VERBLINT: 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.
VERBLINT
Largest movements
- Tangible fixed assets -€49,475
down €49,475 (-2.5%), from €2.0m to €1.9m
of which Land and buildings: -€107,281
- Cash -€30,296
down €30,296 (-30.6%), from €98,957 to €68,661
mainly Investment in fixed assets (net) (-€74,769) and Other debts (-€47,729)
- Profit (loss) carried forward +€54,126
up €54,126 (+10.7%), from -€508,061 to -€453,935
- Other debts -€47,729
down €47,729 (-9.2%), from €517,685 to €469,957
- Debts after one year -€40,566
down €40,566 (-29.5%), from €137,432 to €96,865
of which Financial debts: -€40,566
- Gross operating margin -€71,501
down €71,501 (-28.7%), from €249,155 to €177,654
- Depreciation +€15,179
up €15,179 (+13.9%), from €109,066 to €124,245
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,057,043 | €1,977,113 | -€79,930 | -3.9% |
| Fixed assets | 21/28 | €1,954,720 | €1,905,245 | -€49,475 | -2.5% |
| Tangible fixed assets | 22/27 | €1,954,720 | €1,905,245 | -€49,475 | -2.5% |
| Land and buildings | 22 | €1,946,260 | €1,838,979 | -€107,281 | -5.5% |
| Plant, machinery and equipment | 23 | €5,361 | €3,973 | -€1,388 | -25.9% |
| Furniture and vehicles | 24 | €3,099 | €62,292 | +€59,193 | +1910.0% |
| Current assets | 29/58 | €102,323 | €71,868 | -€30,455 | -29.8% |
| Cash at bank and in hand | 54/58 | €98,957 | €68,661 | -€30,296 | -30.6% |
| Deferred charges and accrued income | 490/1 | €3,366 | €3,207 | -€159 | -4.7% |
| Total equity and liabilities | 10/49 | €2,057,043 | €1,977,113 | -€79,930 | -3.9% |
| Equity | 10/15 | €1,193,290 | €1,230,771 | +€37,481 | +3.1% |
| Contributions | 10/11 | €1,361,973 | €1,361,973 | = | 0.0% |
| Capital | 10 | €1,361,973 | €1,361,973 | = | 0.0% |
| Issued capital | 100 | €1,361,973 | €1,361,973 | = | 0.0% |
| Reserves | 13 | €339,377 | €322,733 | -€16,644 | -4.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €258,180 | €241,536 | -€16,644 | -6.4% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€508,061 | -€453,935 | +€54,126 | +10.7% |
| Provisions and deferred taxes | 16 | €133,002 | €124,428 | -€8,574 | -6.4% |
| Deferred taxes | 168 | €133,002 | €124,428 | -€8,574 | -6.4% |
| Amounts payable | 17/49 | €730,751 | €621,914 | -€108,837 | -14.9% |
| Amounts payable after more than one year | 17 | €137,432 | €96,865 | -€40,566 | -29.5% |
| Financial debts | 170/4 | €132,792 | €92,225 | -€40,566 | -30.5% |
| Other amounts payable | 178/9 | €4,640 | €4,640 | = | 0.0% |
| Amounts payable within one year | 42/48 | €588,937 | €520,951 | -€67,986 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €61,861 | €41,497 | -€20,364 | -32.9% |
| Trade debts | 44 | €9,146 | €9,216 | +€70 | +0.8% |
| Suppliers | 440/4 | €9,146 | €9,216 | +€70 | +0.8% |
| Taxes, remuneration and social security | 45 | €245 | €282 | +€37 | +15.2% |
| Taxes | 450/3 | €245 | €282 | +€37 | +15.2% |
| Other amounts payable | 47/48 | €517,685 | €469,957 | -€47,729 | -9.2% |
| Accrued charges and deferred income | 492/3 | €4,383 | €4,097 | -€285 | -6.5% |
| Non-recurring operating income | 76A | €112,028 | €51,779 | -€60,249 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,066 | €124,245 | +€15,179 | +13.9% |
| Other operating charges | 640/8 | €17,652 | €18,049 | +€397 | +2.2% |
| Gross operating margin | 9900 | €249,155 | €177,654 | -€71,501 | -28.7% |
| Operating profit (loss) | 9901 | €122,437 | €35,360 | -€87,077 | -71.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,007 | €6,202 | -€805 | -11.5% |
| Recurring financial charges | 65 | €7,007 | €6,202 | -€805 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €115,429 | €29,159 | -€86,270 | -74.7% |
| Transfer from deferred taxes | 780 | €8,574 | €8,574 | = | 0.0% |
| Income taxes | 67/77 | €222 | €252 | +€30 | +13.6% |
| Profit (loss) for the period | 9904 | €123,782 | €37,481 | -€86,300 | -69.7% |
| Transfer from tax-exempt reserves | 789 | €16,644 | €16,644 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,426 | €54,126 | -€86,300 | -61.5% |
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 8 October 2026 via checked.be.