VERBOTECH: 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.
VERBOTECH
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets +€29,572
up €29,572 (+39.3%), from €75,179 to €104,751
of which Furniture and vehicles: +€36,978
- Receivables within one year +€11,949
up €11,949 (+153.1%), from €7,804 to €19,754
of which Trade receivables: +€12,837
- Cash +€8,121
up €8,121 (+22.2%), from €36,587 to €44,708
mainly Net result for the year (+€49,803) and Depreciation (+€49,702)
- Intangible fixed assets -€6,500
down €6,500 (-11.8%), from €55,027 to €48,527
- Reserves +€49,803
up €49,803 (+480.7%), from €10,360 to €60,163
- Debts after one year +€30,092
up €30,092 (+184.3%), from €16,325 to €46,418
- Short-term financial debts +€8,485
new in 2025: €8,485
- Current portion of long-term debt +€7,741
up €7,741 (+36.7%), from €21,087 to €28,828
- Tax, wage and social debts +€3,763
up €3,763 (+115.8%), from €3,250 to €7,013
- Gross operating margin +€49,004
up €49,004 (+58.2%), from €84,143 to €133,148
- Taxes +€21,937
up €21,937 (+376.3%), from €5,829 to €27,766
- Depreciation -€9,101
down €9,101 (-15.5%), from €58,803 to €49,702
- Financial charges -€4,465
down €4,465 (-44.9%), from €9,945 to €5,480
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 | €176,391 | €271,473 | +€95,081 | +53.9% |
| Fixed assets | 21/28 | €130,206 | €153,278 | +€23,072 | +17.7% |
| Intangible fixed assets | 21 | €55,027 | €48,527 | -€6,500 | -11.8% |
| Tangible fixed assets | 22/27 | €75,179 | €104,751 | +€29,572 | +39.3% |
| Plant, machinery and equipment | 23 | €15,727 | €8,321 | -€7,406 | -47.1% |
| Furniture and vehicles | 24 | €59,452 | €96,430 | +€36,978 | +62.2% |
| Current assets | 29/58 | €46,185 | €118,194 | +€72,009 | +155.9% |
| Amounts receivable within one year | 40/41 | €7,804 | €19,754 | +€11,949 | +153.1% |
| Trade receivables | 40 | €1,898 | €14,735 | +€12,837 | +676.2% |
| Other amounts receivable | 41 | €5,906 | €5,018 | -€888 | -15.0% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €36,587 | €44,708 | +€8,121 | +22.2% |
| Deferred charges and accrued income | 490/1 | €1,793 | €3,732 | +€1,939 | +108.1% |
| Total equity and liabilities | 10/49 | €176,391 | €271,473 | +€95,081 | +53.9% |
| Equity | 10/15 | €27,886 | €77,689 | +€49,803 | +178.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,360 | €60,163 | +€49,803 | +480.7% |
| Distributable reserves | 133 | €10,360 | €60,163 | +€49,803 | +480.7% |
| Profit (loss) carried forward | 14 | -€1,074 | -€1,074 | = | 0.0% |
| Amounts payable | 17/49 | €148,505 | €193,784 | +€45,278 | +30.5% |
| Amounts payable after more than one year | 17 | €16,325 | €46,418 | +€30,092 | +184.3% |
| Financial debts | 170/4 | €16,325 | €46,418 | +€30,092 | +184.3% |
| Amounts payable within one year | 42/48 | €132,180 | €147,366 | +€15,186 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €21,087 | €28,828 | +€7,741 | +36.7% |
| Financial debts | 43 | - | €8,485 | +€8,485 | |
| Credit institutions | 430/8 | - | €8,485 | +€8,485 | |
| Trade debts | 44 | €4,799 | €3,378 | -€1,421 | -29.6% |
| Suppliers | 440/4 | €4,799 | €3,378 | -€1,421 | -29.6% |
| Taxes, remuneration and social security | 45 | €3,250 | €7,013 | +€3,763 | +115.8% |
| Taxes | 450/3 | €3,250 | €7,013 | +€3,763 | +115.8% |
| Other amounts payable | 47/48 | €103,044 | €99,662 | -€3,382 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,803 | €49,702 | -€9,101 | -15.5% |
| Other operating charges | 640/8 | €1,066 | €830 | -€236 | -22.1% |
| Gross operating margin | 9900 | €84,143 | €133,148 | +€49,004 | +58.2% |
| Operating profit (loss) | 9901 | €24,275 | €82,616 | +€58,341 | +240.3% |
| Financial income | 75/76B | €0 | €434 | +€434 | +1086125.0% |
| Recurring financial income | 75 | €0 | €434 | +€434 | +1086125.0% |
| Financial charges | 65/66B | €9,945 | €5,480 | -€4,465 | -44.9% |
| Recurring financial charges | 65 | €9,945 | €5,480 | -€4,465 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €14,329 | €77,570 | +€63,241 | +441.3% |
| Income taxes | 67/77 | €5,829 | €27,766 | +€21,937 | +376.3% |
| Profit (loss) for the period | 9904 | €8,500 | €49,803 | +€41,304 | +485.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,500 | €49,803 | +€41,304 | +485.9% |
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 12 October 2026 via checked.be.