Verder: 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.
What changed
Verder
NACE 46.645, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €2.9m-€1.9m
Equity
€31.4m
2024 · €31.6m-€241,755
Cash
€772
2024 · €772
Balance sheet total
€32.2m
2024 · €32.8m-€539,003
Largest movements
Assets
- Receivables within one year -€503,436
down €503,436 (-34.0%), from €1.5m to €977,497
of which Trade receivables: -€316,078
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€2.0m
down €2.0m (-99.6%), from €2.1m to €7,549
- Turnover +€734,567
up €734,567 (+11.3%), from €6.5m to €7.2m
- Goods and materials +€523,847
up €523,847 (+14.2%), from €3.7m to €4.2m
of which Purchases: +€550,051
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.
Result 2024
€2.9m
Turnover
+€734,567
Other operating income
+€56,295
Goods and materials
-€523,847
Services and other goods
+€22,771
Staff costs
-€33,643
Depreciation
+€77
Write-downs
+€9,176
Other operating charges
-€9
Financial income
-€2.0m
Financial charges
-€2,109
Taxes
-€70,729
Result 2025
€1.0m
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.
From operations
+€1.3m
Investment
-€1,744
Financing
-€1.3m
Cash 2024
€772
From operations (derived)
+€1.3m
Net result for the year
+€1.0m
Depreciation
+€40,292
Smaller working-capital items
+€2,135
Receivables within one year
+€503,436
Deferred charges and accrued income
-€4,156
Trade debts
+€9,228
Tax, wage and social debts
+€20,999
Advances received
-€146,464
Other debts
-€181,971
Investment (derived)
-€1,744
Investment in fixed assets (net)
-€1,744
Financing
-€1.3m
Contributions, distributions and other
-€1.3m
Cash 2025
€772
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,786,343 | €32,247,340 | -€539,003 | -1.6% |
| Fixed assets | 21/28 | €31,247,068 | €31,208,520 | -€38,548 | -0.1% |
| Tangible fixed assets | 22/27 | €140,416 | €101,868 | -€38,548 | -27.5% |
| Land and buildings | 22 | €140,416 | €101,868 | -€38,548 | -27.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €31,106,652 | €31,106,652 | = | 0.0% |
| Affiliated companies | 280/1 | €31,106,402 | €31,106,402 | = | 0.0% |
| Participating interests | 280 | €31,106,402 | €31,106,402 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,539,275 | €1,038,820 | -€500,455 | -32.5% |
| Stocks and contracts in progress | 3 | €56,307 | €55,132 | -€1,175 | -2.1% |
| Stocks | 30/36 | €56,307 | €55,132 | -€1,175 | -2.1% |
| Goods purchased for resale | 34 | €56,307 | €55,132 | -€1,175 | -2.1% |
| Amounts receivable within one year | 40/41 | €1,480,933 | €977,497 | -€503,436 | -34.0% |
| Trade receivables | 40 | €1,291,119 | €975,042 | -€316,078 | -24.5% |
| Other amounts receivable | 41 | €189,814 | €2,455 | -€187,359 | -98.7% |
| Cash at bank and in hand | 54/58 | €772 | €772 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,264 | €5,420 | +€4,156 | +328.9% |
| Total equity and liabilities | 10/49 | €32,786,343 | €32,247,340 | -€539,003 | -1.6% |
| Equity | 10/15 | €31,642,587 | €31,400,832 | -€241,755 | -0.8% |
| Contributions | 10/11 | €8,587,157 | €8,587,157 | = | 0.0% |
| Capital | 10 | €8,587,157 | €8,587,157 | = | 0.0% |
| Issued capital | 100 | €8,587,157 | €8,587,157 | = | 0.0% |
| Reserves | 13 | €873,716 | €873,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €873,716 | €873,716 | = | 0.0% |
| Legal reserve | 130 | €873,716 | €873,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,181,715 | €21,939,960 | -€241,755 | -1.1% |
| Amounts payable | 17/49 | €1,143,756 | €846,508 | -€297,248 | -26.0% |
| Amounts payable within one year | 42/48 | €1,136,096 | €837,889 | -€298,208 | -26.2% |
| Trade debts | 44 | €327,730 | €336,958 | +€9,228 | +2.8% |
| Suppliers | 440/4 | €327,730 | €336,958 | +€9,228 | +2.8% |
| Advances received on contracts in progress | 46 | €146,464 | €0 | -€146,464 | -100.0% |
| Taxes, remuneration and social security | 45 | €349,212 | €370,212 | +€20,999 | +6.0% |
| Taxes | 450/3 | €150,705 | €151,158 | +€453 | +0.3% |
| Remuneration and social security | 454/9 | €198,507 | €219,054 | +€20,547 | +10.4% |
| Other amounts payable | 47/48 | €312,689 | €130,719 | -€181,971 | -58.2% |
| Accrued charges and deferred income | 492/3 | €7,660 | €8,620 | +€960 | +12.5% |
| Operating income | 70/76A | €7,152,106 | €7,942,968 | +€790,862 | +11.1% |
| Turnover | 70 | €6,480,208 | €7,214,775 | +€734,567 | +11.3% |
| Other operating income | 74 | €671,898 | €728,193 | +€56,295 | +8.4% |
| Operating charges | 60/66A | €6,031,736 | €6,557,210 | +€525,474 | +8.7% |
| Goods for resale, raw materials and consumables | 60 | €3,692,026 | €4,215,873 | +€523,847 | +14.2% |
| Purchases | 600/8 | €3,669,213 | €4,219,264 | +€550,051 | +15.0% |
| Change in stocks: decrease (increase) | 609 | €22,813 | -€3,391 | -€26,203 | |
| Services and other goods | 61 | €934,736 | €911,965 | -€22,771 | -2.4% |
| Remuneration, social security and pensions | 62 | €1,350,360 | €1,384,002 | +€33,643 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,369 | €40,292 | -€77 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,742 | €4,566 | -€9,176 | -66.8% |
| Other operating charges | 640/8 | €503 | €512 | +€9 | +1.8% |
| Operating profit (loss) | 9901 | €1,120,370 | €1,385,758 | +€265,389 | +23.7% |
| Financial income | 75/76B | €2,052,063 | €7,549 | -€2.0m | -99.6% |
| Recurring financial income | 75 | €2,052,063 | €7,549 | -€2.0m | -99.6% |
| Income from financial fixed assets | 750 | €2,017,325 | €0 | -€2.0m | -100.0% |
| Other financial income | 752/9 | €34,738 | €7,549 | -€27,189 | -78.3% |
| Financial charges | 65/66B | €15,930 | €18,040 | +€2,109 | +13.2% |
| Recurring financial charges | 65 | €15,930 | €18,040 | +€2,109 | +13.2% |
| Debt charges | 650 | €13,588 | €15,881 | +€2,293 | +16.9% |
| Other financial charges | 652/9 | €2,343 | €2,159 | -€184 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €3,156,502 | €1,375,267 | -€1.8m | -56.4% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €296,294 | €367,022 | +€70,729 | +23.9% |
| Taxes | 670/3 | €298,740 | €367,022 | +€68,282 | +22.9% |
| Tax adjustments and reversals of tax provisions | 77 | €2,447 | €0 | -€2,447 | -100.0% |
| Profit (loss) for the period | 9904 | €2,860,209 | €1,008,245 | -€1.9m | -64.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,860,209 | €1,008,245 | -€1.9m | -64.7% |
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 29 September 2026 via checked.be.