Verbist Racing: what changed
What changed
Verbist Racing
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
filed annual accounts (NBB)
Net result for the year
-€35,373
2024 · €2,975-€38,348
Equity
€27,692
2024 · €63,065-€35,373
Cash
€9,803
2024 · €5,612+€4,190
Balance sheet total
€147,551
2024 · €142,591+€4,961
Largest movements
Assets
- Tangible fixed assets +€31,772
up €31,772 (+62.9%), from €50,520 to €82,292
of which Furniture and vehicles: +€30,318
- Receivables within one year -€30,949
down €30,949 (-35.8%), from €86,341 to €55,392
of which Trade receivables: -€35,704
- Cash +€4,190
up €4,190 (+74.7%), from €5,612 to €9,803
mainly Other debts (+€33,085) and Receivables within one year (+€30,949)
Equity and liabilities
- Profit (loss) carried forward -€35,373
down €35,373, from €2,975 to -€32,399
- Other debts +€33,085
up €33,085 (+113%), from €29,362 to €62,447
- Current portion of long-term debt +€10,119
up €10,119 (+134%), from €7,563 to €17,682
- Debts after one year +€7,886
up €7,886 (+44.7%), from €17,645 to €25,531
- Tax, wage and social debts -€4,657
down €4,657 (-59.0%), from €7,888 to €3,230
Income statement
- Gross operating margin -€27,220
down €27,220, from €25,416 to -€1,804
- Depreciation +€14,632
up €14,632 (+92.8%), from €15,769 to €30,401
- Taxes -€3,617
no longer reported in 2025 (was €3,617)
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
€2,975
Gross operating margin
-€27,220
Staff costs
-€200
Depreciation
-€14,632
Other operating charges
-€191
Other operating items
+€388
Financial income
-€0
Financial charges
-€111
Taxes
+€3,617
Result 2025
-€35,373
raises the resultlowers the resultnot broken down further in the accounts
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
+€51,025
Investment
-€62,173
Financing
+€15,338
Cash 2024
€5,612
From operations (derived)
+€51,025
Net result for the year
-€35,373
Depreciation
+€30,401
Receivables within one year
+€30,949
Deferred charges and accrued income
+€53
Trade debts
-€3,432
Tax, wage and social debts
-€4,657
Other debts
+€33,085
Investment (derived)
-€62,173
Investment in fixed assets (net)
-€62,173
Financing
+€15,338
Debts after one year
+€7,886
Current portion of long-term debt
+€10,119
Short-term financial debts
-€2,667
Cash 2025
€9,803
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,591 | €147,551 | +€4,961 | +3.5% |
| Fixed assets | 21/28 | €50,584 | €82,356 | +€31,772 | +62.8% |
| Tangible fixed assets | 22/27 | €50,520 | €82,292 | +€31,772 | +62.9% |
| Furniture and vehicles | 24 | €39,082 | €69,400 | +€30,318 | +77.6% |
| Other tangible fixed assets | 26 | €11,438 | €12,892 | +€1,454 | +12.7% |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €92,007 | €65,195 | -€26,812 | -29.1% |
| Amounts receivable within one year | 40/41 | €86,341 | €55,392 | -€30,949 | -35.8% |
| Trade receivables | 40 | €77,093 | €41,388 | -€35,704 | -46.3% |
| Other amounts receivable | 41 | €9,249 | €14,004 | +€4,756 | +51.4% |
| Cash at bank and in hand | 54/58 | €5,612 | €9,803 | +€4,190 | +74.7% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €142,591 | €147,551 | +€4,961 | +3.5% |
| Equity | 10/15 | €63,065 | €27,692 | -€35,373 | -56.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,891 | €53,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,031 | €52,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,975 | -€32,399 | -€35,373 | |
| Amounts payable | 17/49 | €79,525 | €119,859 | +€40,334 | +50.7% |
| Amounts payable after more than one year | 17 | €17,645 | €25,531 | +€7,886 | +44.7% |
| Financial debts | 170/4 | €17,645 | €25,531 | +€7,886 | +44.7% |
| Amounts payable within one year | 42/48 | €61,880 | €94,328 | +€32,449 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €7,563 | €17,682 | +€10,119 | +134% |
| Financial debts | 43 | €2,667 | - | -€2,667 | |
| Credit institutions | 430/8 | €2,667 | - | -€2,667 | |
| Trade debts | 44 | €14,401 | €10,969 | -€3,432 | -23.8% |
| Suppliers | 440/4 | €14,401 | €10,969 | -€3,432 | -23.8% |
| Taxes, remuneration and social security | 45 | €7,888 | €3,230 | -€4,657 | -59.0% |
| Taxes | 450/3 | €7,888 | €3,230 | -€4,657 | -59.0% |
| Other amounts payable | 47/48 | €29,362 | €62,447 | +€33,085 | +113% |
| Remuneration, social security and pensions | 62 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,769 | €30,401 | +€14,632 | +92.8% |
| Other operating charges | 640/8 | €181 | €373 | +€191 | +106% |
| Non-recurring operating charges | 66A | €388 | - | -€388 | |
| Gross operating margin | 9900 | €25,416 | -€1,804 | -€27,220 | |
| Operating profit (loss) | 9901 | €9,077 | -€32,777 | -€41,854 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,486 | €2,597 | +€111 | +4.5% |
| Recurring financial charges | 65 | €2,486 | €2,597 | +€111 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €6,592 | -€35,373 | -€41,965 | |
| Income taxes | 67/77 | €3,617 | - | -€3,617 | |
| Profit (loss) for the period | 9904 | €2,975 | -€35,373 | -€38,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,975 | -€35,373 | -€38,348 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.