VERBRUGGEN: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VERBRUGGEN
Largest movements
- Receivables within one year -€120,142
down €120,142 (-31.7%), from €379,584 to €259,443
- Tax, wage and social debts -€107,169
down €107,169 (-77.3%), from €138,584 to €31,415
- Reserves -€14,475
down €14,475 (-4.3%), from €336,469 to €321,994
of which Tax-exempt reserves: -€27,500
- Taxes -€30,172
down €30,172 (-51.4%), from €58,707 to €28,535
- Financial income -€5,951
down €5,951 (-25.5%), from €23,319 to €17,367
- Financial charges -€646
down €646 (-74.5%), from €868 to €222
- Gross operating margin -€162
down €162 (-5.5%), from -€2,923 to -€3,085
- Other operating charges -€118
no longer reported in 2025 (was €118)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,945 | €484,443 | -€120,503 | -19.9% |
| Current assets | 29/58 | €604,945 | €484,443 | -€120,503 | -19.9% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €379,584 | €259,443 | -€120,142 | -31.7% |
| Other amounts receivable | 41 | €379,584 | €259,443 | -€120,142 | -31.7% |
| Cash at bank and in hand | 54/58 | €361 | - | -€361 | |
| Total equity and liabilities | 10/49 | €604,945 | €484,443 | -€120,503 | -19.9% |
| Equity | 10/15 | €455,844 | €441,369 | -€14,475 | -3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €336,469 | €321,994 | -€14,475 | -4.3% |
| Non-distributable reserves | 130/1 | €10,778 | €10,778 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,778 | €10,778 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,500 | - | -€27,500 | |
| Distributable reserves | 133 | €298,190 | €311,216 | +€13,025 | +4.4% |
| Profit (loss) carried forward | 14 | €100,825 | €100,825 | = | 0.0% |
| Amounts payable | 17/49 | €149,101 | €43,073 | -€106,028 | -71.1% |
| Amounts payable within one year | 42/48 | €149,101 | €43,073 | -€106,028 | -71.1% |
| Trade debts | 44 | €10,517 | €11,658 | +€1,141 | +10.8% |
| Suppliers | 440/4 | €10,517 | €11,658 | +€1,141 | +10.8% |
| Taxes, remuneration and social security | 45 | €138,584 | €31,415 | -€107,169 | -77.3% |
| Taxes | 450/3 | €138,584 | €31,415 | -€107,169 | -77.3% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | -€2,923 | -€3,085 | -€162 | -5.5% |
| Operating profit (loss) | 9901 | -€3,041 | -€3,085 | -€44 | -1.4% |
| Financial income | 75/76B | €23,319 | €17,367 | -€5,951 | -25.5% |
| Recurring financial income | 75 | €23,319 | €17,367 | -€5,951 | -25.5% |
| Financial charges | 65/66B | €868 | €222 | -€646 | -74.5% |
| Recurring financial charges | 65 | €868 | €222 | -€646 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €19,410 | €14,061 | -€5,349 | -27.6% |
| Income taxes | 67/77 | €58,707 | €28,535 | -€30,172 | -51.4% |
| Profit (loss) for the period | 9904 | -€39,297 | -€14,475 | +€24,823 | +63.2% |
| Transfer from tax-exempt reserves | 789 | - | €27,500 | +€27,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,297 | €13,025 | +€52,323 |
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 1 November 2026 via checked.be.