VERDEMAR: 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.
VERDEMAR
Largest movements
- Current investments +€1.4m
up €1.4m (+1400.0%), from €100,000 to €1.5m
- Financial fixed assets -€287,330
down €287,330 (-54.4%), from €528,494 to €241,164
- Receivables after one year -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Receivables within one year +€64,842
up €64,842 (+150.8%), from €42,995 to €107,837
of which Other amounts receivable: +€73,364
- Reserves +€1.1m
up €1.1m (+91.6%), from €1.2m to €2.3m
of which Distributable reserves: +€1.1m
- Debts after one year -€89,648
down €89,648 (-60.9%), from €147,264 to €57,616
- Tax, wage and social debts +€79,399
up €79,399 (+278.3%), from €28,532 to €107,931
- Financial income +€923,177
up €923,177 (+556.2%), from €165,988 to €1.1m
of which Non-recurring financial income: +€758,220
- Taxes +€75,053
up €75,053 (+101.5%), from €73,930 to €148,983
- Gross operating margin -€23,911
down €23,911 (-8.6%), from €277,590 to €253,680
- Depreciation +€11,769
up €11,769 (+13.5%), from €86,989 to €98,759
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 | €2,598,632 | €3,679,918 | +€1.1m | +41.6% |
| Fixed assets | 21/28 | €1,766,605 | €1,470,190 | -€296,415 | -16.8% |
| Tangible fixed assets | 22/27 | €1,238,111 | €1,229,026 | -€9,085 | -0.7% |
| Land and buildings | 22 | €1,138,995 | €1,148,721 | +€9,726 | +0.9% |
| Plant, machinery and equipment | 23 | €20,228 | €16,203 | -€4,025 | -19.9% |
| Furniture and vehicles | 24 | €76,081 | €61,295 | -€14,786 | -19.4% |
| Other tangible fixed assets | 26 | €2,807 | €2,807 | = | 0.0% |
| Financial fixed assets | 28 | €528,494 | €241,164 | -€287,330 | -54.4% |
| Current assets | 29/58 | €832,027 | €2,209,729 | +€1.4m | +165.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €0 | -€80,000 | -100.0% |
| Other amounts receivable | 291 | €80,000 | €0 | -€80,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €42,995 | €107,837 | +€64,842 | +150.8% |
| Trade receivables | 40 | €20,337 | €11,815 | -€8,522 | -41.9% |
| Other amounts receivable | 41 | €22,658 | €96,022 | +€73,364 | +323.8% |
| Current investments | 50/53 | €100,000 | €1,500,000 | +€1.4m | +1400.0% |
| Cash at bank and in hand | 54/58 | €606,291 | €592,506 | -€13,785 | -2.3% |
| Deferred charges and accrued income | 490/1 | €2,741 | €9,385 | +€6,645 | +242.4% |
| Total equity and liabilities | 10/49 | €2,598,632 | €3,679,918 | +€1.1m | +41.6% |
| Equity | 10/15 | €2,309,739 | €3,389,047 | +€1.1m | +46.7% |
| Contributions | 10/11 | €823,592 | €823,592 | = | 0.0% |
| Reserves | 13 | €1,178,427 | €2,257,735 | +€1.1m | +91.6% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,122,177 | €2,201,485 | +€1.1m | +96.2% |
| Profit (loss) carried forward | 14 | €307,720 | €307,720 | = | 0.0% |
| Amounts payable | 17/49 | €288,893 | €290,871 | +€1,978 | +0.7% |
| Amounts payable after more than one year | 17 | €147,264 | €57,616 | -€89,648 | -60.9% |
| Financial debts | 170/4 | €147,264 | €57,616 | -€89,648 | -60.9% |
| Amounts payable within one year | 42/48 | €141,629 | €233,055 | +€91,425 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | €89,031 | €97,091 | +€8,060 | +9.1% |
| Financial debts | 43 | €17,007 | €0 | -€17,007 | -100.0% |
| Credit institutions | 430/8 | €17,007 | €0 | -€17,007 | -100.0% |
| Trade debts | 44 | €7,059 | €20,246 | +€13,187 | +186.8% |
| Suppliers | 440/4 | €7,059 | €20,246 | +€13,187 | +186.8% |
| Taxes, remuneration and social security | 45 | €28,532 | €107,931 | +€79,399 | +278.3% |
| Taxes | 450/3 | €28,532 | €107,931 | +€79,399 | +278.3% |
| Other amounts payable | 47/48 | - | €7,787 | +€7,787 | |
| Accrued charges and deferred income | 492/3 | - | €201 | +€201 | |
| Non-recurring operating income | 76A | €11,500 | €0 | -€11,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,989 | €98,759 | +€11,769 | +13.5% |
| Other operating charges | 640/8 | €10,042 | €9,597 | -€444 | -4.4% |
| Gross operating margin | 9900 | €277,590 | €253,680 | -€23,911 | -8.6% |
| Operating profit (loss) | 9901 | €180,559 | €145,324 | -€35,235 | -19.5% |
| Financial income | 75/76B | €165,988 | €1,089,165 | +€923,177 | +556.2% |
| Recurring financial income | 75 | €160,721 | €325,679 | +€164,958 | +102.6% |
| Non-recurring financial income | 76B | €5,266 | €763,486 | +€758,220 | +14397.5% |
| Financial charges | 65/66B | €5,297 | €6,198 | +€901 | +17.0% |
| Recurring financial charges | 65 | €5,297 | €4,942 | -€355 | -6.7% |
| Non-recurring financial charges | 66B | - | €1,255 | +€1,255 | |
| Profit (loss) for the period before taxes | 9903 | €341,250 | €1,228,291 | +€887,041 | +259.9% |
| Income taxes | 67/77 | €73,930 | €148,983 | +€75,053 | +101.5% |
| Profit (loss) for the period | 9904 | €267,320 | €1,079,308 | +€811,988 | +303.8% |
| Profit (loss) for the period to be appropriated | 9905 | €267,320 | €1,079,308 | +€811,988 | +303.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.