VERBURGH: 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.
VERBURGH
Largest movements
- Tangible fixed assets -€4,785
down €4,785 (-23.0%), from €20,769 to €15,984
of which Furniture and vehicles: -€7,852
- Receivables within one year +€2,463
up €2,463 (+22.3%), from €11,027 to €13,491
of which Trade receivables: +€1,866
- Cash +€901
up €901 (+6.2%), from €14,626 to €15,527
mainly Other debts (+€22,128) and Depreciation (+€8,185)
- Other debts +€22,128
up €22,128 (+137.6%), from €16,079 to €38,206
- Trade debts -€11,722
down €11,722 (-91.0%), from €12,882 to €1,160
- Profit (loss) carried forward -€11,646
down €11,646 (-367.8%), from -€3,167 to -€14,813
- Gross operating margin -€6,840
down €6,840, from €3,838 to -€3,002
- Other operating charges -€386
down €386 (-55.1%), from €699 to €314
- Financial charges +€80
up €80 (+74.2%), from €108 to €188
- Depreciation +€69
up €69 (+0.9%), from €8,116 to €8,185
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 | €46,473 | €45,219 | -€1,254 | -2.7% |
| Fixed assets | 21/28 | €20,819 | €15,984 | -€4,835 | -23.2% |
| Tangible fixed assets | 22/27 | €20,769 | €15,984 | -€4,785 | -23.0% |
| Plant, machinery and equipment | 23 | - | €3,068 | +€3,068 | |
| Furniture and vehicles | 24 | €20,769 | €12,917 | -€7,852 | -37.8% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €25,654 | €29,234 | +€3,581 | +14.0% |
| Amounts receivable within one year | 40/41 | €11,027 | €13,491 | +€2,463 | +22.3% |
| Trade receivables | 40 | €7,892 | €9,758 | +€1,866 | +23.6% |
| Other amounts receivable | 41 | €3,135 | €3,733 | +€598 | +19.1% |
| Cash at bank and in hand | 54/58 | €14,626 | €15,527 | +€901 | +6.2% |
| Deferred charges and accrued income | 490/1 | - | €216 | +€216 | |
| Total equity and liabilities | 10/49 | €46,473 | €45,219 | -€1,254 | -2.7% |
| Equity | 10/15 | €17,498 | €5,852 | -€11,646 | -66.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,065 | €2,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,065 | €2,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,167 | -€14,813 | -€11,646 | -367.8% |
| Amounts payable | 17/49 | €28,975 | €39,367 | +€10,392 | +35.9% |
| Amounts payable within one year | 42/48 | €28,975 | €39,367 | +€10,392 | +35.9% |
| Trade debts | 44 | €12,882 | €1,160 | -€11,722 | -91.0% |
| Suppliers | 440/4 | €12,882 | €1,160 | -€11,722 | -91.0% |
| Taxes, remuneration and social security | 45 | €14 | €0 | -€14 | -100.0% |
| Taxes | 450/3 | €14 | €0 | -€14 | -100.0% |
| Other amounts payable | 47/48 | €16,079 | €38,206 | +€22,128 | +137.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,116 | €8,185 | +€69 | +0.9% |
| Other operating charges | 640/8 | €699 | €314 | -€386 | -55.1% |
| Gross operating margin | 9900 | €3,838 | -€3,002 | -€6,840 | |
| Operating profit (loss) | 9901 | -€4,978 | -€11,501 | -€6,523 | -131.0% |
| Financial income | 75/76B | €59 | €43 | -€16 | -27.6% |
| Recurring financial income | 75 | €59 | €43 | -€16 | -27.6% |
| Financial charges | 65/66B | €108 | €188 | +€80 | +74.2% |
| Recurring financial charges | 65 | €108 | €188 | +€80 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,027 | -€11,646 | -€6,620 | -131.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,027 | -€11,646 | -€6,620 | -131.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,027 | -€11,646 | -€6,620 | -131.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.