VERBERT G.: 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.
VERBERT G.
Largest movements
- Stocks and contracts +€42,811
up €42,811 (+11.5%), from €371,630 to €414,441
of which Contracts in progress: +€39,441
- Tangible fixed assets -€23,804
down €23,804 (-16.6%), from €143,774 to €119,969
of which Plant, machinery and equipment: -€22,464
- Cash -€20,944
down €20,944 (-94.8%), from €22,098 to €1,154
mainly Stocks and contracts (-€42,811) and Tax, wage and social debts (-€18,797)
- Receivables within one year -€17,651
down €17,651 (-57.8%), from €30,540 to €12,889
of which Trade receivables: -€16,016
- Tax, wage and social debts -€18,797
down €18,797 (-74.6%), from €25,187 to €6,391
of which Taxes: -€18,907
- Gross operating margin +€8,456
up €8,456 (+8.2%), from €103,512 to €111,967
- Other operating charges +€7,578
up €7,578 (+208.0%), from €3,642 to €11,220
- Staff costs -€2,509
down €2,509 (-4.0%), from €62,441 to €59,932
- Taxes +€1,308
up €1,308 (+95.5%), from €1,370 to €2,678
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 | €568,041 | €548,453 | -€19,588 | -3.4% |
| Fixed assets | 21/28 | €143,774 | €119,969 | -€23,804 | -16.6% |
| Tangible fixed assets | 22/27 | €143,774 | €119,969 | -€23,804 | -16.6% |
| Plant, machinery and equipment | 23 | €140,803 | €118,339 | -€22,464 | -16.0% |
| Furniture and vehicles | 24 | €2,970 | €1,630 | -€1,340 | -45.1% |
| Current assets | 29/58 | €424,268 | €428,484 | +€4,216 | +1.0% |
| Stocks and contracts in progress | 3 | €371,630 | €414,441 | +€42,811 | +11.5% |
| Stocks | 30/36 | €371,630 | €375,000 | +€3,370 | +0.9% |
| Contracts in progress | 37 | - | €39,441 | +€39,441 | |
| Amounts receivable within one year | 40/41 | €30,540 | €12,889 | -€17,651 | -57.8% |
| Trade receivables | 40 | €24,467 | €8,451 | -€16,016 | -65.5% |
| Other amounts receivable | 41 | €6,073 | €4,438 | -€1,635 | -26.9% |
| Cash at bank and in hand | 54/58 | €22,098 | €1,154 | -€20,944 | -94.8% |
| Total equity and liabilities | 10/49 | €568,041 | €548,453 | -€19,588 | -3.4% |
| Equity | 10/15 | €324,065 | €326,715 | +€2,651 | +0.8% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €214,640 | €217,291 | +€2,651 | +1.2% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €204,725 | €207,375 | +€2,651 | +1.3% |
| Profit (loss) carried forward | 14 | €10,267 | €10,267 | = | 0.0% |
| Amounts payable | 17/49 | €243,977 | €221,738 | -€22,239 | -9.1% |
| Amounts payable after more than one year | 17 | €165,180 | €165,400 | +€219 | +0.1% |
| Financial debts | 170/4 | €165,180 | €165,400 | +€219 | +0.1% |
| Amounts payable within one year | 42/48 | €63,796 | €41,338 | -€22,458 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €17,861 | €18,586 | +€725 | +4.1% |
| Trade debts | 44 | €20,747 | €16,361 | -€4,386 | -21.1% |
| Suppliers | 440/4 | €20,747 | €16,361 | -€4,386 | -21.1% |
| Taxes, remuneration and social security | 45 | €25,187 | €6,391 | -€18,797 | -74.6% |
| Taxes | 450/3 | €23,141 | €4,234 | -€18,907 | -81.7% |
| Remuneration and social security | 454/9 | €2,046 | €2,157 | +€111 | +5.4% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €62,441 | €59,932 | -€2,509 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,387 | €23,804 | +€417 | +1.8% |
| Other operating charges | 640/8 | €3,642 | €11,220 | +€7,578 | +208.0% |
| Gross operating margin | 9900 | €103,512 | €111,967 | +€8,456 | +8.2% |
| Operating profit (loss) | 9901 | €14,041 | €17,010 | +€2,969 | +21.1% |
| Financial income | 75/76B | €510 | €0 | -€510 | -100.0% |
| Recurring financial income | 75 | €510 | €0 | -€510 | -100.0% |
| Financial charges | 65/66B | €12,095 | €11,682 | -€414 | -3.4% |
| Recurring financial charges | 65 | €12,095 | €11,682 | -€414 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,456 | €5,329 | +€2,873 | +117.0% |
| Income taxes | 67/77 | €1,370 | €2,678 | +€1,308 | +95.5% |
| Profit (loss) for the period | 9904 | €1,086 | €2,651 | +€1,565 | +144.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,086 | €2,651 | +€1,565 | +144.1% |
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.