JOHAN VERDONCK: what changed
What changed
JOHAN VERDONCK
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€445,705
2024 · €442,066+€3,639
Equity
€1.3m
2024 · €822,238+€445,705
Cash
€304,359
2024 · €26,762+€277,597
Balance sheet total
€1.4m
2024 · €979,293+€385,140
Largest movements
Assets
- Cash +€277,597
up €277,597 (+1,037%), from €26,762 to €304,359
mainly Net result for the year (+€445,705) and Depreciation (+€105,225)
- Current investments +€75,000
up €75,000 (+42.9%), from €175,000 to €250,000
- Receivables within one year +€24,218
up €24,218 (+25.3%), from €95,850 to €120,068
of which Trade receivables: +€21,109
Equity and liabilities
- Reserves +€445,705
up €445,705 (+58.6%), from €760,265 to €1.2m
- Tax, wage and social debts -€71,678
down €71,678 (-51.4%), from €139,391 to €67,713
of which Taxes: -€73,480
- Trade debts +€20,890
up €20,890 (+357%), from €5,852 to €26,743
Income statement
- Gross operating margin +€105,989
up €105,989 (+9.4%), from €1.1m to €1.2m
- Staff costs +€90,819
up €90,819 (+23.7%), from €383,853 to €474,672
- Depreciation +€13,312
up €13,312 (+14.5%), from €91,913 to €105,225
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€442,066
Gross operating margin
+€105,989
Staff costs
-€90,819
Depreciation
-€13,312
Other operating charges
-€81
Financial income
-€2,460
Financial charges
+€1
Taxes
+€4,321
Result 2025
€445,705
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€474,751
Investment
-€190,678
Financing
-€6,477
Cash 2024
€26,762
From operations (derived)
+€474,751
Net result for the year
+€445,705
Depreciation
+€105,225
Receivables within one year
-€24,218
Deferred charges and accrued income
+€2,127
Trade debts
+€20,890
Tax, wage and social debts
-€71,678
Other debts
-€3,300
Investment (derived)
-€190,678
Investment in fixed assets (net)
-€115,678
Current investments
-€75,000
Financing
-€6,477
Debts after one year
-€1,627
Current portion of long-term debt
-€4,850
Cash 2025
€304,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €979,293 | €1,364,434 | +€385,140 | +39.3% |
| Fixed assets | 21/28 | €668,403 | €678,856 | +€10,453 | +1.6% |
| Tangible fixed assets | 22/27 | €668,326 | €678,779 | +€10,453 | +1.6% |
| Land and buildings | 22 | €385,661 | €370,330 | -€15,330 | -4.0% |
| Plant, machinery and equipment | 23 | €139,104 | €107,450 | -€31,654 | -22.8% |
| Furniture and vehicles | 24 | €143,561 | €200,998 | +€57,437 | +40.0% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €310,890 | €685,578 | +€374,688 | +121% |
| Amounts receivable within one year | 40/41 | €95,850 | €120,068 | +€24,218 | +25.3% |
| Trade receivables | 40 | €89,036 | €110,145 | +€21,109 | +23.7% |
| Other amounts receivable | 41 | €6,814 | €9,923 | +€3,109 | +45.6% |
| Current investments | 50/53 | €175,000 | €250,000 | +€75,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €26,762 | €304,359 | +€277,597 | +1,037% |
| Deferred charges and accrued income | 490/1 | €13,278 | €11,151 | -€2,127 | -16.0% |
| Total equity and liabilities | 10/49 | €979,293 | €1,364,434 | +€385,140 | +39.3% |
| Equity | 10/15 | €822,238 | €1,267,943 | +€445,705 | +54.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €760,265 | €1,205,970 | +€445,705 | +58.6% |
| Distributable reserves | 133 | €760,265 | €1,205,970 | +€445,705 | +58.6% |
| Amounts payable | 17/49 | €157,055 | €96,491 | -€60,565 | -38.6% |
| Amounts payable after more than one year | 17 | €1,627 | - | -€1,627 | |
| Financial debts | 170/4 | €1,627 | - | -€1,627 | |
| Amounts payable within one year | 42/48 | €155,429 | €96,491 | -€58,938 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €6,477 | €1,627 | -€4,850 | -74.9% |
| Trade debts | 44 | €5,852 | €26,743 | +€20,890 | +357% |
| Suppliers | 440/4 | €5,852 | €26,743 | +€20,890 | +357% |
| Taxes, remuneration and social security | 45 | €139,391 | €67,713 | -€71,678 | -51.4% |
| Taxes | 450/3 | €96,868 | €23,388 | -€73,480 | -75.9% |
| Remuneration and social security | 454/9 | €42,523 | €44,325 | +€1,802 | +4.2% |
| Other amounts payable | 47/48 | €3,709 | €408 | -€3,300 | -89.0% |
| Remuneration, social security and pensions | 62 | €383,853 | €474,672 | +€90,819 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,913 | €105,225 | +€13,312 | +14.5% |
| Other operating charges | 640/8 | €5,607 | €5,688 | +€81 | +1.4% |
| Gross operating margin | 9900 | €1,129,596 | €1,235,585 | +€105,989 | +9.4% |
| Operating profit (loss) | 9901 | €648,223 | €650,000 | +€1,777 | +0.3% |
| Financial income | 75/76B | €8,419 | €5,959 | -€2,460 | -29.2% |
| Recurring financial income | 75 | €8,419 | €5,959 | -€2,460 | -29.2% |
| Financial charges | 65/66B | €182 | €181 | -€1 | -0.7% |
| Recurring financial charges | 65 | €182 | €181 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €656,460 | €655,778 | -€682 | -0.1% |
| Income taxes | 67/77 | €214,393 | €210,072 | -€4,321 | -2.0% |
| Profit (loss) for the period | 9904 | €442,066 | €445,705 | +€3,639 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €442,066 | €445,705 | +€3,639 | +0.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.