J.M. VERDE: 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.
J.M. VERDE
Largest movements
- Cash +€11,601
up €11,601 (+16,039%), from €72 to €11,673
mainly Net result for the year (+€7,605) and Depreciation (+€5,618)
- Tangible fixed assets -€5,618
down €5,618 (-6.1%), from €91,507 to €85,889
of which Land and buildings: -€5,468
- Deferred charges and accrued income +€2,169
up €2,169 (+3,102%), from €70 to €2,239
- Profit (loss) carried forward +€7,605
up €7,605 (+65.3%), from €11,639 to €19,244
- Gross operating margin -€1,682
down €1,682 (-10.2%), from €16,458 to €14,776
- Financial charges -€966
down €966 (-91.6%), from €1,055 to €89
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 | €92,399 | €100,301 | +€7,902 | +8.6% |
| Fixed assets | 21/28 | €92,007 | €86,389 | -€5,618 | -6.1% |
| Tangible fixed assets | 22/27 | €91,507 | €85,889 | -€5,618 | -6.1% |
| Land and buildings | 22 | €88,561 | €83,093 | -€5,468 | -6.2% |
| Plant, machinery and equipment | 23 | €2,946 | €2,796 | -€150 | -5.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €392 | €13,912 | +€13,520 | +3,447% |
| Amounts receivable within one year | 40/41 | €250 | - | -€250 | |
| Trade receivables | 40 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €72 | €11,673 | +€11,601 | +16,039% |
| Deferred charges and accrued income | 490/1 | €70 | €2,239 | +€2,169 | +3,102% |
| Total equity and liabilities | 10/49 | €92,399 | €100,301 | +€7,902 | +8.6% |
| Equity | 10/15 | €33,639 | €41,244 | +€7,605 | +22.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,639 | €19,244 | +€7,605 | +65.3% |
| Amounts payable | 17/49 | €58,760 | €59,057 | +€296 | +0.5% |
| Amounts payable after more than one year | 17 | €53,297 | €53,297 | = | 0.0% |
| Other amounts payable | 178/9 | €53,297 | €53,297 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,464 | €5,760 | +€296 | +5.4% |
| Trade debts | 44 | €114 | €410 | +€296 | +261% |
| Suppliers | 440/4 | €114 | €410 | +€296 | +261% |
| Advances received on contracts in progress | 46 | €5,350 | €5,350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,522 | €5,618 | +€96 | +1.7% |
| Other operating charges | 640/8 | €1,419 | €1,464 | +€44 | +3.1% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €16,458 | €14,776 | -€1,682 | -10.2% |
| Operating profit (loss) | 9901 | €9,267 | €7,694 | -€1,573 | -17.0% |
| Financial charges | 65/66B | €1,055 | €89 | -€966 | -91.6% |
| Recurring financial charges | 65 | €1,055 | €89 | -€966 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €8,212 | €7,605 | -€607 | -7.4% |
| Profit (loss) for the period | 9904 | €8,212 | €7,605 | -€607 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,212 | €7,605 | -€607 | -7.4% |
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 22 October 2026 via checked.be.