VERDA: what changed
Two fiscal 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.
VERDA
Largest movements
- Tangible fixed assets +€50,703
up €50,703 (+195.0%), from €26,007 to €76,710
of which Furniture and vehicles: +€53,561
- Receivables within one year +€23,554
up €23,554 (+16.7%), from €140,696 to €164,250
of which Other amounts receivable: +€26,732
- Debts after one year +€47,427
up €47,427 (+476.2%), from €9,960 to €57,387
- Profit (loss) carried forward +€9,425
up €9,425 (+7.3%), from €129,770 to €139,195
- Trade debts +€6,760
up €6,760 (+84.6%), from €7,992 to €14,752
- Current portion of long-term debt +€6,067
up €6,067 (+58.9%), from €10,302 to €16,369
- Gross operating margin -€11,655
down €11,655 (-18.7%), from €62,433 to €50,778
- Depreciation +€7,334
up €7,334 (+70.1%), from €10,457 to €17,791
- Taxes -€6,736
down €6,736 (-89.3%), from €7,539 to €803
- Financial charges +€981
up €981 (+66.6%), from €1,472 to €2,453
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.
Cash bridge derived
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 | €168,450 | €240,960 | +€72,510 | +43.0% |
| Fixed assets | 21/28 | €26,007 | €76,710 | +€50,703 | +195.0% |
| Tangible fixed assets | 22/27 | €26,007 | €76,710 | +€50,703 | +195.0% |
| Land and buildings | 22 | €812 | €701 | -€111 | -13.7% |
| Plant, machinery and equipment | 23 | €15,786 | €21,528 | +€5,742 | +36.4% |
| Furniture and vehicles | 24 | €920 | €54,481 | +€53,561 | +5821.8% |
| Leasing and similar rights | 25 | €8,489 | - | -€8,489 | |
| Current assets | 29/58 | €142,443 | €164,250 | +€21,807 | +15.3% |
| Amounts receivable within one year | 40/41 | €140,696 | €164,250 | +€23,554 | +16.7% |
| Trade receivables | 40 | €6,431 | €3,253 | -€3,178 | -49.4% |
| Other amounts receivable | 41 | €134,265 | €160,997 | +€26,732 | +19.9% |
| Cash at bank and in hand | 54/58 | €1,706 | - | -€1,706 | |
| Deferred charges and accrued income | 490/1 | €41 | - | -€41 | |
| Total equity and liabilities | 10/49 | €168,450 | €240,960 | +€72,510 | +43.0% |
| Equity | 10/15 | €137,830 | €147,255 | +€9,425 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,770 | €139,195 | +€9,425 | +7.3% |
| Amounts payable | 17/49 | €30,620 | €93,705 | +€63,085 | +206.0% |
| Amounts payable after more than one year | 17 | €9,960 | €57,387 | +€47,427 | +476.2% |
| Financial debts | 170/4 | €9,960 | €57,387 | +€47,427 | +476.2% |
| Amounts payable within one year | 42/48 | €20,660 | €36,318 | +€15,658 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €10,302 | €16,369 | +€6,067 | +58.9% |
| Financial debts | 43 | €2,366 | €3,855 | +€1,489 | +62.9% |
| Credit institutions | 430/8 | €2,366 | €3,855 | +€1,489 | +62.9% |
| Trade debts | 44 | €7,992 | €14,752 | +€6,760 | +84.6% |
| Suppliers | 440/4 | €7,992 | €14,752 | +€6,760 | +84.6% |
| Taxes, remuneration and social security | 45 | - | €1,342 | +€1,342 | |
| Taxes | 450/3 | - | €1,342 | +€1,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,457 | €17,791 | +€7,334 | +70.1% |
| Other operating charges | 640/8 | €361 | €306 | -€55 | -15.2% |
| Gross operating margin | 9900 | €62,433 | €50,778 | -€11,655 | -18.7% |
| Operating profit (loss) | 9901 | €51,615 | €32,681 | -€18,934 | -36.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,472 | €2,453 | +€981 | +66.6% |
| Recurring financial charges | 65 | €1,472 | €2,453 | +€981 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €50,144 | €30,228 | -€19,916 | -39.7% |
| Income taxes | 67/77 | €7,539 | €803 | -€6,736 | -89.3% |
| Profit (loss) for the period | 9904 | €42,605 | €29,425 | -€13,180 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,605 | €29,425 | -€13,180 | -30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.