VERBINNEN: 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.
VERBINNEN
Largest movements
- Receivables within one year -€4,372
down €4,372 (-41.0%), from €10,654 to €6,283
of which Other amounts receivable: -€4,427
- Cash +€1,317
up €1,317 (+123%), from €1,070 to €2,386
mainly Receivables within one year (+€4,372) and Trade debts (+€1,919)
- Current investments -€1,020
down €1,020 (-100%), from €1,020 to €0
- Reserves -€8,336
down €8,336 (-13.7%), from €61,010 to €52,674
of which Distributable reserves: -€8,336
- Trade debts +€1,919
up €1,919 (+713%), from €269 to €2,188
- Other debts +€1,392
new in 2025: €1,392
- Gross operating margin -€10,251
down €10,251, from €2,715 to -€7,536
- Depreciation -€378
down €378 (-66.5%), from €569 to €191
- Financial income -€146
down €146 (-100%), from €146 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.
Derived cash bridge
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 | €80,541 | €75,820 | -€4,721 | -5.9% |
| Fixed assets | 21/28 | €191 | €0 | -€191 | -100% |
| Tangible fixed assets | 22/27 | €191 | €0 | -€191 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €191 | €0 | -€191 | -100% |
| Current assets | 29/58 | €80,350 | €75,820 | -€4,530 | -5.6% |
| Amounts receivable after more than one year | 29 | €66,724 | €66,724 | = | 0.0% |
| Other amounts receivable | 291 | €66,724 | €66,724 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,654 | €6,283 | -€4,372 | -41.0% |
| Trade receivables | 40 | €752 | €808 | +€56 | +7.4% |
| Other amounts receivable | 41 | €9,902 | €5,475 | -€4,427 | -44.7% |
| Current investments | 50/53 | €1,020 | €0 | -€1,020 | -100% |
| Cash at bank and in hand | 54/58 | €1,070 | €2,386 | +€1,317 | +123% |
| Deferred charges and accrued income | 490/1 | €882 | €426 | -€455 | -51.6% |
| Total equity and liabilities | 10/49 | €80,541 | €75,820 | -€4,721 | -5.9% |
| Equity | 10/15 | €79,706 | €71,224 | -€8,481 | -10.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €61,010 | €52,674 | -€8,336 | -13.7% |
| Tax-exempt reserves | 132 | €24,627 | €24,627 | = | 0.0% |
| Distributable reserves | 133 | €36,383 | €28,047 | -€8,336 | -22.9% |
| Profit (loss) carried forward | 14 | €146 | - | -€146 | |
| Amounts payable | 17/49 | €835 | €4,595 | +€3,761 | +451% |
| Amounts payable within one year | 42/48 | €835 | €4,595 | +€3,761 | +451% |
| Trade debts | 44 | €269 | €2,188 | +€1,919 | +713% |
| Suppliers | 440/4 | €269 | €2,188 | +€1,919 | +713% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €566 | €1,015 | +€449 | +79.5% |
| Taxes | 450/3 | €566 | €1,015 | +€449 | +79.5% |
| Other amounts payable | 47/48 | - | €1,392 | +€1,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €191 | -€378 | -66.5% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €2,715 | -€7,536 | -€10,251 | |
| Operating profit (loss) | 9901 | €1,576 | -€8,313 | -€9,889 | |
| Financial income | 75/76B | €146 | €0 | -€146 | -100% |
| Recurring financial income | 75 | €146 | €0 | -€146 | -100% |
| Financial charges | 65/66B | €39 | €37 | -€2 | -5.5% |
| Recurring financial charges | 65 | €39 | €37 | -€2 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €1,683 | -€8,349 | -€10,033 | |
| Income taxes | 67/77 | €122 | €132 | +€10 | +8.0% |
| Profit (loss) for the period | 9904 | €1,561 | -€8,481 | -€10,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,561 | -€8,481 | -€10,042 |
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 26 October 2026 via checked.be.