Verbiest: 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.
What changed
Verbiest
NACE 46.323, Wholesale trade
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2023 · -€110,890+€1.6m
Equity
€1.1m
2023 · €383,812+€690,226
Cash
€167,395
2023 · €570,079-€402,684
Balance sheet total
€9.7m
2023 · €7.5m+€2.1m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+111.4%), from €3.0m to €6.3m
of which Other amounts receivable: +€3.1m
- Tangible fixed assets -€649,714
down €649,714 (-56.3%), from €1.2m to €504,574
of which Land and buildings: -€720,997
- Cash -€402,684
down €402,684 (-70.6%), from €570,079 to €167,395
mainly Receivables within one year (-€3.3m) and Contributions, distributions and other (-€769,897)
Equity and liabilities
- Other debts +€991,050
up €991,050 (+57.4%), from €1.7m to €2.7m
- Profit (loss) carried forward +€687,858
no longer reported in 2024 (was -€687,858)
- Debts after one year -€651,297
down €651,297 (-99.5%), from €654,489 to €3,192
- Trade debts +€650,491
up €650,491 (+21.8%), from €3.0m to €3.6m
- Current portion of long-term debt +€554,096
up €554,096 (+570.0%), from €97,201 to €651,297
Income statement
- Turnover -€1.3m
down €1.3m (-5.5%), from €23.1m to €21.8m
- Goods and materials -€652,938
down €652,938 (-3.6%), from €18.3m to €17.7m
of which Purchases: -€720,880
- Other operating income -€274,454
down €274,454 (-59.5%), from €461,151 to €186,697
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.
Result 2023
-€110,890
Turnover
-€1.3m
Other operating income
-€274,454
Goods and materials
+€652,938
Services and other goods
-€115,642
Staff costs
+€44,545
Depreciation
+€10,882
Write-downs
+€13,302
Provisions
-€55,818
Other operating charges
+€36,144
Other operating items
+€2.5m
Financial income
+€104,118
Financial charges
-€101,911
Taxes
+€269
Deferred taxes and other
+€24,366
Result 2024
€1.5m
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.
From operations
+€283,566
Investment
+€351,492
Financing
-€1.0m
Cash 2023
€570,079
From operations (derived)
+€283,566
Net result for the year
+€1.5m
Depreciation
+€352,605
Stocks and contracts
+€50,969
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€2,762
Provisions
+€26,691
Trade debts
+€650,491
Tax, wage and social debts
+€16,304
Other debts
+€991,050
Accrued charges and deferred income
+€31,289
Investment (derived)
+€351,492
Investment in fixed assets (net)
+€351,492
Financing
-€1.0m
Debts after one year
-€651,297
Current portion of long-term debt
+€554,096
Short-term financial debts
-€170,644
Contributions, distributions and other
-€769,897
Cash 2024
€167,395
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,517,809 | €9,656,015 | +€2.1m | +28.4% |
| Fixed assets | 21/28 | €3,527,416 | €2,823,319 | -€704,097 | -20.0% |
| Intangible fixed assets | 21 | €159,155 | €104,772 | -€54,383 | -34.2% |
| Tangible fixed assets | 22/27 | €1,154,288 | €504,574 | -€649,714 | -56.3% |
| Land and buildings | 22 | €720,997 | - | -€720,997 | |
| Plant, machinery and equipment | 23 | €282,080 | €204,851 | -€77,230 | -27.4% |
| Furniture and vehicles | 24 | €151,210 | €299,723 | +€148,513 | +98.2% |
| Financial fixed assets | 28 | €2,213,973 | €2,213,973 | = | 0.0% |
| Affiliated companies | 280/1 | €2,202,105 | €2,202,105 | = | 0.0% |
| Amounts receivable | 281 | €2,202,105 | €2,202,105 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,868 | €11,868 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11,868 | €11,868 | = | 0.0% |
| Current assets | 29/58 | €3,990,393 | €6,832,695 | +€2.8m | +71.2% |
| Stocks and contracts in progress | 3 | €383,752 | €332,784 | -€50,969 | -13.3% |
| Stocks | 30/36 | €383,752 | €332,784 | -€50,969 | -13.3% |
| Goods purchased for resale | 34 | €383,752 | €332,784 | -€50,969 | -13.3% |
| Amounts receivable within one year | 40/41 | €2,961,009 | €6,259,726 | +€3.3m | +111.4% |
| Trade receivables | 40 | €2,852,725 | €3,062,474 | +€209,750 | +7.4% |
| Other amounts receivable | 41 | €108,285 | €3,197,252 | +€3.1m | +2852.6% |
| Current investments | 50/53 | €54,466 | €54,466 | = | 0.0% |
| Own shares | 50 | €54,466 | €54,466 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €570,079 | €167,395 | -€402,684 | -70.6% |
| Deferred charges and accrued income | 490/1 | €21,087 | €18,324 | -€2,762 | -13.1% |
| Total equity and liabilities | 10/49 | €7,517,809 | €9,656,015 | +€2.1m | +28.4% |
| Equity | 10/15 | €383,812 | €1,074,038 | +€690,226 | +179.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €228,176 | - | -€228,176 | |
