VERDEN: 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.
VERDEN
Largest movements
- Cash +€17,938
up €17,938 (+16.0%), from €112,225 to €130,163
mainly Net result for the year (+€30,355) and Receivables within one year (+€11,154)
- Current investments +€16,067
new in 2025: €16,067
- Receivables within one year -€11,154
down €11,154 (-67.3%), from €16,583 to €5,429
of which Trade receivables: -€13,976
- Tangible fixed assets +€3,458
up €3,458 (+495.8%), from €698 to €4,156
of which Other tangible fixed assets: +€3,600
- Profit (loss) carried forward +€30,355
up €30,355 (+30.3%), from €100,077 to €130,432
- Tax, wage and social debts -€5,865
down €5,865 (-21.1%), from €27,820 to €21,956
- Gross operating margin -€50,035
down €50,035 (-50.8%), from €98,565 to €48,530
- Taxes -€6,151
down €6,151 (-30.8%), from €19,942 to €13,791
- Other operating charges +€1,949
up €1,949 (+1076.3%), from €181 to €2,130
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 | €130,662 | €155,826 | +€25,164 | +19.3% |
| Fixed assets | 21/28 | €698 | €4,156 | +€3,458 | +495.8% |
| Tangible fixed assets | 22/27 | €698 | €4,156 | +€3,458 | +495.8% |
| Furniture and vehicles | 24 | €698 | €556 | -€142 | -20.3% |
| Other tangible fixed assets | 26 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €129,965 | €151,670 | +€21,705 | +16.7% |
| Amounts receivable within one year | 40/41 | €16,583 | €5,429 | -€11,154 | -67.3% |
| Trade receivables | 40 | €13,976 | - | -€13,976 | |
| Other amounts receivable | 41 | €2,608 | €5,429 | +€2,821 | +108.2% |
| Current investments | 50/53 | - | €16,067 | +€16,067 | |
| Cash at bank and in hand | 54/58 | €112,225 | €130,163 | +€17,938 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,156 | €10 | -€1,146 | -99.1% |
| Total equity and liabilities | 10/49 | €130,662 | €155,826 | +€25,164 | +19.3% |
| Equity | 10/15 | €102,577 | €132,932 | +€30,355 | +29.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,077 | €130,432 | +€30,355 | +30.3% |
| Amounts payable | 17/49 | €28,086 | €22,894 | -€5,192 | -18.5% |
| Amounts payable within one year | 42/48 | €28,086 | €22,894 | -€5,192 | -18.5% |
| Trade debts | 44 | €265 | €938 | +€673 | +253.5% |
| Suppliers | 440/4 | €265 | €938 | +€673 | +253.5% |
| Taxes, remuneration and social security | 45 | €27,820 | €21,956 | -€5,865 | -21.1% |
| Taxes | 450/3 | €27,820 | €21,956 | -€5,865 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €142 | +€131 | +1308.1% |
| Other operating charges | 640/8 | €181 | €2,130 | +€1,949 | +1076.3% |
| Gross operating margin | 9900 | €98,565 | €48,530 | -€50,035 | -50.8% |
| Operating profit (loss) | 9901 | €98,374 | €46,258 | -€52,115 | -53.0% |
| Financial income | 75/76B | €1 | €96 | +€95 | +11750.6% |
| Recurring financial income | 75 | €1 | €96 | +€95 | +11750.6% |
| Financial charges | 65/66B | €2,524 | €2,208 | -€316 | -12.5% |
| Recurring financial charges | 65 | €2,524 | €2,208 | -€316 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €95,851 | €44,146 | -€51,704 | -53.9% |
| Income taxes | 67/77 | €19,942 | €13,791 | -€6,151 | -30.8% |
| Profit (loss) for the period | 9904 | €75,909 | €30,355 | -€45,553 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,909 | €30,355 | -€45,553 | -60.0% |
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 6 October 2026 via checked.be.