VERBREUKEN-THYS: what changed
What changed
VERBREUKEN-THYS
NACE 01.410, Raising of dairy cattle
filed annual accounts (NBB)
Net result for the year
€235,368
2024 · €71,127+€164,241
Equity
€1.2m
2024 · €983,292+€235,368
Cash
€263,952
2024 · €206,112+€57,840
Balance sheet total
€2.0m
2024 · €1.7m+€364,543
Largest movements
Assets
- Tangible fixed assets +€332,361
up €332,361 (+44.7%), from €744,361 to €1.1m
of which Furniture and vehicles: +€190,988
- Receivables after one year -€77,079
down €77,079 (-100%), from €77,079 to €0
- Cash +€57,840
up €57,840 (+28.1%), from €206,112 to €263,952
mainly Net result for the year (+€235,368) and Depreciation (+€170,772)
- Stocks and contracts +€49,014
up €49,014 (+11.5%), from €425,823 to €474,837
- Intangible fixed assets +€24,985
up €24,985 (+508%), from €4,921 to €29,906
Equity and liabilities
- Reserves +€235,368
up €235,368 (+54.3%), from €433,292 to €668,661
of which Distributable reserves: +€238,743
- Debts after one year +€71,129
up €71,129 (+17.0%), from €417,592 to €488,720
- Trade debts +€42,878
up €42,878 (+84.6%), from €50,661 to €93,539
Income statement
- Gross operating margin +€226,666
up €226,666 (+71.8%), from €315,618 to €542,284
- Taxes +€54,529
up €54,529 (+164%), from €33,310 to €87,839
- Financial charges -€45,702
down €45,702 (-63.1%), from €72,393 to €26,691
- Depreciation +€37,235
up €37,235 (+27.9%), from €133,537 to €170,772
- Staff costs +€26,977
up €26,977 (+365%), from €7,401 to €34,378
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€71,127
Gross operating margin
+€226,666
Staff costs
-€26,977
Depreciation
-€37,235
Other operating charges
+€5,865
Other operating items
+€17,381
Financial income
-€12,632
Financial charges
+€45,702
Taxes
-€54,529
Result 2025
€235,368
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€498,133
Investment
-€511,422
Financing
+€71,129
Cash 2024
€206,112
From operations (derived)
+€498,133
Net result for the year
+€235,368
Depreciation
+€170,772
Receivables after one year
+€77,079
Stocks and contracts
-€49,014
Receivables within one year
+€8,352
Deferred charges and accrued income
-€2,469
Provisions
-€1,125
Trade debts
+€42,878
Tax, wage and social debts
+€7,791
Other debts
+€6,749
Accrued charges and deferred income
+€1,753
Investment (derived)
-€511,422
Investment in fixed assets (net)
-€511,422
Financing
+€71,129
Debts after one year
+€71,129
Cash 2025
€263,952
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,674,723 | €2,039,267 | +€364,543 | +21.8% |
| Fixed assets | 21/28 | €825,448 | €1,166,099 | +€340,651 | +41.3% |
| Intangible fixed assets | 21 | €4,921 | €29,906 | +€24,985 | +508% |
| Tangible fixed assets | 22/27 | €744,361 | €1,076,721 | +€332,361 | +44.7% |
| Land and buildings | 22 | €357,591 | €442,038 | +€84,446 | +23.6% |
| Plant, machinery and equipment | 23 | €386,769 | €443,696 | +€56,926 | +14.7% |
| Furniture and vehicles | 24 | - | €190,988 | +€190,988 | |
| Financial fixed assets | 28 | €76,166 | €59,471 | -€16,695 | -21.9% |
| Current assets | 29/58 | €849,275 | €873,168 | +€23,893 | +2.8% |
| Amounts receivable after more than one year | 29 | €77,079 | €0 | -€77,079 | -100% |
| Other amounts receivable | 291 | €77,079 | €0 | -€77,079 | -100% |
