VERBRJ: 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.
VERBRJ
Largest movements
- Cash -€41,905
down €41,905 (-67.7%), from €61,893 to €19,987
mainly Contributions, distributions and other (-€36,497) and Other debts (-€22,743)
- Receivables within one year +€4,732
up €4,732 (+40.8%), from €11,602 to €16,334
of which Trade receivables: +€2,579
- Tangible fixed assets +€4,013
up €4,013 (+145%), from €2,776 to €6,789
of which Plant, machinery and equipment: +€4,438
- Other debts -€22,743
down €22,743 (-38.7%), from €58,784 to €36,041
- Tax, wage and social debts -€8,971
down €8,971 (-69.4%), from €12,923 to €3,951
- Trade debts -€1,446
down €1,446 (-56.4%), from €2,564 to €1,118
- Gross operating margin -€13,129
down €13,129 (-20.3%), from €64,666 to €51,537
- Depreciation +€1,047
up €1,047 (+159%), from €660 to €1,707
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 | €76,271 | €43,110 | -€33,161 | -43.5% |
| Fixed assets | 21/28 | €2,776 | €6,789 | +€4,013 | +145% |
| Tangible fixed assets | 22/27 | €2,776 | €6,789 | +€4,013 | +145% |
| Plant, machinery and equipment | 23 | €1,881 | €6,319 | +€4,438 | +236% |
| Other tangible fixed assets | 26 | €895 | €470 | -€426 | -47.5% |
| Current assets | 29/58 | €73,495 | €36,321 | -€37,173 | -50.6% |
| Amounts receivable within one year | 40/41 | €11,602 | €16,334 | +€4,732 | +40.8% |
| Trade receivables | 40 | €9,719 | €12,298 | +€2,579 | +26.5% |
| Other amounts receivable | 41 | €1,883 | €4,036 | +€2,153 | +114% |
| Cash at bank and in hand | 54/58 | €61,893 | €19,987 | -€41,905 | -67.7% |
| Total equity and liabilities | 10/49 | €76,271 | €43,110 | -€33,161 | -43.5% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €74,271 | €41,110 | -€33,161 | -44.6% |
| Amounts payable within one year | 42/48 | €74,271 | €41,110 | -€33,161 | -44.6% |
| Trade debts | 44 | €2,564 | €1,118 | -€1,446 | -56.4% |
| Suppliers | 440/4 | €2,564 | €1,118 | -€1,446 | -56.4% |
| Taxes, remuneration and social security | 45 | €12,923 | €3,951 | -€8,971 | -69.4% |
| Taxes | 450/3 | €12,923 | €3,951 | -€8,971 | -69.4% |
| Other amounts payable | 47/48 | €58,784 | €36,041 | -€22,743 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660 | €1,707 | +€1,047 | +159% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,666 | €51,537 | -€13,129 | -20.3% |
| Operating profit (loss) | 9901 | €63,618 | €49,430 | -€14,188 | -22.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €103 | €85 | -€18 | -17.4% |
| Recurring financial charges | 65 | €103 | €85 | -€18 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €63,515 | €49,345 | -€14,170 | -22.3% |
| Income taxes | 67/77 | €13,117 | €12,847 | -€270 | -2.1% |
| Profit (loss) for the period | 9904 | €50,398 | €36,497 | -€13,900 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,398 | €36,497 | -€13,900 | -27.6% |
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 13 October 2026 via checked.be.