Verde: 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.
Verde
Largest movements
- Cash -€29,856
down €29,856 (-17.6%), from €169,744 to €139,888
mainly Receivables within one year (-€20,765) and Contributions, distributions and other (-€12,025)
- Receivables within one year +€20,765
up €20,765 (+252%), from €8,225 to €28,990
of which Trade receivables: +€21,125
- Stocks and contracts +€10,954
new in 2025: €10,954
- Reserves +€19,911
up €19,911 (+17.1%), from €116,199 to €136,110
- Investment grants -€12,025
down €12,025 (-70.5%), from €17,050 to €5,025
- Trade debts -€10,185
down €10,185 (-92.1%), from €11,064 to €878
- Tax, wage and social debts +€3,545
up €3,545 (+217%), from €1,636 to €5,181
of which Taxes: +€3,541
- Depreciation -€61,529
down €61,529 (-98.4%), from €62,553 to €1,024
- Gross operating margin +€10,272
up €10,272 (+399%), from €2,576 to €12,847
- Financial income -€7,004
down €7,004 (-36.8%), from €19,030 to €12,025
- Taxes +€2,001
up €2,001 (+1,308%), from €153 to €2,155
- Other operating charges +€572
up €572 (+53.8%), from €1,062 to €1,634
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 | €186,007 | €188,683 | +€2,677 | +1.4% |
| Fixed assets | 21/28 | €5,944 | €6,558 | +€614 | +10.3% |
| Intangible fixed assets | 21 | - | €1,605 | +€1,605 | |
| Tangible fixed assets | 22/27 | €5,107 | €4,203 | -€905 | -17.7% |
| Furniture and vehicles | 24 | €574 | €253 | -€320 | -55.9% |
| Other tangible fixed assets | 26 | €4,534 | €3,950 | -€584 | -12.9% |
| Financial fixed assets | 28 | €837 | €750 | -€87 | -10.4% |
| Current assets | 29/58 | €180,062 | €182,125 | +€2,063 | +1.1% |
| Stocks and contracts in progress | 3 | - | €10,954 | +€10,954 | |
| Stocks | 30/36 | - | €10,954 | +€10,954 | |
| Amounts receivable within one year | 40/41 | €8,225 | €28,990 | +€20,765 | +252% |
| Trade receivables | 40 | €7,865 | €28,990 | +€21,125 | +269% |
| Other amounts receivable | 41 | €360 | - | -€360 | |
| Cash at bank and in hand | 54/58 | €169,744 | €139,888 | -€29,856 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,093 | €2,293 | +€200 | +9.5% |
| Total equity and liabilities | 10/49 | €186,007 | €188,683 | +€2,677 | +1.4% |
| Equity | 10/15 | €170,399 | €178,285 | +€7,886 | +4.6% |
| Contributions | 10/11 | €37,150 | €37,150 | = | 0.0% |
| Reserves | 13 | €116,199 | €136,110 | +€19,911 | +17.1% |
| Distributable reserves | 133 | €116,199 | €136,110 | +€19,911 | +17.1% |
| Investment grants | 15 | €17,050 | €5,025 | -€12,025 | -70.5% |
| Amounts payable | 17/49 | €15,607 | €10,398 | -€5,209 | -33.4% |
| Amounts payable within one year | 42/48 | €15,283 | €10,398 | -€4,885 | -32.0% |
| Trade debts | 44 | €11,064 | €878 | -€10,185 | -92.1% |
| Suppliers | 440/4 | €11,064 | €878 | -€10,185 | -92.1% |
| Taxes, remuneration and social security | 45 | €1,636 | €5,181 | +€3,545 | +217% |
| Taxes | 450/3 | €3 | €3,544 | +€3,541 | +117,262% |
| Remuneration and social security | 454/9 | €1,633 | €1,637 | +€3 | +0.2% |
| Other amounts payable | 47/48 | €2,583 | €4,339 | +€1,756 | +68.0% |
| Accrued charges and deferred income | 492/3 | €324 | - | -€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,553 | €1,024 | -€61,529 | -98.4% |
| Other operating charges | 640/8 | €1,062 | €1,634 | +€572 | +53.8% |
| Gross operating margin | 9900 | €2,576 | €12,847 | +€10,272 | +399% |
| Operating profit (loss) | 9901 | -€61,040 | €10,189 | +€71,229 | |
| Financial income | 75/76B | €19,030 | €12,025 | -€7,004 | -36.8% |
| Recurring financial income | 75 | €19,030 | €12,025 | -€7,004 | -36.8% |
| Financial charges | 65/66B | €555 | €149 | -€406 | -73.2% |
| Recurring financial charges | 65 | €555 | €149 | -€406 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,565 | €22,065 | +€64,631 | |
| Income taxes | 67/77 | €153 | €2,155 | +€2,001 | +1,308% |
| Profit (loss) for the period | 9904 | -€42,718 | €19,911 | +€62,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,718 | €19,911 | +€62,629 |
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.