VERBOX: 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.
VERBOX
Largest movements
- Tangible fixed assets -€49,647
down €49,647 (-11.0%), from €450,176 to €400,529
of which Land and buildings: -€30,471
- Cash +€30,554
up €30,554 (+23.5%), from €129,767 to €160,321
mainly Depreciation (+€49,647) and Net result for the year (+€38,906)
- Trade debts -€38,918
down €38,918 (-97.7%), from €39,837 to €919
- Profit (loss) carried forward +€38,906
up €38,906 (+148.8%), from €26,150 to €65,056
- Short-term financial debts -€18,540
down €18,540 (-24.5%), from €75,705 to €57,165
- Gross operating margin +€38,826
up €38,826 (+54.3%), from €71,536 to €110,362
- Taxes -€5,841
down €5,841 (-58.5%), from €9,981 to €4,140
- Depreciation +€3,293
up €3,293 (+7.1%), from €46,354 to €49,647
- Financial charges -€1,916
down €1,916 (-33.7%), from €5,681 to €3,765
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 | €593,338 | €576,285 | -€17,053 | -2.9% |
| Fixed assets | 21/28 | €450,254 | €400,607 | -€49,647 | -11.0% |
| Tangible fixed assets | 22/27 | €450,176 | €400,529 | -€49,647 | -11.0% |
| Land and buildings | 22 | €307,949 | €277,478 | -€30,471 | -9.9% |
| Plant, machinery and equipment | 23 | €142,227 | €123,051 | -€19,176 | -13.5% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €143,084 | €175,678 | +€32,594 | +22.8% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €817 | €2,857 | +€2,040 | +249.7% |
| Trade receivables | 40 | €666 | €2,857 | +€2,191 | +329.0% |
| Other amounts receivable | 41 | €151 | - | -€151 | |
| Cash at bank and in hand | 54/58 | €129,767 | €160,321 | +€30,554 | +23.5% |
| Total equity and liabilities | 10/49 | €593,338 | €576,285 | -€17,053 | -2.9% |
| Equity | 10/15 | €446,044 | €484,950 | +€38,906 | +8.7% |
| Contributions | 10/11 | €65,692 | €65,692 | = | 0.0% |
| Capital | 10 | €65,692 | €65,692 | = | 0.0% |
| Issued capital | 100 | €65,692 | €65,692 | = | 0.0% |
| Reserves | 13 | €354,202 | €354,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,569 | €6,569 | = | 0.0% |
| Legal reserve | 130 | €6,569 | €6,569 | = | 0.0% |
| Distributable reserves | 133 | €347,633 | €347,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,150 | €65,056 | +€38,906 | +148.8% |
| Amounts payable | 17/49 | €147,294 | €91,335 | -€55,959 | -38.0% |
| Amounts payable within one year | 42/48 | €146,464 | €90,775 | -€55,689 | -38.0% |
| Financial debts | 43 | €75,705 | €57,165 | -€18,540 | -24.5% |
| Credit institutions | 430/8 | €75,705 | €57,165 | -€18,540 | -24.5% |
| Trade debts | 44 | €39,837 | €919 | -€38,918 | -97.7% |
| Suppliers | 440/4 | €39,837 | €919 | -€38,918 | -97.7% |
| Advances received on contracts in progress | 46 | €480 | - | -€480 | |
| Taxes, remuneration and social security | 45 | €7,286 | €3,918 | -€3,368 | -46.2% |
| Taxes | 450/3 | €7,286 | €3,918 | -€3,368 | -46.2% |
| Other amounts payable | 47/48 | €23,156 | €28,773 | +€5,617 | +24.3% |
| Accrued charges and deferred income | 492/3 | €830 | €560 | -€270 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,354 | €49,647 | +€3,293 | +7.1% |
| Other operating charges | 640/8 | €14,578 | €13,909 | -€669 | -4.6% |
| Gross operating margin | 9900 | €71,536 | €110,362 | +€38,826 | +54.3% |
| Operating profit (loss) | 9901 | €10,604 | €46,806 | +€36,202 | +341.4% |
| Financial income | 75/76B | €575 | €5 | -€570 | -99.1% |
| Recurring financial income | 75 | €575 | €5 | -€570 | -99.1% |
| Financial charges | 65/66B | €5,681 | €3,765 | -€1,916 | -33.7% |
| Recurring financial charges | 65 | €5,681 | €3,765 | -€1,916 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €5,498 | €43,046 | +€37,548 | +682.9% |
| Income taxes | 67/77 | €9,981 | €4,140 | -€5,841 | -58.5% |
| Profit (loss) for the period | 9904 | -€4,483 | €38,906 | +€43,389 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,483 | €38,906 | +€43,389 |
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.