VERBO QUERCUS: 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.
VERBO QUERCUS
Largest movements
- Receivables after one year -€408,200
no longer reported in 2025 (was €408,200)
- Receivables within one year +€144,380
up €144,380 (+32.4%), from €445,329 to €589,709
of which Other amounts receivable: +€303,400
- Tangible fixed assets +€78,470
up €78,470 (+6.3%), from €1.2m to €1.3m
of which Furniture and vehicles: +€39,849
- Cash +€58,600
up €58,600 (+23.7%), from €247,419 to €306,019
mainly Receivables after one year (+€408,200) and Other debts (+€315,780)
- Debts after one year -€400,000
no longer reported in 2025 (was €400,000)
- Other debts +€315,780
up €315,780 (+686%), from €46,050 to €361,831
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Reserves -€96,344
down €96,344 (-9.9%), from €971,659 to €875,316
of which Distributable reserves: -€96,344
- Tax, wage and social debts -€32,029
down €32,029 (-59.2%), from €54,089 to €22,060
- Financial charges -€350,335
down €350,335 (-81.7%), from €428,934 to €78,599
of which Non-recurring financial charges: -€200,000
- Financial income -€249,457
down €249,457 (-99.8%), from €250,000 to €543
- Taxes +€36,000
up €36,000 (+88.7%), from €40,567 to €76,566
- Gross operating margin +€14,259
up €14,259 (+3.3%), from €427,027 to €441,286
- Depreciation +€9,964
up €9,964 (+15.3%), from €65,170 to €75,134
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 | €2,491,771 | €2,366,270 | -€125,501 | -5.0% |
| Fixed assets | 21/28 | €1,390,823 | €1,469,293 | +€78,470 | +5.6% |
| Tangible fixed assets | 22/27 | €1,240,823 | €1,319,293 | +€78,470 | +6.3% |
| Land and buildings | 22 | €1,217,043 | €1,255,664 | +€38,621 | +3.2% |
| Furniture and vehicles | 24 | €23,781 | €63,629 | +€39,849 | +168% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €1,100,948 | €896,977 | -€203,971 | -18.5% |
| Amounts receivable after more than one year | 29 | €408,200 | - | -€408,200 | |
| Other amounts receivable | 291 | €408,200 | - | -€408,200 | |
| Amounts receivable within one year | 40/41 | €445,329 | €589,709 | +€144,380 | +32.4% |
| Trade receivables | 40 | €189,032 | €30,012 | -€159,020 | -84.1% |
| Other amounts receivable | 41 | €256,297 | €559,697 | +€303,400 | +118% |
| Cash at bank and in hand | 54/58 | €247,419 | €306,019 | +€58,600 | +23.7% |
| Deferred charges and accrued income | 490/1 | - | €1,249 | +€1,249 | |
| Total equity and liabilities | 10/49 | €2,491,771 | €2,366,270 | -€125,501 | -5.0% |
| Equity | 10/15 | €1,036,567 | €940,223 | -€96,344 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €971,659 | €875,316 | -€96,344 | -9.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €969,799 | €873,456 | -€96,344 | -9.9% |
| Profit (loss) carried forward | 14 | €46,308 | €46,308 | = | 0.0% |
| Provisions and deferred taxes | 16 | €922,400 | €925,166 | +€2,766 | +0.3% |
| Provisions for liabilities and charges | 160/5 | €922,400 | €925,166 | +€2,766 | +0.3% |
| Other liabilities and charges | 164/5 | €922,400 | €925,166 | +€2,766 | +0.3% |
| Amounts payable | 17/49 | €532,804 | €500,881 | -€31,923 | -6.0% |
| Amounts payable after more than one year | 17 | €400,000 | - | -€400,000 | |
| Financial debts | 170/4 | €400,000 | - | -€400,000 | |
| Amounts payable within one year | 42/48 | €110,312 | €494,167 | +€383,855 | +348% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €10,172 | €10,277 | +€104 | +1.0% |
| Suppliers | 440/4 | €10,172 | €10,277 | +€104 | +1.0% |
| Taxes, remuneration and social security | 45 | €54,089 | €22,060 | -€32,029 | -59.2% |
| Taxes | 450/3 | €54,089 | €22,060 | -€32,029 | -59.2% |
| Other amounts payable | 47/48 | €46,050 | €361,831 | +€315,780 | +686% |
| Accrued charges and deferred income | 492/3 | €22,492 | €6,714 | -€15,778 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,170 | €75,134 | +€9,964 | +15.3% |
| Other operating charges | 640/8 | €7,557 | €7,874 | +€317 | +4.2% |
| Gross operating margin | 9900 | €427,027 | €441,286 | +€14,259 | +3.3% |
| Operating profit (loss) | 9901 | €354,300 | €358,278 | +€3,978 | +1.1% |
| Financial income | 75/76B | €250,000 | €543 | -€249,457 | -99.8% |
| Recurring financial income | 75 | €250,000 | €543 | -€249,457 | -99.8% |
| Financial charges | 65/66B | €428,934 | €78,599 | -€350,335 | -81.7% |
| Recurring financial charges | 65 | €228,934 | €78,599 | -€150,335 | -65.7% |
| Non-recurring financial charges | 66B | €200,000 | - | -€200,000 | |
| Profit (loss) for the period before taxes | 9903 | €175,366 | €280,222 | +€104,856 | +59.8% |
| Income taxes | 67/77 | €40,567 | €76,566 | +€36,000 | +88.7% |
| Profit (loss) for the period | 9904 | €134,799 | €203,656 | +€68,857 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,799 | €203,656 | +€68,857 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.