VERBIESE: 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.
VERBIESE
Largest movements
- Cash +€65,814
up €65,814 (+58.0%), from €113,388 to €179,202
mainly Trade debts (+€95,907) and Net result for the year (+€59,162)
- Stocks and contracts +€45,248
up €45,248 (+21.6%), from €209,035 to €254,283
- Tangible fixed assets -€19,095
down €19,095 (-15.8%), from €121,181 to €102,086
of which Plant, machinery and equipment: -€10,044
- Receivables within one year +€13,745
up €13,745 (+15.1%), from €90,865 to €104,611
of which Trade receivables: +€21,014
- Trade debts +€95,907
up €95,907 (+169.5%), from €56,566 to €152,473
- Staff costs +€14,587
up €14,587 (+5.6%), from €258,941 to €273,529
- Gross operating margin +€13,719
up €13,719 (+3.8%), from €359,877 to €373,596
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 | €644,434 | €748,219 | +€103,785 | +16.1% |
| Fixed assets | 21/28 | €121,805 | €102,710 | -€19,095 | -15.7% |
| Tangible fixed assets | 22/27 | €121,181 | €102,086 | -€19,095 | -15.8% |
| Land and buildings | 22 | €84,486 | €78,241 | -€6,245 | -7.4% |
| Plant, machinery and equipment | 23 | €27,949 | €17,904 | -€10,044 | -35.9% |
| Furniture and vehicles | 24 | €8,746 | €5,940 | -€2,806 | -32.1% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €522,629 | €645,509 | +€122,879 | +23.5% |
| Stocks and contracts in progress | 3 | €209,035 | €254,283 | +€45,248 | +21.6% |
| Stocks | 30/36 | €209,035 | €254,283 | +€45,248 | +21.6% |
| Amounts receivable within one year | 40/41 | €90,865 | €104,611 | +€13,745 | +15.1% |
| Trade receivables | 40 | €83,125 | €104,139 | +€21,014 | +25.3% |
| Other amounts receivable | 41 | €7,741 | €472 | -€7,268 | -93.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,388 | €179,202 | +€65,814 | +58.0% |
| Deferred charges and accrued income | 490/1 | €9,341 | €7,413 | -€1,928 | -20.6% |
| Total equity and liabilities | 10/49 | €644,434 | €748,219 | +€103,785 | +16.1% |
| Equity | 10/15 | €467,177 | €471,340 | +€4,162 | +0.9% |
| Contributions | 10/11 | €147,007 | €147,007 | = | 0.0% |
| Outside capital | 11 | €147,007 | €147,007 | = | 0.0% |
| Other | 1109/19 | €147,007 | €147,007 | = | 0.0% |
| Reserves | 13 | €87,418 | €87,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €87,418 | €87,418 | = | 0.0% |
| Reserves not available under the articles | 1311 | €87,418 | €87,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,753 | €236,915 | +€4,162 | +1.8% |
| Provisions and deferred taxes | 16 | €55,000 | €55,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €55,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable | 17/49 | €122,256 | €221,879 | +€99,622 | +81.5% |
| Amounts payable within one year | 42/48 | €122,256 | €221,617 | +€99,361 | +81.3% |
| Trade debts | 44 | €56,566 | €152,473 | +€95,907 | +169.5% |
| Suppliers | 440/4 | €56,566 | €152,473 | +€95,907 | +169.5% |
| Taxes, remuneration and social security | 45 | €12,120 | €10,574 | -€1,546 | -12.8% |
| Taxes | 450/3 | €5,229 | €3,806 | -€1,423 | -27.2% |
| Remuneration and social security | 454/9 | €6,891 | €6,767 | -€123 | -1.8% |
| Other amounts payable | 47/48 | €53,571 | €58,571 | +€5,000 | +9.3% |
| Accrued charges and deferred income | 492/3 | €0 | €261 | +€261 | |
| Remuneration, social security and pensions | 62 | €258,941 | €273,529 | +€14,587 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,927 | €19,095 | -€2,832 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €351 | -€576 | -€927 | |
| Other operating charges | 640/8 | €14,187 | €15,829 | +€1,642 | +11.6% |
| Gross operating margin | 9900 | €359,877 | €373,596 | +€13,719 | +3.8% |
| Operating profit (loss) | 9901 | €64,471 | €65,720 | +€1,249 | +1.9% |
| Financial income | 75/76B | €4,288 | €3,585 | -€703 | -16.4% |
| Recurring financial income | 75 | €4,288 | €3,585 | -€703 | -16.4% |
| Financial charges | 65/66B | €5,279 | €6,882 | +€1,603 | +30.4% |
| Recurring financial charges | 65 | €5,279 | €6,882 | +€1,603 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €63,480 | €62,422 | -€1,057 | -1.7% |
| Income taxes | 67/77 | €1,704 | €3,260 | +€1,556 | +91.3% |
| Profit (loss) for the period | 9904 | €61,775 | €59,162 | -€2,613 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,775 | €59,162 | -€2,613 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.