VERBERT & VAN BAUWEL: 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 & VAN BAUWEL
Largest movements
- Receivables within one year -€41,932
down €41,932 (-100%), from €41,932 to €0
of which Other amounts receivable: -€38,332
- Tangible fixed assets -€33,496
down €33,496 (-9.5%), from €352,466 to €318,970
of which Land and buildings: -€19,201
- Debts after one year -€104,829
down €104,829 (-22.8%), from €459,842 to €355,013
- Other debts +€33,060
up €33,060 (+17.5%), from €188,995 to €222,055
- Gross operating margin -€34,155
down €34,155, from €29,092 to -€5,063
- Financial income -€11,246
down €11,246 (-11.9%), from €94,459 to €83,213
- Taxes -€4,227
down €4,227 (-72.8%), from €5,810 to €1,583
- Financial charges +€784
up €784 (+2.8%), from €27,728 to €28,512
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,914,404 | €1,854,557 | -€59,847 | -3.1% |
| Fixed assets | 21/28 | €1,851,799 | €1,818,303 | -€33,496 | -1.8% |
| Tangible fixed assets | 22/27 | €352,466 | €318,970 | -€33,496 | -9.5% |
| Land and buildings | 22 | €311,775 | €292,573 | -€19,201 | -6.2% |
| Furniture and vehicles | 24 | €40,691 | €26,396 | -€14,295 | -35.1% |
| Financial fixed assets | 28 | €1,499,333 | €1,499,333 | = | 0.0% |
| Current assets | 29/58 | €62,605 | €36,254 | -€26,351 | -42.1% |
| Amounts receivable within one year | 40/41 | €41,932 | €0 | -€41,932 | -100% |
| Trade receivables | 40 | €3,600 | €0 | -€3,600 | -100% |
| Other amounts receivable | 41 | €38,332 | €0 | -€38,332 | -100% |
| Cash at bank and in hand | 54/58 | €17,411 | €32,874 | +€15,463 | +88.8% |
| Deferred charges and accrued income | 490/1 | €3,261 | €3,380 | +€119 | +3.6% |
| Total equity and liabilities | 10/49 | €1,914,404 | €1,854,557 | -€59,847 | -3.1% |
| Equity | 10/15 | €1,131,355 | €1,141,993 | +€10,637 | +0.9% |
| Contributions | 10/11 | €767,883 | €767,883 | = | 0.0% |
| Reserves | 13 | €363,472 | €374,110 | +€10,637 | +2.9% |
| Distributable reserves | 133 | €363,472 | €374,110 | +€10,637 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €783,048 | €712,564 | -€70,484 | -9.0% |
| Amounts payable after more than one year | 17 | €459,842 | €355,013 | -€104,829 | -22.8% |
| Financial debts | 170/4 | €459,842 | €355,013 | -€104,829 | -22.8% |
| Amounts payable within one year | 42/48 | €307,191 | €338,388 | +€31,197 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €95,276 | €97,773 | +€2,496 | +2.6% |
| Trade debts | 44 | €16,511 | €978 | -€15,533 | -94.1% |
| Suppliers | 440/4 | €16,511 | €978 | -€15,533 | -94.1% |
| Advances received on contracts in progress | 46 | - | €14,520 | +€14,520 | |
| Taxes, remuneration and social security | 45 | €6,408 | €3,063 | -€3,346 | -52.2% |
| Taxes | 450/3 | €6,408 | €1,763 | -€4,646 | -72.5% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €188,995 | €222,055 | +€33,060 | +17.5% |
| Accrued charges and deferred income | 492/3 | €16,016 | €19,163 | +€3,147 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,410 | €33,496 | +€87 | +0.3% |
| Other operating charges | 640/8 | €3,814 | €3,921 | +€107 | +2.8% |
| Gross operating margin | 9900 | €29,092 | -€5,063 | -€34,155 | |
| Operating profit (loss) | 9901 | -€8,132 | -€42,480 | -€34,349 | -422% |
| Financial income | 75/76B | €94,459 | €83,213 | -€11,246 | -11.9% |
| Recurring financial income | 75 | €94,459 | €83,213 | -€11,246 | -11.9% |
| Financial charges | 65/66B | €27,728 | €28,512 | +€784 | +2.8% |
| Recurring financial charges | 65 | €27,728 | €28,512 | +€784 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €58,599 | €12,220 | -€46,379 | -79.1% |
| Income taxes | 67/77 | €5,810 | €1,583 | -€4,227 | -72.8% |
| Profit (loss) for the period | 9904 | €52,789 | €10,637 | -€42,152 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,789 | €10,637 | -€42,152 | -79.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.