VERBOLIA: 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.
VERBOLIA
Largest movements
- Current investments -€550,000
down €550,000 (-100.0%), from €550,000 to €0
- Receivables within one year +€452,741
up €452,741 (+74.3%), from €609,239 to €1.1m
of which Trade receivables: +€314,345
- Intangible fixed assets +€407,528
up €407,528 (+15.3%), from €2.7m to €3.1m
- Deferred charges and accrued income +€101,074
up €101,074 (+69.4%), from €145,733 to €246,808
- Trade debts +€206,944
up €206,944 (+233.9%), from €88,459 to €295,403
- Current portion of long-term debt +€199,398
up €199,398 (+42.7%), from €466,635 to €666,032
- Accrued charges and deferred income -€181,573
down €181,573 (-10.7%), from €1.7m to €1.5m
- Debts after one year -€163,416
down €163,416 (-8.1%), from €2.0m to €1.9m
- Profit (loss) carried forward +€155,979
up €155,979, from -€19,501 to €136,478
- Gross operating margin +€889,757
up €889,757 (+43.6%), from €2.0m to €2.9m
- Staff costs +€604,473
up €604,473 (+48.1%), from €1.3m to €1.9m
- Other operating charges -€347,227
down €347,227 (-98.2%), from €353,497 to €6,270
- Depreciation +€171,131
up €171,131 (+21.2%), from €808,060 to €979,190
- Taxes -€87,929
down €87,929, from €0 to -€87,929
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 | €4,597,558 | €5,032,560 | +€435,002 | +9.5% |
| Fixed assets | 21/28 | €2,759,288 | €3,165,245 | +€405,957 | +14.7% |
| Intangible fixed assets | 21 | €2,671,860 | €3,079,388 | +€407,528 | +15.3% |
| Tangible fixed assets | 22/27 | €83,627 | €82,056 | -€1,571 | -1.9% |
| Plant, machinery and equipment | 23 | €2,245 | €28,823 | +€26,578 | +1183.9% |
| Furniture and vehicles | 24 | €37,213 | €15,218 | -€21,996 | -59.1% |
| Other tangible fixed assets | 26 | €44,168 | €38,016 | -€6,152 | -13.9% |
| Financial fixed assets | 28 | €3,801 | €3,801 | = | 0.0% |
| Current assets | 29/58 | €1,838,270 | €1,867,314 | +€29,044 | +1.6% |
| Amounts receivable within one year | 40/41 | €609,239 | €1,061,980 | +€452,741 | +74.3% |
| Trade receivables | 40 | €384,241 | €698,586 | +€314,345 | +81.8% |
| Other amounts receivable | 41 | €224,998 | €363,394 | +€138,397 | +61.5% |
| Current investments | 50/53 | €550,000 | €0 | -€550,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €533,297 | €558,526 | +€25,229 | +4.7% |
| Deferred charges and accrued income | 490/1 | €145,733 | €246,808 | +€101,074 | +69.4% |
| Total equity and liabilities | 10/49 | €4,597,558 | €5,032,560 | +€435,002 | +9.5% |
| Equity | 10/15 | €186,599 | €492,578 | +€305,979 | +164.0% |
| Contributions | 10/11 | €206,100 | €356,100 | +€150,000 | +72.8% |
| Profit (loss) carried forward | 14 | -€19,501 | €136,478 | +€155,979 | |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €4,410,958 | €4,539,981 | +€129,023 | +2.9% |
| Amounts payable after more than one year | 17 | €2,027,758 | €1,864,342 | -€163,416 | -8.1% |
| Financial debts | 170/4 | €2,027,758 | €1,864,342 | -€163,416 | -8.1% |
| Amounts payable within one year | 42/48 | €693,694 | €1,167,705 | +€474,011 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €466,635 | €666,032 | +€199,398 | +42.7% |
| Trade debts | 44 | €88,459 | €295,403 | +€206,944 | +233.9% |
| Suppliers | 440/4 | €88,459 | €295,403 | +€206,944 | +233.9% |
| Taxes, remuneration and social security | 45 | €138,600 | €206,270 | +€67,669 | +48.8% |
| Taxes | 450/3 | €0 | €0 | +€0 | |
| Remuneration and social security | 454/9 | €138,600 | €206,269 | +€67,669 | +48.8% |
| Accrued charges and deferred income | 492/3 | €1,689,507 | €1,507,934 | -€181,573 | -10.7% |
| Remuneration, social security and pensions | 62 | €1,255,565 | €1,860,037 | +€604,473 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808,060 | €979,190 | +€171,131 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,488 | €0 | -€2,488 | -100.0% |
| Other operating charges | 640/8 | €353,497 | €6,270 | -€347,227 | -98.2% |
| Gross operating margin | 9900 | €2,039,554 | €2,929,310 | +€889,757 | +43.6% |
| Operating profit (loss) | 9901 | -€380,056 | €83,812 | +€463,868 | |
| Financial income | 75/76B | €50,923 | €63,915 | +€12,992 | +25.5% |
| Recurring financial income | 75 | €50,923 | €63,915 | +€12,992 | +25.5% |
| Financial charges | 65/66B | €99,646 | €79,678 | -€19,969 | -20.0% |
| Recurring financial charges | 65 | €99,646 | €79,678 | -€19,969 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€428,779 | €68,050 | +€496,829 | |
| Income taxes | 67/77 | €0 | -€87,929 | -€87,929 | |
| Profit (loss) for the period | 9904 | -€428,779 | €155,979 | +€584,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€428,779 | €155,979 | +€584,758 |
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.