VERBINT: 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.
What changed
VERBINT
NACE 84.302, Public administration and defence; compulsory social security
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.0m
2024 · €668,995+€5.3m
Equity
€31.0m
2024 · €14.8m+€16.2m
Cash
€6.9m
2024 · €3.1m+€3.8m
Balance sheet total
€48.2m
2024 · €23.9m+€24.4m
Largest movements
Assets
- Current investments +€9.8m
up €9.8m (+402.0%), from €2.5m to €12.3m
- Tangible fixed assets +€9.2m
up €9.2m (+58.5%), from €15.8m to €25.0m
of which Land and buildings: +€9.1m
- Cash +€3.8m
up €3.8m (+121.9%), from €3.1m to €6.9m
mainly Contributions, distributions and other (+€10.2m) and Debts after one year (+€6.3m)
- Financial fixed assets +€1.2m
up €1.2m (+43587.7%), from €2,792 to €1.2m
of which Affiliated companies: +€1.2m
Equity and liabilities
- Profit (loss) carried forward +€11.3m
up €11.3m (+237.1%), from €4.8m to €16.1m
- Debts after one year +€6.3m
up €6.3m (+147.4%), from €4.3m to €10.6m
of which Financial debts: +€6.3m
- Reserves +€3.4m
up €3.4m (+131.4%), from €2.6m to €6.0m
- Debts within one year +€1.8m
up €1.8m (+51.7%), from €3.4m to €5.2m
of which Tax, wage and social debts: +€1.3m
- Contributions +€1.6m
up €1.6m (+35.3%), from €4.6m to €6.2m
Income statement
- Turnover +€5.7m
up €5.7m (+79.2%), from €7.2m to €12.9m
- Staff costs +€5.5m
up €5.5m (+48.8%), from €11.2m to €16.6m
- Services and other goods +€1.0m
up €1.0m (+26.6%), from €3.9m to €4.9m
- Depreciation +€546,978
up €546,978 (+47.2%), from €1.2m to €1.7m
- Other operating income +€469,398
up €469,398 (+32.8%), from €1.4m to €1.9m
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.
Result 2024
€668,995
Turnover
+€5.7m
Other operating income
+€469,398
Goods and materials
-€214,395
Services and other goods
-€1.0m
Staff costs
-€5.5m
Depreciation
-€546,978
Write-downs
-€11,471
Other operating charges
+€6,528
Other operating items
+€6.4m
Financial income
+€150,554
Financial charges
-€209,331
Result 2025
€6.0m
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.
From operations
+€9.3m
Investment
-€22.0m
Financing
+€16.5m
Cash 2024
€3.1m
From operations (derived)
+€9.3m
Net result for the year
+€6.0m
Depreciation
+€1.7m
Smaller working-capital items
+€21,814
Stocks and contracts
+€38,013
Receivables within one year
-€307,253
Debts within one year
+€1.8m
Accrued charges and deferred income
+€78,007
Investment (derived)
-€22.0m
Investment in fixed assets (net)
-€12.2m
Current investments
-€9.8m
Financing
+€16.5m
Debts after one year
+€6.3m
Contributions, distributions and other
+€10.2m
Cash 2025
€6.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,865,928 | €48,228,242 | +€24.4m | +102.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,792,335 | €26,261,646 | +€10.5m | +66.3% |
| Intangible fixed assets | 21 | €9,676 | €29,082 | +€19,407 | +200.6% |
| Tangible fixed assets | 22/27 | €15,779,868 | €25,012,925 | +€9.2m | +58.5% |
| Land and buildings | 22 | €15,094,492 | €24,214,101 | +€9.1m | +60.4% |
| Plant, machinery and equipment | 23 | €406,136 | €454,464 | +€48,328 | +11.9% |
| Furniture and vehicles | 24 | €268,976 | €273,528 | +€4,552 | +1.7% |
| Other tangible fixed assets | 26 | €6,409 | €5,507 | -€902 | -14.1% |
| Assets under construction and advance payments | 27 | €3,855 | €65,325 | +€61,470 | +1594.5% |
| Financial fixed assets | 28 | €2,792 | €1,219,639 | +€1.2m | +43587.7% |
| Affiliated companies | 280/1 | €0 | €1,214,247 | +€1.2m | |
| Participating interests | 280 | €0 | €1,214,247 | +€1.2m | |
| Amounts receivable | 281 | €0 | €0 | = | |
| Companies linked by participating interests | 282/3 | €0 | €0 | = | |
| Participating interests | 282 | €0 | €0 | = | |
| Amounts receivable | 283 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €2,792 | €5,392 | +€2,600 | +93.1% |
| Shares | 284 | €2,678 | €2,678 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €114 | €2,714 | +€2,600 | +2280.7% |
| Current assets | 29/58 | €8,073,593 | €21,966,596 | +€13.9m | +172.1% |
| Amounts receivable after more than one year | 29 | €48,999 | €32,667 | -€16,332 | -33.3% |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €48,999 | €32,667 | -€16,332 | -33.3% |
| Stocks and contracts in progress | 3 | €87,196 | €49,184 | -€38,013 | -43.6% |
| Stocks | 30/36 | €87,196 | €49,184 | -€38,013 | -43.6% |
| Raw materials and consumables | 30/31 | €87,196 | €49,184 | -€38,013 | -43.6% |
| Amounts receivable within one year | 40/41 | €1,981,334 | €2,288,587 | +€307,253 | +15.5% |
| Trade receivables | 40 | €734,101 | €1,520,054 | +€785,952 | +107.1% |
