Verbeken Technics: what changed
Verbeken Technics
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+56.1%), from €2.2m to €3.4m
of which Other amounts receivable: +€1.0m
- Cash -€328,604
down €328,604 (-55.8%), from €589,087 to €260,483
mainly Receivables within one year (-€1.2m) and Tax, wage and social debts (-€110,535)
- Tangible fixed assets -€178,500
down €178,500 (-41.4%), from €430,755 to €252,255
of which Plant, machinery and equipment: -€166,507
- Deferred charges and accrued income -€77,726
down €77,726 (-54.8%), from €141,782 to €64,056
- Reserves +€854,735
up €854,735 (+37.1%), from €2.3m to €3.2m
of which Distributable reserves: +€1.1m
- Tax, wage and social debts -€110,535
down €110,535 (-42.9%), from €257,832 to €147,297
of which Taxes: -€96,724
- Trade debts -€89,045
down €89,045 (-23.1%), from €385,517 to €296,472
- Gross operating margin -€207,506
down €207,506 (-7.3%), from €2.9m to €2.6m
- Depreciation -€95,159
down €95,159 (-28.5%), from €333,552 to €238,392
- Staff costs -€48,821
down €48,821 (-3.6%), from €1.4m to €1.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,454,897 | €4,110,053 | +€655,156 | +19.0% |
| Fixed assets | 21/28 | €430,755 | €252,255 | -€178,500 | -41.4% |
| Tangible fixed assets | 22/27 | €430,755 | €252,255 | -€178,500 | -41.4% |
| Land and buildings | 22 | €1,243 | €0 | -€1,243 | -100% |
| Plant, machinery and equipment | 23 | €411,553 | €245,046 | -€166,507 | -40.5% |
| Furniture and vehicles | 24 | €17,959 | €7,209 | -€10,750 | -59.9% |
| Current assets | 29/58 | €3,024,143 | €3,857,798 | +€833,656 | +27.6% |
| Stocks and contracts in progress | 3 | €94,895 | €101,569 | +€6,674 | +7.0% |
| Stocks | 30/36 | €94,895 | €101,569 | +€6,674 | +7.0% |
| Amounts receivable within one year | 40/41 | €2,198,378 | €3,431,691 | +€1.2m | +56.1% |
| Trade receivables | 40 | €560,328 | €757,383 | +€197,054 | +35.2% |
| Other amounts receivable | 41 | €1,638,050 | €2,674,308 | +€1.0m | +63.3% |
| Cash at bank and in hand | 54/58 | €589,087 | €260,483 | -€328,604 | -55.8% |
| Deferred charges and accrued income | 490/1 | €141,782 | €64,056 | -€77,726 | -54.8% |
| Total equity and liabilities | 10/49 | €3,454,897 | €4,110,053 | +€655,156 | +19.0% |
| Equity | 10/15 | €2,811,548 | €3,666,284 | +€854,735 | +30.4% |
| Contributions | 10/11 | €506,652 | €506,652 | = | 0.0% |
| Reserves | 13 | €2,304,897 | €3,159,632 | +€854,735 | +37.1% |
| Tax-exempt reserves | 132 | €526,250 | €315,750 | -€210,500 | -40.0% |
| Distributable reserves | 133 | €1,778,647 | €2,843,882 | +€1.1m | +59.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €643,349 | €443,770 | -€199,580 | -31.0% |
| Amounts payable within one year | 42/48 | €643,349 | €443,770 | -€199,580 | -31.0% |
| Trade debts | 44 | €385,517 | €296,472 | -€89,045 | -23.1% |
| Suppliers | 440/4 | €385,517 | €296,472 | -€89,045 | -23.1% |
| Taxes, remuneration and social security | 45 | €257,832 | €147,297 | -€110,535 | -42.9% |
| Taxes | 450/3 | €119,387 | €22,663 | -€96,724 | -81.0% |
| Remuneration and social security | 454/9 | €138,445 | €124,634 | -€13,811 | -10.0% |
| Remuneration, social security and pensions | 62 | €1,361,196 | €1,312,376 | -€48,821 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,552 | €238,392 | -€95,159 | -28.5% |
| Other operating charges | 640/8 | €27,747 | €31,670 | +€3,923 | +14.1% |
| Gross operating margin | 9900 | €2,855,166 | €2,647,660 | -€207,506 | -7.3% |
| Operating profit (loss) | 9901 | €1,132,670 | €1,065,222 | -€67,449 | -6.0% |
| Financial income | 75/76B | €99,192 | €72,824 | -€26,368 | -26.6% |
| Recurring financial income | 75 | €99,192 | €72,824 | -€26,368 | -26.6% |
| Financial charges | 65/66B | €3,025 | €900 | -€2,125 | -70.2% |
| Recurring financial charges | 65 | €3,025 | €900 | -€2,125 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €1,228,837 | €1,137,146 | -€91,691 | -7.5% |
| Income taxes | 67/77 | €296,256 | €282,411 | -€13,846 | -4.7% |
| Profit (loss) for the period | 9904 | €932,581 | €854,735 | -€77,846 | -8.3% |
| Transfer from tax-exempt reserves | 789 | €631,500 | €210,500 | -€421,000 | -66.7% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €0 | -€315,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,248,331 | €1,065,235 | -€183,096 | -14.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.