VERDEGEM: 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.
VERDEGEM
Largest movements
- Cash -€12,850
down €12,850 (-12.3%), from €104,596 to €91,746
mainly Contributions, distributions and other (-€92,139) and Accrued charges and deferred income (-€6,088)
- Receivables within one year +€3,150
new in 2025: €3,150
- Reserves -€64,899
down €64,899 (-70.4%), from €92,139 to €27,240
- Other debts +€64,178
up €64,178 (+322.8%), from €19,882 to €84,060
- Accrued charges and deferred income -€6,088
no longer reported in 2025 (was €6,088)
- Tax, wage and social debts -€2,802
down €2,802 (-62.9%), from €4,452 to €1,650
- Gross operating margin -€11,443
down €11,443 (-23.7%), from €48,282 to €36,839
- Taxes -€2,409
down €2,409 (-26.0%), from €9,260 to €6,850
- Depreciation +€554
up €554 (+38.0%), from €1,455 to €2,009
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 | €127,560 | €117,949 | -€9,611 | -7.5% |
| Fixed assets | 21/28 | €22,964 | €23,053 | +€90 | +0.4% |
| Tangible fixed assets | 22/27 | €22,964 | €23,053 | +€90 | +0.4% |
| Land and buildings | 22 | €20,136 | €18,808 | -€1,328 | -6.6% |
| Plant, machinery and equipment | 23 | €1,421 | €1,320 | -€101 | -7.1% |
| Furniture and vehicles | 24 | €1,407 | €2,925 | +€1,518 | +107.9% |
| Current assets | 29/58 | €104,596 | €94,896 | -€9,700 | -9.3% |
| Amounts receivable within one year | 40/41 | - | €3,150 | +€3,150 | |
| Other amounts receivable | 41 | - | €3,150 | +€3,150 | |
| Cash at bank and in hand | 54/58 | €104,596 | €91,746 | -€12,850 | -12.3% |
| Total equity and liabilities | 10/49 | €127,560 | €117,949 | -€9,611 | -7.5% |
| Equity | 10/15 | €97,139 | €32,240 | -€64,899 | -66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,139 | €27,240 | -€64,899 | -70.4% |
| Distributable reserves | 133 | €92,139 | €27,240 | -€64,899 | -70.4% |
| Amounts payable | 17/49 | €30,421 | €85,710 | +€55,289 | +181.7% |
| Amounts payable within one year | 42/48 | €24,333 | €85,710 | +€61,376 | +252.2% |
| Taxes, remuneration and social security | 45 | €4,452 | €1,650 | -€2,802 | -62.9% |
| Taxes | 450/3 | €4,452 | €1,650 | -€2,802 | -62.9% |
| Other amounts payable | 47/48 | €19,882 | €84,060 | +€64,178 | +322.8% |
| Accrued charges and deferred income | 492/3 | €6,088 | - | -€6,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,455 | €2,009 | +€554 | +38.0% |
| Other operating charges | 640/8 | €1,072 | €694 | -€379 | -35.3% |
| Gross operating margin | 9900 | €48,282 | €36,839 | -€11,443 | -23.7% |
| Operating profit (loss) | 9901 | €45,754 | €34,136 | -€11,618 | -25.4% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €45,708 | €34,090 | -€11,618 | -25.4% |
| Income taxes | 67/77 | €9,260 | €6,850 | -€2,409 | -26.0% |
| Profit (loss) for the period | 9904 | €36,448 | €27,240 | -€9,208 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,448 | €27,240 | -€9,208 | -25.3% |
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 9 October 2026 via checked.be.