VERDENET FREDERIC: 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.
VERDENET FREDERIC
Largest movements
- Receivables within one year +€4,500
up €4,500 (+52.1%), from €8,644 to €13,144
of which Trade receivables: +€3,764
- Tangible fixed assets -€4,062
down €4,062 (-32.4%), from €12,526 to €8,464
of which Leasing and similar rights: -€2,791
- Stocks and contracts +€3,102
up €3,102 (+53.2%), from €5,831 to €8,933
- Deferred charges and accrued income +€2,118
up €2,118 (+1,210%), from €175 to €2,293
- Cash +€974
up €974 (+766%), from €127 to €1,101
mainly Trade debts (+€7,113) and Depreciation (+€4,062)
- Trade debts +€7,113
up €7,113 (+167%), from €4,258 to €11,372
- Debts after one year -€2,746
down €2,746 (-37.4%), from €7,348 to €4,601
- Tax, wage and social debts +€2,600
up €2,600 (+885%), from €294 to €2,893
of which Remuneration and social security: +€2,000
- Profit (loss) carried forward -€736
down €736 (-14.2%), from €5,174 to €4,438
- Current portion of long-term debt +€401
up €401 (+19.5%), from €2,060 to €2,461
- Gross operating margin -€1,916
down €1,916 (-33.3%), from €5,751 to €3,835
- Depreciation -€318
down €318 (-7.3%), from €4,379 to €4,062
- Taxes -€187
down €187 (-63.7%), from €294 to €107
- Financial income +€172
up €172 (+571,667%), from €0 to €172
- Other operating charges -€162
down €162 (-70.3%), from €230 to €68
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 | €27,303 | €33,935 | +€6,632 | +24.3% |
| Fixed assets | 21/28 | €12,526 | €8,464 | -€4,062 | -32.4% |
| Tangible fixed assets | 22/27 | €12,526 | €8,464 | -€4,062 | -32.4% |
| Plant, machinery and equipment | 23 | €2,004 | €734 | -€1,271 | -63.4% |
| Leasing and similar rights | 25 | €10,521 | €7,730 | -€2,791 | -26.5% |
| Current assets | 29/58 | €14,777 | €25,471 | +€10,694 | +72.4% |
| Stocks and contracts in progress | 3 | €5,831 | €8,933 | +€3,102 | +53.2% |
| Stocks | 30/36 | €5,831 | €8,933 | +€3,102 | +53.2% |
| Amounts receivable within one year | 40/41 | €8,644 | €13,144 | +€4,500 | +52.1% |
| Trade receivables | 40 | €5,539 | €9,303 | +€3,764 | +68.0% |
| Other amounts receivable | 41 | €3,105 | €3,841 | +€736 | +23.7% |
| Cash at bank and in hand | 54/58 | €127 | €1,101 | +€974 | +766% |
| Deferred charges and accrued income | 490/1 | €175 | €2,293 | +€2,118 | +1,210% |
| Total equity and liabilities | 10/49 | €27,303 | €33,935 | +€6,632 | +24.3% |
| Equity | 10/15 | €13,343 | €12,608 | -€736 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,969 | €1,969 | = | 0.0% |
| Distributable reserves | 133 | €1,969 | €1,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,174 | €4,438 | -€736 | -14.2% |
| Amounts payable | 17/49 | €13,959 | €21,327 | +€7,368 | +52.8% |
| Amounts payable after more than one year | 17 | €7,348 | €4,601 | -€2,746 | -37.4% |
| Financial debts | 170/4 | €7,348 | €4,601 | -€2,746 | -37.4% |
| Amounts payable within one year | 42/48 | €6,612 | €16,726 | +€10,114 | +153% |
| Current portion of amounts payable after more than one year | 42 | €2,060 | €2,461 | +€401 | +19.5% |
| Trade debts | 44 | €4,258 | €11,372 | +€7,113 | +167% |
| Suppliers | 440/4 | €4,258 | €11,372 | +€7,113 | +167% |
| Taxes, remuneration and social security | 45 | €294 | €2,893 | +€2,600 | +885% |
| Taxes | 450/3 | €294 | €893 | +€600 | +204% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,379 | €4,062 | -€318 | -7.3% |
| Other operating charges | 640/8 | €230 | €68 | -€162 | -70.3% |
| Gross operating margin | 9900 | €5,751 | €3,835 | -€1,916 | -33.3% |
| Operating profit (loss) | 9901 | €1,141 | -€295 | -€1,437 | |
| Financial income | 75/76B | €0 | €172 | +€172 | +571,667% |
| Recurring financial income | 75 | €0 | €172 | +€172 | +571,667% |
| Financial charges | 65/66B | €588 | €506 | -€82 | -13.9% |
| Recurring financial charges | 65 | €588 | €506 | -€82 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €554 | -€629 | -€1,183 | |
| Income taxes | 67/77 | €294 | €107 | -€187 | -63.7% |
| Profit (loss) for the period | 9904 | €260 | -€736 | -€996 | |
| Profit (loss) for the period to be appropriated | 9905 | €260 | -€736 | -€996 |
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 20 October 2026 via checked.be.