Verardo Consulting: 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.
Verardo Consulting
Largest movements
- Cash -€126,057
down €126,057 (-71.8%), from €175,619 to €49,562
mainly Contributions, distributions and other (-€145,877) and Investment in fixed assets (net) (-€70,877)
- Tangible fixed assets +€20,428
up €20,428 (+4.5%), from €449,630 to €470,059
of which Furniture and vehicles: +€36,869
- Reserves -€63,570
down €63,570 (-16.2%), from €392,723 to €329,153
of which Distributable reserves: -€63,570
- Other debts -€63,384
down €63,384 (-89.7%), from €70,666 to €7,281
- Debts after one year +€11,743
up €11,743 (+6.1%), from €192,068 to €203,811
- Tax, wage and social debts +€8,956
up €8,956 (+50.1%), from €17,882 to €26,838
- Current portion of long-term debt +€8,333
up €8,333 (+21.9%), from €37,982 to €46,315
- Gross operating margin +€43,052
up €43,052 (+33.4%), from €128,878 to €171,930
- Taxes +€10,768
up €10,768 (+43.6%), from €24,711 to €35,479
- Depreciation +€5,883
up €5,883 (+13.2%), from €44,565 to €50,448
- Financial income -€3,538
down €3,538 (-50.5%), from €7,008 to €3,470
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 | €753,672 | €650,812 | -€102,859 | -13.6% |
| Fixed assets | 21/28 | €449,630 | €470,059 | +€20,428 | +4.5% |
| Tangible fixed assets | 22/27 | €449,630 | €470,059 | +€20,428 | +4.5% |
| Land and buildings | 22 | €382,628 | €364,569 | -€18,058 | -4.7% |
| Plant, machinery and equipment | 23 | €212 | €2,394 | +€2,182 | +1,029% |
| Furniture and vehicles | 24 | €62,849 | €99,717 | +€36,869 | +58.7% |
| Other tangible fixed assets | 26 | €3,942 | €3,378 | -€564 | -14.3% |
| Current assets | 29/58 | €304,041 | €180,754 | -€123,288 | -40.5% |
| Amounts receivable within one year | 40/41 | €28,672 | €31,122 | +€2,450 | +8.5% |
| Trade receivables | 40 | €26,471 | €28,876 | +€2,406 | +9.1% |
| Other amounts receivable | 41 | €2,201 | €2,246 | +€45 | +2.0% |
| Current investments | 50/53 | €99,108 | €99,108 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,619 | €49,562 | -€126,057 | -71.8% |
| Deferred charges and accrued income | 490/1 | €642 | €961 | +€319 | +49.6% |
| Total equity and liabilities | 10/49 | €753,672 | €650,812 | -€102,859 | -13.6% |
| Equity | 10/15 | €398,923 | €335,353 | -€63,570 | -15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €392,723 | €329,153 | -€63,570 | -16.2% |
| Tax-exempt reserves | 132 | €6,478 | €6,478 | = | 0.0% |
| Distributable reserves | 133 | €386,245 | €322,675 | -€63,570 | -16.5% |
| Provisions and deferred taxes | 16 | €29,400 | €29,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,400 | €29,400 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,400 | €29,400 | = | 0.0% |
| Amounts payable | 17/49 | €325,348 | €286,059 | -€39,289 | -12.1% |
| Amounts payable after more than one year | 17 | €192,068 | €203,811 | +€11,743 | +6.1% |
| Financial debts | 170/4 | €192,068 | €203,811 | +€11,743 | +6.1% |
| Amounts payable within one year | 42/48 | €132,315 | €82,008 | -€50,308 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €37,982 | €46,315 | +€8,333 | +21.9% |
| Trade debts | 44 | €5,786 | €1,573 | -€4,212 | -72.8% |
| Suppliers | 440/4 | €5,786 | €1,573 | -€4,212 | -72.8% |
| Taxes, remuneration and social security | 45 | €17,882 | €26,838 | +€8,956 | +50.1% |
| Taxes | 450/3 | €17,882 | €26,838 | +€8,956 | +50.1% |
| Other amounts payable | 47/48 | €70,666 | €7,281 | -€63,384 | -89.7% |
| Accrued charges and deferred income | 492/3 | €965 | €241 | -€724 | -75.0% |
| Non-recurring operating income | 76A | - | €1,915 | +€1,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,565 | €50,448 | +€5,883 | +13.2% |
| Other operating charges | 640/8 | €1,805 | €641 | -€1,164 | -64.5% |
| Gross operating margin | 9900 | €128,878 | €171,930 | +€43,052 | +33.4% |
| Operating profit (loss) | 9901 | €82,508 | €120,841 | +€38,333 | +46.5% |
| Financial income | 75/76B | €7,008 | €3,470 | -€3,538 | -50.5% |
| Recurring financial income | 75 | €7,008 | €3,470 | -€3,538 | -50.5% |
| Financial charges | 65/66B | €5,051 | €6,526 | +€1,474 | +29.2% |
| Recurring financial charges | 65 | €5,051 | €6,526 | +€1,474 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €84,465 | €117,786 | +€33,321 | +39.4% |
| Income taxes | 67/77 | €24,711 | €35,479 | +€10,768 | +43.6% |
| Profit (loss) for the period | 9904 | €59,754 | €82,307 | +€22,553 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,754 | €82,307 | +€22,553 | +37.7% |
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 18 October 2026 via checked.be.