VERDEBEU: 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.
VERDEBEU
Largest movements
- Receivables within one year +€34,233
up €34,233 (+5,846%), from €586 to €34,818
of which Trade receivables: +€34,233
- Cash -€29,746
down €29,746 (-88.2%), from €33,741 to €3,996
mainly Contributions, distributions and other (-€77,730) and Receivables within one year (-€34,233)
- Tangible fixed assets -€15,949
down €15,949 (-31.1%), from €51,234 to €35,285
of which Furniture and vehicles: -€15,866
- Stocks and contracts +€10,152
up €10,152 (+30.0%), from €33,841 to €43,994
- Intangible fixed assets -€1,630
down €1,630 (-48.0%), from €3,397 to €1,767
- Other debts +€60,633
up €60,633 (+262%), from €23,145 to €83,778
- Reserves -€38,149
down €38,149 (-100%), from €38,149 to €0
- Tax, wage and social debts -€14,377
down €14,377 (-51.4%), from €27,975 to €13,598
of which Taxes: -€9,181
- Debts after one year -€11,338
down €11,338 (-67.8%), from €16,729 to €5,391
- Gross operating margin +€29,613
up €29,613 (+64.8%), from €45,675 to €75,288
- Taxes +€6,297
up €6,297 (+79.1%), from €7,958 to €14,255
- Other operating charges -€1,151
down €1,151 (-39.6%), from €2,906 to €1,755
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 | €125,503 | €121,355 | -€4,148 | -3.3% |
| Fixed assets | 21/28 | €54,631 | €37,052 | -€17,579 | -32.2% |
| Intangible fixed assets | 21 | €3,397 | €1,767 | -€1,630 | -48.0% |
| Tangible fixed assets | 22/27 | €51,234 | €35,285 | -€15,949 | -31.1% |
| Plant, machinery and equipment | 23 | - | €1,077 | +€1,077 | |
| Furniture and vehicles | 24 | €49,762 | €33,896 | -€15,866 | -31.9% |
| Leasing and similar rights | 25 | €1,472 | €312 | -€1,159 | -78.8% |
| Current assets | 29/58 | €70,872 | €84,303 | +€13,431 | +19.0% |
| Stocks and contracts in progress | 3 | €33,841 | €43,994 | +€10,152 | +30.0% |
| Stocks | 30/36 | €33,841 | €43,994 | +€10,152 | +30.0% |
| Amounts receivable within one year | 40/41 | €586 | €34,818 | +€34,233 | +5,846% |
| Trade receivables | 40 | €586 | €34,818 | +€34,233 | +5,846% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,741 | €3,996 | -€29,746 | -88.2% |
| Deferred charges and accrued income | 490/1 | €2,704 | €1,496 | -€1,208 | -44.7% |
| Total equity and liabilities | 10/49 | €125,503 | €121,355 | -€4,148 | -3.3% |
| Equity | 10/15 | €40,149 | €2,000 | -€38,149 | -95.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,149 | €0 | -€38,149 | -100% |
| Distributable reserves | 133 | €38,149 | €0 | -€38,149 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,354 | €119,355 | +€34,001 | +39.8% |
| Amounts payable after more than one year | 17 | €16,729 | €5,391 | -€11,338 | -67.8% |
| Financial debts | 170/4 | €16,729 | €5,391 | -€11,338 | -67.8% |
| Amounts payable within one year | 42/48 | €68,625 | €113,964 | +€45,339 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €11,122 | €11,338 | +€216 | +1.9% |
| Trade debts | 44 | €6,383 | €5,250 | -€1,132 | -17.7% |
| Suppliers | 440/4 | €6,383 | €5,250 | -€1,132 | -17.7% |
| Taxes, remuneration and social security | 45 | €27,975 | €13,598 | -€14,377 | -51.4% |
| Taxes | 450/3 | €22,279 | €13,098 | -€9,181 | -41.2% |
| Remuneration and social security | 454/9 | €5,695 | €500 | -€5,195 | -91.2% |
| Other amounts payable | 47/48 | €23,145 | €83,778 | +€60,633 | +262% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,656 | €18,871 | +€215 | +1.2% |
| Other operating charges | 640/8 | €2,906 | €1,755 | -€1,151 | -39.6% |
| Gross operating margin | 9900 | €45,675 | €75,288 | +€29,613 | +64.8% |
| Operating profit (loss) | 9901 | €24,113 | €54,662 | +€30,549 | +127% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €1,127 | €841 | -€286 | -25.4% |
| Recurring financial charges | 65 | €1,127 | €841 | -€286 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €22,986 | €53,836 | +€30,850 | +134% |
| Income taxes | 67/77 | €7,958 | €14,255 | +€6,297 | +79.1% |
| Profit (loss) for the period | 9904 | €15,028 | €39,581 | +€24,552 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €15,028 | €39,581 | +€24,552 | +163% |
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.