| Stocks and contracts in progress | 3 | €425,823 | €474,837 | +€49,014 | +11.5% |
| Stocks | 30/36 | €425,823 | €474,837 | +€49,014 | +11.5% |
| Amounts receivable within one year | 40/41 | €125,542 | €117,190 | -€8,352 | -6.7% |
| Trade receivables | 40 | €125,542 | €93,214 | -€32,328 | -25.8% |
| Other amounts receivable | 41 | €0 | €23,976 | +€23,976 | |
| Cash at bank and in hand | 54/58 | €206,112 | €263,952 | +€57,840 | +28.1% |
| Deferred charges and accrued income | 490/1 | €14,720 | €17,189 | +€2,469 | +16.8% |
| Total equity and liabilities | 10/49 | €1,674,723 | €2,039,267 | +€364,543 | +21.8% |
| Equity | 10/15 | €983,292 | €1,218,661 | +€235,368 | +23.9% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €433,292 | €668,661 | +€235,368 | +54.3% |
| Tax-exempt reserves | 132 | €26,140 | €22,765 | -€3,375 | -12.9% |
| Distributable reserves | 133 | €407,152 | €645,895 | +€238,743 | +58.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,713 | €7,588 | -€1,125 | -12.9% |
| Deferred taxes | 168 | €8,713 | €7,588 | -€1,125 | -12.9% |
| Amounts payable | 17/49 | €682,718 | €813,018 | +€130,300 | +19.1% |
| Amounts payable after more than one year | 17 | €417,592 | €488,720 | +€71,129 | +17.0% |
| Financial debts | 170/4 | €417,592 | €488,720 | +€71,129 | +17.0% |
| Amounts payable within one year | 42/48 | €263,814 | €321,232 | +€57,418 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €131,371 | €131,371 | = | 0.0% |
| Trade debts | 44 | €50,661 | €93,539 | +€42,878 | +84.6% |
| Suppliers | 440/4 | €50,661 | €93,539 | +€42,878 | +84.6% |
| Taxes, remuneration and social security | 45 | €40,022 | €47,813 | +€7,791 | +19.5% |
| Taxes | 450/3 | €37,201 | €42,613 | +€5,412 | +14.5% |
| Remuneration and social security | 454/9 | €2,821 | €5,201 | +€2,379 | +84.3% |
| Other amounts payable | 47/48 | €41,759 | €48,509 | +€6,749 | +16.2% |
| Accrued charges and deferred income | 492/3 | €1,312 | €3,065 | +€1,753 | +134% |
| Non-recurring operating income | 76A | - | €53,085 | +€53,085 | |
| Remuneration, social security and pensions | 62 | €7,401 | €34,378 | +€26,977 | +365% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,537 | €170,772 | +€37,235 | +27.9% |
| Other operating charges | 640/8 | €11,185 | €5,320 | -€5,865 | -52.4% |
| Non-recurring operating charges | 66A | €17,381 | €0 | -€17,381 | -100% |
| Gross operating margin | 9900 | €315,618 | €542,284 | +€226,666 | +71.8% |
| Operating profit (loss) | 9901 | €146,115 | €331,815 | +€185,700 | +127% |
| Financial income | 75/76B | €29,591 | €16,959 | -€12,632 | -42.7% |
| Recurring financial income | 75 | €29,591 | €16,959 | -€12,632 | -42.7% |
| Financial charges | 65/66B | €72,393 | €26,691 | -€45,702 | -63.1% |
| Recurring financial charges | 65 | €72,393 | €26,691 | -€45,702 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €103,312 | €322,082 | +€218,770 | +212% |
| Transfer from deferred taxes | 780 | €1,125 | €1,125 | = | 0.0% |
| Income taxes | 67/77 | €33,310 | €87,839 | +€54,529 | +164% |
| Profit (loss) for the period | 9904 | €71,127 | €235,368 | +€164,241 | +231% |
| Transfer from tax-exempt reserves | 789 | €3,375 | €3,375 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,502 | €238,743 | +€164,241 | +220% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.