VERBURGH & PARTNERS: 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.
VERBURGH & PARTNERS
Largest movements
- Cash -€177,011
down €177,011 (-80.5%), from €219,894 to €42,883
mainly Current investments (-€146,822) and Net result for the year (-€36,414)
- Current investments +€146,822
up €146,822 (+14,682%), from €1,000 to €147,822
- Tangible fixed assets -€4,353
down €4,353 (-59.9%), from €7,271 to €2,919
- Deferred charges and accrued income -€2,700
down €2,700 (-100%), from €2,700 to €0
- Profit (loss) carried forward -€36,414
down €36,414, from €23,063 to -€13,351
- Tax, wage and social debts -€3,222
down €3,222 (-69.5%), from €4,637 to €1,415
of which Taxes: -€2,022
- Gross operating margin -€55,151
down €55,151, from €21,337 to -€33,814
- Taxes -€3,327
down €3,327 (-96.8%), from €3,437 to €110
- Financial income +€3,095
up €3,095 (+120,896%), from €3 to €3,097
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 | €235,327 | €195,733 | -€39,594 | -16.8% |
| Fixed assets | 21/28 | €7,321 | €2,969 | -€4,353 | -59.5% |
| Tangible fixed assets | 22/27 | €7,271 | €2,919 | -€4,353 | -59.9% |
| Furniture and vehicles | 24 | €7,271 | €2,919 | -€4,353 | -59.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €228,006 | €192,765 | -€35,241 | -15.5% |
| Amounts receivable within one year | 40/41 | €4,412 | €2,060 | -€2,352 | -53.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,412 | €2,060 | -€2,352 | -53.3% |
| Current investments | 50/53 | €1,000 | €147,822 | +€146,822 | +14,682% |
| Cash at bank and in hand | 54/58 | €219,894 | €42,883 | -€177,011 | -80.5% |
| Deferred charges and accrued income | 490/1 | €2,700 | €0 | -€2,700 | -100% |
| Total equity and liabilities | 10/49 | €235,327 | €195,733 | -€39,594 | -16.8% |
| Equity | 10/15 | €182,952 | €146,538 | -€36,414 | -19.9% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Capital | 10 | €111,500 | €111,500 | = | 0.0% |
| Issued capital | 100 | €111,500 | €111,500 | = | 0.0% |
| Reserves | 13 | €48,389 | €48,389 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,150 | €11,150 | = | 0.0% |
| Legal reserve | 130 | €11,150 | €11,150 | = | 0.0% |
| Distributable reserves | 133 | €37,239 | €37,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,063 | -€13,351 | -€36,414 | |
| Amounts payable | 17/49 | €52,375 | €49,195 | -€3,180 | -6.1% |
| Amounts payable within one year | 42/48 | €4,651 | €1,471 | -€3,180 | -68.4% |
| Trade debts | 44 | €14 | €56 | +€42 | +292% |
| Suppliers | 440/4 | €14 | €56 | +€42 | +292% |
| Taxes, remuneration and social security | 45 | €4,637 | €1,415 | -€3,222 | -69.5% |
| Taxes | 450/3 | €3,437 | €1,415 | -€2,022 | -58.8% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Accrued charges and deferred income | 492/3 | €47,724 | €47,724 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,575 | €4,353 | -€222 | -4.9% |
| Other operating charges | 640/8 | €808 | €829 | +€21 | +2.6% |
| Gross operating margin | 9900 | €21,337 | -€33,814 | -€55,151 | |
| Operating profit (loss) | 9901 | €15,954 | -€38,995 | -€54,950 | |
| Financial income | 75/76B | €3 | €3,097 | +€3,095 | +120,896% |
| Recurring financial income | 75 | €3 | €3,097 | +€3,095 | +120,896% |
| Financial charges | 65/66B | €190 | €405 | +€215 | +113% |
| Recurring financial charges | 65 | €190 | €405 | +€215 | +113% |
| Profit (loss) for the period before taxes | 9903 | €15,767 | -€36,303 | -€52,070 | |
| Income taxes | 67/77 | €3,437 | €110 | -€3,327 | -96.8% |
| Profit (loss) for the period | 9904 | €12,330 | -€36,414 | -€48,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,330 | -€36,414 | -€48,743 |
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.