DE VERTE: 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 VERTE
Largest movements
- Cash +€345,099
up €345,099 (+269.0%), from €128,301 to €473,400
mainly Current investments (+€300,000) and Net result for the year (+€97,769)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year +€10,310
up €10,310 (+27.4%), from €37,570 to €47,880
of which Trade receivables: +€11,118
- Other debts +€87,333
up €87,333 (+2684.7%), from €3,253 to €90,586
- Reserves -€60,736
down €60,736 (-10.0%), from €606,312 to €545,576
- Tax, wage and social debts +€12,238
up €12,238 (+138.9%), from €8,811 to €21,049
- Profit (loss) carried forward +€11,341
up €11,341 (+759.4%), from €1,493 to €12,834
- Staff costs +€12,305
new in 2025: €12,305
- Gross operating margin +€5,379
up €5,379 (+3.2%), from €167,831 to €173,210
- Depreciation -€4,379
down €4,379 (-15.3%), from €28,550 to €24,171
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 | €629,813 | €682,041 | +€52,228 | +8.3% |
| Fixed assets | 21/28 | €62,384 | €59,669 | -€2,715 | -4.4% |
| Tangible fixed assets | 22/27 | €62,384 | €59,669 | -€2,715 | -4.4% |
| Land and buildings | 22 | - | €20,986 | +€20,986 | |
| Plant, machinery and equipment | 23 | €15,792 | €5,974 | -€9,819 | -62.2% |
| Furniture and vehicles | 24 | €46,591 | €32,709 | -€13,882 | -29.8% |
| Current assets | 29/58 | €567,429 | €622,372 | +€54,943 | +9.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,570 | €47,880 | +€10,310 | +27.4% |
| Trade receivables | 40 | €36,761 | €47,878 | +€11,118 | +30.2% |
| Other amounts receivable | 41 | €809 | €2 | -€807 | -99.8% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €128,301 | €473,400 | +€345,099 | +269.0% |
| Deferred charges and accrued income | 490/1 | €1,558 | €1,092 | -€466 | -29.9% |
| Total equity and liabilities | 10/49 | €629,813 | €682,041 | +€52,228 | +8.3% |
| Equity | 10/15 | €614,085 | €564,690 | -€49,395 | -8.0% |
| Contributions | 10/11 | €6,280 | €6,280 | = | 0.0% |
| Reserves | 13 | €606,312 | €545,576 | -€60,736 | -10.0% |
| Distributable reserves | 133 | €606,312 | €545,576 | -€60,736 | -10.0% |
| Profit (loss) carried forward | 14 | €1,493 | €12,834 | +€11,341 | +759.4% |
| Amounts payable | 17/49 | €15,727 | €117,351 | +€101,624 | +646.2% |
| Amounts payable within one year | 42/48 | €15,727 | €116,612 | +€100,885 | +641.5% |
| Trade debts | 44 | €3,664 | €4,978 | +€1,314 | +35.9% |
| Suppliers | 440/4 | €3,664 | €4,978 | +€1,314 | +35.9% |
| Taxes, remuneration and social security | 45 | €8,811 | €21,049 | +€12,238 | +138.9% |
| Taxes | 450/3 | €8,811 | €21,049 | +€12,238 | +138.9% |
| Other amounts payable | 47/48 | €3,253 | €90,586 | +€87,333 | +2684.7% |
| Accrued charges and deferred income | 492/3 | - | €739 | +€739 | |
| Remuneration, social security and pensions | 62 | - | €12,305 | +€12,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,550 | €24,171 | -€4,379 | -15.3% |
| Other operating charges | 640/8 | €2,269 | €1,810 | -€459 | -20.2% |
| Gross operating margin | 9900 | €167,831 | €173,210 | +€5,379 | +3.2% |
| Operating profit (loss) | 9901 | €137,012 | €134,924 | -€2,089 | -1.5% |
| Financial income | 75/76B | €14,057 | €13,001 | -€1,057 | -7.5% |
| Recurring financial income | 75 | €14,057 | €13,001 | -€1,057 | -7.5% |
| Financial charges | 65/66B | €71 | €995 | +€924 | +1306.8% |
| Recurring financial charges | 65 | €71 | €995 | +€924 | +1306.8% |
| Profit (loss) for the period before taxes | 9903 | €150,999 | €146,929 | -€4,070 | -2.7% |
| Income taxes | 67/77 | €50,088 | €49,160 | -€928 | -1.9% |
| Profit (loss) for the period | 9904 | €100,911 | €97,769 | -€3,142 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,911 | €97,769 | -€3,142 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.