VERBUECKEN: 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.
VERBUECKEN
Largest movements
- Cash +€22,207
up €22,207 (+24.8%), from €89,417 to €111,624
mainly Net result for the year (+€24,226) and Depreciation (+€11,898)
- Stocks and contracts +€15,880
up €15,880 (+13.8%), from €115,163 to €131,043
- Tangible fixed assets -€10,444
down €10,444 (-20.6%), from €50,775 to €40,331
of which Furniture and vehicles: -€9,266
- Reserves +€24,226
up €24,226 (+12.1%), from €200,527 to €224,752
- Trade debts +€6,960
up €6,960 (+1,307%), from €533 to €7,493
- Other debts -€3,886
down €3,886 (-15.3%), from €25,476 to €21,591
- Gross operating margin +€1,765
up €1,765 (+2.8%), from €63,710 to €65,475
- Other operating charges +€851
up €851 (+11.1%), from €7,638 to €8,489
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,346 | €284,782 | +€25,435 | +9.8% |
| Fixed assets | 21/28 | €50,910 | €40,466 | -€10,444 | -20.5% |
| Tangible fixed assets | 22/27 | €50,775 | €40,331 | -€10,444 | -20.6% |
| Plant, machinery and equipment | 23 | €397 | €0 | -€397 | -100% |
| Furniture and vehicles | 24 | €47,150 | €37,884 | -€9,266 | -19.7% |
| Other tangible fixed assets | 26 | €3,229 | €2,447 | -€782 | -24.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €208,436 | €244,316 | +€35,880 | +17.2% |
| Stocks and contracts in progress | 3 | €115,163 | €131,043 | +€15,880 | +13.8% |
| Stocks | 30/36 | €115,163 | €131,043 | +€15,880 | +13.8% |
| Amounts receivable within one year | 40/41 | €3,595 | €1,034 | -€2,561 | -71.2% |
| Trade receivables | 40 | €1,050 | €934 | -€116 | -11.0% |
| Other amounts receivable | 41 | €2,546 | €100 | -€2,446 | -96.1% |
| Cash at bank and in hand | 54/58 | €89,417 | €111,624 | +€22,207 | +24.8% |
| Deferred charges and accrued income | 490/1 | €261 | €615 | +€354 | +136% |
| Total equity and liabilities | 10/49 | €259,346 | €284,782 | +€25,435 | +9.8% |
| Equity | 10/15 | €220,527 | €244,752 | +€24,226 | +11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €200,527 | €224,752 | +€24,226 | +12.1% |
| Distributable reserves | 133 | €200,527 | €224,752 | +€24,226 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,820 | €40,029 | +€1,210 | +3.1% |
| Amounts payable within one year | 42/48 | €35,789 | €38,910 | +€3,121 | +8.7% |
| Trade debts | 44 | €533 | €7,493 | +€6,960 | +1,307% |
| Suppliers | 440/4 | €533 | €7,493 | +€6,960 | +1,307% |
| Taxes, remuneration and social security | 45 | €9,780 | €9,827 | +€47 | +0.5% |
| Taxes | 450/3 | €6,178 | €7,058 | +€880 | +14.2% |
| Remuneration and social security | 454/9 | €3,602 | €2,769 | -€833 | -23.1% |
| Other amounts payable | 47/48 | €25,476 | €21,591 | -€3,886 | -15.3% |
| Accrued charges and deferred income | 492/3 | €3,031 | €1,120 | -€1,912 | -63.1% |
| Remuneration, social security and pensions | 62 | €17,311 | €17,913 | +€602 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,731 | €11,898 | +€167 | +1.4% |
| Other operating charges | 640/8 | €7,638 | €8,489 | +€851 | +11.1% |
| Gross operating margin | 9900 | €63,710 | €65,475 | +€1,765 | +2.8% |
| Operating profit (loss) | 9901 | €27,031 | €27,175 | +€144 | +0.5% |
| Financial income | 75/76B | €6,272 | €6,901 | +€629 | +10.0% |
| Recurring financial income | 75 | €6,272 | €6,901 | +€629 | +10.0% |
| Financial charges | 65/66B | €178 | €230 | +€51 | +28.9% |
| Recurring financial charges | 65 | €178 | €230 | +€51 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €33,125 | €33,847 | +€722 | +2.2% |
| Income taxes | 67/77 | €9,459 | €9,621 | +€162 | +1.7% |
| Profit (loss) for the period | 9904 | €23,665 | €24,226 | +€560 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,665 | €24,226 | +€560 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.