VERBRUGGEN: 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.
VERBRUGGEN
Largest movements
- Stocks and contracts +€163,354
up €163,354 (+74.1%), from €220,492 to €383,846
- Receivables after one year -€115,000
down €115,000 (-46.9%), from €245,428 to €130,428
- Tangible fixed assets -€37,367
down €37,367 (-26.1%), from €143,416 to €106,050
of which Furniture and vehicles: -€35,313
- Cash +€28,049
up €28,049 (+200%), from €14,030 to €42,079
mainly Receivables after one year (+€115,000) and Other debts (+€63,604)
- Other debts +€63,604
up €63,604 (+314%), from €20,264 to €83,868
- Tax, wage and social debts -€20,609
down €20,609 (-26.7%), from €77,095 to €56,487
of which Taxes: -€22,609
- Short-term financial debts -€15,068
no longer reported in 2025 (was €15,068)
- Gross operating margin -€67,600
down €67,600 (-50.8%), from €132,956 to €65,357
- Taxes -€15,309
down €15,309 (-58.5%), from €26,170 to €10,861
- Depreciation +€6,294
up €6,294 (+20.3%), from €31,073 to €37,367
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 | €631,223 | €670,067 | +€38,844 | +6.2% |
| Fixed assets | 21/28 | €143,840 | €106,474 | -€37,367 | -26.0% |
| Tangible fixed assets | 22/27 | €143,416 | €106,050 | -€37,367 | -26.1% |
| Plant, machinery and equipment | 23 | €7,121 | €5,068 | -€2,053 | -28.8% |
| Furniture and vehicles | 24 | €136,295 | €100,982 | -€35,313 | -25.9% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €487,383 | €563,594 | +€76,211 | +15.6% |
| Amounts receivable after more than one year | 29 | €245,428 | €130,428 | -€115,000 | -46.9% |
| Other amounts receivable | 291 | €245,428 | €130,428 | -€115,000 | -46.9% |
| Stocks and contracts in progress | 3 | €220,492 | €383,846 | +€163,354 | +74.1% |
| Stocks | 30/36 | €220,492 | €383,846 | +€163,354 | +74.1% |
| Amounts receivable within one year | 40/41 | €7,162 | €7,241 | +€78 | +1.1% |
| Trade receivables | 40 | €7,162 | €7,241 | +€78 | +1.1% |
| Cash at bank and in hand | 54/58 | €14,030 | €42,079 | +€28,049 | +200% |
| Deferred charges and accrued income | 490/1 | €270 | - | -€270 | |
| Total equity and liabilities | 10/49 | €631,223 | €670,067 | +€38,844 | +6.2% |
| Equity | 10/15 | €481,281 | €487,166 | +€5,885 | +1.2% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €460,483 | €465,983 | +€5,500 | +1.2% |
| Distributable reserves | 133 | €460,483 | €465,983 | +€5,500 | +1.2% |
| Profit (loss) carried forward | 14 | €967 | €1,352 | +€385 | +39.8% |
| Amounts payable | 17/49 | €149,942 | €182,901 | +€32,959 | +22.0% |
| Amounts payable within one year | 42/48 | €149,942 | €182,901 | +€32,959 | +22.0% |
| Financial debts | 43 | €15,068 | - | -€15,068 | |
| Credit institutions | 430/8 | €15,068 | - | -€15,068 | |
| Trade debts | 44 | €37,514 | €42,547 | +€5,033 | +13.4% |
| Suppliers | 440/4 | €37,514 | €42,547 | +€5,033 | +13.4% |
| Taxes, remuneration and social security | 45 | €77,095 | €56,487 | -€20,609 | -26.7% |
| Taxes | 450/3 | €77,095 | €54,487 | -€22,609 | -29.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €20,264 | €83,868 | +€63,604 | +314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,073 | €37,367 | +€6,294 | +20.3% |
| Other operating charges | 640/8 | €2,145 | €2,670 | +€525 | +24.5% |
| Gross operating margin | 9900 | €132,956 | €65,357 | -€67,600 | -50.8% |
| Operating profit (loss) | 9901 | €99,738 | €25,319 | -€74,418 | -74.6% |
| Financial income | 75/76B | €71 | €118 | +€47 | +65.9% |
| Recurring financial income | 75 | €71 | €118 | +€47 | +65.9% |
| Financial charges | 65/66B | €8,409 | €8,691 | +€282 | +3.4% |
| Recurring financial charges | 65 | €8,409 | €8,691 | +€282 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €91,400 | €16,746 | -€74,654 | -81.7% |
| Income taxes | 67/77 | €26,170 | €10,861 | -€15,309 | -58.5% |
| Profit (loss) for the period | 9904 | €65,230 | €5,885 | -€59,345 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,230 | €5,885 | -€59,345 | -91.0% |
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 17 October 2026 via checked.be.