VERDEKIN: 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.
VERDEKIN
Largest movements
- Deferred charges and accrued income +€49,300
up €49,300 (+19.6%), from €252,038 to €301,338
- Profit (loss) carried forward +€47,730
up €47,730 (+36.0%), from €132,473 to €180,203
- Debts after one year -€19,838
down €19,838 (-15.0%), from €132,282 to €112,444
- Tax, wage and social debts +€17,297
up €17,297 (+116%), from €14,973 to €32,269
- Gross operating margin +€13,615
up €13,615 (+118%), from €11,500 to €25,115
- Depreciation -€4,602
no longer reported in 2025 (was €4,602)
- Taxes +€4,321
up €4,321 (+32.8%), from €13,179 to €17,500
- Financial income -€1,638
down €1,638 (-3.2%), from €50,938 to €49,300
- Financial charges -€681
down €681 (-13.4%), from €5,080 to €4,399
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 | €933,827 | €983,046 | +€49,219 | +5.3% |
| Fixed assets | 21/28 | €187,691 | €187,565 | -€126 | -0.1% |
| Tangible fixed assets | 22/27 | €187,691 | €187,565 | -€126 | -0.1% |
| Land and buildings | 22 | €187,691 | €187,565 | -€126 | -0.1% |
| Current assets | 29/58 | €746,135 | €795,481 | +€49,346 | +6.6% |
| Amounts receivable within one year | 40/41 | €493,000 | €493,000 | = | 0.0% |
| Other amounts receivable | 41 | €493,000 | €493,000 | = | 0.0% |
| Current investments | 50/53 | €65 | €64 | -€0 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,033 | €1,079 | +€46 | +4.4% |
| Deferred charges and accrued income | 490/1 | €252,038 | €301,338 | +€49,300 | +19.6% |
| Total equity and liabilities | 10/49 | €933,827 | €983,046 | +€49,219 | +5.3% |
| Equity | 10/15 | €728,286 | €776,015 | +€47,730 | +6.6% |
| Contributions | 10/11 | €541,647 | €541,647 | = | 0.0% |
| Capital | 10 | €541,647 | €541,647 | = | 0.0% |
| Issued capital | 100 | €541,647 | €541,647 | = | 0.0% |
| Reserves | 13 | €54,165 | €54,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,165 | €54,165 | = | 0.0% |
| Legal reserve | 130 | €54,165 | €54,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,473 | €180,203 | +€47,730 | +36.0% |
| Amounts payable | 17/49 | €205,541 | €207,030 | +€1,489 | +0.7% |
| Amounts payable after more than one year | 17 | €132,282 | €112,444 | -€19,838 | -15.0% |
| Financial debts | 170/4 | €132,282 | €112,444 | -€19,838 | -15.0% |
| Amounts payable within one year | 42/48 | €73,259 | €94,586 | +€21,328 | +29.1% |
| Trade debts | 44 | €968 | €998 | +€31 | +3.2% |
| Suppliers | 440/4 | €968 | €998 | +€31 | +3.2% |
| Taxes, remuneration and social security | 45 | €14,973 | €32,269 | +€17,297 | +116% |
| Taxes | 450/3 | €14,973 | €32,269 | +€17,297 | +116% |
| Other amounts payable | 47/48 | €57,319 | €61,319 | +€4,000 | +7.0% |
| Non-recurring operating income | 76A | - | €6,542 | +€6,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,602 | - | -€4,602 | |
| Other operating charges | 640/8 | €4,889 | €4,786 | -€104 | -2.1% |
| Gross operating margin | 9900 | €11,500 | €25,115 | +€13,615 | +118% |
| Operating profit (loss) | 9901 | €2,009 | €20,329 | +€18,320 | +912% |
| Financial income | 75/76B | €50,938 | €49,300 | -€1,638 | -3.2% |
| Recurring financial income | 75 | €50,938 | €49,300 | -€1,638 | -3.2% |
| Financial charges | 65/66B | €5,080 | €4,399 | -€681 | -13.4% |
| Recurring financial charges | 65 | €5,080 | €4,399 | -€681 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €47,866 | €65,230 | +€17,364 | +36.3% |
| Income taxes | 67/77 | €13,179 | €17,500 | +€4,321 | +32.8% |
| Profit (loss) for the period | 9904 | €34,687 | €47,730 | +€13,042 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,687 | €47,730 | +€13,042 | +37.6% |
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 19 October 2026 via checked.be.