Verdaco Services: 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.
Verdaco Services
Largest movements
- Tangible fixed assets -€87,801
down €87,801 (-14.8%), from €594,723 to €506,922
of which Furniture and vehicles: -€58,505
- Cash -€39,780
down €39,780 (-13.3%), from €299,793 to €260,013
mainly Contributions, distributions and other (-€135,844) and Debts after one year (-€103,593)
- Receivables within one year +€22,118
up €22,118 (+11.0%), from €200,786 to €222,903
of which Trade receivables: +€20,093
- Reserves -€104,276
down €104,276 (-22.4%), from €465,617 to €361,341
of which Distributable reserves: -€104,276
- Debts after one year -€103,593
down €103,593 (-24.0%), from €432,111 to €328,518
of which Financial debts: -€103,593
- Other debts +€83,979
up €83,979 (+125%), from €67,373 to €151,352
- Current portion of long-term debt +€18,295
up €18,295 (+30.2%), from €60,485 to €78,780
- Gross operating margin -€21,936
down €21,936 (-8.3%), from €264,130 to €242,195
- Depreciation +€15,422
up €15,422 (+19.7%), from €78,355 to €93,777
- Taxes -€12,371
down €12,371 (-50.0%), from €24,765 to €12,393
- Staff costs +€3,922
up €3,922 (+5.2%), from €74,715 to €78,638
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 | €1,104,271 | €997,133 | -€107,137 | -9.7% |
| Fixed assets | 21/28 | €596,103 | €508,302 | -€87,801 | -14.7% |
| Tangible fixed assets | 22/27 | €594,723 | €506,922 | -€87,801 | -14.8% |
| Land and buildings | 22 | €413,510 | €382,264 | -€31,246 | -7.6% |
| Plant, machinery and equipment | 23 | €710 | €2,960 | +€2,250 | +317% |
| Furniture and vehicles | 24 | €179,903 | €121,398 | -€58,505 | -32.5% |
| Other tangible fixed assets | 26 | €600 | €300 | -€300 | -50.0% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €508,167 | €488,831 | -€19,336 | -3.8% |
| Amounts receivable within one year | 40/41 | €200,786 | €222,903 | +€22,118 | +11.0% |
| Trade receivables | 40 | €191,761 | €211,855 | +€20,093 | +10.5% |
| Other amounts receivable | 41 | €9,024 | €11,048 | +€2,024 | +22.4% |
| Cash at bank and in hand | 54/58 | €299,793 | €260,013 | -€39,780 | -13.3% |
| Deferred charges and accrued income | 490/1 | €7,589 | €5,915 | -€1,674 | -22.1% |
| Total equity and liabilities | 10/49 | €1,104,271 | €997,133 | -€107,137 | -9.7% |
| Equity | 10/15 | €476,612 | €372,336 | -€104,276 | -21.9% |
| Contributions | 10/11 | €10,995 | €10,995 | = | 0.0% |
| Reserves | 13 | €465,617 | €361,341 | -€104,276 | -22.4% |
| Tax-exempt reserves | 132 | €18,337 | €18,337 | = | 0.0% |
| Distributable reserves | 133 | €447,280 | €343,004 | -€104,276 | -23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €627,658 | €624,797 | -€2,861 | -0.5% |
| Amounts payable after more than one year | 17 | €432,111 | €328,518 | -€103,593 | -24.0% |
| Financial debts | 170/4 | €432,111 | €328,518 | -€103,593 | -24.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €195,547 | €296,279 | +€100,731 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €60,485 | €78,780 | +€18,295 | +30.2% |
| Trade debts | 44 | €50,641 | €49,380 | -€1,261 | -2.5% |
| Suppliers | 440/4 | €50,641 | €49,380 | -€1,261 | -2.5% |
| Taxes, remuneration and social security | 45 | €17,048 | €16,767 | -€281 | -1.6% |
| Taxes | 450/3 | €7,073 | €6,792 | -€281 | -4.0% |
| Remuneration and social security | 454/9 | €9,975 | €9,975 | = | 0.0% |
| Other amounts payable | 47/48 | €67,373 | €151,352 | +€83,979 | +125% |
| Non-recurring operating income | 76A | €41,529 | €15,000 | -€26,529 | -63.9% |
| Remuneration, social security and pensions | 62 | €74,715 | €78,638 | +€3,922 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,355 | €93,777 | +€15,422 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,369 | €5,998 | -€2,371 | -28.3% |
| Gross operating margin | 9900 | €264,130 | €242,195 | -€21,936 | -8.3% |
| Operating profit (loss) | 9901 | €102,692 | €63,782 | -€38,909 | -37.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €21,331 | €19,821 | -€1,510 | -7.1% |
| Recurring financial charges | 65 | €21,331 | €19,821 | -€1,510 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €81,361 | €43,961 | -€37,400 | -46.0% |
| Income taxes | 67/77 | €24,765 | €12,393 | -€12,371 | -50.0% |
| Profit (loss) for the period | 9904 | €56,596 | €31,568 | -€25,028 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,596 | €31,568 | -€25,028 | -44.2% |
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 15 October 2026 via checked.be.