IL RAMO VERDEE: 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.
IL RAMO VERDEE
Largest movements
- Tangible fixed assets +€51,767
up €51,767 (+402%), from €12,865 to €64,632
of which Furniture and vehicles: +€42,722
- Cash -€14,853
down €14,853 (-57.6%), from €25,776 to €10,923
mainly Investment in fixed assets (net) (-€68,183) and Net result for the year (-€11,604)
- Receivables within one year -€943
down €943 (-18.5%), from €5,093 to €4,150
of which Other amounts receivable: -€935
- Debts after one year +€33,512
new in 2025: €33,512
- Profit (loss) carried forward -€11,604
down €11,604 (-48.8%), from €23,761 to €12,157
- Current portion of long-term debt +€10,783
new in 2025: €10,783
- Other debts +€3,840
new in 2025: €3,840
- Trade debts -€2,981
down €2,981 (-32.0%), from €9,319 to €6,338
- Staff costs +€13,943
up €13,943 (+20.4%), from €68,287 to €82,230
- Depreciation +€12,385
up €12,385 (+307%), from €4,031 to €16,416
- Gross operating margin +€10,123
up €10,123 (+11.6%), from €87,468 to €97,591
- Other operating charges +€5,344
up €5,344 (+183%), from €2,920 to €8,264
- Financial charges +€1,189
up €1,189 (+183%), from €650 to €1,839
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 | €51,826 | €88,248 | +€36,422 | +70.3% |
| Fixed assets | 21/28 | €18,057 | €69,824 | +€51,767 | +287% |
| Tangible fixed assets | 22/27 | €12,865 | €64,632 | +€51,767 | +402% |
| Plant, machinery and equipment | 23 | €5,529 | €4,147 | -€1,382 | -25.0% |
| Furniture and vehicles | 24 | €7,336 | €50,058 | +€42,722 | +582% |
| Other tangible fixed assets | 26 | - | €10,427 | +€10,427 | |
| Financial fixed assets | 28 | €5,192 | €5,192 | = | 0.0% |
| Current assets | 29/58 | €33,769 | €18,424 | -€15,345 | -45.4% |
| Stocks and contracts in progress | 3 | €2,900 | €3,351 | +€451 | +15.6% |
| Stocks | 30/36 | €2,900 | €3,351 | +€451 | +15.6% |
| Amounts receivable within one year | 40/41 | €5,093 | €4,150 | -€943 | -18.5% |
| Trade receivables | 40 | €4,125 | €4,117 | -€8 | -0.2% |
| Other amounts receivable | 41 | €968 | €33 | -€935 | -96.6% |
| Cash at bank and in hand | 54/58 | €25,776 | €10,923 | -€14,853 | -57.6% |
| Total equity and liabilities | 10/49 | €51,826 | €88,248 | +€36,422 | +70.3% |
| Equity | 10/15 | €31,821 | €20,217 | -€11,604 | -36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,761 | €12,157 | -€11,604 | -48.8% |
| Amounts payable | 17/49 | €20,005 | €68,031 | +€48,026 | +240% |
| Amounts payable after more than one year | 17 | - | €33,512 | +€33,512 | |
| Financial debts | 170/4 | - | €33,512 | +€33,512 | |
| Amounts payable within one year | 42/48 | €20,005 | €34,519 | +€14,514 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,783 | +€10,783 | |
| Trade debts | 44 | €9,319 | €6,338 | -€2,981 | -32.0% |
| Suppliers | 440/4 | €9,319 | €6,338 | -€2,981 | -32.0% |
| Taxes, remuneration and social security | 45 | €10,686 | €13,558 | +€2,872 | +26.9% |
| Taxes | 450/3 | €6,029 | €8,008 | +€1,979 | +32.8% |
| Remuneration and social security | 454/9 | €4,657 | €5,550 | +€893 | +19.2% |
| Other amounts payable | 47/48 | - | €3,840 | +€3,840 | |
| Non-recurring operating income | 76A | €9,282 | - | -€9,282 | |
| Remuneration, social security and pensions | 62 | €68,287 | €82,230 | +€13,943 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €16,416 | +€12,385 | +307% |
| Other operating charges | 640/8 | €2,920 | €8,264 | +€5,344 | +183% |
| Gross operating margin | 9900 | €87,468 | €97,591 | +€10,123 | +11.6% |
| Operating profit (loss) | 9901 | €12,230 | -€9,319 | -€21,549 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €650 | €1,839 | +€1,189 | +183% |
| Recurring financial charges | 65 | €650 | €1,839 | +€1,189 | +183% |
| Profit (loss) for the period before taxes | 9903 | €11,584 | -€11,158 | -€22,742 | |
| Income taxes | 67/77 | €718 | €446 | -€272 | -37.9% |
| Profit (loss) for the period | 9904 | €10,866 | -€11,604 | -€22,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,866 | -€11,604 | -€22,470 |
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 31 October 2026 via checked.be.