VERBOFAR: 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.
VERBOFAR
Largest movements
- Cash +€24,835
up €24,835 (+80.1%), from €30,994 to €55,828
mainly Depreciation (+€31,307) and Net result for the year (+€30,063)
- Tangible fixed assets -€20,102
down €20,102 (-5.8%), from €348,049 to €327,947
of which Land and buildings: -€10,427
- Current investments -€12,000
no longer reported in 2025 (was €12,000)
- Reserves +€29,203
up €29,203 (+8.9%), from €328,585 to €357,788
of which Distributable reserves: +€29,203
- Debts after one year -€23,440
down €23,440 (-20.0%), from €117,069 to €93,629
- Short-term financial debts -€16,670
no longer reported in 2025 (was €16,670)
- Trade debts +€11,222
up €11,222 (+36.1%), from €31,048 to €42,269
- Tax, wage and social debts -€7,852
down €7,852 (-70.8%), from €11,091 to €3,239
of which Remuneration and social security: -€7,434
- Gross operating margin -€36,492
down €36,492 (-30.1%), from €121,190 to €84,698
- Staff costs -€32,877
down €32,877 (-71.7%), from €45,864 to €12,987
- Depreciation +€4,937
up €4,937 (+18.7%), from €26,371 to €31,307
- Other operating charges -€3,776
down €3,776 (-55.0%), from €6,871 to €3,094
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 | €553,780 | €548,560 | -€5,220 | -0.9% |
| Fixed assets | 21/28 | €348,049 | €330,276 | -€17,773 | -5.1% |
| Intangible fixed assets | 21 | - | €2,329 | +€2,329 | |
| Tangible fixed assets | 22/27 | €348,049 | €327,947 | -€20,102 | -5.8% |
| Land and buildings | 22 | €248,756 | €238,329 | -€10,427 | -4.2% |
| Plant, machinery and equipment | 23 | €45,644 | €46,165 | +€520 | +1.1% |
| Furniture and vehicles | 24 | €53,649 | €43,453 | -€10,196 | -19.0% |
| Current assets | 29/58 | €205,731 | €218,283 | +€12,553 | +6.1% |
| Stocks and contracts in progress | 3 | €128,676 | €125,814 | -€2,862 | -2.2% |
| Stocks | 30/36 | €128,676 | €125,814 | -€2,862 | -2.2% |
| Amounts receivable within one year | 40/41 | €31,983 | €33,692 | +€1,708 | +5.3% |
| Trade receivables | 40 | €31,443 | €33,692 | +€2,249 | +7.2% |
| Other amounts receivable | 41 | €541 | - | -€541 | |
| Current investments | 50/53 | €12,000 | - | -€12,000 | |
| Cash at bank and in hand | 54/58 | €30,994 | €55,828 | +€24,835 | +80.1% |
| Deferred charges and accrued income | 490/1 | €2,078 | €2,949 | +€872 | +42.0% |
| Total equity and liabilities | 10/49 | €553,780 | €548,560 | -€5,220 | -0.9% |
| Equity | 10/15 | €348,585 | €377,788 | +€29,203 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €328,585 | €357,788 | +€29,203 | +8.9% |
| Tax-exempt reserves | 132 | €8,009 | €8,009 | = | 0.0% |
| Distributable reserves | 133 | €320,576 | €349,778 | +€29,203 | +9.1% |
| Amounts payable | 17/49 | €205,194 | €170,772 | -€34,423 | -16.8% |
| Amounts payable after more than one year | 17 | €117,069 | €93,629 | -€23,440 | -20.0% |
| Financial debts | 170/4 | €117,069 | €93,629 | -€23,440 | -20.0% |
| Amounts payable within one year | 42/48 | €88,125 | €77,143 | -€10,983 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €23,025 | €25,374 | +€2,350 | +10.2% |
| Financial debts | 43 | €16,670 | - | -€16,670 | |
| Credit institutions | 430/8 | €16,670 | - | -€16,670 | |
| Trade debts | 44 | €31,048 | €42,269 | +€11,222 | +36.1% |
| Suppliers | 440/4 | €31,048 | €42,269 | +€11,222 | +36.1% |
| Taxes, remuneration and social security | 45 | €11,091 | €3,239 | -€7,852 | -70.8% |
| Taxes | 450/3 | €3,657 | €3,239 | -€418 | -11.4% |
| Remuneration and social security | 454/9 | €7,434 | - | -€7,434 | |
| Other amounts payable | 47/48 | €6,293 | €6,260 | -€32 | -0.5% |
| Remuneration, social security and pensions | 62 | €45,864 | €12,987 | -€32,877 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,371 | €31,307 | +€4,937 | +18.7% |
| Other operating charges | 640/8 | €6,871 | €3,094 | -€3,776 | -55.0% |
| Gross operating margin | 9900 | €121,190 | €84,698 | -€36,492 | -30.1% |
| Operating profit (loss) | 9901 | €42,084 | €37,309 | -€4,776 | -11.3% |
| Financial income | 75/76B | €765 | €166 | -€599 | -78.3% |
| Recurring financial income | 75 | €765 | €166 | -€599 | -78.3% |
| Financial charges | 65/66B | €4,612 | €4,214 | -€398 | -8.6% |
| Recurring financial charges | 65 | €4,612 | €4,214 | -€398 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €38,237 | €33,261 | -€4,976 | -13.0% |
| Income taxes | 67/77 | €3,674 | €3,198 | -€476 | -13.0% |
| Profit (loss) for the period | 9904 | €34,563 | €30,063 | -€4,500 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,563 | €30,063 | -€4,500 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.