Verborgt-Verborgt: 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.
Verborgt-Verborgt
Largest movements
- Cash +€91,518
up €91,518 (+249%), from €36,701 to €128,219
mainly Net result for the year (+€123,629) and Tax, wage and social debts (+€50,632)
- Tangible fixed assets +€29,196
up €29,196 (+483%), from €6,047 to €35,243
- Receivables within one year +€24,018
up €24,018 (+306%), from €7,841 to €31,858
of which Trade receivables: +€16,423
- Tax, wage and social debts +€50,632
up €50,632 (+2,697%), from €1,878 to €52,509
- Other debts +€36,764
up €36,764 (+114%), from €32,356 to €69,121
- Profit (loss) carried forward +€24,669
no longer reported in 2025 (was -€24,669)
- Debts after one year +€24,434
new in 2025: €24,434
- Current portion of long-term debt +€7,114
new in 2025: €7,114
- Gross operating margin +€131,700
up €131,700 (+582%), from €22,646 to €154,347
- Taxes +€20,925
new in 2025: €20,925
- Depreciation +€6,981
up €6,981 (+780%), from €895 to €7,876
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 | €50,628 | €195,537 | +€144,908 | +286% |
| Fixed assets | 21/28 | €6,047 | €35,243 | +€29,196 | +483% |
| Tangible fixed assets | 22/27 | €6,047 | €35,243 | +€29,196 | +483% |
| Furniture and vehicles | 24 | €6,047 | €35,243 | +€29,196 | +483% |
| Current assets | 29/58 | €44,581 | €160,293 | +€115,712 | +260% |
| Amounts receivable within one year | 40/41 | €7,841 | €31,858 | +€24,018 | +306% |
| Trade receivables | 40 | €7,841 | €24,264 | +€16,423 | +209% |
| Other amounts receivable | 41 | - | €7,595 | +€7,595 | |
| Cash at bank and in hand | 54/58 | €36,701 | €128,219 | +€91,518 | +249% |
| Deferred charges and accrued income | 490/1 | €40 | €216 | +€176 | +443% |
| Total equity and liabilities | 10/49 | €50,628 | €195,537 | +€144,908 | +286% |
| Equity | 10/15 | €13,711 | €38,596 | +€24,885 | +181% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €19,831 | €20,046 | +€216 | +1.1% |
| Distributable reserves | 133 | €19,831 | €20,046 | +€216 | +1.1% |
| Profit (loss) carried forward | 14 | -€24,669 | - | +€24,669 | |
| Amounts payable | 17/49 | €36,917 | €156,940 | +€120,023 | +325% |
| Amounts payable after more than one year | 17 | - | €24,434 | +€24,434 | |
| Financial debts | 170/4 | - | €24,434 | +€24,434 | |
| Amounts payable within one year | 42/48 | €36,917 | €132,506 | +€95,589 | +259% |
| Current portion of amounts payable after more than one year | 42 | - | €7,114 | +€7,114 | |
| Trade debts | 44 | €2,683 | €3,763 | +€1,080 | +40.2% |
| Suppliers | 440/4 | €2,683 | €3,763 | +€1,080 | +40.2% |
| Taxes, remuneration and social security | 45 | €1,878 | €52,509 | +€50,632 | +2,697% |
| Taxes | 450/3 | €1,878 | €52,509 | +€50,632 | +2,697% |
| Other amounts payable | 47/48 | €32,356 | €69,121 | +€36,764 | +114% |
| Non-recurring operating income | 76A | - | €144,001 | +€144,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €7,876 | +€6,981 | +780% |
| Other operating charges | 640/8 | €505 | €743 | +€238 | +47.1% |
| Gross operating margin | 9900 | €22,646 | €154,347 | +€131,700 | +582% |
| Operating profit (loss) | 9901 | €21,246 | €145,727 | +€124,481 | +586% |
| Financial income | 75/76B | €0 | €206 | +€206 | +1,028,850% |
| Recurring financial income | 75 | €0 | €206 | +€206 | +1,028,850% |
| Financial charges | 65/66B | €54 | €1,380 | +€1,325 | +2,440% |
| Recurring financial charges | 65 | €54 | €1,380 | +€1,325 | +2,440% |
| Profit (loss) for the period before taxes | 9903 | €21,192 | €144,553 | +€123,362 | +582% |
| Income taxes | 67/77 | - | €20,925 | +€20,925 | |
| Profit (loss) for the period | 9904 | €21,192 | €123,629 | +€102,437 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €21,192 | €123,629 | +€102,437 | +483% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.