VERBENA: what changed
Two fiscal 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.
VERBENA
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+123.6%), from €959,864 to €2.1m
- Tangible fixed assets -€781,721
down €781,721 (-2.7%), from €29.4m to €28.6m
- Current portion of long-term debt +€26.8m
new in 2025: €26.8m
- Debts after one year -€26.2m
down €26.2m (-98.1%), from €26.8m to €518,722
of which Financial debts: -€26.8m
- Profit (loss) carried forward -€362,147
down €362,147 (-8.5%), from -€4.3m to -€4.6m
- Financial charges -€880,550
down €880,550 (-33.3%), from €2.6m to €1.8m
- Gross operating margin +€451,766
up €451,766 (+25.4%), from €1.8m to €2.2m
- Depreciation -€67,917
down €67,917 (-7.4%), from €914,523 to €846,606
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 | €32,413,532 | €32,551,749 | +€138,218 | +0.4% |
| Fixed assets | 21/28 | €30,338,000 | €30,742,539 | +€404,539 | +1.3% |
| Tangible fixed assets | 22/27 | €29,378,137 | €28,596,416 | -€781,721 | -2.7% |
| Land and buildings | 22 | €29,378,137 | €28,596,416 | -€781,721 | -2.7% |
| Financial fixed assets | 28 | €959,864 | €2,146,123 | +€1.2m | +123.6% |
| Current assets | 29/58 | €2,075,531 | €1,809,210 | -€266,321 | -12.8% |
| Amounts receivable within one year | 40/41 | €810,625 | €542,075 | -€268,550 | -33.1% |
| Trade receivables | 40 | €275,996 | €542,075 | +€266,078 | +96.4% |
| Other amounts receivable | 41 | €534,629 | - | -€534,629 | |
| Cash at bank and in hand | 54/58 | €165,836 | €292,902 | +€127,067 | +76.6% |
| Deferred charges and accrued income | 490/1 | €1,099,071 | €974,233 | -€124,838 | -11.4% |
| Total equity and liabilities | 10/49 | €32,413,532 | €32,551,749 | +€138,218 | +0.4% |
| Equity | 10/15 | €4,672,359 | €4,310,211 | -€362,147 | -7.8% |
| Contributions | 10/11 | €8,925,433 | €8,925,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,253,074 | -€4,615,221 | -€362,147 | -8.5% |
| Amounts payable | 17/49 | €27,741,173 | €28,241,538 | +€500,365 | +1.8% |
| Amounts payable after more than one year | 17 | €26,759,040 | €518,722 | -€26.2m | -98.1% |
| Financial debts | 170/4 | €26,759,040 | - | -€26.8m | |
| Other amounts payable | 178/9 | - | €518,722 | +€518,722 | |
| Amounts payable within one year | 42/48 | €570,649 | €27,145,561 | +€26.6m | +4657.0% |
| Current portion of amounts payable after more than one year | 42 | - | €26,759,040 | +€26.8m | |
| Trade debts | 44 | €496,150 | €325,326 | -€170,824 | -34.4% |
| Suppliers | 440/4 | €496,150 | €325,326 | -€170,824 | -34.4% |
| Taxes, remuneration and social security | 45 | €74,499 | €61,195 | -€13,304 | -17.9% |
| Taxes | 450/3 | €74,499 | €61,195 | -€13,304 | -17.9% |
| Accrued charges and deferred income | 492/3 | €411,484 | €577,255 | +€165,771 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €914,523 | €846,606 | -€67,917 | -7.4% |
| Other operating charges | 640/8 | €1,094 | €1,157 | +€63 | +5.8% |
| Gross operating margin | 9900 | €1,777,782 | €2,229,548 | +€451,766 | +25.4% |
| Operating profit (loss) | 9901 | €862,165 | €1,381,785 | +€519,620 | +60.3% |
| Financial income | 75/76B | €12,140 | €22,129 | +€9,989 | +82.3% |
| Recurring financial income | 75 | €12,140 | €22,129 | +€9,989 | +82.3% |
| Financial charges | 65/66B | €2,646,611 | €1,766,061 | -€880,550 | -33.3% |
| Recurring financial charges | 65 | €2,646,611 | €1,766,061 | -€880,550 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,772,306 | -€362,147 | +€1.4m | +79.6% |
| Profit (loss) for the period | 9904 | -€1,772,306 | -€362,147 | +€1.4m | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,772,306 | -€362,147 | +€1.4m | +79.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.