DE VERDELGER: 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.
DE VERDELGER
Largest movements
- Receivables within one year -€29,969
down €29,969 (-43.6%), from €68,805 to €38,836
of which Trade receivables: -€29,567
- Cash -€6,087
down €6,087 (-40.7%), from €14,954 to €8,866
mainly Tax, wage and social debts (-€24,315) and Other debts (-€18,884)
- Tangible fixed assets -€4,766
down €4,766 (-2.1%), from €222,181 to €217,415
of which Furniture and vehicles: -€6,888
- Tax, wage and social debts -€24,315
down €24,315 (-38.5%), from €63,164 to €38,849
of which Remuneration and social security: -€12,780
- Trade debts +€23,203
up €23,203 (+108%), from €21,467 to €44,670
- Other debts -€18,884
down €18,884 (-56.4%), from €33,504 to €14,621
- Debts after one year -€15,208
down €15,208 (-9.9%), from €153,143 to €137,934
- Current portion of long-term debt -€9,264
down €9,264 (-37.9%), from €24,473 to €15,208
- Staff costs -€125,298
down €125,298 (-65.1%), from €192,379 to €67,081
- Gross operating margin -€90,615
down €90,615 (-43.8%), from €206,897 to €116,282
- Depreciation -€9,226
down €9,226 (-34.8%), from €26,478 to €17,252
- Financial charges -€7,396
down €7,396 (-36.3%), from €20,359 to €12,963
- Other operating charges -€3,164
down €3,164 (-39.3%), from €8,041 to €4,877
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 | €315,335 | €275,338 | -€39,997 | -12.7% |
| Fixed assets | 21/28 | €222,863 | €217,452 | -€5,412 | -2.4% |
| Intangible fixed assets | 21 | €683 | €37 | -€646 | -94.6% |
| Tangible fixed assets | 22/27 | €222,181 | €217,415 | -€4,766 | -2.1% |
| Land and buildings | 22 | €190,338 | €185,907 | -€4,431 | -2.3% |
| Plant, machinery and equipment | 23 | €18,925 | €26,006 | +€7,081 | +37.4% |
| Furniture and vehicles | 24 | €10,898 | €4,010 | -€6,888 | -63.2% |
| Other tangible fixed assets | 26 | €2,019 | €1,492 | -€528 | -26.1% |
| Current assets | 29/58 | €92,472 | €57,886 | -€34,586 | -37.4% |
| Stocks and contracts in progress | 3 | €1,600 | €800 | -€800 | -50.0% |
| Stocks | 30/36 | €1,600 | €800 | -€800 | -50.0% |
| Amounts receivable within one year | 40/41 | €68,805 | €38,836 | -€29,969 | -43.6% |
| Trade receivables | 40 | €68,340 | €38,773 | -€29,567 | -43.3% |
| Other amounts receivable | 41 | €465 | €63 | -€402 | -86.4% |
| Cash at bank and in hand | 54/58 | €14,954 | €8,866 | -€6,087 | -40.7% |
| Deferred charges and accrued income | 490/1 | €7,113 | €9,384 | +€2,271 | +31.9% |
| Total equity and liabilities | 10/49 | €315,335 | €275,338 | -€39,997 | -12.7% |
| Equity | 10/15 | €16,284 | €23,557 | +€7,273 | +44.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,284 | €20,557 | +€7,273 | +54.7% |
| Distributable reserves | 133 | €13,284 | €20,557 | +€7,273 | +54.7% |
| Amounts payable | 17/49 | €299,051 | €251,781 | -€47,270 | -15.8% |
| Amounts payable after more than one year | 17 | €153,143 | €137,934 | -€15,208 | -9.9% |
| Financial debts | 170/4 | €153,143 | €137,934 | -€15,208 | -9.9% |
| Amounts payable within one year | 42/48 | €143,103 | €113,348 | -€29,756 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €24,473 | €15,208 | -€9,264 | -37.9% |
| Trade debts | 44 | €21,467 | €44,670 | +€23,203 | +108% |
| Suppliers | 440/4 | €21,467 | €44,670 | +€23,203 | +108% |
| Advances received on contracts in progress | 46 | €496 | - | -€496 | |
| Taxes, remuneration and social security | 45 | €63,164 | €38,849 | -€24,315 | -38.5% |
| Taxes | 450/3 | €31,886 | €20,351 | -€11,534 | -36.2% |
| Remuneration and social security | 454/9 | €31,278 | €18,498 | -€12,780 | -40.9% |
| Other amounts payable | 47/48 | €33,504 | €14,621 | -€18,884 | -56.4% |
| Accrued charges and deferred income | 492/3 | €2,805 | €499 | -€2,306 | -82.2% |
| Non-recurring operating income | 76A | €1,409 | €991 | -€418 | -29.6% |
| Remuneration, social security and pensions | 62 | €192,379 | €67,081 | -€125,298 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,478 | €17,252 | -€9,226 | -34.8% |
| Other operating charges | 640/8 | €8,041 | €4,877 | -€3,164 | -39.3% |
| Non-recurring operating charges | 66A | €25,650 | €6,845 | -€18,806 | -73.3% |
| Gross operating margin | 9900 | €206,897 | €116,282 | -€90,615 | -43.8% |
| Operating profit (loss) | 9901 | -€45,651 | €20,227 | +€65,878 | |
| Financial income | 75/76B | €272 | €8 | -€263 | -96.9% |
| Recurring financial income | 75 | €272 | €8 | -€263 | -96.9% |
| Financial charges | 65/66B | €20,359 | €12,963 | -€7,396 | -36.3% |
| Recurring financial charges | 65 | €20,359 | €12,963 | -€7,396 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,738 | €7,273 | +€73,011 | |
| Income taxes | 67/77 | €1,419 | - | -€1,419 | |
| Profit (loss) for the period | 9904 | -€67,157 | €7,273 | +€74,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,157 | €7,273 | +€74,430 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.