HANDELSONDERNEMING VERDONCK: 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.
HANDELSONDERNEMING VERDONCK
Largest movements
- Tangible fixed assets -€46,944
down €46,944 (-8.6%), from €546,440 to €499,495
- Receivables within one year +€28,519
up €28,519 (+104%), from €27,489 to €56,008
of which Trade receivables: +€30,477
- Profit (loss) carried forward +€14,508
up €14,508 (+15.6%), from -€93,222 to -€78,715
- Short-term financial debts -€11,000
down €11,000 (-2.8%), from €391,500 to €380,500
of which Credit institutions: -€11,000
- Investment grants -€8,305
down €8,305 (-7.1%), from €117,173 to €108,868
- Other debts -€6,798
down €6,798 (-4.0%), from €168,358 to €161,560
- Gross operating margin -€5,471
down €5,471 (-8.2%), from €66,520 to €61,049
- Depreciation -€3,248
down €3,248 (-6.5%), from €50,192 to €46,944
- Financial charges -€1,270
down €1,270 (-35.2%), from €3,605 to €2,335
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 | €649,683 | €633,479 | -€16,205 | -2.5% |
| Fixed assets | 21/28 | €569,025 | €522,081 | -€46,944 | -8.2% |
| Tangible fixed assets | 22/27 | €546,440 | €499,495 | -€46,944 | -8.6% |
| Plant, machinery and equipment | 23 | €546,440 | €499,495 | -€46,944 | -8.6% |
| Financial fixed assets | 28 | €22,585 | €22,585 | = | 0.0% |
| Current assets | 29/58 | €80,659 | €111,398 | +€30,739 | +38.1% |
| Amounts receivable within one year | 40/41 | €27,489 | €56,008 | +€28,519 | +104% |
| Trade receivables | 40 | €15,640 | €46,117 | +€30,477 | +195% |
| Other amounts receivable | 41 | €11,849 | €9,891 | -€1,958 | -16.5% |
| Cash at bank and in hand | 54/58 | €52,273 | €52,620 | +€347 | +0.7% |
| Deferred charges and accrued income | 490/1 | €897 | €2,770 | +€1,873 | +209% |
| Total equity and liabilities | 10/49 | €649,683 | €633,479 | -€16,205 | -2.5% |
| Equity | 10/15 | €74,325 | €80,527 | +€6,202 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,782 | €31,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,923 | €29,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,222 | -€78,715 | +€14,508 | +15.6% |
| Investment grants | 15 | €117,173 | €108,868 | -€8,305 | -7.1% |
| Amounts payable | 17/49 | €575,359 | €552,952 | -€22,407 | -3.9% |
| Amounts payable within one year | 42/48 | €575,359 | €552,952 | -€22,407 | -3.9% |
| Financial debts | 43 | €391,500 | €380,500 | -€11,000 | -2.8% |
| Credit institutions | 430/8 | €55,000 | €44,000 | -€11,000 | -20.0% |
| Other loans | 439 | €336,500 | €336,500 | = | 0.0% |
| Trade debts | 44 | €14,995 | €10,236 | -€4,759 | -31.7% |
| Suppliers | 440/4 | €14,995 | €10,236 | -€4,759 | -31.7% |
| Taxes, remuneration and social security | 45 | €507 | €656 | +€149 | +29.4% |
| Taxes | 450/3 | €507 | €656 | +€149 | +29.4% |
| Other amounts payable | 47/48 | €168,358 | €161,560 | -€6,798 | -4.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,192 | €46,944 | -€3,248 | -6.5% |
| Other operating charges | 640/8 | €4,814 | €4,913 | +€98 | +2.0% |
| Gross operating margin | 9900 | €66,520 | €61,049 | -€5,471 | -8.2% |
| Operating profit (loss) | 9901 | €11,514 | €9,193 | -€2,321 | -20.2% |
| Financial income | 75/76B | €8,335 | €8,306 | -€30 | -0.4% |
| Recurring financial income | 75 | €8,335 | €8,306 | -€30 | -0.4% |
| Financial charges | 65/66B | €3,605 | €2,335 | -€1,270 | -35.2% |
| Recurring financial charges | 65 | €3,605 | €2,335 | -€1,270 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €16,244 | €15,163 | -€1,081 | -6.7% |
| Income taxes | 67/77 | €507 | €656 | +€149 | +29.4% |
| Profit (loss) for the period | 9904 | €15,737 | €14,508 | -€1,230 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,737 | €14,508 | -€1,230 | -7.8% |
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.