VERDEC: 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.
VERDEC
Largest movements
- Cash -€2,086
down €2,086 (-54.1%), from €3,853 to €1,767
mainly Tax, wage and social debts (-€4,681) and Receivables within one year (-€1,346)
- Receivables within one year +€1,346
up €1,346 (+3.5%), from €38,720 to €40,066
of which Other amounts receivable: +€3,766
- Tangible fixed assets -€1,009
down €1,009 (-38.6%), from €2,617 to €1,608
- Deferred charges and accrued income -€988
down €988 (-40.2%), from €2,461 to €1,473
- Tax, wage and social debts -€4,681
down €4,681 (-44.8%), from €10,442 to €5,761
of which Taxes: -€3,912
- Other debts +€974
up €974 (+5843.7%), from €17 to €991
- Profit (loss) carried forward +€939
up €939 (+289.1%), from €325 to €1,264
- Gross operating margin -€9,179
down €9,179 (-65.0%), from €14,123 to €4,944
- Taxes -€774
down €774 (-34.3%), from €2,254 to €1,480
- Financial charges -€143
down €143 (-23.6%), from €604 to €461
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 | €47,652 | €44,914 | -€2,737 | -5.7% |
| Fixed assets | 21/28 | €2,617 | €1,608 | -€1,009 | -38.6% |
| Tangible fixed assets | 22/27 | €2,617 | €1,608 | -€1,009 | -38.6% |
| Plant, machinery and equipment | 23 | €712 | €303 | -€409 | -57.4% |
| Furniture and vehicles | 24 | €460 | €77 | -€383 | -83.3% |
| Other tangible fixed assets | 26 | €1,446 | €1,229 | -€217 | -15.0% |
| Current assets | 29/58 | €45,035 | €43,306 | -€1,728 | -3.8% |
| Amounts receivable within one year | 40/41 | €38,720 | €40,066 | +€1,346 | +3.5% |
| Trade receivables | 40 | €38,720 | €36,300 | -€2,420 | -6.3% |
| Other amounts receivable | 41 | - | €3,766 | +€3,766 | |
| Cash at bank and in hand | 54/58 | €3,853 | €1,767 | -€2,086 | -54.1% |
| Deferred charges and accrued income | 490/1 | €2,461 | €1,473 | -€988 | -40.2% |
| Total equity and liabilities | 10/49 | €47,652 | €44,914 | -€2,737 | -5.7% |
| Equity | 10/15 | €33,229 | €34,167 | +€939 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,904 | €27,904 | = | 0.0% |
| Distributable reserves | 133 | €27,904 | €27,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325 | €1,264 | +€939 | +289.1% |
| Amounts payable | 17/49 | €14,423 | €10,747 | -€3,676 | -25.5% |
| Amounts payable within one year | 42/48 | €14,077 | €10,497 | -€3,580 | -25.4% |
| Trade debts | 44 | €3,618 | €3,745 | +€127 | +3.5% |
| Suppliers | 440/4 | €3,618 | €3,745 | +€127 | +3.5% |
| Taxes, remuneration and social security | 45 | €10,442 | €5,761 | -€4,681 | -44.8% |
| Taxes | 450/3 | €9,673 | €5,761 | -€3,912 | -40.4% |
| Remuneration and social security | 454/9 | €769 | €0 | -€769 | -100.0% |
| Other amounts payable | 47/48 | €17 | €991 | +€974 | +5843.7% |
| Accrued charges and deferred income | 492/3 | €346 | €250 | -€96 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009 | €1,009 | = | 0.0% |
| Other operating charges | 640/8 | €979 | €1,055 | +€75 | +7.7% |
| Gross operating margin | 9900 | €14,123 | €4,944 | -€9,179 | -65.0% |
| Operating profit (loss) | 9901 | €12,135 | €2,880 | -€9,255 | -76.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €604 | €461 | -€143 | -23.6% |
| Recurring financial charges | 65 | €604 | €461 | -€143 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €11,535 | €2,419 | -€9,116 | -79.0% |
| Income taxes | 67/77 | €2,254 | €1,480 | -€774 | -34.3% |
| Profit (loss) for the period | 9904 | €9,281 | €939 | -€8,342 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,281 | €939 | -€8,342 | -89.9% |
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 11 October 2026 via checked.be.