VERBIM.: 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.
VERBIM.
Largest movements
- Cash -€48,868
down €48,868 (-39.3%), from €124,223 to €75,355
mainly Net result for the year (-€29,435) and Other debts (-€23,222)
- Stocks and contracts -€8,646
down €8,646 (-37.5%), from €23,059 to €14,414
of which Stocks: -€8,103
- Receivables within one year +€3,470
up €3,470 (+48.0%), from €7,233 to €10,702
of which Trade receivables: +€7,799
- Profit (loss) carried forward -€29,435
down €29,435, from €115 to -€29,320
- Other debts -€23,222
down €23,222 (-41.0%), from €56,688 to €33,466
- Gross operating margin -€32,308
down €32,308, from €5,870 to -€26,438
- Other operating charges -€5,655
down €5,655 (-73.1%), from €7,732 to €2,077
- Write-downs +€2,902
up €2,902, from -€2,902 to €0
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 | €157,719 | €103,021 | -€54,699 | -34.7% |
| Fixed assets | 21/28 | €800 | €205 | -€596 | -74.4% |
| Tangible fixed assets | 22/27 | €800 | €205 | -€596 | -74.4% |
| Plant, machinery and equipment | 23 | €800 | €205 | -€596 | -74.4% |
| Current assets | 29/58 | €156,919 | €102,816 | -€54,103 | -34.5% |
| Stocks and contracts in progress | 3 | €23,059 | €14,414 | -€8,646 | -37.5% |
| Stocks | 30/36 | €10,517 | €2,414 | -€8,103 | -77.0% |
| Contracts in progress | 37 | €12,542 | €12,000 | -€542 | -4.3% |
| Amounts receivable within one year | 40/41 | €7,233 | €10,702 | +€3,470 | +48.0% |
| Trade receivables | 40 | - | €7,799 | +€7,799 | |
| Other amounts receivable | 41 | €7,233 | €2,903 | -€4,329 | -59.9% |
| Cash at bank and in hand | 54/58 | €124,223 | €75,355 | -€48,868 | -39.3% |
| Deferred charges and accrued income | 490/1 | €2,404 | €2,344 | -€59 | -2.5% |
| Total equity and liabilities | 10/49 | €157,719 | €103,021 | -€54,699 | -34.7% |
| Equity | 10/15 | €96,985 | €67,550 | -€29,435 | -30.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €78,320 | €78,320 | = | 0.0% |
| Distributable reserves | 133 | €78,320 | €78,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | -€29,320 | -€29,435 | |
| Amounts payable | 17/49 | €60,735 | €35,471 | -€25,264 | -41.6% |
| Amounts payable within one year | 42/48 | €60,735 | €35,471 | -€25,264 | -41.6% |
| Trade debts | 44 | €1,396 | €506 | -€891 | -63.8% |
| Suppliers | 440/4 | €1,396 | €506 | -€891 | -63.8% |
| Taxes, remuneration and social security | 45 | €2,650 | €1,499 | -€1,151 | -43.4% |
| Taxes | 450/3 | €2,650 | €1,499 | -€1,151 | -43.4% |
| Other amounts payable | 47/48 | €56,688 | €33,466 | -€23,222 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €596 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,902 | €0 | +€2,902 | |
| Other operating charges | 640/8 | €7,732 | €2,077 | -€5,655 | -73.1% |
| Gross operating margin | 9900 | €5,870 | -€26,438 | -€32,308 | |
| Operating profit (loss) | 9901 | €444 | -€29,110 | -€29,554 | |
| Financial income | 75/76B | €10 | €123 | +€114 | +1151.8% |
| Recurring financial income | 75 | €10 | €123 | +€114 | +1151.8% |
| Financial charges | 65/66B | €205 | €224 | +€18 | +9.0% |
| Recurring financial charges | 65 | €205 | €224 | +€18 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €249 | -€29,211 | -€29,459 | |
| Income taxes | 67/77 | €210 | €224 | +€14 | +6.7% |
| Profit (loss) for the period | 9904 | €38 | -€29,435 | -€29,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €38 | -€29,435 | -€29,473 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.