VERIBOUW: 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.
VERIBOUW
Largest movements
- Stocks and contracts +€219,550
up €219,550 (+59.4%), from €369,332 to €588,882
- Cash +€39,267
up €39,267 (+485%), from €8,103 to €47,369
mainly Other debts (+€226,581) and Short-term financial debts (+€210,000)
- Tangible fixed assets -€38,823
down €38,823 (-53.0%), from €73,217 to €34,395
- Other debts +€226,581
up €226,581 (+56,108%), from €404 to €226,985
- Reserves -€223,870
down €223,870 (-84.2%), from €265,778 to €41,908
of which Distributable reserves: -€223,870
- Short-term financial debts +€210,000
up €210,000 (+210%), from €100,000 to €310,000
- Trade debts +€39,947
up €39,947 (+118%), from €33,860 to €73,807
- Current portion of long-term debt -€19,474
down €19,474 (-60.7%), from €32,060 to €12,586
- Gross operating margin -€68,747
down €68,747 (-38.2%), from €179,977 to €111,230
- Staff costs -€56,401
down €56,401 (-51.8%), from €108,982 to €52,581
- Depreciation -€15,699
down €15,699 (-28.8%), from €54,521 to €38,823
- Other operating charges +€2,160
up €2,160 (+43.8%), from €4,928 to €7,088
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 | €512,370 | €730,921 | +€218,552 | +42.7% |
| Fixed assets | 21/28 | €75,818 | €36,995 | -€38,823 | -51.2% |
| Tangible fixed assets | 22/27 | €73,217 | €34,395 | -€38,823 | -53.0% |
| Plant, machinery and equipment | 23 | €16,578 | €10,249 | -€6,329 | -38.2% |
| Furniture and vehicles | 24 | €542 | - | -€542 | |
| Leasing and similar rights | 25 | €35,261 | €22,549 | -€12,712 | -36.1% |
| Other tangible fixed assets | 26 | €20,837 | €1,597 | -€19,240 | -92.3% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €436,552 | €693,926 | +€257,374 | +59.0% |
| Stocks and contracts in progress | 3 | €369,332 | €588,882 | +€219,550 | +59.4% |
| Contracts in progress | 37 | €369,332 | €588,882 | +€219,550 | +59.4% |
| Amounts receivable within one year | 40/41 | €54,212 | €52,196 | -€2,017 | -3.7% |
| Trade receivables | 40 | €35,712 | €5,938 | -€29,774 | -83.4% |
| Other amounts receivable | 41 | €18,500 | €46,258 | +€27,758 | +150% |
| Cash at bank and in hand | 54/58 | €8,103 | €47,369 | +€39,267 | +485% |
| Deferred charges and accrued income | 490/1 | €4,905 | €5,479 | +€574 | +11.7% |
| Total equity and liabilities | 10/49 | €512,370 | €730,921 | +€218,552 | +42.7% |
| Equity | 10/15 | €315,378 | €91,508 | -€223,870 | -71.0% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €265,778 | €41,908 | -€223,870 | -84.2% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €253,918 | €30,048 | -€223,870 | -88.2% |
| Amounts payable | 17/49 | €196,992 | €639,413 | +€442,422 | +225% |
| Amounts payable after more than one year | 17 | €14,312 | €1,155 | -€13,157 | -91.9% |
| Financial debts | 170/4 | €14,312 | €1,155 | -€13,157 | -91.9% |
| Amounts payable within one year | 42/48 | €179,655 | €625,258 | +€445,603 | +248% |
| Current portion of amounts payable after more than one year | 42 | €32,060 | €12,586 | -€19,474 | -60.7% |
| Financial debts | 43 | €100,000 | €310,000 | +€210,000 | +210% |
| Credit institutions | 430/8 | €100,000 | €310,000 | +€210,000 | +210% |
| Trade debts | 44 | €33,860 | €73,807 | +€39,947 | +118% |
| Suppliers | 440/4 | €33,860 | €73,807 | +€39,947 | +118% |
| Taxes, remuneration and social security | 45 | €13,331 | €1,880 | -€11,451 | -85.9% |
| Taxes | 450/3 | €12,432 | €1,600 | -€10,832 | -87.1% |
| Remuneration and social security | 454/9 | €899 | €280 | -€620 | -68.9% |
| Other amounts payable | 47/48 | €404 | €226,985 | +€226,581 | +56,108% |
| Accrued charges and deferred income | 492/3 | €3,024 | €13,000 | +€9,976 | +330% |
| Non-recurring operating income | 76A | €3,084 | €10,530 | +€7,446 | +241% |
| Remuneration, social security and pensions | 62 | €108,982 | €52,581 | -€56,401 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,521 | €38,823 | -€15,699 | -28.8% |
| Other operating charges | 640/8 | €4,928 | €7,088 | +€2,160 | +43.8% |
| Gross operating margin | 9900 | €179,977 | €111,230 | -€68,747 | -38.2% |
| Operating profit (loss) | 9901 | €11,546 | €12,739 | +€1,192 | +10.3% |
| Financial income | 75/76B | €3 | €188 | +€185 | +6,260% |
| Recurring financial income | 75 | €3 | €188 | +€185 | +6,260% |
| Financial charges | 65/66B | €9,752 | €10,817 | +€1,065 | +10.9% |
| Recurring financial charges | 65 | €9,752 | €10,817 | +€1,065 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,797 | €2,109 | +€313 | +17.4% |
| Income taxes | 67/77 | €1,310 | €1,376 | +€65 | +5.0% |
| Profit (loss) for the period | 9904 | €486 | €733 | +€247 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €486 | €733 | +€247 | +50.8% |
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 20 October 2026 via checked.be.