €17,907 | €0 | -€17,907 | -100% |
| Cash at bank and in hand | 54/58 | €143,261 | €85,684 | -€57,577 | -40.2% |
| Deferred charges and accrued income | 490/1 | - | €905 | +€905 | |
| Total equity and liabilities | 10/49 | €6,703,967 | €6,518,669 | -€185,297 | -2.8% |
| Equity | 10/15 | €3,509,780 | €3,891,909 | +€382,129 | +10.9% |
| Contributions | 10/11 | €2,128,348 | €2,128,348 | = | 0.0% |
| Capital | 10 | €2,128,348 | €2,128,348 | = | 0.0% |
| Issued capital | 100 | €2,128,348 | €2,128,348 | = | 0.0% |
| Reserves | 13 | €1,372,044 | €1,758,336 | +€386,292 | +28.2% |
| Non-distributable reserves | 130/1 | €212,835 | €212,835 | = | 0.0% |
| Legal reserve | 130 | €212,835 | €212,835 | = | 0.0% |
| Distributable reserves | 133 | €1,159,209 | €1,545,501 | +€386,292 | +33.3% |
| Investment grants | 15 | €9,387 | €5,224 | -€4,163 | -44.3% |
| Provisions and deferred taxes | 16 | €3,129 | €1,741 | -€1,388 | -44.3% |
| Deferred taxes | 168 | €3,129 | €1,741 | -€1,388 | -44.3% |
| Amounts payable | 17/49 | €3,191,058 | €2,625,019 | -€566,039 | -17.7% |
| Amounts payable after more than one year | 17 | €1,110,000 | €986,666 | -€123,333 | -11.1% |
| Financial debts | 170/4 | €1,110,000 | €986,666 | -€123,333 | -11.1% |
| Amounts payable within one year | 42/48 | €2,012,698 | €1,589,103 | -€423,595 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €123,333 | €123,333 | = | 0.0% |
| Trade debts | 44 | €211 | €4,371 | +€4,161 | +1,974% |
| Suppliers | 440/4 | €211 | €4,371 | +€4,161 | +1,974% |
| Taxes, remuneration and social security | 45 | €26,017 | €53,679 | +€27,662 | +106% |
| Taxes | 450/3 | €26,017 | €53,679 | +€27,662 | +106% |
| Other amounts payable | 47/48 | €1,863,137 | €1,407,720 | -€455,417 | -24.4% |
| Accrued charges and deferred income | 492/3 | €68,360 | €49,249 | -€19,111 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569,738 | €434,823 | -€134,915 | -23.7% |
| Other operating charges | 640/8 | €64,243 | €67,576 | +€3,334 | +5.2% |
| Gross operating margin | 9900 | €1,081,296 | €1,089,421 | +€8,126 | +0.8% |
| Operating profit (loss) | 9901 | €447,314 | €587,022 | +€139,707 | +31.2% |
| Financial income | 75/76B | €4,163 | €4,170 | +€7 | +0.2% |
| Recurring financial income | 75 | €4,163 | €4,170 | +€7 | +0.2% |
| Financial charges | 65/66B | €98,104 | €76,038 | -€22,066 | -22.5% |
| Recurring financial charges | 65 | €98,104 | €76,038 | -€22,066 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €353,374 | €515,154 | +€161,780 | +45.8% |
| Transfer from deferred taxes | 780 | €1,388 | €1,388 | = | 0.0% |
| Income taxes | 67/77 | €88,863 | €130,249 | +€41,386 | +46.6% |
| Profit (loss) for the period | 9904 | €265,898 | €386,292 | +€120,394 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €265,898 | €386,292 | +€120,394 | +45.3% |
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 20 October 2026 via checked.be.