VERDE PLUS: 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.
VERDE PLUS
Largest movements
- Receivables after one year -€34,907
no longer reported in 2025 (was €34,907)
- Cash +€24,467
up €24,467 (+76.0%), from €32,206 to €56,672
mainly Net result for the year (+€52,685) and Receivables after one year (+€34,907)
- Receivables within one year +€5,588
up €5,588 (+11.0%), from €50,748 to €56,336
of which Trade receivables: +€3,557
- Current portion of long-term debt -€16,509
down €16,509 (-48.2%), from €34,249 to €17,740
- Reserves +€11,062
up €11,062 (+3.4%), from €327,401 to €338,463
of which Distributable reserves: +€11,062
- Gross operating margin +€41,018
up €41,018 (+63.5%), from €64,562 to €105,580
- Other operating charges -€38,928
down €38,928 (-94.1%), from €41,370 to €2,441
- Taxes +€16,813
up €16,813 (+310.2%), from €5,420 to €22,233
- Depreciation +€11,775
up €11,775 (+123.8%), from €9,513 to €21,288
- Financial charges +€4,070
up €4,070 (+142.2%), from €2,863 to €6,933
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 | €554,403 | €549,061 | -€5,341 | -1.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €342,719 | €346,049 | +€3,330 | +1.0% |
| Tangible fixed assets | 22/27 | €342,719 | €346,049 | +€3,330 | +1.0% |
| Land and buildings | 22 | €337,601 | €323,564 | -€14,037 | -4.2% |
| Plant, machinery and equipment | 23 | €3,564 | €3,003 | -€561 | -15.7% |
| Furniture and vehicles | 24 | €1,555 | €11,914 | +€10,359 | +666.3% |
| Other tangible fixed assets | 26 | €0 | €7,569 | +€7,569 | |
| Current assets | 29/58 | €211,684 | €203,012 | -€8,672 | -4.1% |
| Amounts receivable after more than one year | 29 | €34,907 | - | -€34,907 | |
| Other amounts receivable | 291 | €34,907 | - | -€34,907 | |
| Amounts receivable within one year | 40/41 | €50,748 | €56,336 | +€5,588 | +11.0% |
| Trade receivables | 40 | €36,167 | €39,724 | +€3,557 | +9.8% |
| Other amounts receivable | 41 | €14,581 | €16,612 | +€2,031 | +13.9% |
| Current investments | 50/53 | €90,530 | €87,670 | -€2,860 | -3.2% |
| Cash at bank and in hand | 54/58 | €32,206 | €56,672 | +€24,467 | +76.0% |
| Deferred charges and accrued income | 490/1 | €3,293 | €2,334 | -€959 | -29.1% |
| Total equity and liabilities | 10/49 | €554,403 | €549,061 | -€5,341 | -1.0% |
| Equity | 10/15 | €346,001 | €357,063 | +€11,062 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,401 | €338,463 | +€11,062 | +3.4% |
| 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 | €325,541 | €336,603 | +€11,062 | +3.4% |
| Amounts payable | 17/49 | €208,402 | €191,999 | -€16,403 | -7.9% |
| Amounts payable after more than one year | 17 | €161,559 | €160,943 | -€616 | -0.4% |
| Financial debts | 170/4 | €161,559 | €160,943 | -€616 | -0.4% |
| Amounts payable within one year | 42/48 | €46,843 | €31,056 | -€15,787 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €34,249 | €17,740 | -€16,509 | -48.2% |
| Trade debts | 44 | €2,626 | €2,081 | -€545 | -20.7% |
| Suppliers | 440/4 | €2,626 | €2,081 | -€545 | -20.7% |
| Taxes, remuneration and social security | 45 | €9,968 | €11,234 | +€1,266 | +12.7% |
| Taxes | 450/3 | €9,968 | €11,234 | +€1,266 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,513 | €21,288 | +€11,775 | +123.8% |
| Other operating charges | 640/8 | €41,370 | €2,441 | -€38,928 | -94.1% |
| Gross operating margin | 9900 | €64,562 | €105,580 | +€41,018 | +63.5% |
| Operating profit (loss) | 9901 | €13,679 | €81,851 | +€68,172 | +498.4% |
| Financial income | 75/76B | €262 | €0 | -€262 | -100.0% |
| Recurring financial income | 75 | €262 | €0 | -€262 | -100.0% |
| Financial charges | 65/66B | €2,863 | €6,933 | +€4,070 | +142.2% |
| Recurring financial charges | 65 | €2,863 | €6,933 | +€4,070 | +142.2% |
| Profit (loss) for the period before taxes | 9903 | €11,078 | €74,918 | +€63,840 | +576.3% |
| Income taxes | 67/77 | €5,420 | €22,233 | +€16,813 | +310.2% |
| Profit (loss) for the period | 9904 | €5,658 | €52,685 | +€47,027 | +831.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,658 | €52,685 | +€47,027 | +831.1% |
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 4 October 2026 via checked.be.