Verbrugghe: what changed
Two fiscal 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.
Verbrugghe
Largest movements
- Cash -€14,389
down €14,389 (-18.0%), from €79,745 to €65,356
mainly Net result for the year (-€26,233) and Trade debts (-€636)
- Tangible fixed assets -€11,190
down €11,190 (-11.3%), from €99,243 to €88,053
of which Furniture and vehicles: -€6,566
- Reserves -€26,233
down €26,233 (-19.5%), from €134,534 to €108,300
of which Distributable reserves: -€24,373
- Gross operating margin +€4,122
up €4,122 (+33.7%), from -€12,221 to -€8,099
- Financial charges +€759
up €759 (+35.3%), from €2,150 to €2,909
- Other operating charges +€150
up €150 (+4.0%), from €3,755 to €3,904
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.
Cash bridge derived
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 | €179,640 | €153,533 | -€26,107 | -14.5% |
| Fixed assets | 21/28 | €99,243 | €88,053 | -€11,190 | -11.3% |
| Tangible fixed assets | 22/27 | €99,243 | €88,053 | -€11,190 | -11.3% |
| Land and buildings | 22 | €77,908 | €73,284 | -€4,624 | -5.9% |
| Furniture and vehicles | 24 | €21,335 | €14,769 | -€6,566 | -30.8% |
| Current assets | 29/58 | €80,397 | €65,479 | -€14,918 | -18.6% |
| Amounts receivable within one year | 40/41 | €652 | €124 | -€528 | -81.0% |
| Trade receivables | 40 | €121 | €0 | -€121 | -100.0% |
| Other amounts receivable | 41 | €531 | €124 | -€407 | -76.7% |
| Cash at bank and in hand | 54/58 | €79,745 | €65,356 | -€14,389 | -18.0% |
| Total equity and liabilities | 10/49 | €179,640 | €153,533 | -€26,107 | -14.5% |
| Equity | 10/15 | €140,739 | €114,505 | -€26,233 | -18.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €134,534 | €108,300 | -€26,233 | -19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €132,674 | €108,300 | -€24,373 | -18.4% |
| Amounts payable | 17/49 | €38,901 | €39,027 | +€126 | +0.3% |
| Amounts payable within one year | 42/48 | €36,864 | €36,241 | -€623 | -1.7% |
| Trade debts | 44 | €940 | €303 | -€636 | -67.7% |
| Suppliers | 440/4 | €940 | €303 | -€636 | -67.7% |
| Taxes, remuneration and social security | 45 | €133 | €146 | +€13 | +9.9% |
| Taxes | 450/3 | €133 | €146 | +€13 | +9.9% |
| Other amounts payable | 47/48 | €35,791 | €35,791 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,037 | €2,786 | +€749 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,268 | €11,190 | -€78 | -0.7% |
| Other operating charges | 640/8 | €3,755 | €3,904 | +€150 | +4.0% |
| Gross operating margin | 9900 | -€12,221 | -€8,099 | +€4,122 | +33.7% |
| Operating profit (loss) | 9901 | -€27,244 | -€23,193 | +€4,051 | +14.9% |
| Financial income | 75/76B | €0 | €9 | +€9 | +86300.0% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +86300.0% |
| Financial charges | 65/66B | €2,150 | €2,909 | +€759 | +35.3% |
| Recurring financial charges | 65 | €2,150 | €2,909 | +€759 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,394 | -€26,093 | +€3,301 | +11.2% |
| Income taxes | 67/77 | €133 | €140 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€29,527 | -€26,233 | +€3,294 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,527 | -€26,233 | +€3,294 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.