| Other amounts receivable | 41 | €1,247,233 | €768,534 | -€478,699 | -38.4% |
| Current investments | 50/53 | €2,450,000 | €12,298,772 | +€9.8m | +402.0% |
| Cash at bank and in hand | 54/58 | €3,105,490 | €6,890,725 | +€3.8m | +121.9% |
| Deferred charges and accrued income | 490/1 | €400,574 | €406,660 | +€6,086 | +1.5% |
| Total equity and liabilities | 10/49 | €23,865,928 | €48,228,242 | +€24.4m | +102.1% |
| Equity | 10/15 | €14,766,643 | €30,969,115 | +€16.2m | +109.7% |
| Contributions | 10/11 | €4,597,802 | €6,222,868 | +€1.6m | +35.3% |
| Capital | 10 | €4,597,802 | €6,222,868 | +€1.6m | +35.3% |
| Reserves | 13 | €2,606,410 | €6,031,592 | +€3.4m | +131.4% |
| Profit (loss) carried forward | 14 | €4,776,247 | €16,098,723 | +€11.3m | +237.1% |
| Investment grants | 15 | €2,786,184 | €2,615,933 | -€170,251 | -6.1% |
| Provisions and deferred taxes | 16 | €1,001,987 | €1,013,555 | +€11,568 | +1.2% |
| Provisions for liabilities and charges | 160/5 | €1,001,987 | €1,013,555 | +€11,568 | +1.2% |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €851,987 | €1,013,555 | +€161,568 | +19.0% |
| Other liabilities and charges | 164/5 | €150,000 | €0 | -€150,000 | -100.0% |
| Amounts payable | 17/49 | €8,097,298 | €16,245,572 | +€8.1m | +100.6% |
| Amounts payable after more than one year | 17 | €4,275,548 | €10,575,609 | +€6.3m | +147.4% |
| Financial debts | 170/4 | €4,274,048 | €10,574,109 | +€6.3m | +147.4% |
| Credit institutions | 173 | €3,599,394 | €9,116,635 | +€5.5m | +153.3% |
| Other loans | 174 | €674,654 | €1,457,474 | +€782,820 | +116.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,422,109 | €5,192,316 | +€1.8m | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €388,543 | €630,324 | +€241,781 | +62.2% |
| Trade debts | 44 | €1,040,922 | €1,024,139 | -€16,783 | -1.6% |
| Suppliers | 440/4 | €1,040,922 | €1,024,139 | -€16,783 | -1.6% |
| Advances received on contracts in progress | 46 | - | €221,041 | +€221,041 | |
| Taxes, remuneration and social security | 45 | €1,937,507 | €3,210,793 | +€1.3m | +65.7% |
| Taxes | 450/3 | €312,098 | €368,515 | +€56,417 | +18.1% |
| Remuneration and social security | 454/9 | €1,625,408 | €2,842,277 | +€1.2m | +74.9% |
| Accrued charges and deferred income | 492/3 | €399,640 | €477,647 | +€78,007 | +19.5% |
| Operating income | 70/76A | €17,551,685 | €31,375,466 | +€13.8m | +78.8% |
| Turnover | 70 | €7,192,948 | €12,890,158 | +€5.7m | +79.2% |
| Other operating income | 74 | €1,431,449 | €1,900,847 | +€469,398 | +32.8% |
| Non-recurring operating income | 76A | €104 | €6,524,604 | +€6.5m | +6302038.2% |
| Operating charges | 60/66A | €16,926,934 | €25,397,396 | +€8.5m | +50.0% |
| Goods for resale, raw materials and consumables | 60 | €340,569 | €554,964 | +€214,395 | +63.0% |
| Purchases | 600/8 | €359,103 | €546,785 | +€187,682 | +52.3% |
| Change in stocks: decrease (increase) | 609 | -€18,535 | €8,179 | +€26,714 | |
| Services and other goods | 61 | €3,874,055 | €4,903,049 | +€1.0m | +26.6% |
| Remuneration, social security and pensions | 62 | €11,187,190 | €16,642,024 | +€5.5m | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,158,016 | €1,704,994 | +€546,978 | +47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €577 | €12,048 | +€11,471 | +1988.3% |
| Other operating charges | 640/8 | €186,395 | €179,866 | -€6,528 | -3.5% |
| Non-recurring operating charges | 66A | €24,813 | €1,388,882 | +€1.4m | +5497.5% |
| Operating profit (loss) | 9901 | €624,751 | €5,978,070 | +€5.4m | +856.9% |
| Financial income | 75/76B | €91,206 | €241,760 | +€150,554 | +165.1% |
| Recurring financial income | 75 | €91,206 | €241,760 | +€150,554 | +165.1% |
| Income from current assets | 751 | €85,495 | €159,460 | +€73,965 | +86.5% |
| Other financial income | 752/9 | €5,710 | €82,300 | +€76,589 | +1341.3% |
| Financial charges | 65/66B | €46,961 | €256,292 | +€209,331 | +445.8% |
| Recurring financial charges | 65 | €37,536 | €210,071 | +€172,535 | +459.7% |
| Debt charges | 650 | €35,722 | €207,686 | +€171,964 | +481.4% |
| Other financial charges | 652/9 | €1,814 | €2,385 | +€571 | +31.5% |
| Non-recurring financial charges | 66B | €9,426 | €46,221 | +€36,796 | +390.4% |
| Profit (loss) for the period before taxes | 9903 | €668,995 | €5,963,538 | +€5.3m | +791.4% |
| Profit (loss) for the period | 9904 | €668,995 | €5,963,538 | +€5.3m | +791.4% |
| Profit (loss) for the period to be appropriated | 9905 | €668,995 | €5,963,538 | +€5.3m | +791.4% |
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 3 October 2026 via checked.be.