VERDEPA SERVICE: what changed
VERDEPA SERVICE
Largest movements
- Receivables within one year -€32,319
down €32,319 (-62.8%), from €51,483 to €19,164
of which Other amounts receivable: -€34,573
- Cash -€18,769
down €18,769 (-76.5%), from €24,521 to €5,752
mainly Tax, wage and social debts (-€62,341) and Net result for the year (-€5,834)
- Tangible fixed assets -€10,331
down €10,331 (-33.4%), from €30,956 to €20,625
of which Furniture and vehicles: -€6,437
- Deferred charges and accrued income -€8,469
down €8,469 (-23.1%), from €36,635 to €28,167
- Tax, wage and social debts -€62,341
down €62,341 (-84.9%), from €73,464 to €11,122
of which Remuneration and social security: -€45,864
- Profit (loss) carried forward -€5,834
down €5,834 (-42.1%), from €13,848 to €8,015
- Gross operating margin -€33,022
down €33,022 (-16.7%), from €197,806 to €164,784
- Staff costs -€10,480
down €10,480 (-6.5%), from €160,317 to €149,837
- Taxes -€5,393
down €5,393 (-95.3%), from €5,660 to €267
- Depreciation +€2,708
up €2,708 (+35.5%), from €7,623 to €10,331
- Other operating charges +€2,085
up €2,085 (+87.9%), from €2,371 to €4,456
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,956 | €80,818 | -€69,137 | -46.1% |
| Fixed assets | 21/28 | €32,035 | €21,704 | -€10,331 | -32.2% |
| Tangible fixed assets | 22/27 | €30,956 | €20,625 | -€10,331 | -33.4% |
| Land and buildings | 22 | €11,117 | €7,779 | -€3,338 | -30.0% |
| Plant, machinery and equipment | 23 | €882 | €326 | -€556 | -63.0% |
| Furniture and vehicles | 24 | €18,957 | €12,520 | -€6,437 | -34.0% |
| Financial fixed assets | 28 | €1,079 | €1,079 | = | 0.0% |
| Current assets | 29/58 | €117,921 | €59,114 | -€58,807 | -49.9% |
| Stocks and contracts in progress | 3 | €5,281 | €6,031 | +€751 | +14.2% |
| Stocks | 30/36 | €5,281 | €6,031 | +€751 | +14.2% |
| Amounts receivable within one year | 40/41 | €51,483 | €19,164 | -€32,319 | -62.8% |
| Trade receivables | 40 | €5,260 | €7,514 | +€2,254 | +42.9% |
| Other amounts receivable | 41 | €46,223 | €11,650 | -€34,573 | -74.8% |
| Cash at bank and in hand | 54/58 | €24,521 | €5,752 | -€18,769 | -76.5% |
| Deferred charges and accrued income | 490/1 | €36,635 | €28,167 | -€8,469 | -23.1% |
| Total equity and liabilities | 10/49 | €149,956 | €80,818 | -€69,137 | -46.1% |
| Equity | 10/15 | €34,299 | €28,466 | -€5,834 | -17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,851 | €1,851 | = | 0.0% |
| Distributable reserves | 133 | €1,851 | €1,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,848 | €8,015 | -€5,834 | -42.1% |
| Amounts payable | 17/49 | €115,656 | €52,353 | -€63,304 | -54.7% |
| Amounts payable within one year | 42/48 | €114,418 | €52,116 | -€62,302 | -54.5% |
| Taxes, remuneration and social security | 45 | €73,464 | €11,122 | -€62,341 | -84.9% |
| Taxes | 450/3 | €27,600 | €11,122 | -€16,477 | -59.7% |
| Remuneration and social security | 454/9 | €45,864 | - | -€45,864 | |
| Other amounts payable | 47/48 | €40,955 | €40,994 | +€39 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,238 | €236 | -€1,002 | -80.9% |
| Remuneration, social security and pensions | 62 | €160,317 | €149,837 | -€10,480 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,623 | €10,331 | +€2,708 | +35.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,941 | €872 | -€1,069 | -55.1% |
| Other operating charges | 640/8 | €2,371 | €4,456 | +€2,085 | +87.9% |
| Gross operating margin | 9900 | €197,806 | €164,784 | -€33,022 | -16.7% |
| Operating profit (loss) | 9901 | €25,555 | -€711 | -€26,266 | |
| Financial income | 75/76B | €1 | €13 | +€11 | +805% |
| Recurring financial income | 75 | €1 | €13 | +€11 | +805% |
| Financial charges | 65/66B | €3,474 | €4,868 | +€1,394 | +40.1% |
| Recurring financial charges | 65 | €3,474 | €4,868 | +€1,394 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €22,082 | -€5,567 | -€27,649 | |
| Income taxes | 67/77 | €5,660 | €267 | -€5,393 | -95.3% |
| Profit (loss) for the period | 9904 | €16,422 | -€5,834 | -€22,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,422 | -€5,834 | -€22,256 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.