Verbinhvest: what changed
What changed
Verbinhvest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €122,094+€2.4m
Equity
€2.7m
2024 · €153,085+€2.6m
Cash
€66,935
2024 · €100,509-€33,574
Balance sheet total
€9.9m
2024 · €10.0m-€130,934
Largest movements
Assets
- Tangible fixed assets -€224,502
down €224,502 (-5.5%), from €4.1m to €3.8m
- Receivables within one year +€125,871
up €125,871 (+112%), from €111,927 to €237,797
of which Trade receivables: +€125,864
Equity and liabilities
- Other debts -€2.3m
down €2.3m (-44.2%), from €5.3m to €2.9m
- Reserves +€2.3m
new in 2025: €2.3m
- Debts after one year -€388,835
down €388,835 (-9.5%), from €4.1m to €3.7m
of which Financial debts: -€388,835
- Profit (loss) carried forward +€246,915
up €246,915, from -€246,915 to €0
Income statement
- Financial income +€2.3m
up €2.3m (+544,034%), from €423 to €2.3m
- Gross operating margin +€159,008
up €159,008 (+31.3%), from €507,899 to €666,907
- Financial charges +€21,905
up €21,905 (+20.5%), from €106,798 to €128,703
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
€122,094
Gross operating margin
+€159,008
Depreciation
-€4,146
Other operating charges
-€1,853
Financial income
+€2.3m
Financial charges
-€21,905
Result 2025
€2.6m
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
+€352,946
Investment
€0
Financing
-€386,520
Cash 2024
€100,509
From operations (derived)
+€352,946
Net result for the year
+€2.6m
Depreciation
+€224,502
Receivables within one year
-€125,871
Deferred charges and accrued income
-€1,272
Trade debts
-€19,869
Tax, wage and social debts
-€6,957
Other debts
-€2.3m
Accrued charges and deferred income
+€56,471
Financing
-€386,520
Debts after one year
-€388,835
Current portion of long-term debt
+€2,314
Cash 2025
€66,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,045,358 | €9,914,424 | -€130,934 | -1.3% |
| Fixed assets | 21/28 | €9,813,917 | €9,589,414 | -€224,502 | -2.3% |
| Tangible fixed assets | 22/27 | €4,050,715 | €3,826,213 | -€224,502 | -5.5% |
| Land and buildings | 22 | €4,050,715 | €3,826,213 | -€224,502 | -5.5% |
| Financial fixed assets | 28 | €5,763,202 | €5,763,202 | = | 0.0% |
| Current assets | 29/58 | €231,441 | €325,009 | +€93,568 | +40.4% |
| Amounts receivable within one year | 40/41 | €111,927 | €237,797 | +€125,871 | +112% |
| Trade receivables | 40 | €111,927 | €237,791 | +€125,864 | +112% |
| Other amounts receivable | 41 | €0 | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €100,509 | €66,935 | -€33,574 | -33.4% |
| Deferred charges and accrued income | 490/1 | €19,005 | €20,277 | +€1,272 | +6.7% |
| Total equity and liabilities | 10/49 | €10,045,358 | €9,914,424 | -€130,934 | -1.3% |
| Equity | 10/15 | €153,085 | €2,705,860 | +€2.6m | +1,668% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | - | €2,305,860 | +€2.3m | |
| Distributable reserves | 133 | - | €2,305,860 | +€2.3m | |
| Profit (loss) carried forward | 14 | -€246,915 | €0 | +€246,915 | |
| Amounts payable | 17/49 | €9,892,273 | €7,208,564 | -€2.7m | -27.1% |
| Amounts payable after more than one year | 17 | €4,106,548 | €3,717,714 | -€388,835 | -9.5% |
| Financial debts | 170/4 | €4,079,067 | €3,690,232 | -€388,835 | -9.5% |
| Other amounts payable | 178/9 | €27,482 | €27,482 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,695,552 | €3,344,207 | -€2.4m | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €386,520 | €388,835 | +€2,314 | +0.6% |
| Trade debts | 44 | €39,234 | €19,365 | -€19,869 | -50.6% |
| Suppliers | 440/4 | €39,234 | €19,365 | -€19,869 | -50.6% |
| Taxes, remuneration and social security | 45 | €9,715 | €2,758 | -€6,957 | -71.6% |
| Taxes | 450/3 | €9,715 | €2,758 | -€6,957 | -71.6% |
| Other amounts payable | 47/48 | €5,260,083 | €2,933,249 | -€2.3m | -44.2% |
| Accrued charges and deferred income | 492/3 | €90,172 | €146,643 | +€56,471 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,356 | €224,502 | +€4,146 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €59,073 | €60,926 | +€1,853 | +3.1% |
| Gross operating margin | 9900 | €507,899 | €666,907 | +€159,008 | +31.3% |
| Operating profit (loss) | 9901 | €228,469 | €381,478 | +€153,008 | +67.0% |
| Financial income | 75/76B | €423 | €2,300,000 | +€2.3m | +544,034% |
| Recurring financial income | 75 | €423 | €2,300,000 | +€2.3m | +544,034% |
| Financial charges | 65/66B | €106,798 | €128,703 | +€21,905 | +20.5% |
| Recurring financial charges | 65 | €106,798 | €128,703 | +€21,905 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €122,094 | €2,552,775 | +€2.4m | +1,991% |
| Profit (loss) for the period | 9904 | €122,094 | €2,552,775 | +€2.4m | +1,991% |
| Profit (loss) for the period to be appropriated | 9905 | €122,094 | €2,552,775 | +€2.4m | +1,991% |
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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 7 November 2026 via checked.be.