VERBO: 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.
VERBO
Largest movements
- Tangible fixed assets -€19,628
down €19,628 (-2.8%), from €707,163 to €687,535
of which Land and buildings: -€18,418
- Short-term financial debts -€189,814
down €189,814 (-94.9%), from €200,000 to €10,186
- Debts after one year +€180,048
new in 2024: €180,048
- Reserves -€13,674
down €13,674 (-3.1%), from €435,489 to €421,815
of which Tax-exempt reserves: -€13,674
- Profit (loss) carried forward +€8,223
up €8,223 (+12.2%), from -€67,610 to -€59,387
- Gross operating margin +€22,666
up €22,666, from -€3,216 to €19,450
- Depreciation +€16,357
up €16,357 (+500.0%), from €3,271 to €19,628
- Financial charges +€8,146
up €8,146 (+2377.9%), from €343 to €8,488
- Other operating charges -€6,963
down €6,963 (-88.3%), from €7,887 to €924
- Financial income -€1,715
down €1,715 (-83.4%), from €2,057 to €342
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,135 | €701,236 | -€25,899 | -3.6% |
| Fixed assets | 21/28 | €707,163 | €687,535 | -€19,628 | -2.8% |
| Tangible fixed assets | 22/27 | €707,163 | €687,535 | -€19,628 | -2.8% |
| Land and buildings | 22 | €689,215 | €670,797 | -€18,418 | -2.7% |
| Plant, machinery and equipment | 23 | €17,948 | €16,738 | -€1,210 | -6.7% |
| Current assets | 29/58 | €19,972 | €13,701 | -€6,271 | -31.4% |
| Amounts receivable within one year | 40/41 | €5,188 | €103 | -€5,085 | -98.0% |
| Trade receivables | 40 | €761 | - | -€761 | |
| Other amounts receivable | 41 | €4,427 | €103 | -€4,324 | -97.7% |
| Cash at bank and in hand | 54/58 | €14,784 | €13,598 | -€1,186 | -8.0% |
| Total equity and liabilities | 10/49 | €727,135 | €701,236 | -€25,899 | -3.6% |
| Equity | 10/15 | €374,085 | €368,633 | -€5,451 | -1.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €435,489 | €421,815 | -€13,674 | -3.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €433,629 | €419,955 | -€13,674 | -3.2% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€67,610 | -€59,387 | +€8,223 | +12.2% |
| Provisions and deferred taxes | 16 | €144,543 | €139,985 | -€4,558 | -3.2% |
| Deferred taxes | 168 | €144,543 | €139,985 | -€4,558 | -3.2% |
| Amounts payable | 17/49 | €208,508 | €192,618 | -€15,890 | -7.6% |
| Amounts payable after more than one year | 17 | - | €180,048 | +€180,048 | |
| Financial debts | 170/4 | - | €180,048 | +€180,048 | |
| Amounts payable within one year | 42/48 | €207,055 | €11,117 | -€195,938 | -94.6% |
| Financial debts | 43 | €200,000 | €10,186 | -€189,814 | -94.9% |
| Credit institutions | 430/8 | €200,000 | €10,186 | -€189,814 | -94.9% |
| Trade debts | 44 | €2,203 | €506 | -€1,697 | -77.0% |
| Suppliers | 440/4 | €2,203 | €506 | -€1,697 | -77.0% |
| Advances received on contracts in progress | 46 | €4,852 | - | -€4,852 | |
| Other amounts payable | 47/48 | - | €425 | +€425 | |
| Accrued charges and deferred income | 492/3 | €1,453 | €1,453 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,271 | €19,628 | +€16,357 | +500.0% |
| Other operating charges | 640/8 | €7,887 | €924 | -€6,963 | -88.3% |
| Non-recurring operating charges | 66A | - | €761 | +€761 | |
| Gross operating margin | 9900 | -€3,216 | €19,450 | +€22,666 | |
| Operating profit (loss) | 9901 | -€14,375 | -€1,863 | +€12,512 | +87.0% |
| Financial income | 75/76B | €2,057 | €342 | -€1,715 | -83.4% |
| Recurring financial income | 75 | €2,057 | €342 | -€1,715 | -83.4% |
| Financial charges | 65/66B | €343 | €8,488 | +€8,146 | +2377.9% |
| Recurring financial charges | 65 | €343 | €8,488 | +€8,146 | +2377.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,660 | -€10,009 | +€2,651 | +20.9% |
| Transfer from deferred taxes | 780 | €815 | €4,558 | +€3,743 | +459.1% |
| Profit (loss) for the period | 9904 | -€11,845 | -€5,451 | +€6,394 | +54.0% |
| Transfer from tax-exempt reserves | 789 | €2,446 | €13,674 | +€11,229 | +459.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,399 | €8,223 | +€17,622 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.