Verbeter: 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.
Verbeter
Largest movements
- Current investments -€93,039
down €93,039 (-81.7%), from €113,845 to €20,807
- Cash -€44,918
down €44,918 (-49.9%), from €90,102 to €45,184
mainly Contributions, distributions and other (-€273,915) and Tax, wage and social debts (-€20,137)
- Reserves -€193,821
down €193,821 (-100.0%), from €193,821 to €0
- Other debts +€80,046
up €80,046 (+164702.7%), from €49 to €80,094
- Tax, wage and social debts -€20,137
down €20,137 (-40.6%), from €49,630 to €29,493
- Financial income +€5,598
up €5,598 (+289.8%), from €1,932 to €7,530
- Gross operating margin +€3,178
up €3,178 (+3.4%), from €94,410 to €97,589
- Depreciation +€2,445
up €2,445 (+305.9%), from €799 to €3,244
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 | €250,040 | €116,132 | -€133,908 | -53.6% |
| Fixed assets | 21/28 | €2,273 | €3,779 | +€1,506 | +66.3% |
| Tangible fixed assets | 22/27 | €2,123 | €3,629 | +€1,506 | +70.9% |
| Furniture and vehicles | 24 | €2,123 | €3,629 | +€1,506 | +70.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €247,767 | €112,353 | -€135,414 | -54.7% |
| Amounts receivable within one year | 40/41 | €41,381 | €43,739 | +€2,359 | +5.7% |
| Trade receivables | 40 | €41,381 | €42,396 | +€1,016 | +2.5% |
| Other amounts receivable | 41 | - | €1,343 | +€1,343 | |
| Current investments | 50/53 | €113,845 | €20,807 | -€93,039 | -81.7% |
| Cash at bank and in hand | 54/58 | €90,102 | €45,184 | -€44,918 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,439 | €2,623 | +€184 | +7.5% |
| Total equity and liabilities | 10/49 | €250,040 | €116,132 | -€133,908 | -53.6% |
| Equity | 10/15 | €198,821 | €5,000 | -€193,821 | -97.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €193,821 | €0 | -€193,821 | -100.0% |
| Distributable reserves | 133 | €193,821 | €0 | -€193,821 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,219 | €111,132 | +€59,914 | +117.0% |
| Amounts payable within one year | 42/48 | €51,219 | €111,132 | +€59,914 | +117.0% |
| Trade debts | 44 | €1,540 | €1,545 | +€5 | +0.3% |
| Suppliers | 440/4 | €1,540 | €1,545 | +€5 | +0.3% |
| Taxes, remuneration and social security | 45 | €49,630 | €29,493 | -€20,137 | -40.6% |
| Taxes | 450/3 | €49,630 | €29,493 | -€20,137 | -40.6% |
| Other amounts payable | 47/48 | €49 | €80,094 | +€80,046 | +164702.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €3,244 | +€2,445 | +305.9% |
| Other operating charges | 640/8 | €348 | €950 | +€601 | +172.6% |
| Gross operating margin | 9900 | €94,410 | €97,589 | +€3,178 | +3.4% |
| Operating profit (loss) | 9901 | €93,263 | €93,395 | +€132 | +0.1% |
| Financial income | 75/76B | €1,932 | €7,530 | +€5,598 | +289.8% |
| Recurring financial income | 75 | €1,932 | €7,530 | +€5,598 | +289.8% |
| Financial charges | 65/66B | €994 | €743 | -€251 | -25.3% |
| Recurring financial charges | 65 | €994 | €743 | -€251 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €94,200 | €100,182 | +€5,981 | +6.3% |
| Income taxes | 67/77 | €19,660 | €20,088 | +€427 | +2.2% |
| Profit (loss) for the period | 9904 | €74,540 | €80,094 | +€5,554 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,540 | €80,094 | +€5,554 | +7.5% |
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 30 September 2026 via checked.be.