H.VERDONCKT: 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.
H.VERDONCKT
Largest movements
- Cash +€37,733
up €37,733 (+69.7%), from €54,106 to €91,840
mainly Net result for the year (+€14,877) and Receivables within one year (+€11,660)
- Receivables within one year -€11,660
down €11,660 (-94.3%), from €12,360 to €700
of which Trade receivables: -€6,655
- Tangible fixed assets -€7,170
down €7,170 (-5.3%), from €135,035 to €127,865
- Deferred charges and accrued income +€4,604
up €4,604 (+472%), from €976 to €5,581
- Reserves +€14,877
up €14,877 (+11.7%), from €127,628 to €142,505
- Trade debts +€5,329
up €5,329 (+958%), from €556 to €5,886
- Accrued charges and deferred income +€3,144
up €3,144 (+158%), from €1,988 to €5,132
- Tax, wage and social debts +€2,616
up €2,616 (+208%), from €1,255 to €3,870
- Other debts -€2,459
down €2,459 (-4.2%), from €58,650 to €56,192
- Gross operating margin +€12,168
up €12,168 (+55.1%), from €22,094 to €34,262
- Financial charges +€3,849
up €3,849 (+976%), from €394 to €4,243
- Taxes +€3,506
up €3,506 (+110%), from €3,189 to €6,695
- Other operating charges -€2,361
down €2,361 (-64.9%), from €3,638 to €1,277
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 | €202,478 | €225,985 | +€23,507 | +11.6% |
| Fixed assets | 21/28 | €135,035 | €127,865 | -€7,170 | -5.3% |
| Tangible fixed assets | 22/27 | €135,035 | €127,865 | -€7,170 | -5.3% |
| Land and buildings | 22 | €135,035 | €127,865 | -€7,170 | -5.3% |
| Current assets | 29/58 | €67,443 | €98,120 | +€30,677 | +45.5% |
| Amounts receivable within one year | 40/41 | €12,360 | €700 | -€11,660 | -94.3% |
| Trade receivables | 40 | €7,355 | €700 | -€6,655 | -90.5% |
| Other amounts receivable | 41 | €5,005 | €0 | -€5,005 | -100% |
| Cash at bank and in hand | 54/58 | €54,106 | €91,840 | +€37,733 | +69.7% |
| Deferred charges and accrued income | 490/1 | €976 | €5,581 | +€4,604 | +472% |
| Total equity and liabilities | 10/49 | €202,478 | €225,985 | +€23,507 | +11.6% |
| Equity | 10/15 | €140,028 | €154,905 | +€14,877 | +10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,628 | €142,505 | +€14,877 | +11.7% |
| Distributable reserves | 133 | €127,628 | €142,505 | +€14,877 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,450 | €71,080 | +€8,631 | +13.8% |
| Amounts payable within one year | 42/48 | €60,461 | €65,948 | +€5,486 | +9.1% |
| Trade debts | 44 | €556 | €5,886 | +€5,329 | +958% |
| Suppliers | 440/4 | €556 | €5,886 | +€5,329 | +958% |
| Taxes, remuneration and social security | 45 | €1,255 | €3,870 | +€2,616 | +208% |
| Taxes | 450/3 | €1,255 | €3,870 | +€2,616 | +208% |
| Other amounts payable | 47/48 | €58,650 | €56,192 | -€2,459 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,988 | €5,132 | +€3,144 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,170 | €7,170 | = | 0.0% |
| Other operating charges | 640/8 | €3,638 | €1,277 | -€2,361 | -64.9% |
| Gross operating margin | 9900 | €22,094 | €34,262 | +€12,168 | +55.1% |
| Operating profit (loss) | 9901 | €11,286 | €25,815 | +€14,529 | +129% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €394 | €4,243 | +€3,849 | +976% |
| Recurring financial charges | 65 | €394 | €4,243 | +€3,849 | +976% |
| Profit (loss) for the period before taxes | 9903 | €10,892 | €21,572 | +€10,680 | +98.1% |
| Income taxes | 67/77 | €3,189 | €6,695 | +€3,506 | +110% |
| Profit (loss) for the period | 9904 | €7,702 | €14,877 | +€7,174 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,702 | €14,877 | +€7,174 | +93.1% |
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 24 October 2026 via checked.be.