BERT VERDONCK: 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.
BERT VERDONCK
Largest movements
- Receivables within one year -€36,022
down €36,022 (-93.8%), from €38,383 to €2,361
of which Trade receivables: -€37,148
- Tangible fixed assets +€10,012
up €10,012 (+4798.2%), from €209 to €10,221
of which Furniture and vehicles: +€8,054
- Cash +€1,576
up €1,576 (+55.1%), from €2,862 to €4,438
mainly Receivables within one year (+€36,022) and Net result for the year (+€21,327)
- Advances received -€48,880
down €48,880 (-100.0%), from €48,880 to €0
- Profit (loss) carried forward +€21,327
up €21,327 (+42.9%), from -€49,707 to -€28,380
- Tax, wage and social debts +€6,521
up €6,521 (+1023.7%), from €637 to €7,158
of which Taxes: +€5,406
- Trade debts -€1,721
down €1,721 (-52.4%), from €3,285 to €1,564
- Other debts -€1,209
down €1,209 (-4.1%), from €29,767 to €28,558
- Gross operating margin +€38,768
up €38,768, from -€7,266 to €31,502
- Taxes +€5,948
up €5,948 (+5883.8%), from €101 to €6,049
- Depreciation -€3,609
down €3,609 (-58.6%), from €6,162 to €2,553
- Financial charges -€1,419
down €1,419 (-73.4%), from €1,933 to €514
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 | €44,221 | €19,698 | -€24,523 | -55.5% |
| Fixed assets | 21/28 | €209 | €10,221 | +€10,012 | +4798.2% |
| Tangible fixed assets | 22/27 | €209 | €10,221 | +€10,012 | +4798.2% |
| Plant, machinery and equipment | 23 | - | €1,958 | +€1,958 | |
| Furniture and vehicles | 24 | €209 | €8,263 | +€8,054 | +3859.8% |
| Current assets | 29/58 | €44,012 | €9,477 | -€34,536 | -78.5% |
| Amounts receivable within one year | 40/41 | €38,383 | €2,361 | -€36,022 | -93.8% |
| Trade receivables | 40 | €38,365 | €1,216 | -€37,148 | -96.8% |
| Other amounts receivable | 41 | €18 | €1,144 | +€1,126 | +6263.5% |
| Current investments | 50/53 | €6 | €6 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,862 | €4,438 | +€1,576 | +55.1% |
| Deferred charges and accrued income | 490/1 | €2,762 | €2,672 | -€90 | -3.2% |
| Total equity and liabilities | 10/49 | €44,221 | €19,698 | -€24,523 | -55.5% |
| Equity | 10/15 | -€39,480 | -€18,152 | +€21,327 | +54.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €2,168 | €2,168 | = | 0.0% |
| Distributable reserves | 133 | €2,168 | €2,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,707 | -€28,380 | +€21,327 | +42.9% |
| Amounts payable | 17/49 | €83,701 | €37,850 | -€45,850 | -54.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €83,701 | €37,850 | -€45,850 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €962 | €0 | -€962 | -100.0% |
| Financial debts | 43 | €170 | €570 | +€400 | +235.7% |
| Credit institutions | 430/8 | €170 | €570 | +€400 | +235.7% |
| Trade debts | 44 | €3,285 | €1,564 | -€1,721 | -52.4% |
| Suppliers | 440/4 | €3,285 | €1,564 | -€1,721 | -52.4% |
| Advances received on contracts in progress | 46 | €48,880 | €0 | -€48,880 | -100.0% |
| Taxes, remuneration and social security | 45 | €637 | €7,158 | +€6,521 | +1023.7% |
| Taxes | 450/3 | €637 | €6,043 | +€5,406 | +848.6% |
| Remuneration and social security | 454/9 | €0 | €1,115 | +€1,115 | |
| Other amounts payable | 47/48 | €29,767 | €28,558 | -€1,209 | -4.1% |
| Non-recurring operating income | 76A | €220 | €9,487 | +€9,267 | +4206.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,162 | €2,553 | -€3,609 | -58.6% |
| Other operating charges | 640/8 | €921 | €859 | -€62 | -6.7% |
| Non-recurring operating charges | 66A | €571 | €220 | -€351 | -61.4% |
| Gross operating margin | 9900 | -€7,266 | €31,502 | +€38,768 | |
| Operating profit (loss) | 9901 | -€14,920 | €27,869 | +€42,789 | |
| Financial income | 75/76B | €36 | €20 | -€15 | -42.8% |
| Recurring financial income | 75 | €36 | €20 | -€15 | -42.8% |
| Financial charges | 65/66B | €1,933 | €514 | -€1,419 | -73.4% |
| Recurring financial charges | 65 | €1,933 | €514 | -€1,419 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,817 | €27,376 | +€44,193 | |
| Income taxes | 67/77 | €101 | €6,049 | +€5,948 | +5883.8% |
| Profit (loss) for the period | 9904 | -€16,918 | €21,327 | +€38,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,918 | €21,327 | +€38,245 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.