Verbinvest: 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.
Verbinvest
Largest movements
- Deferred charges and accrued income +€32,257
new in 2025: €32,257
- Cash -€23,888
down €23,888 (-10.3%), from €230,976 to €207,089
mainly Deferred charges and accrued income (-€32,257) and Net result for the year (-€13,641)
- Tangible fixed assets -€17,628
down €17,628 (-5.1%), from €344,372 to €326,744
- Profit (loss) carried forward -€13,641
down €13,641 (-2.6%), from -€528,877 to -€542,518
- Depreciation -€22,649
down €22,649 (-56.2%), from €40,277 to €17,628
- Gross operating margin -€9,915
down €9,915 (-45.6%), from €21,763 to €11,848
- Other operating charges +€222
up €222 (+3.0%), from €7,470 to €7,692
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 | €575,348 | €566,089 | -€9,259 | -1.6% |
| Fixed assets | 21/28 | €344,372 | €326,744 | -€17,628 | -5.1% |
| Tangible fixed assets | 22/27 | €344,372 | €326,744 | -€17,628 | -5.1% |
| Land and buildings | 22 | €344,372 | €326,744 | -€17,628 | -5.1% |
| Current assets | 29/58 | €230,976 | €239,345 | +€8,369 | +3.6% |
| Cash at bank and in hand | 54/58 | €230,976 | €207,089 | -€23,888 | -10.3% |
| Deferred charges and accrued income | 490/1 | - | €32,257 | +€32,257 | |
| Total equity and liabilities | 10/49 | €575,348 | €566,089 | -€9,259 | -1.6% |
| Equity | 10/15 | €575,264 | €561,623 | -€13,641 | -2.4% |
| Contributions | 10/11 | €974,000 | €974,000 | = | 0.0% |
| Capital | 10 | €974,000 | €974,000 | = | 0.0% |
| Issued capital | 100 | €3,599,000 | €3,599,000 | = | 0.0% |
| Uncalled capital | 101 | €2,625,000 | €2,625,000 | = | 0.0% |
| Reserves | 13 | €130,141 | €130,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,900 | €9,900 | = | 0.0% |
| Legal reserve | 130 | €9,900 | €9,900 | = | 0.0% |
| Distributable reserves | 133 | €120,241 | €120,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€528,877 | -€542,518 | -€13,641 | -2.6% |
| Amounts payable | 17/49 | €84 | €4,466 | +€4,382 | +5,218% |
| Amounts payable within one year | 42/48 | €84 | €4,466 | +€4,382 | +5,218% |
| Trade debts | 44 | €84 | €4,466 | +€4,382 | +5,218% |
| Suppliers | 440/4 | €84 | €4,466 | +€4,382 | +5,218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,277 | €17,628 | -€22,649 | -56.2% |
| Other operating charges | 640/8 | €7,470 | €7,692 | +€222 | +3.0% |
| Gross operating margin | 9900 | €21,763 | €11,848 | -€9,915 | -45.6% |
| Operating profit (loss) | 9901 | -€25,984 | -€13,472 | +€12,512 | +48.2% |
| Financial charges | 65/66B | €140 | €169 | +€29 | +20.7% |
| Recurring financial charges | 65 | €140 | €169 | +€29 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,124 | -€13,641 | +€12,483 | +47.8% |
| Profit (loss) for the period | 9904 | -€26,124 | -€13,641 | +€12,483 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,124 | -€13,641 | +€12,483 | +47.8% |
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 23 October 2026 via checked.be.