VERBERT: 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.
VERBERT
Largest movements
- Current investments +€96,185
up €96,185 (+3.8%), from €2.5m to €2.6m
- Cash -€83,591
down €83,591 (-79.1%), from €105,658 to €22,067
mainly Current investments (-€96,185) and Investment in fixed assets (net) (-€56,609)
- Tangible fixed assets +€46,210
up €46,210 (+2,180%), from €2,120 to €48,330
of which Furniture and vehicles: +€47,055
- Reserves +€67,651
up €67,651 (+3.7%), from €1.8m to €1.9m
of which Distributable reserves: +€67,651
- Financial income -€84,668
down €84,668 (-39.2%), from €216,175 to €131,506
- Taxes -€23,752
down €23,752 (-42.2%), from €56,336 to €32,584
- Gross operating margin +€17,115
up €17,115 (+56.5%), from -€30,278 to -€13,164
- Depreciation +€9,983
up €9,983 (+2,402%), from €416 to €10,399
- Financial charges -€2,072
down €2,072 (-70.2%), from €2,953 to €880
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,641,490 | €2,701,154 | +€59,664 | +2.3% |
| Fixed assets | 21/28 | €2,120 | €48,330 | +€46,210 | +2,180% |
| Tangible fixed assets | 22/27 | €2,120 | €48,330 | +€46,210 | +2,180% |
| Plant, machinery and equipment | 23 | €2,120 | €1,275 | -€845 | -39.9% |
| Furniture and vehicles | 24 | - | €47,055 | +€47,055 | |
| Current assets | 29/58 | €2,639,370 | €2,652,824 | +€13,455 | +0.5% |
| Amounts receivable within one year | 40/41 | €4,145 | €5,270 | +€1,125 | +27.1% |
| Trade receivables | 40 | €4,145 | - | -€4,145 | |
| Other amounts receivable | 41 | - | €5,270 | +€5,270 | |
| Current investments | 50/53 | €2,529,302 | €2,625,487 | +€96,185 | +3.8% |
| Cash at bank and in hand | 54/58 | €105,658 | €22,067 | -€83,591 | -79.1% |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €2,641,490 | €2,701,154 | +€59,664 | +2.3% |
| Equity | 10/15 | €2,583,716 | €2,651,366 | +€67,651 | +2.6% |
| Contributions | 10/11 | €734,092 | €734,092 | = | 0.0% |
| Contributions outside capital | 11 | €734,092 | €734,092 | = | 0.0% |
| Other | 1109/19 | €734,092 | €734,092 | = | 0.0% |
| Reserves | 13 | €1,849,624 | €1,917,274 | +€67,651 | +3.7% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,812,124 | €1,879,774 | +€67,651 | +3.7% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €57,774 | €49,788 | -€7,986 | -13.8% |
| Amounts payable within one year | 42/48 | €57,229 | €49,242 | -€7,986 | -14.0% |
| Trade debts | 44 | €5,007 | - | -€5,007 | |
| Suppliers | 440/4 | €5,007 | - | -€5,007 | |
| Taxes, remuneration and social security | 45 | €3,019 | - | -€3,019 | |
| Taxes | 450/3 | €3,019 | - | -€3,019 | |
| Other amounts payable | 47/48 | €49,203 | €49,242 | +€40 | +0.1% |
| Accrued charges and deferred income | 492/3 | €545 | €545 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €10,399 | +€9,983 | +2,402% |
| Other operating charges | 640/8 | €8,246 | €6,829 | -€1,418 | -17.2% |
| Gross operating margin | 9900 | -€30,278 | -€13,164 | +€17,115 | +56.5% |
| Operating profit (loss) | 9901 | -€38,941 | -€30,391 | +€8,549 | +22.0% |
| Financial income | 75/76B | €216,175 | €131,506 | -€84,668 | -39.2% |
| Recurring financial income | 75 | €216,175 | €131,506 | -€84,668 | -39.2% |
| Financial charges | 65/66B | €2,953 | €880 | -€2,072 | -70.2% |
| Recurring financial charges | 65 | €2,953 | €880 | -€2,072 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €174,281 | €100,235 | -€74,047 | -42.5% |
| Income taxes | 67/77 | €56,336 | €32,584 | -€23,752 | -42.2% |
| Profit (loss) for the period | 9904 | €117,945 | €67,651 | -€50,295 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,945 | €67,651 | -€50,295 | -42.6% |
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 13 October 2026 via checked.be.