VERDE TECHNICS: 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 TECHNICS
Largest movements
- Cash +€65,058
up €65,058 (+35.9%), from €181,019 to €246,077
mainly Net result for the year (+€94,807) and Tax, wage and social debts (+€32,408)
- Stocks and contracts +€44,507
up €44,507 (+15.4%), from €289,191 to €333,698
- Receivables within one year -€23,218
down €23,218 (-31.1%), from €74,550 to €51,332
of which Trade receivables: -€23,094
- Reserves +€93,141
up €93,141 (+86.9%), from €107,136 to €200,277
- Debts after one year -€35,778
down €35,778 (-22.4%), from €159,730 to €123,952
- Short-term financial debts -€35,000
down €35,000 (-100%), from €35,000 to €0
- Tax, wage and social debts +€32,408
up €32,408 (+99.4%), from €32,589 to €64,997
of which Taxes: +€25,969
- Trade debts +€22,549
up €22,549 (+30.0%), from €75,221 to €97,770
- Staff costs +€31,380
up €31,380 (+43.3%), from €72,392 to €103,772
- Gross operating margin +€20,703
up €20,703 (+8.2%), from €251,493 to €272,196
- Financial charges +€7,745
up €7,745 (+85.8%), from €9,026 to €16,771
- Taxes -€6,880
down €6,880 (-17.1%), from €40,164 to €33,284
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 | €633,290 | €721,032 | +€87,742 | +13.9% |
| Fixed assets | 21/28 | €87,470 | €88,942 | +€1,472 | +1.7% |
| Intangible fixed assets | 21 | €347 | €181 | -€167 | -48.0% |
| Tangible fixed assets | 22/27 | €87,123 | €88,762 | +€1,639 | +1.9% |
| Plant, machinery and equipment | 23 | €62,137 | €55,192 | -€6,945 | -11.2% |
| Furniture and vehicles | 24 | €24,986 | €18,867 | -€6,119 | -24.5% |
| Other tangible fixed assets | 26 | - | €14,703 | +€14,703 | |
| Current assets | 29/58 | €545,820 | €632,089 | +€86,270 | +15.8% |
| Stocks and contracts in progress | 3 | €289,191 | €333,698 | +€44,507 | +15.4% |
| Stocks | 30/36 | €289,191 | €333,698 | +€44,507 | +15.4% |
| Amounts receivable within one year | 40/41 | €74,550 | €51,332 | -€23,218 | -31.1% |
| Trade receivables | 40 | €74,427 | €51,332 | -€23,094 | -31.0% |
| Other amounts receivable | 41 | €123 | €0 | -€123 | -100% |
| Cash at bank and in hand | 54/58 | €181,019 | €246,077 | +€65,058 | +35.9% |
| Deferred charges and accrued income | 490/1 | €1,060 | €983 | -€77 | -7.3% |
| Total equity and liabilities | 10/49 | €633,290 | €721,032 | +€87,742 | +13.9% |
| Equity | 10/15 | €112,136 | €205,277 | +€93,141 | +83.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,136 | €200,277 | +€93,141 | +86.9% |
| Distributable reserves | 133 | €107,136 | €200,277 | +€93,141 | +86.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €521,154 | €515,755 | -€5,399 | -1.0% |
| Amounts payable after more than one year | 17 | €159,730 | €123,952 | -€35,778 | -22.4% |
| Financial debts | 170/4 | €159,730 | €123,952 | -€35,778 | -22.4% |
| Amounts payable within one year | 42/48 | €361,424 | €391,802 | +€30,378 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €56,026 | €61,812 | +€5,785 | +10.3% |
| Financial debts | 43 | €35,000 | €0 | -€35,000 | -100% |
| Credit institutions | 430/8 | €35,000 | €0 | -€35,000 | -100% |
| Trade debts | 44 | €75,221 | €97,770 | +€22,549 | +30.0% |
| Suppliers | 440/4 | €75,221 | €97,770 | +€22,549 | +30.0% |
| Advances received on contracts in progress | 46 | €6,000 | €3,363 | -€2,637 | -43.9% |
| Taxes, remuneration and social security | 45 | €32,589 | €64,997 | +€32,408 | +99.4% |
| Taxes | 450/3 | €27,005 | €52,974 | +€25,969 | +96.2% |
| Remuneration and social security | 454/9 | €5,584 | €12,023 | +€6,440 | +115% |
| Other amounts payable | 47/48 | €156,588 | €163,860 | +€7,272 | +4.6% |
| Remuneration, social security and pensions | 62 | €72,392 | €103,772 | +€31,380 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,711 | €21,800 | +€2,089 | +10.6% |
| Other operating charges | 640/8 | €3,149 | €1,873 | -€1,276 | -40.5% |
| Gross operating margin | 9900 | €251,493 | €272,196 | +€20,703 | +8.2% |
| Operating profit (loss) | 9901 | €156,241 | €144,751 | -€11,490 | -7.4% |
| Financial income | 75/76B | €1,802 | €111 | -€1,692 | -93.9% |
| Recurring financial income | 75 | €1,802 | €111 | -€1,692 | -93.9% |
| Financial charges | 65/66B | €9,026 | €16,771 | +€7,745 | +85.8% |
| Recurring financial charges | 65 | €9,026 | €16,771 | +€7,745 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €149,018 | €128,091 | -€20,927 | -14.0% |
| Income taxes | 67/77 | €40,164 | €33,284 | -€6,880 | -17.1% |
| Profit (loss) for the period | 9904 | €108,854 | €94,807 | -€14,047 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,854 | €94,807 | -€14,047 | -12.9% |
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 13 October 2026 via checked.be.