VERBOVEN: 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.
VERBOVEN
Largest movements
- Stocks and contracts +€8,423
up €8,423 (+25.0%), from €33,650 to €42,073
- Cash +€2,947
up €2,947 (+15.4%), from €19,158 to €22,105
mainly Net result for the year (+€13,625) and Depreciation (+€441)
- Profit (loss) carried forward +€13,625
up €13,625 (+36.6%), from -€37,244 to -€23,619
- Other debts -€1,693
down €1,693 (-2.7%), from €63,145 to €61,452
- Gross operating margin +€10,250
up €10,250 (+181%), from €5,655 to €15,905
- Depreciation -€161
down €161 (-26.7%), from €602 to €441
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 | €55,833 | €66,813 | +€10,980 | +19.7% |
| Fixed assets | 21/28 | €441 | - | -€441 | |
| Tangible fixed assets | 22/27 | €441 | - | -€441 | |
| Land and buildings | 22 | €441 | - | -€441 | |
| Current assets | 29/58 | €55,392 | €66,813 | +€11,421 | +20.6% |
| Stocks and contracts in progress | 3 | €33,650 | €42,073 | +€8,423 | +25.0% |
| Stocks | 30/36 | €33,650 | €42,073 | +€8,423 | +25.0% |
| Cash at bank and in hand | 54/58 | €19,158 | €22,105 | +€2,947 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,584 | €2,635 | +€51 | +2.0% |
| Total equity and liabilities | 10/49 | €55,833 | €66,813 | +€10,980 | +19.7% |
| Equity | 10/15 | -€16,793 | -€3,168 | +€13,625 | +81.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,244 | -€23,619 | +€13,625 | +36.6% |
| Amounts payable | 17/49 | €72,626 | €69,981 | -€2,645 | -3.6% |
| Amounts payable within one year | 42/48 | €72,626 | €69,981 | -€2,645 | -3.6% |
| Trade debts | 44 | €4,255 | €3,840 | -€415 | -9.8% |
| Suppliers | 440/4 | €4,255 | €3,840 | -€415 | -9.8% |
| Taxes, remuneration and social security | 45 | €5,226 | €4,689 | -€537 | -10.3% |
| Taxes | 450/3 | €5,226 | €4,689 | -€537 | -10.3% |
| Other amounts payable | 47/48 | €63,145 | €61,452 | -€1,693 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €441 | -€161 | -26.7% |
| Other operating charges | 640/8 | €1,425 | €1,367 | -€58 | -4.1% |
| Gross operating margin | 9900 | €5,655 | €15,905 | +€10,250 | +181% |
| Operating profit (loss) | 9901 | €3,628 | €14,097 | +€10,469 | +289% |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.7% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €3,490 | €13,947 | +€10,457 | +300% |
| Income taxes | 67/77 | €244 | €322 | +€78 | +32.0% |
| Profit (loss) for the period | 9904 | €3,246 | €13,625 | +€10,379 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €3,246 | €13,625 | +€10,379 | +320% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.