HENRI VERDICKT: 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.
What changed
HENRI VERDICKT
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€97,111
2024 · €97,747-€636
Equity
€962,173
2024 · €905,062+€57,111
Cash
€677,285
2024 · €689,524-€12,239
Balance sheet total
€2.1m
2024 · €2.3m-€166,052
Largest movements
Assets
- Tangible fixed assets -€142,734
down €142,734 (-22.3%), from €638,861 to €496,127
of which Furniture and vehicles: -€144,224
Equity and liabilities
- Trade debts -€111,416
down €111,416 (-15.2%), from €734,803 to €623,387
- Debts after one year -€106,951
down €106,951 (-42.1%), from €254,135 to €147,184
- Profit (loss) carried forward +€57,111
up €57,111 (+6.8%), from €836,862 to €893,973
- Current portion of long-term debt -€52,579
down €52,579 (-33.0%), from €159,530 to €106,951
- Other debts +€28,000
up €28,000 (+15.6%), from €180,000 to €208,000
Income statement
- Gross operating margin +€52,793
up €52,793 (+10.3%), from €512,137 to €564,930
- Staff costs +€48,314
up €48,314 (+23.7%), from €204,114 to €252,427
- Depreciation +€9,586
up €9,586 (+6.7%), from €143,351 to €152,937
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.
Result 2024
€97,747
Gross operating margin
+€52,793
Staff costs
-€48,314
Depreciation
-€9,586
Other operating charges
+€1,747
Other operating items
-€157
Financial income
+€4,891
Financial charges
+€2,190
Taxes
-€4,199
Result 2025
€97,111
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€197,494
Investment
-€10,203
Financing
-€199,530
Cash 2024
€689,524
From operations (derived)
+€197,494
Net result for the year
+€97,111
Depreciation
+€152,937
Receivables within one year
+€11,135
Deferred charges and accrued income
-€55
Trade debts
-€111,416
Tax, wage and social debts
+€18,636
Other debts
+€28,000
Accrued charges and deferred income
+€1,146
Investment (derived)
-€10,203
Investment in fixed assets (net)
-€10,203
Financing
-€199,530
Debts after one year
-€106,951
Current portion of long-term debt
-€52,579
Contributions, distributions and other
-€40,000
Cash 2025
€677,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,262,461 | €2,096,409 | -€166,052 | -7.3% |
| Fixed assets | 21/28 | €1,077,861 | €935,127 | -€142,734 | -13.2% |
| Tangible fixed assets | 22/27 | €638,861 | €496,127 | -€142,734 | -22.3% |
| Land and buildings | 22 | €100,962 | €100,962 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,785 | €8,275 | +€1,490 | +22.0% |
| Furniture and vehicles | 24 | €531,115 | €386,890 | -€144,224 | -27.2% |
| Financial fixed assets | 28 | €439,000 | €439,000 | = | 0.0% |
| Current assets | 29/58 | €1,184,600 | €1,161,282 | -€23,319 | -2.0% |
| Amounts receivable within one year | 40/41 | €476,849 | €465,714 | -€11,135 | -2.3% |
| Trade receivables | 40 | €411,790 | €414,827 | +€3,036 | +0.7% |
| Other amounts receivable | 41 | €65,058 | €50,887 | -€14,172 | -21.8% |
| Current investments | 50/53 | €1,232 | €1,232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €689,524 | €677,285 | -€12,239 | -1.8% |
| Deferred charges and accrued income | 490/1 | €16,995 | €17,050 | +€55 | +0.3% |
| Total equity and liabilities | 10/49 | €2,262,461 | €2,096,409 | -€166,052 | -7.3% |
| Equity | 10/15 | €905,062 | €962,173 | +€57,111 | +6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €836,862 | €893,973 | +€57,111 | +6.8% |
| Amounts payable | 17/49 | €1,357,399 | €1,134,236 | -€223,164 | -16.4% |
| Amounts payable after more than one year | 17 | €254,135 | €147,184 | -€106,951 | -42.1% |
| Financial debts | 170/4 | €254,135 | €147,184 | -€106,951 | -42.1% |
| Amounts payable within one year | 42/48 | €1,103,225 | €985,866 | -€117,359 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €159,530 | €106,951 | -€52,579 | -33.0% |
| Trade debts | 44 | €734,803 | €623,387 | -€111,416 | -15.2% |
| Suppliers | 440/4 | €734,803 | €623,387 | -€111,416 | -15.2% |
| Taxes, remuneration and social security | 45 | €28,891 | €47,528 | +€18,636 | +64.5% |
| Taxes | 450/3 | €10,490 | €27,166 | +€16,675 | +159% |
| Remuneration and social security | 454/9 | €18,401 | €20,362 | +€1,961 | +10.7% |
| Other amounts payable | 47/48 | €180,000 | €208,000 | +€28,000 | +15.6% |
| Accrued charges and deferred income | 492/3 | €39 | €1,185 | +€1,146 | +2,913% |
| Remuneration, social security and pensions | 62 | €204,114 | €252,427 | +€48,314 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,351 | €152,937 | +€9,586 | +6.7% |
| Other operating charges | 640/8 | €24,985 | €23,239 | -€1,747 | -7.0% |
| Non-recurring operating charges | 66A | €516 | €673 | +€157 | +30.3% |
| Gross operating margin | 9900 | €512,137 | €564,930 | +€52,793 | +10.3% |
| Operating profit (loss) | 9901 | €139,171 | €135,654 | -€3,517 | -2.5% |
| Financial income | 75/76B | €3,531 | €8,422 | +€4,891 | +138% |
| Recurring financial income | 75 | €3,518 | €8,396 | +€4,878 | +139% |
| Non-recurring financial income | 76B | €13 | €25 | +€13 | +99.0% |
| Financial charges | 65/66B | €17,019 | €14,829 | -€2,190 | -12.9% |
| Recurring financial charges | 65 | €17,019 | €14,829 | -€2,190 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €125,683 | €129,247 | +€3,564 | +2.8% |
| Income taxes | 67/77 | €27,936 | €32,136 | +€4,199 | +15.0% |
| Profit (loss) for the period | 9904 | €97,747 | €97,111 | -€636 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,747 | €97,111 | -€636 | -0.7% |
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 1 November 2026 via checked.be.