VERBIEST: 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.
VERBIEST
Largest movements
- Tangible fixed assets +€256,518
up €256,518 (+18.5%), from €1.4m to €1.6m
of which Furniture and vehicles: +€181,832
- Cash +€31,957
up €31,957 (+194.9%), from €16,396 to €48,353
mainly Other debts (+€381,299) and Depreciation (+€245,820)
- Stocks and contracts +€29,633
up €29,633 (+5.8%), from €508,338 to €537,971
- Other debts +€381,299
up €381,299 (+125.1%), from €304,728 to €686,027
- Debts after one year -€66,667
down €66,667 (-22.3%), from €299,027 to €232,361
- Depreciation +€52,780
up €52,780 (+27.3%), from €193,041 to €245,820
- Financial income -€31,576
down €31,576 (-86.5%), from €36,484 to €4,908
- Financial charges +€17,510
up €17,510 (+59.2%), from €29,584 to €47,094
- Taxes -€13,457
down €13,457 (-98.4%), from €13,675 to €218
- Staff costs +€11,016
up €11,016 (+4.6%), from €237,589 to €248,606
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 | €2,264,217 | €2,570,664 | +€306,447 | +13.5% |
| Fixed assets | 21/28 | €1,389,015 | €1,645,533 | +€256,518 | +18.5% |
| Tangible fixed assets | 22/27 | €1,389,015 | €1,645,533 | +€256,518 | +18.5% |
| Land and buildings | 22 | €841,174 | €877,878 | +€36,704 | +4.4% |
| Plant, machinery and equipment | 23 | €433,019 | €471,002 | +€37,983 | +8.8% |
| Furniture and vehicles | 24 | €114,822 | €296,654 | +€181,832 | +158.4% |
| Current assets | 29/58 | €875,202 | €925,131 | +€49,929 | +5.7% |
| Stocks and contracts in progress | 3 | €508,338 | €537,971 | +€29,633 | +5.8% |
| Stocks | 30/36 | €508,338 | €537,971 | +€29,633 | +5.8% |
| Amounts receivable within one year | 40/41 | €350,469 | €338,807 | -€11,662 | -3.3% |
| Trade receivables | 40 | €347,692 | €313,837 | -€33,855 | -9.7% |
| Other amounts receivable | 41 | €2,777 | €24,970 | +€22,193 | +799.2% |
| Cash at bank and in hand | 54/58 | €16,396 | €48,353 | +€31,957 | +194.9% |
| Total equity and liabilities | 10/49 | €2,264,217 | €2,570,664 | +€306,447 | +13.5% |
| Equity | 10/15 | €1,169,503 | €1,178,928 | +€9,425 | +0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,069,503 | €1,078,928 | +€9,425 | +0.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,059,503 | €1,068,928 | +€9,425 | +0.9% |
| Provisions and deferred taxes | 16 | €4,710 | €4,710 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,710 | €4,710 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,710 | €4,710 | = | 0.0% |
| Amounts payable | 17/49 | €1,090,005 | €1,387,026 | +€297,022 | +27.2% |
| Amounts payable after more than one year | 17 | €299,027 | €232,361 | -€66,667 | -22.3% |
| Financial debts | 170/4 | €299,027 | €232,361 | -€66,667 | -22.3% |
| Amounts payable within one year | 42/48 | €790,977 | €1,154,665 | +€363,688 | +46.0% |
| Financial debts | 43 | €80,000 | €66,667 | -€13,334 | -16.7% |
| Credit institutions | 430/8 | €80,000 | €66,667 | -€13,334 | -16.7% |
| Trade debts | 44 | €339,025 | €359,673 | +€20,649 | +6.1% |
| Suppliers | 440/4 | €339,025 | €359,673 | +€20,649 | +6.1% |
| Taxes, remuneration and social security | 45 | €67,224 | €42,299 | -€24,926 | -37.1% |
| Taxes | 450/3 | €40,261 | €13,561 | -€26,700 | -66.3% |
| Remuneration and social security | 454/9 | €26,964 | €28,738 | +€1,774 | +6.6% |
| Other amounts payable | 47/48 | €304,728 | €686,027 | +€381,299 | +125.1% |
| Remuneration, social security and pensions | 62 | €237,589 | €248,606 | +€11,016 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,041 | €245,820 | +€52,780 | +27.3% |
| Other operating charges | 640/8 | €25,488 | €19,588 | -€5,900 | -23.1% |
| Gross operating margin | 9900 | €559,774 | €565,843 | +€6,069 | +1.1% |
| Operating profit (loss) | 9901 | €103,656 | €51,829 | -€51,827 | -50.0% |
| Financial income | 75/76B | €36,484 | €4,908 | -€31,576 | -86.5% |
| Recurring financial income | 75 | €36,484 | €4,908 | -€31,576 | -86.5% |
| Financial charges | 65/66B | €29,584 | €47,094 | +€17,510 | +59.2% |
| Recurring financial charges | 65 | €29,584 | €47,094 | +€17,510 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €110,556 | €9,644 | -€100,912 | -91.3% |
| Income taxes | 67/77 | €13,675 | €218 | -€13,457 | -98.4% |
| Profit (loss) for the period | 9904 | €96,881 | €9,425 | -€87,455 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,881 | €9,425 | -€87,455 | -90.3% |
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 8 October 2026 via checked.be.