VERBERK: 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.
VERBERK
Largest movements
- Tangible fixed assets +€19,817
up €19,817 (+7.1%), from €277,891 to €297,708
- Cash -€7,723
down €7,723 (-3.2%), from €238,968 to €231,245
mainly Investment in fixed assets (net) (-€22,039) and Deferred charges and accrued income (-€2,210)
- Reserves +€6,722
up €6,722 (+12.5%), from €53,909 to €60,631
of which Distributable reserves: +€6,386
- Other debts +€6,521
up €6,521 (+41.5%), from €15,703 to €22,224
- Gross operating margin -€3,966
down €3,966 (-18.2%), from €21,779 to €17,813
- Financial charges +€3,347
up €3,347 (+52.8%), from €6,338 to €9,686
- Taxes -€959
down €959 (-58.8%), from €1,631 to €672
- Depreciation +€629
up €629 (+39.5%), from €1,593 to €2,222
- Financial income -€293
down €293 (-12.7%), from €2,310 to €2,017
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 | €523,159 | €537,463 | +€14,304 | +2.7% |
| Fixed assets | 21/28 | €277,891 | €297,708 | +€19,817 | +7.1% |
| Tangible fixed assets | 22/27 | €277,891 | €297,708 | +€19,817 | +7.1% |
| Land and buildings | 22 | €277,891 | €297,708 | +€19,817 | +7.1% |
| Current assets | 29/58 | €245,268 | €239,755 | -€5,513 | -2.2% |
| Cash at bank and in hand | 54/58 | €238,968 | €231,245 | -€7,723 | -3.2% |
| Deferred charges and accrued income | 490/1 | €6,300 | €8,510 | +€2,210 | +35.1% |
| Total equity and liabilities | 10/49 | €523,159 | €537,463 | +€14,304 | +2.7% |
| Equity | 10/15 | €385,909 | €392,631 | +€6,722 | +1.7% |
| Contributions | 10/11 | €332,000 | €332,000 | = | 0.0% |
| Capital | 10 | €332,000 | €332,000 | = | 0.0% |
| Issued capital | 100 | €332,000 | €332,000 | = | 0.0% |
| Reserves | 13 | €53,909 | €60,631 | +€6,722 | +12.5% |
| Non-distributable reserves | 130/1 | €8,899 | €9,235 | +€336 | +3.8% |
| Legal reserve | 130 | €8,899 | €9,235 | +€336 | +3.8% |
| Distributable reserves | 133 | €45,010 | €51,396 | +€6,386 | +14.2% |
| Amounts payable | 17/49 | €137,250 | €144,832 | +€7,582 | +5.5% |
| Amounts payable after more than one year | 17 | €116,000 | €116,000 | = | 0.0% |
| Financial debts | 170/4 | €116,000 | €116,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,250 | €28,832 | +€7,582 | +35.7% |
| Trade debts | 44 | €1,042 | €931 | -€111 | -10.7% |
| Suppliers | 440/4 | €1,042 | €931 | -€111 | -10.7% |
| Taxes, remuneration and social security | 45 | €4,505 | €5,677 | +€1,172 | +26.0% |
| Taxes | 450/3 | €4,505 | €5,677 | +€1,172 | +26.0% |
| Other amounts payable | 47/48 | €15,703 | €22,224 | +€6,521 | +41.5% |
| Non-recurring operating income | 76A | €9,961 | - | -€9,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | €2,222 | +€629 | +39.5% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €21,779 | €17,813 | -€3,966 | -18.2% |
| Operating profit (loss) | 9901 | €19,673 | €15,063 | -€4,609 | -23.4% |
| Financial income | 75/76B | €2,310 | €2,017 | -€293 | -12.7% |
| Recurring financial income | 75 | €2,310 | €2,017 | -€293 | -12.7% |
| Financial charges | 65/66B | €6,338 | €9,686 | +€3,347 | +52.8% |
| Recurring financial charges | 65 | €6,338 | €9,686 | +€3,347 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €15,644 | €7,394 | -€8,250 | -52.7% |
| Transfer from deferred taxes | 780 | €459 | - | -€459 | |
| Income taxes | 67/77 | €1,631 | €672 | -€959 | -58.8% |
| Profit (loss) for the period | 9904 | €14,472 | €6,722 | -€7,750 | -53.6% |
| Transfer from tax-exempt reserves | 789 | €1,837 | - | -€1,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,310 | €6,722 | -€9,588 | -58.8% |
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 6 October 2026 via checked.be.