Verobo: 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.
Verobo
Largest movements
- Cash +€110,961
up €110,961 (+41.9%), from €264,943 to €375,904
mainly Net result for the year (+€138,475) and Depreciation (+€41,101)
- Current investments +€85,045
up €85,045 (+46.2%), from €183,900 to €268,945
- Tangible fixed assets -€37,199
down €37,199 (-20.1%), from €184,755 to €147,555
of which Land and buildings: -€30,940
- Receivables within one year -€29,221
down €29,221 (-59.4%), from €49,215 to €19,994
of which Other amounts receivable: -€21,326
- Reserves +€138,475
up €138,475 (+27.7%), from €499,381 to €637,856
of which Distributable reserves: +€138,475
- Debts after one year -€22,000
down €22,000 (-28.6%), from €76,999 to €54,999
- Other debts +€10,568
up €10,568 (+15.1%), from €70,127 to €80,695
- Gross operating margin +€36,602
up €36,602 (+11.7%), from €312,052 to €348,654
- Taxes +€16,785
up €16,785 (+37.9%), from €44,252 to €61,038
- Financial income +€9,618
up €9,618 (+527.7%), from €1,823 to €11,441
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 | €752,284 | €881,945 | +€129,661 | +17.2% |
| Fixed assets | 21/28 | €184,755 | €147,555 | -€37,199 | -20.1% |
| Tangible fixed assets | 22/27 | €184,755 | €147,555 | -€37,199 | -20.1% |
| Land and buildings | 22 | €146,637 | €115,697 | -€30,940 | -21.1% |
| Plant, machinery and equipment | 23 | €27,719 | €21,290 | -€6,430 | -23.2% |
| Furniture and vehicles | 24 | €10,398 | €10,569 | +€170 | +1.6% |
| Current assets | 29/58 | €567,530 | €734,390 | +€166,860 | +29.4% |
| Stocks and contracts in progress | 3 | €69,472 | €69,547 | +€75 | +0.1% |
| Stocks | 30/36 | €69,472 | €69,547 | +€75 | +0.1% |
| Amounts receivable within one year | 40/41 | €49,215 | €19,994 | -€29,221 | -59.4% |
| Trade receivables | 40 | €20,329 | €12,434 | -€7,894 | -38.8% |
| Other amounts receivable | 41 | €28,886 | €7,560 | -€21,326 | -73.8% |
| Current investments | 50/53 | €183,900 | €268,945 | +€85,045 | +46.2% |
| Cash at bank and in hand | 54/58 | €264,943 | €375,904 | +€110,961 | +41.9% |
| Total equity and liabilities | 10/49 | €752,284 | €881,945 | +€129,661 | +17.2% |
| Equity | 10/15 | €511,781 | €650,256 | +€138,475 | +27.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €499,381 | €637,856 | +€138,475 | +27.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €480,631 | €619,106 | +€138,475 | +28.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €240,503 | €231,690 | -€8,814 | -3.7% |
| Amounts payable after more than one year | 17 | €76,999 | €54,999 | -€22,000 | -28.6% |
| Financial debts | 170/4 | €76,999 | €54,999 | -€22,000 | -28.6% |
| Amounts payable within one year | 42/48 | €163,504 | €176,242 | +€12,738 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €22,000 | = | 0.0% |
| Trade debts | 44 | €24,840 | €30,233 | +€5,393 | +21.7% |
| Suppliers | 440/4 | €24,840 | €30,233 | +€5,393 | +21.7% |
| Taxes, remuneration and social security | 45 | €46,537 | €43,314 | -€3,223 | -6.9% |
| Taxes | 450/3 | €29,084 | €29,986 | +€902 | +3.1% |
| Remuneration and social security | 454/9 | €17,453 | €13,328 | -€4,125 | -23.6% |
| Other amounts payable | 47/48 | €70,127 | €80,695 | +€10,568 | +15.1% |
| Accrued charges and deferred income | 492/3 | - | €448 | +€448 | |
| Remuneration, social security and pensions | 62 | €115,156 | €112,137 | -€3,019 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,124 | €41,101 | +€977 | +2.4% |
| Other operating charges | 640/8 | €5,081 | €2,173 | -€2,908 | -57.2% |
| Gross operating margin | 9900 | €312,052 | €348,654 | +€36,602 | +11.7% |
| Operating profit (loss) | 9901 | €151,691 | €193,243 | +€41,552 | +27.4% |
| Financial income | 75/76B | €1,823 | €11,441 | +€9,618 | +527.7% |
| Recurring financial income | 75 | €1,823 | €11,441 | +€9,618 | +527.7% |
| Financial charges | 65/66B | €6,270 | €5,172 | -€1,098 | -17.5% |
| Recurring financial charges | 65 | €6,270 | €5,172 | -€1,098 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €147,243 | €199,512 | +€52,269 | +35.5% |
| Income taxes | 67/77 | €44,252 | €61,038 | +€16,785 | +37.9% |
| Profit (loss) for the period | 9904 | €102,991 | €138,475 | +€35,484 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,991 | €138,475 | +€35,484 | +34.5% |
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 11 October 2026 via checked.be.