VERDE-BOIS: 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-BOIS
Largest movements
- Receivables within one year +€135,828
up €135,828 (+184.2%), from €73,748 to €209,576
of which Trade receivables: +€141,742
- Cash -€42,773
down €42,773 (-61.4%), from €69,638 to €26,865
mainly Receivables within one year (-€135,828) and Trade debts (-€36,711)
- Tangible fixed assets -€33,000
down €33,000 (-23.1%), from €143,000 to €110,000
- Deferred charges and accrued income +€6,108
up €6,108 (+79.5%), from €7,686 to €13,794
- Reserves +€99,900
up €99,900 (+125.8%), from €79,400 to €179,300
- Trade debts -€36,711
down €36,711 (-61.4%), from €59,757 to €23,046
- Tax, wage and social debts +€27,864
up €27,864 (+95.6%), from €29,133 to €56,997
of which Taxes: +€23,738
- Debts after one year -€25,859
down €25,859 (-27.2%), from €95,028 to €69,169
- Gross operating margin +€83,312
up €83,312 (+63.7%), from €130,851 to €214,163
- Staff costs +€41,138
new in 2025: €41,138
- Depreciation +€11,000
up €11,000 (+50.0%), from €22,000 to €33,000
- Taxes +€6,515
up €6,515 (+31.3%), from €20,802 to €27,317
- Other operating charges +€2,691
up €2,691 (+62.9%), from €4,277 to €6,968
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 | €294,072 | €360,235 | +€66,163 | +22.5% |
| Fixed assets | 21/28 | €143,000 | €110,000 | -€33,000 | -23.1% |
| Tangible fixed assets | 22/27 | €143,000 | €110,000 | -€33,000 | -23.1% |
| Furniture and vehicles | 24 | €143,000 | €110,000 | -€33,000 | -23.1% |
| Current assets | 29/58 | €151,072 | €250,235 | +€99,163 | +65.6% |
| Amounts receivable within one year | 40/41 | €73,748 | €209,576 | +€135,828 | +184.2% |
| Trade receivables | 40 | €66,786 | €208,528 | +€141,742 | +212.2% |
| Other amounts receivable | 41 | €6,962 | €1,048 | -€5,914 | -84.9% |
| Cash at bank and in hand | 54/58 | €69,638 | €26,865 | -€42,773 | -61.4% |
| Deferred charges and accrued income | 490/1 | €7,686 | €13,794 | +€6,108 | +79.5% |
| Total equity and liabilities | 10/49 | €294,072 | €360,235 | +€66,163 | +22.5% |
| Equity | 10/15 | €84,437 | €184,331 | +€99,895 | +118.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,400 | €179,300 | +€99,900 | +125.8% |
| Distributable reserves | 133 | €79,400 | €179,300 | +€99,900 | +125.8% |
| Profit (loss) carried forward | 14 | €37 | €31 | -€5 | -14.8% |
| Amounts payable | 17/49 | €209,635 | €175,904 | -€33,731 | -16.1% |
| Amounts payable after more than one year | 17 | €95,028 | €69,169 | -€25,859 | -27.2% |
| Financial debts | 170/4 | €95,028 | €69,169 | -€25,859 | -27.2% |
| Amounts payable within one year | 42/48 | €114,607 | €106,735 | -€7,872 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €24,884 | €25,859 | +€975 | +3.9% |
| Trade debts | 44 | €59,757 | €23,046 | -€36,711 | -61.4% |
| Suppliers | 440/4 | €59,757 | €23,046 | -€36,711 | -61.4% |
| Taxes, remuneration and social security | 45 | €29,133 | €56,997 | +€27,864 | +95.6% |
| Taxes | 450/3 | €29,133 | €52,871 | +€23,738 | +81.5% |
| Remuneration and social security | 454/9 | - | €4,125 | +€4,125 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €41,138 | +€41,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,000 | €33,000 | +€11,000 | +50.0% |
| Other operating charges | 640/8 | €4,277 | €6,968 | +€2,691 | +62.9% |
| Gross operating margin | 9900 | €130,851 | €214,163 | +€83,312 | +63.7% |
| Operating profit (loss) | 9901 | €104,574 | €133,057 | +€28,483 | +27.2% |
| Financial income | 75/76B | €71 | €0 | -€71 | -99.7% |
| Recurring financial income | 75 | €71 | €0 | -€71 | -99.7% |
| Financial charges | 65/66B | €3,573 | €5,013 | +€1,439 | +40.3% |
| Recurring financial charges | 65 | €3,573 | €5,013 | +€1,439 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €101,072 | €128,044 | +€26,973 | +26.7% |
| Income taxes | 67/77 | €20,802 | €27,317 | +€6,515 | +31.3% |
| Profit (loss) for the period | 9904 | €80,270 | €100,728 | +€20,458 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,270 | €100,728 | +€20,458 | +25.5% |
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 9 October 2026 via checked.be.