| Reserves | 13 | €690,459 | €1,008,384 | +€317,925 | +46.0% |
| Non-distributable reserves | 130/1 | €262,771 | €262,771 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €202,105 | €202,105 | = | 0.0% |
| Own shares acquired | 1312 | €54,466 | €54,466 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,034 | €19,034 | = | 0.0% |
| Distributable reserves | 133 | €408,654 | €726,579 | +€317,925 | +77.8% |
| Profit (loss) carried forward | 14 | -€687,858 | - | +€687,858 | |
| Investment grants | 15 | €91,035 | €3,654 | -€87,381 | -96.0% |
| Provisions and deferred taxes | 16 | €30,345 | €57,036 | +€26,691 | +88.0% |
| Provisions for liabilities and charges | 160/5 | - | €55,818 | +€55,818 | |
| Other liabilities and charges | 164/5 | - | €55,818 | +€55,818 | |
| Deferred taxes | 168 | €30,345 | €1,218 | -€29,127 | -96.0% |
| Amounts payable | 17/49 | €7,103,652 | €8,524,941 | +€1.4m | +20.0% |
| Amounts payable after more than one year | 17 | €654,489 | €3,192 | -€651,297 | -99.5% |
| Financial debts | 170/4 | €654,489 | €3,192 | -€651,297 | -99.5% |
| Credit institutions | 173 | €654,489 | €3,192 | -€651,297 | -99.5% |
| Amounts payable within one year | 42/48 | €6,440,132 | €8,481,429 | +€2.0m | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €97,201 | €651,297 | +€554,096 | +570.0% |
| Financial debts | 43 | €1,266,588 | €1,095,945 | -€170,644 | -13.5% |
| Credit institutions | 430/8 | €1,266,588 | €1,095,945 | -€170,644 | -13.5% |
| Trade debts | 44 | €2,984,186 | €3,634,678 | +€650,491 | +21.8% |
| Suppliers | 440/4 | €2,984,186 | €3,634,678 | +€650,491 | +21.8% |
| Taxes, remuneration and social security | 45 | €366,064 | €382,368 | +€16,304 | +4.5% |
| Taxes | 450/3 | €100,151 | €117,681 | +€17,531 | +17.5% |
| Remuneration and social security | 454/9 | €265,913 | €264,686 | -€1,227 | -0.5% |
| Other amounts payable | 47/48 | €1,726,092 | €2,717,141 | +€991,050 | +57.4% |
| Accrued charges and deferred income | 492/3 | €9,032 | €40,320 | +€31,289 | +346.4% |
| Operating income | 70/76A | €23,572,242 | €24,529,980 | +€957,738 | +4.1% |
| Turnover | 70 | €23,086,971 | €21,815,877 | -€1.3m | -5.5% |
| Other operating income | 74 | €461,151 | €186,697 | -€274,454 | -59.5% |
| Non-recurring operating income | 76A | €24,120 | €2,527,406 | +€2.5m | +10378.4% |
| Operating charges | 60/66A | €23,677,083 | €23,090,652 | -€586,431 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €18,340,764 | €17,687,827 | -€652,938 | -3.6% |
| Purchases | 600/8 | €18,357,738 | €17,636,858 | -€720,880 | -3.9% |
| Change in stocks: decrease (increase) | 609 | -€16,974 | €50,969 | +€67,942 | |
| Services and other goods | 61 | €2,740,154 | €2,855,795 | +€115,642 | +4.2% |
| Remuneration, social security and pensions | 62 | €2,130,087 | €2,085,542 | -€44,545 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,486 | €352,605 | -€10,882 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,169 | €24,867 | -€13,302 | -34.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €55,818 | +€55,818 | |
| Other operating charges | 640/8 | €64,343 | €28,199 | -€36,144 | -56.2% |
| Non-recurring operating charges | 66A | €80 | - | -€80 | |
| Operating profit (loss) | 9901 | -€104,842 | €1,439,328 | +€1.5m | |
| Financial income | 75/76B | €122,473 | €226,591 | +€104,118 | +85.0% |
| Recurring financial income | 75 | €122,473 | €226,591 | +€104,118 | +85.0% |
| Income from financial fixed assets | 750 | €88,781 | €132,455 | +€43,674 | +49.2% |
| Income from current assets | 751 | €1,089 | €6,512 | +€5,423 | +498.1% |
| Other financial income | 752/9 | €32,603 | €87,624 | +€55,021 | +168.8% |
| Financial charges | 65/66B | €132,114 | €234,024 | +€101,911 | +77.1% |
| Recurring financial charges | 65 | €132,114 | €234,024 | +€101,911 | +77.1% |
| Debt charges | 650 | €125,115 | €196,066 | +€70,951 | +56.7% |
| Other financial charges | 652/9 | €6,999 | €37,958 | +€30,959 | +442.3% |
| Profit (loss) for the period before taxes | 9903 | -€114,482 | €1,431,894 | +€1.5m | |
| Transfer from deferred taxes | 780 | €4,761 | €29,127 | +€24,366 | +511.8% |
| Income taxes | 67/77 | €1,168 | €899 | -€269 | -23.0% |
| Taxes | 670/3 | €1,168 | €899 | -€269 | -23.0% |
| Profit (loss) for the period | 9904 | -€110,890 | €1,460,123 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€110,890 | €1,460,123 | +€1.6m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.