VERDEBOR: 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.
VERDEBOR
Largest movements
- Tangible fixed assets +€7,115
up €7,115 (+412.7%), from €1,724 to €8,838
of which Furniture and vehicles: +€7,147
- Cash +€5,338
up €5,338 (+173.1%), from €3,083 to €8,422
mainly Net result for the year (+€8,947) and Debts after one year (+€8,021)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Deferred charges and accrued income +€1,446
up €1,446 (+68.7%), from €2,104 to €3,550
- Reserves +€8,947
up €8,947 (+25.9%), from €34,500 to €43,447
- Debts after one year +€8,021
new in 2025: €8,021
- Trade debts -€3,592
down €3,592 (-30.7%), from €11,693 to €8,102
- Tax, wage and social debts +€1,886
up €1,886 (+612.0%), from €308 to €2,195
of which Taxes: +€1,886
- Current portion of long-term debt +€1,829
new in 2025: €1,829
- Gross operating margin +€22,584
up €22,584 (+555.5%), from €4,065 to €26,650
- Other operating charges +€11,300
up €11,300 (+185.1%), from €6,106 to €17,406
- Write-downs -€4,370
down €4,370 (-128.6%), from -€3,398 to -€7,768
- Taxes +€3,228
up €3,228 (+508.4%), from €635 to €3,862
- Financial charges +€958
up €958 (+32.5%), from €2,951 to €3,908
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 | €44,497 | €61,295 | +€16,798 | +37.8% |
| Fixed assets | 21/28 | €1,724 | €11,338 | +€9,615 | +557.7% |
| Tangible fixed assets | 22/27 | €1,724 | €8,838 | +€7,115 | +412.7% |
| Plant, machinery and equipment | 23 | €32 | €0 | -€32 | -100.0% |
| Furniture and vehicles | 24 | €1,692 | €8,838 | +€7,147 | +422.4% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €42,773 | €49,956 | +€7,184 | +16.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,586 | €27,985 | +€400 | +1.4% |
| Trade receivables | 40 | €16,862 | €7,513 | -€9,349 | -55.4% |
| Other amounts receivable | 41 | €10,724 | €20,473 | +€9,749 | +90.9% |
| Cash at bank and in hand | 54/58 | €3,083 | €8,422 | +€5,338 | +173.1% |
| Deferred charges and accrued income | 490/1 | €2,104 | €3,550 | +€1,446 | +68.7% |
| Total equity and liabilities | 10/49 | €44,497 | €61,295 | +€16,798 | +37.8% |
| Equity | 10/15 | €32,201 | €41,149 | +€8,947 | +27.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,500 | €43,447 | +€8,947 | +25.9% |
| Distributable reserves | 133 | €34,500 | €43,447 | +€8,947 | +25.9% |
| Profit (loss) carried forward | 14 | -€4,299 | -€4,299 | = | 0.0% |
| Amounts payable | 17/49 | €12,296 | €20,146 | +€7,851 | +63.9% |
| Amounts payable after more than one year | 17 | - | €8,021 | +€8,021 | |
| Financial debts | 170/4 | - | €8,021 | +€8,021 | |
| Amounts payable within one year | 42/48 | €12,002 | €12,125 | +€124 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,829 | +€1,829 | |
| Trade debts | 44 | €11,693 | €8,102 | -€3,592 | -30.7% |
| Suppliers | 440/4 | €11,693 | €8,102 | -€3,592 | -30.7% |
| Taxes, remuneration and social security | 45 | €308 | €2,195 | +€1,886 | +612.0% |
| Taxes | 450/3 | €308 | €2,195 | +€1,886 | +612.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €294 | €0 | -€294 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740 | €1,059 | +€320 | +43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,398 | -€7,768 | -€4,370 | -128.6% |
| Other operating charges | 640/8 | €6,106 | €17,406 | +€11,300 | +185.1% |
| Gross operating margin | 9900 | €4,065 | €26,650 | +€22,584 | +555.5% |
| Operating profit (loss) | 9901 | €618 | €15,952 | +€15,334 | +2481.9% |
| Financial income | 75/76B | €1,061 | €766 | -€295 | -27.8% |
| Recurring financial income | 75 | €1,061 | €766 | -€295 | -27.8% |
| Financial charges | 65/66B | €2,951 | €3,908 | +€958 | +32.5% |
| Recurring financial charges | 65 | €2,951 | €3,908 | +€958 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,271 | €12,810 | +€14,081 | |
| Income taxes | 67/77 | €635 | €3,862 | +€3,228 | +508.4% |
| Profit (loss) for the period | 9904 | -€1,906 | €8,947 | +€10,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,906 | €8,947 | +€10,854 |
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 3 October 2026 via checked.be.