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 -€56,117
down €56,117 (-10.5%), from €536,337 to €480,219
of which Land and buildings: -€57,277
- Cash -€14,171
down €14,171 (-21.9%), from €64,602 to €50,431
mainly Debts after one year (-€88,800) and Other debts (-€29,602)
- Stocks and contracts -€9,000
down €9,000 (-25.6%), from €35,140 to €26,140
- Debts after one year -€88,800
down €88,800 (-59.4%), from €149,602 to €60,802
- Profit (loss) carried forward +€46,031
up €46,031 (+686.8%), from €6,702 to €52,734
- Other debts -€29,602
down €29,602 (-14.8%), from €200,510 to €170,908
- Current portion of long-term debt -€21,697
down €21,697 (-53.7%), from €40,373 to €18,676
- Tax, wage and social debts +€11,038
up €11,038 (+64.6%), from €17,094 to €28,132
of which Taxes: +€11,240
- Gross operating margin +€22,402
up €22,402 (+10.3%), from €217,186 to €239,589
- Taxes +€14,564
up €14,564 (+7391.0%), from €197 to €14,761
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 | €647,395 | €567,522 | -€79,873 | -12.3% |
| Fixed assets | 21/28 | €536,337 | €480,219 | -€56,117 | -10.5% |
| Tangible fixed assets | 22/27 | €536,337 | €480,219 | -€56,117 | -10.5% |
| Land and buildings | 22 | €527,853 | €470,576 | -€57,277 | -10.9% |
| Plant, machinery and equipment | 23 | €8,484 | €9,643 | +€1,160 | +13.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €111,059 | €87,303 | -€23,756 | -21.4% |
| Stocks and contracts in progress | 3 | €35,140 | €26,140 | -€9,000 | -25.6% |
| Stocks | 30/36 | €35,140 | €26,140 | -€9,000 | -25.6% |
| Amounts receivable within one year | 40/41 | €9,905 | €8,812 | -€1,093 | -11.0% |
| Trade receivables | 40 | €209 | €1,502 | +€1,294 | +620.4% |
| Other amounts receivable | 41 | €9,696 | €7,309 | -€2,387 | -24.6% |
| Cash at bank and in hand | 54/58 | €64,602 | €50,431 | -€14,171 | -21.9% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,921 | +€509 | +36.1% |
| Total equity and liabilities | 10/49 | €647,395 | €567,522 | -€79,873 | -12.3% |
| Equity | 10/15 | €204,803 | €250,834 | +€46,031 | +22.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €48,100 | €48,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €0 | -€15,000 | -100.0% |
| Reserves not available under the articles | 1311 | €15,000 | €0 | -€15,000 | -100.0% |
| Distributable reserves | 133 | €33,100 | €48,100 | +€15,000 | +45.3% |
| Profit (loss) carried forward | 14 | €6,702 | €52,734 | +€46,031 | +686.8% |
| Amounts payable | 17/49 | €442,593 | €316,688 | -€125,904 | -28.4% |
| Amounts payable after more than one year | 17 | €149,602 | €60,802 | -€88,800 | -59.4% |
| Financial debts | 170/4 | €149,602 | €60,802 | -€88,800 | -59.4% |
| Amounts payable within one year | 42/48 | €285,500 | €247,420 | -€38,080 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €40,373 | €18,676 | -€21,697 | -53.7% |
| Trade debts | 44 | €27,524 | €29,705 | +€2,181 | +7.9% |
| Suppliers | 440/4 | €27,524 | €29,705 | +€2,181 | +7.9% |
| Taxes, remuneration and social security | 45 | €17,094 | €28,132 | +€11,038 | +64.6% |
| Taxes | 450/3 | €4,468 | €15,708 | +€11,240 | +251.6% |
| Remuneration and social security | 454/9 | €12,626 | €12,424 | -€202 | -1.6% |
| Other amounts payable | 47/48 | €200,510 | €170,908 | -€29,602 | -14.8% |
| Accrued charges and deferred income | 492/3 | €7,491 | €8,466 | +€975 | +13.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €96,205 | €97,327 | +€1,122 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,876 | €69,908 | -€1,968 | -2.7% |
| Other operating charges | 640/8 | €2,623 | €2,652 | +€29 | +1.1% |
| Gross operating margin | 9900 | €217,186 | €239,589 | +€22,402 | +10.3% |
| Operating profit (loss) | 9901 | €46,481 | €69,701 | +€23,220 | +50.0% |
| Financial income | 75/76B | €49 | €47 | -€2 | -3.9% |
| Recurring financial income | 75 | €49 | €47 | -€2 | -3.9% |
| Financial charges | 65/66B | €8,401 | €8,956 | +€555 | +6.6% |
| Recurring financial charges | 65 | €8,401 | €8,956 | +€555 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €38,129 | €60,792 | +€22,663 | +59.4% |
| Income taxes | 67/77 | €197 | €14,761 | +€14,564 | +7391.0% |
| Profit (loss) for the period | 9904 | €37,932 | €46,031 | +€8,099 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,932 | €46,031 | +€8,099 | +21.4% |
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.