VERBIEST: what changed
What changed
VERBIEST
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€14,689
2024 · €403,044-€417,733
Equity
€442,425
2024 · €724,585-€282,160
Cash
€296,063
2024 · €351,978-€55,915
Balance sheet total
€616,605
2024 · €948,143-€331,537
Largest movements
Assets
- Receivables within one year -€324,083
down €324,083 (-75.5%), from €429,354 to €105,271
of which Other amounts receivable: -€262,538
- Current investments +€100,000
new in 2025: €100,000
- Cash -€55,915
down €55,915 (-15.9%), from €351,978 to €296,063
mainly Contributions, distributions and other (-€267,471) and Current investments (-€100,000)
- Tangible fixed assets -€33,188
down €33,188 (-44.4%), from €74,720 to €41,532
of which Leasing and similar rights: -€19,368
- Deferred charges and accrued income -€11,223
down €11,223 (-61.6%), from €18,223 to €7,000
Equity and liabilities
- Reserves -€292,563
down €292,563 (-44.2%), from €662,611 to €370,048
of which Distributable reserves: -€300,000
- Contributions +€75,000
up €75,000 (+121%), from €61,973 to €136,973
- Profit (loss) carried forward -€64,597
new in 2025: -€64,597
- Accrued charges and deferred income -€50,363
down €50,363 (-93.5%), from €53,866 to €3,502
- Trade debts +€24,809
up €24,809 (+18.7%), from €132,503 to €157,312
Income statement
- Gross operating margin -€684,226
down €684,226 (-95.8%), from €714,177 to €29,951
- Taxes -€183,589
down €183,589 (-99.8%), from €183,873 to €284
- Staff costs -€46,712
down €46,712 (-100%), from €46,712 to €0
- Financial charges -€28,255
down €28,255 (-89.6%), from €31,529 to €3,274
- Write-downs -€11,347
down €11,347, from €5,674 to -€5,674
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€403,044
Gross operating margin
-€684,226
Staff costs
+€46,712
Depreciation
-€3,162
Write-downs
+€11,347
Other operating charges
+€2,976
Financial income
-€3,225
Financial charges
+€28,255
Taxes
+€183,589
Result 2025
-€14,689
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€343,125
Investment
-€114,228
Financing
-€284,812
Cash 2024
€351,978
From operations (derived)
+€343,125
Net result for the year
-€14,689
Depreciation
+€50,645
Stocks and contracts
+€3,899
Receivables within one year
+€324,083
Deferred charges and accrued income
+€11,223
Trade debts
+€24,809
Tax, wage and social debts
-€6,425
Other debts
-€57
Accrued charges and deferred income
-€50,363
Investment (derived)
-€114,228
Investment in fixed assets (net)
-€14,228
Current investments
-€100,000
Financing
-€284,812
Debts after one year
-€7,768
Current portion of long-term debt
-€9,573
Contributions, distributions and other
-€267,471
Cash 2025
€296,063
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,143 | €616,605 | -€331,537 | -35.0% |
| Fixed assets | 21/28 | €87,948 | €51,532 | -€36,417 | -41.4% |
| Intangible fixed assets | 21 | €9,928 | €6,229 | -€3,699 | -37.3% |
| Tangible fixed assets | 22/27 | €74,720 | €41,532 | -€33,188 | -44.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €25,604 | €16,139 | -€9,466 | -37.0% |
| Furniture and vehicles | 24 | €25,299 | €20,945 | -€4,354 | -17.2% |
| Leasing and similar rights | 25 | €23,816 | €4,448 | -€19,368 | -81.3% |
| Financial fixed assets | 28 | €3,300 | €3,770 | +€470 | +14.2% |
| Current assets | 29/58 | €860,194 | €565,074 | -€295,121 | -34.3% |
| Stocks and contracts in progress | 3 | €60,639 | €56,740 | -€3,899 | -6.4% |
| Stocks | 30/36 | €60,639 | €56,740 | -€3,899 | -6.4% |
| Amounts receivable within one year | 40/41 | €429,354 | €105,271 | -€324,083 | -75.5% |
| Trade receivables | 40 | €139,692 | €78,147 | -€61,545 | -44.1% |
| Other amounts receivable | 41 | €289,662 | €27,124 | -€262,538 | -90.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €351,978 | €296,063 | -€55,915 | -15.9% |
| Deferred charges and accrued income | 490/1 | €18,223 | €7,000 | -€11,223 | -61.6% |
| Total equity and liabilities | 10/49 | €948,143 | €616,605 | -€331,537 | -35.0% |
| Equity | 10/15 | €724,585 | €442,425 | -€282,160 | -38.9% |
| Contributions | 10/11 | €61,973 | €136,973 | +€75,000 | +121% |
| Capital | 10 | €61,973 | €136,973 | +€75,000 | +121% |
| Issued capital | 100 | €61,973 | €136,973 | +€75,000 | +121% |
| Reserves | 13 | €662,611 | €370,048 | -€292,563 | -44.2% |
| Non-distributable reserves | 130/1 | €6,197 | €13,634 | +€7,437 | +120% |
| Legal reserve | 130 | €6,197 | €13,634 | +€7,437 | +120% |
| Distributable reserves | 133 | €656,414 | €356,414 | -€300,000 | -45.7% |
| Profit (loss) carried forward | 14 | - | -€64,597 | -€64,597 | |
| Amounts payable | 17/49 | €223,558 | €174,180 | -€49,378 | -22.1% |
| Amounts payable after more than one year | 17 | €7,768 | €0 | -€7,768 | -100% |
| Financial debts | 170/4 | €7,768 | €0 | -€7,768 | -100% |
| Amounts payable within one year | 42/48 | €161,924 | €170,678 | +€8,753 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €17,341 | €7,768 | -€9,573 | -55.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €132,503 | €157,312 | +€24,809 | +18.7% |
| Suppliers | 440/4 | €132,503 | €157,312 | +€24,809 | +18.7% |
| Taxes, remuneration and social security | 45 | €8,720 | €2,296 | -€6,425 | -73.7% |
| Taxes | 450/3 | €8,720 | €2,296 | -€6,425 | -73.7% |
| Other amounts payable | 47/48 | €3,360 | €3,303 | -€57 | -1.7% |
| Accrued charges and deferred income | 492/3 | €53,866 | €3,502 | -€50,363 | -93.5% |
| Non-recurring operating income | 76A | €668,869 | €0 | -€668,869 | -100% |
| Remuneration, social security and pensions | 62 | €46,712 | €0 | -€46,712 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,483 | €50,645 | +€3,162 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,674 | -€5,674 | -€11,347 | |
| Other operating charges | 640/8 | €6,655 | €3,679 | -€2,976 | -44.7% |
| Gross operating margin | 9900 | €714,177 | €29,951 | -€684,226 | -95.8% |
| Operating profit (loss) | 9901 | €607,654 | -€18,700 | -€626,353 | |
| Financial income | 75/76B | €10,793 | €7,568 | -€3,225 | -29.9% |
| Recurring financial income | 75 | €10,793 | €7,568 | -€3,225 | -29.9% |
| Financial charges | 65/66B | €31,529 | €3,274 | -€28,255 | -89.6% |
| Recurring financial charges | 65 | €31,529 | €3,274 | -€28,255 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €586,917 | -€14,405 | -€601,323 | |
| Income taxes | 67/77 | €183,873 | €284 | -€183,589 | -99.8% |
| Profit (loss) for the period | 9904 | €403,044 | -€14,689 | -€417,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €403,044 | -€14,689 | -€417,733 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.