VERBICO: 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.
VERBICO
Largest movements
- Cash -€78,599
down €78,599 (-57.5%), from €136,664 to €58,065
mainly Investment in fixed assets (net) (-€72,700) and Current investments (-€18,938)
- Financial fixed assets +€72,700
up €72,700 (+19301.2%), from €377 to €73,077
- Current investments +€18,938
up €18,938 (+13.8%), from €137,153 to €156,091
- Tangible fixed assets -€8,843
down €8,843 (-5.4%), from €164,823 to €155,981
- Accrued charges and deferred income +€18,938
up €18,938 (+43.8%), from €43,240 to €62,178
- Reserves -€11,987
down €11,987 (-9.7%), from €122,987 to €111,000
- Gross operating margin -€11,049
down €11,049 (-92.2%), from €11,989 to €940
- Taxes -€598
down €598, from €398 to -€199
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,017 | €443,416 | +€4,399 | +1.0% |
| Fixed assets | 21/28 | €165,200 | €229,057 | +€63,857 | +38.7% |
| Tangible fixed assets | 22/27 | €164,823 | €155,981 | -€8,843 | -5.4% |
| Land and buildings | 22 | €164,823 | €155,981 | -€8,843 | -5.4% |
| Financial fixed assets | 28 | €377 | €73,077 | +€72,700 | +19301.2% |
| Current assets | 29/58 | €273,817 | €214,359 | -€59,458 | -21.7% |
| Current investments | 50/53 | €137,153 | €156,091 | +€18,938 | +13.8% |
| Cash at bank and in hand | 54/58 | €136,664 | €58,065 | -€78,599 | -57.5% |
| Deferred charges and accrued income | 490/1 | - | €203 | +€203 | |
| Total equity and liabilities | 10/49 | €439,017 | €443,416 | +€4,399 | +1.0% |
| Equity | 10/15 | €392,987 | €380,571 | -€12,416 | -3.2% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €122,987 | €111,000 | -€11,987 | -9.7% |
| Distributable reserves | 133 | €122,987 | €111,000 | -€11,987 | -9.7% |
| Profit (loss) carried forward | 14 | - | -€429 | -€429 | |
| Amounts payable | 17/49 | €46,030 | €62,845 | +€16,815 | +36.5% |
| Amounts payable within one year | 42/48 | €2,790 | €667 | -€2,123 | -76.1% |
| Trade debts | 44 | €1,866 | €210 | -€1,656 | -88.7% |
| Suppliers | 440/4 | €1,866 | €210 | -€1,656 | -88.7% |
| Taxes, remuneration and social security | 45 | €881 | €199 | -€682 | -77.4% |
| Taxes | 450/3 | €881 | €199 | -€682 | -77.4% |
| Other amounts payable | 47/48 | €43 | €258 | +€215 | +506.5% |
| Accrued charges and deferred income | 492/3 | €43,240 | €62,178 | +€18,938 | +43.8% |
| Non-recurring operating income | 76A | €12,857 | - | -€12,857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €8,843 | +€63 | +0.7% |
| Other operating charges | 640/8 | €4,759 | €4,661 | -€99 | -2.1% |
| Non-recurring operating charges | 66A | €2,529 | - | -€2,529 | |
| Gross operating margin | 9900 | €11,989 | €940 | -€11,049 | -92.2% |
| Operating profit (loss) | 9901 | -€4,080 | -€12,563 | -€8,484 | -208.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €76 | €52 | -€24 | -31.5% |
| Recurring financial charges | 65 | €76 | €52 | -€24 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,155 | -€12,616 | -€8,461 | -203.6% |
| Income taxes | 67/77 | €398 | -€199 | -€598 | |
| Profit (loss) for the period | 9904 | -€4,553 | -€12,416 | -€7,863 | -172.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,553 | -€12,416 | -€7,863 | -172.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.