VERBACON: 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.
VERBACON
Largest movements
- Receivables within one year +€11,602
up €11,602 (+19.9%), from €58,382 to €69,985
of which Other amounts receivable: +€15,958
- Cash -€9,398
down €9,398 (-23.5%), from €40,008 to €30,610
mainly Other debts (-€17,500) and Receivables within one year (-€11,602)
- Receivables after one year -€7,564
down €7,564 (-32.2%), from €23,457 to €15,893
- Other debts -€17,500
down €17,500 (-100%), from €17,500 to €0
- Reserves +€17,426
up €17,426 (+19.9%), from €87,527 to €104,952
- Tax, wage and social debts -€5,915
down €5,915 (-40.9%), from €14,456 to €8,541
- Gross operating margin -€21,749
down €21,749 (-32.6%), from €66,652 to €44,902
- Taxes -€2,839
down €2,839 (-19.5%), from €14,549 to €11,710
- Other operating charges -€1,252
down €1,252 (-54.1%), from €2,313 to €1,062
- Depreciation -€871
down €871 (-44.4%), from €1,960 to €1,089
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 | €129,150 | €122,735 | -€6,415 | -5.0% |
| Fixed assets | 21/28 | €4,588 | €3,499 | -€1,089 | -23.7% |
| Tangible fixed assets | 22/27 | €4,588 | €3,499 | -€1,089 | -23.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,588 | €3,499 | -€1,089 | -23.7% |
| Current assets | 29/58 | €124,562 | €119,236 | -€5,326 | -4.3% |
| Amounts receivable after more than one year | 29 | €23,457 | €15,893 | -€7,564 | -32.2% |
| Other amounts receivable | 291 | €23,457 | €15,893 | -€7,564 | -32.2% |
| Amounts receivable within one year | 40/41 | €58,382 | €69,985 | +€11,602 | +19.9% |
| Trade receivables | 40 | €34,848 | €30,492 | -€4,356 | -12.5% |
| Other amounts receivable | 41 | €23,534 | €39,493 | +€15,958 | +67.8% |
| Cash at bank and in hand | 54/58 | €40,008 | €30,610 | -€9,398 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,715 | €2,749 | +€34 | +1.3% |
| Total equity and liabilities | 10/49 | €129,150 | €122,735 | -€6,415 | -5.0% |
| Equity | 10/15 | €93,727 | €111,152 | +€17,426 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,527 | €104,952 | +€17,426 | +19.9% |
| Distributable reserves | 133 | €87,527 | €104,952 | +€17,426 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,424 | €11,583 | -€23,840 | -67.3% |
| Amounts payable within one year | 42/48 | €35,424 | €11,571 | -€23,852 | -67.3% |
| Trade debts | 44 | €3,467 | €3,030 | -€437 | -12.6% |
| Suppliers | 440/4 | €3,467 | €3,030 | -€437 | -12.6% |
| Taxes, remuneration and social security | 45 | €14,456 | €8,541 | -€5,915 | -40.9% |
| Taxes | 450/3 | €14,456 | €8,541 | -€5,915 | -40.9% |
| Other amounts payable | 47/48 | €17,500 | €0 | -€17,500 | -100% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,960 | €1,089 | -€871 | -44.4% |
| Other operating charges | 640/8 | €2,313 | €1,062 | -€1,252 | -54.1% |
| Gross operating margin | 9900 | €66,652 | €44,902 | -€21,749 | -32.6% |
| Operating profit (loss) | 9901 | €62,378 | €42,752 | -€19,626 | -31.5% |
| Financial income | 75/76B | €2,020 | €1,953 | -€67 | -3.3% |
| Recurring financial income | 75 | €2,020 | €1,953 | -€67 | -3.3% |
| Financial charges | 65/66B | €4,962 | €4,777 | -€185 | -3.7% |
| Recurring financial charges | 65 | €4,962 | €4,777 | -€185 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €59,436 | €39,928 | -€19,508 | -32.8% |
| Income taxes | 67/77 | €14,549 | €11,710 | -€2,839 | -19.5% |
| Profit (loss) for the period | 9904 | €44,887 | €28,218 | -€16,669 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,887 | €28,218 | -€16,669 | -37.1% |
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 14 October 2026 via checked.be.