VEROBEX: 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.
VEROBEX
Largest movements
- Current investments +€73,582
up €73,582 (+143.8%), from €51,181 to €124,763
- Financial fixed assets +€29,152
up €29,152 (+16.3%), from €178,851 to €208,002
- Cash -€14,095
down €14,095 (-4.8%), from €290,679 to €276,584
mainly Contributions, distributions and other (-€84,300) and Current investments (-€73,582)
- Receivables within one year -€6,793
down €6,793 (-58.3%), from €11,652 to €4,858
of which Other amounts receivable: -€11,652
- Other debts +€53,994
new in 2025: €53,994
- Reserves +€19,198
up €19,198 (+3.4%), from €568,349 to €587,547
of which Distributable reserves: +€19,198
- Gross operating margin -€27,002
down €27,002 (-15.1%), from €178,295 to €151,293
- Taxes -€9,756
down €9,756 (-18.3%), from €53,405 to €43,649
- Depreciation +€2,161
up €2,161 (+49.4%), from €4,375 to €6,535
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 | €583,953 | €664,028 | +€80,075 | +13.7% |
| Fixed assets | 21/28 | €207,078 | €238,579 | +€31,501 | +15.2% |
| Tangible fixed assets | 22/27 | €28,227 | €30,577 | +€2,350 | +8.3% |
| Land and buildings | 22 | €1,658 | €1,217 | -€441 | -26.6% |
| Furniture and vehicles | 24 | €26,569 | €29,360 | +€2,791 | +10.5% |
| Financial fixed assets | 28 | €178,851 | €208,002 | +€29,152 | +16.3% |
| Current assets | 29/58 | €376,875 | €425,449 | +€48,573 | +12.9% |
| Amounts receivable within one year | 40/41 | €11,652 | €4,858 | -€6,793 | -58.3% |
| Trade receivables | 40 | - | €4,858 | +€4,858 | |
| Other amounts receivable | 41 | €11,652 | - | -€11,652 | |
| Current investments | 50/53 | €51,181 | €124,763 | +€73,582 | +143.8% |
| Cash at bank and in hand | 54/58 | €290,679 | €276,584 | -€14,095 | -4.8% |
| Deferred charges and accrued income | 490/1 | €23,363 | €19,243 | -€4,120 | -17.6% |
| Total equity and liabilities | 10/49 | €583,953 | €664,028 | +€80,075 | +13.7% |
| Equity | 10/15 | €581,319 | €600,518 | +€19,199 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €568,349 | €587,547 | +€19,198 | +3.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €566,490 | €585,688 | +€19,198 | +3.4% |
| Profit (loss) carried forward | 14 | €570 | €571 | +€1 | +0.2% |
| Amounts payable | 17/49 | €2,634 | €63,510 | +€60,876 | +2310.8% |
| Amounts payable within one year | 42/48 | €2,634 | €62,725 | +€60,090 | +2281.0% |
| Trade debts | 44 | €1,634 | €4,772 | +€3,138 | +192.0% |
| Suppliers | 440/4 | €1,634 | €4,772 | +€3,138 | +192.0% |
| Taxes, remuneration and social security | 45 | €1,000 | €3,958 | +€2,958 | +295.8% |
| Taxes | 450/3 | - | €3,958 | +€3,958 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €53,994 | +€53,994 | |
| Accrued charges and deferred income | 492/3 | - | €785 | +€785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,375 | €6,535 | +€2,161 | +49.4% |
| Other operating charges | 640/8 | €961 | €911 | -€51 | -5.3% |
| Gross operating margin | 9900 | €178,295 | €151,293 | -€27,002 | -15.1% |
| Operating profit (loss) | 9901 | €172,960 | €143,847 | -€29,112 | -16.8% |
| Financial income | 75/76B | €5,072 | €4,216 | -€856 | -16.9% |
| Recurring financial income | 75 | €5,072 | €4,216 | -€856 | -16.9% |
| Financial charges | 65/66B | €635 | €916 | +€281 | +44.2% |
| Recurring financial charges | 65 | €635 | €916 | +€281 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €177,396 | €147,148 | -€30,248 | -17.1% |
| Income taxes | 67/77 | €53,405 | €43,649 | -€9,756 | -18.3% |
| Profit (loss) for the period | 9904 | €123,991 | €103,499 | -€20,492 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €123,991 | €103,499 | -€20,492 | -16.5% |
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 1 October 2026 via checked.be.