VERBRIGGHE: 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.
VERBRIGGHE
Largest movements
- Cash -€244,983
down €244,983 (-67.7%), from €361,825 to €116,841
mainly Contributions, distributions and other (-€395,789) and Debts after one year (-€180,000)
- Current investments -€50,000
down €50,000 (-3.2%), from €1.5m to €1.5m
- Debts after one year -€180,000
down €180,000 (-45.9%), from €392,500 to €212,500
- Reserves -€143,377
down €143,377 (-5.9%), from €2.4m to €2.3m
of which Distributable reserves: -€143,377
- Trade debts +€39,143
up €39,143 (+229%), from €17,098 to €56,241
- Gross operating margin -€103,722
down €103,722 (-12.7%), from €816,326 to €712,604
- Taxes -€29,465
down €29,465 (-27.2%), from €108,292 to €78,826
- Financial charges -€14,487
down €14,487 (-38.5%), from €37,603 to €23,116
of which Financial charges: -€14,542
- Depreciation -€9,714
down €9,714 (-25.7%), from €37,815 to €28,101
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 | €3,064,469 | €2,764,068 | -€300,401 | -9.8% |
| Fixed assets | 21/28 | €61,606 | €44,301 | -€17,306 | -28.1% |
| Intangible fixed assets | 21 | €924 | - | -€924 | |
| Tangible fixed assets | 22/27 | €60,682 | €44,301 | -€16,382 | -27.0% |
| Plant, machinery and equipment | 23 | €21,772 | €16,133 | -€5,640 | -25.9% |
| Furniture and vehicles | 24 | €21,628 | €13,981 | -€7,647 | -35.4% |
| Other tangible fixed assets | 26 | €17,282 | €14,186 | -€3,095 | -17.9% |
| Current assets | 29/58 | €3,002,862 | €2,719,767 | -€283,095 | -9.4% |
| Stocks and contracts in progress | 3 | €1,015,526 | €1,018,894 | +€3,367 | +0.3% |
| Stocks | 30/36 | €1,015,526 | €1,018,894 | +€3,367 | +0.3% |
| Amounts receivable within one year | 40/41 | €74,869 | €83,937 | +€9,068 | +12.1% |
| Trade receivables | 40 | €18,011 | €28,632 | +€10,621 | +59.0% |
| Other amounts receivable | 41 | €56,857 | €55,305 | -€1,552 | -2.7% |
| Current investments | 50/53 | €1,549,118 | €1,499,118 | -€50,000 | -3.2% |
| Cash at bank and in hand | 54/58 | €361,825 | €116,841 | -€244,983 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,524 | €978 | -€546 | -35.9% |
| Total equity and liabilities | 10/49 | €3,064,469 | €2,764,068 | -€300,401 | -9.8% |
| Equity | 10/15 | €2,453,305 | €2,308,068 | -€145,237 | -5.9% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €2,432,541 | €2,289,164 | -€143,377 | -5.9% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €2,357,541 | €2,214,164 | -€143,377 | -6.1% |
| Profit (loss) carried forward | 14 | €304 | €304 | = | 0.0% |
| Amounts payable | 17/49 | €611,164 | €456,000 | -€155,164 | -25.4% |
| Amounts payable after more than one year | 17 | €392,500 | €212,500 | -€180,000 | -45.9% |
| Financial debts | 170/4 | €392,500 | €212,500 | -€180,000 | -45.9% |
| Amounts payable within one year | 42/48 | €218,664 | €243,500 | +€24,836 | +11.4% |
| Trade debts | 44 | €17,098 | €56,241 | +€39,143 | +229% |
| Suppliers | 440/4 | €17,098 | €56,241 | +€39,143 | +229% |
| Taxes, remuneration and social security | 45 | €76,012 | €58,403 | -€17,609 | -23.2% |
| Taxes | 450/3 | €19,887 | €7,100 | -€12,787 | -64.3% |
| Remuneration and social security | 454/9 | €56,125 | €51,303 | -€4,822 | -8.6% |
| Other amounts payable | 47/48 | €125,554 | €128,856 | +€3,302 | +2.6% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Remuneration, social security and pensions | 62 | €410,074 | €411,288 | +€1,214 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,815 | €28,101 | -€9,714 | -25.7% |
| Other operating charges | 640/8 | €2,651 | €2,412 | -€239 | -9.0% |
| Gross operating margin | 9900 | €816,326 | €712,604 | -€103,722 | -12.7% |
| Operating profit (loss) | 9901 | €365,786 | €270,804 | -€94,983 | -26.0% |
| Financial income | 75/76B | €88,333 | €81,692 | -€6,641 | -7.5% |
| Recurring financial income | 75 | €88,333 | €81,692 | -€6,641 | -7.5% |
| Financial charges | 65/66B | €37,603 | €23,116 | -€14,487 | -38.5% |
| Recurring financial charges | 65 | €37,594 | €23,052 | -€14,542 | -38.7% |
| Non-recurring financial charges | 66B | €10 | €65 | +€55 | +579% |
| Profit (loss) for the period before taxes | 9903 | €416,516 | €329,379 | -€87,137 | -20.9% |
| Income taxes | 67/77 | €108,292 | €78,826 | -€29,465 | -27.2% |
| Profit (loss) for the period | 9904 | €308,224 | €250,553 | -€57,672 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €308,224 | €250,553 | -€57,672 | -18.7% |
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 23 October 2026 via checked.be.