VERBORT: 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.
VERBORT
Largest movements
- Cash +€28,542
up €28,542 (+34.1%), from €83,766 to €112,308
mainly Net result for the year (+€33,541) and Tax, wage and social debts (+€26,018)
- Stocks and contracts +€12,645
up €12,645 (+94.9%), from €13,318 to €25,963
- Intangible fixed assets -€5,000
down €5,000 (-11.7%), from €42,916 to €37,916
- Profit (loss) carried forward +€33,541
up €33,541 (+45.1%), from -€74,326 to -€40,785
- Tax, wage and social debts +€26,018
up €26,018 (+31.4%), from €82,736 to €108,754
of which Remuneration and social security: +€28,235
- Debts after one year -€15,199
down €15,199 (-36.1%), from €42,136 to €26,937
- Trade debts -€8,468
down €8,468 (-4.5%), from €186,850 to €178,382
- Turnover -€975,999
down €975,999 (-34.1%), from €2.9m to €1.9m
- Purchases and services -€823,979
down €823,979 (-40.2%), from €2.0m to €1.2m
- Staff costs -€265,789
down €265,789 (-31.1%), from €855,367 to €589,578
- Gross operating margin -€151,004
down €151,004 (-18.5%), from €816,911 to €665,907
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 | €261,961 | €298,487 | +€36,526 | +13.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €146,878 | €142,690 | -€4,188 | -2.9% |
| Intangible fixed assets | 21 | €42,916 | €37,916 | -€5,000 | -11.7% |
| Tangible fixed assets | 22/27 | €103,962 | €104,774 | +€812 | +0.8% |
| Land and buildings | 22 | €63,257 | €56,772 | -€6,486 | -10.3% |
| Plant, machinery and equipment | 23 | €28,340 | €25,935 | -€2,405 | -8.5% |
| Furniture and vehicles | 24 | €12,365 | €22,068 | +€9,702 | +78.5% |
| Current assets | 29/58 | €115,082 | €155,797 | +€40,714 | +35.4% |
| Stocks and contracts in progress | 3 | €13,318 | €25,963 | +€12,645 | +94.9% |
| Stocks | 30/36 | €13,318 | €25,963 | +€12,645 | +94.9% |
| Amounts receivable within one year | 40/41 | €17,999 | €15,384 | -€2,615 | -14.5% |
| Trade receivables | 40 | €9,014 | €0 | -€9,014 | -100.0% |
| Other amounts receivable | 41 | €8,985 | €15,384 | +€6,399 | +71.2% |
| Cash at bank and in hand | 54/58 | €83,766 | €112,308 | +€28,542 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €2,142 | +€2,142 | |
| Total equity and liabilities | 10/49 | €261,961 | €298,487 | +€36,526 | +13.9% |
| Equity | 10/15 | -€64,326 | -€30,785 | +€33,541 | +52.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,326 | -€40,785 | +€33,541 | +45.1% |
| Amounts payable | 17/49 | €326,287 | €329,272 | +€2,985 | +0.9% |
| Amounts payable after more than one year | 17 | €42,136 | €26,937 | -€15,199 | -36.1% |
| Financial debts | 170/4 | €42,136 | €26,937 | -€15,199 | -36.1% |
| Amounts payable within one year | 42/48 | €284,103 | €302,335 | +€18,232 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €14,517 | €15,199 | +€683 | +4.7% |
| Trade debts | 44 | €186,850 | €178,382 | -€8,468 | -4.5% |
| Suppliers | 440/4 | €186,850 | €178,382 | -€8,468 | -4.5% |
| Taxes, remuneration and social security | 45 | €82,736 | €108,754 | +€26,018 | +31.4% |
| Taxes | 450/3 | €19,693 | €17,475 | -€2,217 | -11.3% |
| Remuneration and social security | 454/9 | €63,043 | €91,278 | +€28,235 | +44.8% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €48 | €0 | -€48 | -100.0% |
| Turnover | 70 | €2,862,132 | €1,886,133 | -€975,999 | -34.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,048,766 | €1,224,788 | -€823,979 | -40.2% |
| Remuneration, social security and pensions | 62 | €855,367 | €589,578 | -€265,789 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,105 | €23,622 | +€7,517 | +46.7% |
| Other operating charges | 640/8 | €155 | €8,550 | +€8,395 | +5433.9% |
| Gross operating margin | 9900 | €816,911 | €665,907 | -€151,004 | -18.5% |
| Operating profit (loss) | 9901 | -€54,715 | €44,158 | +€98,873 | |
| Financial income | 75/76B | €149 | €3 | -€147 | -98.2% |
| Recurring financial income | 75 | €149 | €3 | -€147 | -98.2% |
| Financial charges | 65/66B | €19,761 | €10,236 | -€9,525 | -48.2% |
| Recurring financial charges | 65 | €19,761 | €10,236 | -€9,525 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€74,326 | €33,924 | +€108,250 | |
| Income taxes | 67/77 | - | €383 | +€383 | |
| Profit (loss) for the period | 9904 | -€74,326 | €33,541 | +€107,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,326 | €33,541 | +€107,867 |
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 8 October 2026 via checked.be.