Verbotek: 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.
Verbotek
Largest movements
- Cash +€48,223
up €48,223 (+69.5%), from €69,409 to €117,632
mainly Other debts (+€37,720) and Net result for the year (+€37,012)
- Receivables within one year -€4,639
down €4,639 (-24.7%), from €18,793 to €14,154
of which Other amounts receivable: -€3,198
- Deferred charges and accrued income -€1,936
down €1,936 (-28.6%), from €6,780 to €4,844
- Other debts +€37,720
new in 2025: €37,720
- Tax, wage and social debts +€3,091
up €3,091 (+29.7%), from €10,394 to €13,485
- Gross operating margin +€15,237
up €15,237 (+32.9%), from €46,295 to €61,532
- Taxes +€7,529
up €7,529 (+61.7%), from €12,209 to €19,738
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 | €105,571 | €147,034 | +€41,463 | +39.3% |
| Fixed assets | 21/28 | €10,590 | €10,404 | -€186 | -1.8% |
| Tangible fixed assets | 22/27 | €10,590 | €10,404 | -€186 | -1.8% |
| Plant, machinery and equipment | 23 | €458 | €229 | -€229 | -50.1% |
| Furniture and vehicles | 24 | €10,132 | €10,176 | +€43 | +0.4% |
| Current assets | 29/58 | €94,981 | €136,630 | +€41,649 | +43.8% |
| Amounts receivable within one year | 40/41 | €18,793 | €14,154 | -€4,639 | -24.7% |
| Trade receivables | 40 | €13,271 | €11,830 | -€1,441 | -10.9% |
| Other amounts receivable | 41 | €5,522 | €2,324 | -€3,198 | -57.9% |
| Cash at bank and in hand | 54/58 | €69,409 | €117,632 | +€48,223 | +69.5% |
| Deferred charges and accrued income | 490/1 | €6,780 | €4,844 | -€1,936 | -28.6% |
| Total equity and liabilities | 10/49 | €105,571 | €147,034 | +€41,463 | +39.3% |
| Equity | 10/15 | €95,114 | €94,406 | -€708 | -0.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €93,114 | €92,406 | -€708 | -0.8% |
| Distributable reserves | 133 | €93,114 | €92,406 | -€708 | -0.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,457 | €52,628 | +€42,171 | +403.3% |
| Amounts payable within one year | 42/48 | €10,457 | €52,628 | +€42,171 | +403.3% |
| Trade debts | 44 | €63 | €1,423 | +€1,360 | +2158.6% |
| Suppliers | 440/4 | €63 | €1,423 | +€1,360 | +2158.6% |
| Taxes, remuneration and social security | 45 | €10,394 | €13,485 | +€3,091 | +29.7% |
| Taxes | 450/3 | €10,394 | €13,485 | +€3,091 | +29.7% |
| Other amounts payable | 47/48 | - | €37,720 | +€37,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €2,770 | -€193 | -6.5% |
| Other operating charges | 640/8 | €773 | €1,018 | +€244 | +31.6% |
| Non-recurring operating charges | 66A | - | €875 | +€875 | |
| Gross operating margin | 9900 | €46,295 | €61,532 | +€15,237 | +32.9% |
| Operating profit (loss) | 9901 | €42,559 | €56,869 | +€14,310 | +33.6% |
| Financial income | 75/76B | €171 | €282 | +€112 | +65.4% |
| Recurring financial income | 75 | €171 | €282 | +€112 | +65.4% |
| Financial charges | 65/66B | €455 | €401 | -€55 | -12.0% |
| Recurring financial charges | 65 | €455 | €401 | -€55 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €42,274 | €56,750 | +€14,476 | +34.2% |
| Income taxes | 67/77 | €12,209 | €19,738 | +€7,529 | +61.7% |
| Profit (loss) for the period | 9904 | €30,065 | €37,012 | +€6,947 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,065 | €37,012 | +€6,947 | +23.1% |
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 6 October 2026 via checked.be.