Verdaz Sol: 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.
Verdaz Sol
Largest movements
- Cash +€105,144
up €105,144 (+672.8%), from €15,627 to €120,770
mainly Net result for the year (+€65,599) and Current investments (+€38,000)
- Current investments -€38,000
down €38,000 (-100.0%), from €38,000 to €0
- Tangible fixed assets -€8,556
down €8,556 (-22.3%), from €38,322 to €29,766
of which Furniture and vehicles: -€8,406
- Receivables within one year -€2,867
down €2,867 (-10.0%), from €28,577 to €25,710
of which Trade receivables: -€2,962
- Reserves +€63,881
up €63,881 (+79.5%), from €80,303 to €144,185
- Tax, wage and social debts -€8,270
down €8,270 (-21.7%), from €38,095 to €29,825
- Gross operating margin -€17,750
down €17,750 (-15.0%), from €118,563 to €100,813
- Taxes -€6,876
down €6,876 (-21.8%), from €31,608 to €24,732
- Financial charges +€3,409
up €3,409 (+15049.7%), from €23 to €3,431
- Depreciation +€3,346
up €3,346 (+64.2%), from €5,210 to €8,556
- Financial income +€1,209
up €1,209 (+406.5%), from €297 to €1,507
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 | €121,150 | €177,475 | +€56,325 | +46.5% |
| Fixed assets | 21/28 | €38,322 | €29,766 | -€8,556 | -22.3% |
| Tangible fixed assets | 22/27 | €38,322 | €29,766 | -€8,556 | -22.3% |
| Plant, machinery and equipment | 23 | €1,435 | €1,285 | -€150 | -10.5% |
| Furniture and vehicles | 24 | €36,887 | €28,481 | -€8,406 | -22.8% |
| Current assets | 29/58 | €82,828 | €147,709 | +€64,881 | +78.3% |
| Amounts receivable within one year | 40/41 | €28,577 | €25,710 | -€2,867 | -10.0% |
| Trade receivables | 40 | €28,577 | €25,615 | -€2,962 | -10.4% |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Current investments | 50/53 | €38,000 | €0 | -€38,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,627 | €120,770 | +€105,144 | +672.8% |
| Deferred charges and accrued income | 490/1 | €624 | €1,229 | +€605 | +96.9% |
| Total equity and liabilities | 10/49 | €121,150 | €177,475 | +€56,325 | +46.5% |
| Equity | 10/15 | €80,304 | €144,186 | +€63,881 | +79.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €80,303 | €144,185 | +€63,881 | +79.5% |
| Distributable reserves | 133 | €80,303 | €144,185 | +€63,881 | +79.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,845 | €33,289 | -€7,556 | -18.5% |
| Amounts payable within one year | 42/48 | €39,835 | €32,315 | -€7,520 | -18.9% |
| Trade debts | 44 | €74 | €772 | +€698 | +940.9% |
| Suppliers | 440/4 | €74 | €772 | +€698 | +940.9% |
| Taxes, remuneration and social security | 45 | €38,095 | €29,825 | -€8,270 | -21.7% |
| Taxes | 450/3 | €38,095 | €29,825 | -€8,270 | -21.7% |
| Other amounts payable | 47/48 | €1,666 | €1,718 | +€52 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,010 | €974 | -€36 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,210 | €8,556 | +€3,346 | +64.2% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €118,563 | €100,813 | -€17,750 | -15.0% |
| Operating profit (loss) | 9901 | €113,303 | €92,256 | -€21,047 | -18.6% |
| Financial income | 75/76B | €297 | €1,507 | +€1,209 | +406.5% |
| Recurring financial income | 75 | €297 | €1,507 | +€1,209 | +406.5% |
| Financial charges | 65/66B | €23 | €3,431 | +€3,409 | +15049.7% |
| Recurring financial charges | 65 | €23 | €3,431 | +€3,409 | +15049.7% |
| Profit (loss) for the period before taxes | 9903 | €113,578 | €90,331 | -€23,246 | -20.5% |
| Income taxes | 67/77 | €31,608 | €24,732 | -€6,876 | -21.8% |
| Profit (loss) for the period | 9904 | €81,969 | €65,599 | -€16,370 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,969 | €65,599 | -€16,370 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.