Verburgh: what changed
What changed
Verburgh
filed annual accounts (NBB)
Net result for the year
-€71,536
2024 · -€51,557-€19,979
Equity
€961,356
2024 · €1.0m-€71,536
Cash
€5,280
2024 · €8,037-€2,757
Balance sheet total
€2.6m
2024 · €3.0m-€370,688
Largest movements
Assets
- Receivables within one year -€246,810
down €246,810 (-46.6%), from €529,530 to €282,720
of which Other amounts receivable: -€214,310
- Tangible fixed assets -€121,121
down €121,121 (-5.3%), from €2.3m to €2.2m
of which Land and buildings: -€66,218
Equity and liabilities
- Short-term financial debts -€151,500
down €151,500 (-67.0%), from €226,000 to €74,500
- Reserves -€73,706
down €73,706 (-7.6%), from €968,890 to €895,185
of which Tax-exempt reserves: -€73,706
- Other debts -€66,801
down €66,801 (-43.1%), from €154,972 to €88,171
- Provisions -€49,137
down €49,137 (-17.7%), from €278,268 to €229,131
- Debts after one year -€30,488
down €30,488 (-2.4%), from €1.2m to €1.2m
Income statement
- Gross operating margin -€29,636
down €29,636 (-22.8%), from €129,890 to €100,254
- Taxes +€2,632
up €2,632 (+221%), from €1,191 to €3,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€51,557
Gross operating margin
-€29,636
Depreciation
-€356
Other operating charges
-€883
Financial income
+€13
Financial charges
-€1,246
Taxes
-€2,632
Deferred taxes and other
+€14,760
Result 2025
-€71,536
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€177,943
Investment
€0
Financing
-€180,700
Cash 2024
€8,037
From operations (derived)
+€177,943
Net result for the year
-€71,536
Depreciation
+€121,121
Receivables within one year
+€246,810
Provisions
-€49,137
Trade debts
-€6,802
Tax, wage and social debts
+€512
Other debts
-€66,801
Accrued charges and deferred income
+€3,775
Financing
-€180,700
Debts after one year
-€30,488
Current portion of long-term debt
+€1,288
Short-term financial debts
-€151,500
Cash 2025
€5,280
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,988,630 | €2,617,942 | -€370,688 | -12.4% |
| Fixed assets | 21/28 | €2,447,246 | €2,326,124 | -€121,121 | -4.9% |
| Tangible fixed assets | 22/27 | €2,279,346 | €2,158,224 | -€121,121 | -5.3% |
| Land and buildings | 22 | €1,797,004 | €1,730,786 | -€66,218 | -3.7% |
| Furniture and vehicles | 24 | €143,687 | €115,111 | -€28,576 | -19.9% |
| Other tangible fixed assets | 26 | €338,654 | €312,327 | -€26,327 | -7.8% |
| Financial fixed assets | 28 | €167,900 | €167,900 | = | 0.0% |
| Current assets | 29/58 | €541,384 | €291,818 | -€249,567 | -46.1% |
| Amounts receivable within one year | 40/41 | €529,530 | €282,720 | -€246,810 | -46.6% |
| Trade receivables | 40 | €32,500 | - | -€32,500 | |
| Other amounts receivable | 41 | €497,030 | €282,720 | -€214,310 | -43.1% |
| Cash at bank and in hand | 54/58 | €8,037 | €5,280 | -€2,757 | -34.3% |
| Deferred charges and accrued income | 490/1 | €3,818 | €3,818 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,988,630 | €2,617,942 | -€370,688 | -12.4% |
| Equity | 10/15 | €1,032,892 | €961,356 | -€71,536 | -6.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €968,890 | €895,185 | -€73,706 | -7.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €416,527 | €342,822 | -€73,706 | -17.7% |
| Distributable reserves | 133 | €546,163 | €546,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,002 | €4,171 | +€2,170 | +108% |
| Provisions and deferred taxes | 16 | €278,268 | €229,131 | -€49,137 | -17.7% |
| Deferred taxes | 168 | €278,268 | €229,131 | -€49,137 | -17.7% |
| Amounts payable | 17/49 | €1,677,470 | €1,427,455 | -€250,015 | -14.9% |
| Amounts payable after more than one year | 17 | €1,246,137 | €1,215,649 | -€30,488 | -2.4% |
| Financial debts | 170/4 | €1,246,137 | €1,215,649 | -€30,488 | -2.4% |
| Amounts payable within one year | 42/48 | €428,972 | €205,670 | -€223,302 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €29,200 | €30,488 | +€1,288 | +4.4% |
| Financial debts | 43 | €226,000 | €74,500 | -€151,500 | -67.0% |
| Credit institutions | 430/8 | €226,000 | €74,500 | -€151,500 | -67.0% |
| Trade debts | 44 | €7,162 | €360 | -€6,802 | -95.0% |
| Suppliers | 440/4 | €7,162 | €360 | -€6,802 | -95.0% |
| Taxes, remuneration and social security | 45 | €11,639 | €12,151 | +€512 | +4.4% |
| Taxes | 450/3 | €11,639 | €12,151 | +€512 | +4.4% |
| Other amounts payable | 47/48 | €154,972 | €88,171 | -€66,801 | -43.1% |
| Accrued charges and deferred income | 492/3 | €2,360 | €6,135 | +€3,775 | +160% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,765 | €121,121 | +€356 | +0.3% |
| Other operating charges | 640/8 | €33,331 | €34,214 | +€883 | +2.6% |
| Gross operating margin | 9900 | €129,890 | €100,254 | -€29,636 | -22.8% |
| Operating profit (loss) | 9901 | -€24,207 | -€55,081 | -€30,875 | -128% |
| Financial income | 75/76B | €83 | €96 | +€13 | +16.2% |
| Recurring financial income | 75 | €83 | €96 | +€13 | +16.2% |
| Financial charges | 65/66B | €60,619 | €61,866 | +€1,246 | +2.1% |
| Recurring financial charges | 65 | €60,619 | €61,866 | +€1,246 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€84,744 | -€116,851 | -€32,107 | -37.9% |
| Transfer from deferred taxes | 780 | €34,377 | €49,137 | +€14,760 | +42.9% |
| Income taxes | 67/77 | €1,191 | €3,822 | +€2,632 | +221% |
| Profit (loss) for the period | 9904 | -€51,557 | -€71,536 | -€19,979 | -38.8% |
| Transfer from tax-exempt reserves | 789 | €51,565 | €73,706 | +€22,140 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8 | €2,170 | +€2,162 | +26,819% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.