VERBOCO: 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.
VERBOCO
Largest movements
- Cash -€59,817
down €59,817 (-46.3%), from €129,287 to €69,470
mainly Current investments (-€50,000) and Investment in fixed assets (net) (-€8,833)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets +€7,662
new in 2025: €7,662
- Receivables within one year -€2,315
down €2,315 (-4.1%), from €57,022 to €54,707
- Reserves -€4,470
down €4,470 (-2.7%), from €167,568 to €163,098
- Depreciation +€1,171
new in 2025: €1,171
- Financial income -€550
down €550 (-64.8%), from €848 to €298
- Gross operating margin +€454
up €454 (+12.2%), from -€3,719 to -€3,265
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 | €186,309 | €181,839 | -€4,470 | -2.4% |
| Fixed assets | 21/28 | - | €7,662 | +€7,662 | |
| Tangible fixed assets | 22/27 | - | €7,662 | +€7,662 | |
| Furniture and vehicles | 24 | - | €7,662 | +€7,662 | |
| Current assets | 29/58 | €186,309 | €174,177 | -€12,132 | -6.5% |
| Amounts receivable within one year | 40/41 | €57,022 | €54,707 | -€2,315 | -4.1% |
| Other amounts receivable | 41 | €57,022 | €54,707 | -€2,315 | -4.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €129,287 | €69,470 | -€59,817 | -46.3% |
| Total equity and liabilities | 10/49 | €186,309 | €181,839 | -€4,470 | -2.4% |
| Equity | 10/15 | €186,309 | €181,839 | -€4,470 | -2.4% |
| Contributions | 10/11 | €18,741 | €18,741 | = | 0.0% |
| Reserves | 13 | €167,568 | €163,098 | -€4,470 | -2.7% |
| Distributable reserves | 133 | €167,568 | €163,098 | -€4,470 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,171 | +€1,171 | |
| Other operating charges | 640/8 | €180 | €184 | +€5 | +2.6% |
| Gross operating margin | 9900 | -€3,719 | -€3,265 | +€454 | +12.2% |
| Operating profit (loss) | 9901 | -€3,899 | -€4,620 | -€721 | -18.5% |
| Financial income | 75/76B | €848 | €298 | -€550 | -64.8% |
| Recurring financial income | 75 | €848 | €298 | -€550 | -64.8% |
| Financial charges | 65/66B | €162 | €148 | -€14 | -8.6% |
| Recurring financial charges | 65 | €162 | €148 | -€14 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,213 | -€4,470 | -€1,257 | -39.1% |
| Profit (loss) for the period | 9904 | -€3,213 | -€4,470 | -€1,257 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,213 | -€4,470 | -€1,257 | -39.1% |
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 5 October 2026 via checked.be.