D.M.VERDIE: 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.
D.M.VERDIE
Largest movements
- Cash -€83,008
down €83,008 (-40.1%), from €207,059 to €124,051
mainly Tax, wage and social debts (-€87,354) and Other debts (-€19,530)
- Stocks and contracts -€9,765
down €9,765 (-100%), from €9,765 to €0
- Receivables within one year -€2,855
down €2,855 (-55.1%), from €5,183 to €2,328
of which Trade receivables: -€3,500
- Tax, wage and social debts -€87,354
down €87,354 (-95.9%), from €91,050 to €3,695
of which Taxes: -€87,354
- Other debts -€19,530
down €19,530 (-99.9%), from €19,556 to €26
- Reserves +€11,089
up €11,089 (+14.9%), from €74,587 to €85,676
- Gross operating margin -€148,088
down €148,088 (-87.5%), from €169,321 to €21,233
- Financial charges -€21,753
down €21,753 (-99.7%), from €21,814 to €61
- Taxes -€5,514
down €5,514 (-49.1%), from €11,229 to €5,715
- Other operating charges +€3,168
up €3,168 (+175%), from €1,807 to €4,974
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 | €224,216 | €126,740 | -€97,476 | -43.5% |
| Fixed assets | 21/28 | €2,210 | €361 | -€1,849 | -83.7% |
| Tangible fixed assets | 22/27 | €2,210 | €361 | -€1,849 | -83.7% |
| Furniture and vehicles | 24 | €2,210 | €361 | -€1,849 | -83.7% |
| Current assets | 29/58 | €222,006 | €126,378 | -€95,628 | -43.1% |
| Stocks and contracts in progress | 3 | €9,765 | €0 | -€9,765 | -100% |
| Stocks | 30/36 | €9,765 | €0 | -€9,765 | -100% |
| Amounts receivable within one year | 40/41 | €5,183 | €2,328 | -€2,855 | -55.1% |
| Trade receivables | 40 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Other amounts receivable | 41 | €183 | €828 | +€645 | +353% |
| Cash at bank and in hand | 54/58 | €207,059 | €124,051 | -€83,008 | -40.1% |
| Total equity and liabilities | 10/49 | €224,216 | €126,740 | -€97,476 | -43.5% |
| Equity | 10/15 | €93,428 | €104,516 | +€11,089 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,587 | €85,676 | +€11,089 | +14.9% |
| Distributable reserves | 133 | €74,587 | €85,676 | +€11,089 | +14.9% |
| Profit (loss) carried forward | 14 | €12,640 | €12,640 | = | 0.0% |
| Amounts payable | 17/49 | €130,788 | €22,223 | -€108,565 | -83.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,766 | €22,223 | -€107,543 | -82.9% |
| Trade debts | 44 | €19,161 | €18,502 | -€659 | -3.4% |
| Suppliers | 440/4 | €19,161 | €18,502 | -€659 | -3.4% |
| Taxes, remuneration and social security | 45 | €91,050 | €3,695 | -€87,354 | -95.9% |
| Taxes | 450/3 | €91,050 | €3,695 | -€87,354 | -95.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,556 | €26 | -€19,530 | -99.9% |
| Accrued charges and deferred income | 492/3 | €1,022 | €0 | -€1,022 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €317 | -€722 | -69.5% |
| Other operating charges | 640/8 | €1,807 | €4,974 | +€3,168 | +175% |
| Gross operating margin | 9900 | €169,321 | €21,233 | -€148,088 | -87.5% |
| Operating profit (loss) | 9901 | €166,476 | €15,942 | -€150,534 | -90.4% |
| Financial income | 75/76B | €458 | €922 | +€464 | +101% |
| Recurring financial income | 75 | €458 | €922 | +€464 | +101% |
| Financial charges | 65/66B | €21,814 | €61 | -€21,753 | -99.7% |
| Recurring financial charges | 65 | €21,814 | €61 | -€21,753 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €145,121 | €16,803 | -€128,317 | -88.4% |
| Income taxes | 67/77 | €11,229 | €5,715 | -€5,514 | -49.1% |
| Profit (loss) for the period | 9904 | €133,891 | €11,089 | -€122,803 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,891 | €11,089 | -€122,803 | -91.7% |
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 28 October 2026 via checked.be.