VERBRAEKEN: 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.
VERBRAEKEN
Largest movements
- Cash -€110,408
down €110,408 (-36.6%), from €301,405 to €190,997
mainly Contributions, distributions and other (-€201,524) and Receivables within one year (-€21,093)
- Tangible fixed assets -€85,373
down €85,373 (-21.5%), from €396,593 to €311,220
of which Land and buildings: -€88,860
- Receivables within one year +€21,093
up €21,093 (+24.0%), from €87,803 to €108,896
- Reserves -€160,546
down €160,546 (-16.7%), from €960,101 to €799,556
of which Distributable reserves: -€152,662
- Profit (loss) carried forward -€15,000
down €15,000 (-63.4%), from €23,678 to €8,678
- Other debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€11,330
down €11,330 (-56.2%), from €20,160 to €8,830
- Gross operating margin -€27,532
down €27,532 (-21.7%), from €126,917 to €99,385
- Financial income +€13,684
up €13,684 (+376.9%), from €3,631 to €17,314
- Taxes -€9,131
down €9,131 (-75.3%), from €12,122 to €2,990
- Depreciation -€4,703
down €4,703 (-4.9%), from €95,897 to €91,194
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 | €1,084,198 | €901,547 | -€182,652 | -16.8% |
| Fixed assets | 21/28 | €396,593 | €311,220 | -€85,373 | -21.5% |
| Tangible fixed assets | 22/27 | €396,593 | €311,220 | -€85,373 | -21.5% |
| Land and buildings | 22 | €395,384 | €306,524 | -€88,860 | -22.5% |
| Plant, machinery and equipment | 23 | €1,117 | - | -€1,117 | |
| Furniture and vehicles | 24 | €93 | €4,696 | +€4,603 | +4969.8% |
| Current assets | 29/58 | €687,606 | €590,327 | -€97,278 | -14.1% |
| Amounts receivable within one year | 40/41 | €87,803 | €108,896 | +€21,093 | +24.0% |
| Other amounts receivable | 41 | €87,803 | €108,896 | +€21,093 | +24.0% |
| Current investments | 50/53 | €295,439 | €285,415 | -€10,024 | -3.4% |
| Cash at bank and in hand | 54/58 | €301,405 | €190,997 | -€110,408 | -36.6% |
| Deferred charges and accrued income | 490/1 | €2,958 | €5,018 | +€2,060 | +69.6% |
| Total equity and liabilities | 10/49 | €1,084,198 | €901,547 | -€182,652 | -16.8% |
| Equity | 10/15 | €1,044,916 | €859,346 | -€185,569 | -17.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €42,545 | €32,521 | -€10,024 | -23.6% |
| Reserves | 13 | €960,101 | €799,556 | -€160,546 | -16.7% |
| Tax-exempt reserves | 132 | €225,732 | €217,848 | -€7,884 | -3.5% |
| Distributable reserves | 133 | €734,370 | €581,708 | -€152,662 | -20.8% |
| Profit (loss) carried forward | 14 | €23,678 | €8,678 | -€15,000 | -63.4% |
| Provisions and deferred taxes | 16 | €12,183 | €8,121 | -€4,062 | -33.3% |
| Deferred taxes | 168 | €12,183 | €8,121 | -€4,062 | -33.3% |
| Amounts payable | 17/49 | €27,100 | €34,079 | +€6,979 | +25.8% |
| Amounts payable after more than one year | 17 | €4,751 | €4,751 | = | 0.0% |
| Other amounts payable | 178/9 | €4,751 | €4,751 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,710 | €28,675 | +€6,965 | +32.1% |
| Trade debts | 44 | €1,550 | €4,845 | +€3,295 | +212.6% |
| Suppliers | 440/4 | €1,550 | €4,845 | +€3,295 | +212.6% |
| Taxes, remuneration and social security | 45 | €20,160 | €8,830 | -€11,330 | -56.2% |
| Taxes | 450/3 | €20,160 | €8,830 | -€11,330 | -56.2% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €639 | €653 | +€14 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,897 | €91,194 | -€4,703 | -4.9% |
| Other operating charges | 640/8 | €10,512 | €10,370 | -€142 | -1.4% |
| Gross operating margin | 9900 | €126,917 | €99,385 | -€27,532 | -21.7% |
| Operating profit (loss) | 9901 | €20,508 | -€2,179 | -€22,687 | |
| Financial income | 75/76B | €3,631 | €17,314 | +€13,684 | +376.9% |
| Recurring financial income | 75 | €3,631 | €17,314 | +€13,684 | +376.9% |
| Financial charges | 65/66B | €271 | €252 | -€20 | -7.3% |
| Recurring financial charges | 65 | €271 | €252 | -€20 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €23,867 | €14,883 | -€8,984 | -37.6% |
| Transfer from deferred taxes | 780 | €4,062 | €4,062 | = | 0.0% |
| Income taxes | 67/77 | €12,122 | €2,990 | -€9,131 | -75.3% |
| Profit (loss) for the period | 9904 | €15,807 | €15,954 | +€148 | +0.9% |
| Transfer from tax-exempt reserves | 789 | €7,884 | €7,884 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,690 | €23,838 | +€148 | +0.6% |
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 10 October 2026 via checked.be.