VERDANI: 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.
VERDANI
Largest movements
- Receivables after one year -€55,000
down €55,000 (-25.6%), from €215,000 to €160,000
- Tangible fixed assets -€17,114
down €17,114 (-26.4%), from €64,728 to €47,614
of which Other tangible fixed assets: -€14,069
- Receivables within one year -€6,561
down €6,561 (-14.1%), from €46,625 to €40,064
of which Trade receivables: -€19,376
- Reserves -€62,313
down €62,313 (-17.9%), from €347,520 to €285,208
of which Distributable reserves: -€62,313
- Tax, wage and social debts -€7,983
down €7,983 (-99.2%), from €8,048 to €65
of which Taxes: -€7,983
- Trade debts -€6,381
down €6,381 (-64.4%), from €9,909 to €3,528
- Profit (loss) carried forward -€4,717
down €4,717, from €0 to -€4,717
- Gross operating margin -€28,810
down €28,810 (-71.6%), from €40,240 to €11,430
- Taxes -€7,742
down €7,742 (-84.4%), from €9,174 to €1,431
- Depreciation +€1,623
up €1,623 (+10.5%), from €15,492 to €17,114
- Financial income -€1,600
down €1,600 (-26.5%), from €6,040 to €4,440
- Financial charges +€792
up €792 (+184.6%), from €429 to €1,221
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 | €371,677 | €290,285 | -€81,393 | -21.9% |
| Fixed assets | 21/28 | €64,728 | €47,614 | -€17,114 | -26.4% |
| Tangible fixed assets | 22/27 | €64,728 | €47,614 | -€17,114 | -26.4% |
| Furniture and vehicles | 24 | €6,581 | €3,536 | -€3,045 | -46.3% |
| Other tangible fixed assets | 26 | €58,147 | €44,078 | -€14,069 | -24.2% |
| Current assets | 29/58 | €306,949 | €242,671 | -€64,278 | -20.9% |
| Amounts receivable after more than one year | 29 | €215,000 | €160,000 | -€55,000 | -25.6% |
| Other amounts receivable | 291 | €215,000 | €160,000 | -€55,000 | -25.6% |
| Amounts receivable within one year | 40/41 | €46,625 | €40,064 | -€6,561 | -14.1% |
| Trade receivables | 40 | €28,766 | €9,390 | -€19,376 | -67.4% |
| Other amounts receivable | 41 | €17,859 | €30,674 | +€12,815 | +71.8% |
| Current investments | 50/53 | €2,415 | €1,412 | -€1,002 | -41.5% |
| Cash at bank and in hand | 54/58 | €40,371 | €39,525 | -€846 | -2.1% |
| Deferred charges and accrued income | 490/1 | €2,539 | €1,670 | -€869 | -34.2% |
| Total equity and liabilities | 10/49 | €371,677 | €290,285 | -€81,393 | -21.9% |
| Equity | 10/15 | €353,720 | €286,691 | -€67,029 | -18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €347,520 | €285,208 | -€62,313 | -17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €345,660 | €283,348 | -€62,313 | -18.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,717 | -€4,717 | |
| Amounts payable | 17/49 | €17,957 | €3,594 | -€14,363 | -80.0% |
| Amounts payable within one year | 42/48 | €17,957 | €3,594 | -€14,363 | -80.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,909 | €3,528 | -€6,381 | -64.4% |
| Suppliers | 440/4 | €9,909 | €3,528 | -€6,381 | -64.4% |
| Taxes, remuneration and social security | 45 | €8,048 | €65 | -€7,983 | -99.2% |
| Taxes | 450/3 | €8,048 | €65 | -€7,983 | -99.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €16,290 | €0 | -€16,290 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,492 | €17,114 | +€1,623 | +10.5% |
| Other operating charges | 640/8 | €566 | €819 | +€253 | +44.7% |
| Gross operating margin | 9900 | €40,240 | €11,430 | -€28,810 | -71.6% |
| Operating profit (loss) | 9901 | €24,182 | -€6,504 | -€30,686 | |
| Financial income | 75/76B | €6,040 | €4,440 | -€1,600 | -26.5% |
| Recurring financial income | 75 | €6,040 | €4,440 | -€1,600 | -26.5% |
| Financial charges | 65/66B | €429 | €1,221 | +€792 | +184.6% |
| Recurring financial charges | 65 | €429 | €1,221 | +€792 | +184.6% |
| Profit (loss) for the period before taxes | 9903 | €29,792 | -€3,285 | -€33,077 | |
| Income taxes | 67/77 | €9,174 | €1,431 | -€7,742 | -84.4% |
| Profit (loss) for the period | 9904 | €20,618 | -€4,717 | -€25,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,618 | -€4,717 | -€25,335 |
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 1 October 2026 via checked.be.