VERDER: 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.
VERDER
Largest movements
- Tangible fixed assets -€57,784
down €57,784 (-5.0%), from €1.2m to €1.1m
of which Other tangible fixed assets: -€55,916
- Receivables within one year +€17,455
up €17,455 (+302.8%), from €5,764 to €23,219
of which Other amounts receivable: +€17,292
- Other debts +€119,867
up €119,867 (+38.4%), from €311,961 to €431,828
- Profit (loss) carried forward -€79,092
down €79,092 (-32.2%), from €245,424 to €166,333
- Debts after one year -€44,194
down €44,194 (-24.2%), from €182,924 to €138,730
- Current portion of long-term debt -€41,175
down €41,175 (-47.7%), from €86,353 to €45,178
- Trade debts +€12,729
up €12,729 (+661.3%), from €1,925 to €14,654
- Taxes -€6,740
down €6,740 (-100.0%), from €6,740 to €0
- Financial charges -€5,245
down €5,245 (-26.2%), from €20,021 to €14,775
- Gross operating margin +€4,247
up €4,247 (+17.0%), from €24,912 to €29,159
- Other operating charges -€4,180
down €4,180 (-42.4%), from €9,860 to €5,680
- Depreciation +€1,034
up €1,034 (+1.2%), from €87,331 to €88,365
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 | €1,164,602 | €1,132,307 | -€32,295 | -2.8% |
| Fixed assets | 21/28 | €1,152,352 | €1,094,568 | -€57,784 | -5.0% |
| Tangible fixed assets | 22/27 | €1,152,352 | €1,094,568 | -€57,784 | -5.0% |
| Plant, machinery and equipment | 23 | €104 | €0 | -€104 | -100.0% |
| Furniture and vehicles | 24 | €8,494 | €6,730 | -€1,764 | -20.8% |
| Other tangible fixed assets | 26 | €1,143,754 | €1,087,838 | -€55,916 | -4.9% |
| Current assets | 29/58 | €12,250 | €37,739 | +€25,489 | +208.1% |
| Amounts receivable within one year | 40/41 | €5,764 | €23,219 | +€17,455 | +302.8% |
| Trade receivables | 40 | - | €163 | +€163 | |
| Other amounts receivable | 41 | €5,764 | €23,056 | +€17,292 | +300.0% |
| Cash at bank and in hand | 54/58 | €6,243 | €5,340 | -€903 | -14.5% |
| Deferred charges and accrued income | 490/1 | €242 | €9,180 | +€8,938 | +3687.4% |
| Total equity and liabilities | 10/49 | €1,164,602 | €1,132,307 | -€32,295 | -2.8% |
| Equity | 10/15 | €579,869 | €500,777 | -€79,092 | -13.6% |
| Contributions | 10/11 | €303,125 | €303,125 | = | 0.0% |
| Reserves | 13 | €31,320 | €31,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,320 | €31,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,424 | €166,333 | -€79,092 | -32.2% |
| Amounts payable | 17/49 | €584,733 | €631,530 | +€46,797 | +8.0% |
| Amounts payable after more than one year | 17 | €182,924 | €138,730 | -€44,194 | -24.2% |
| Financial debts | 170/4 | €182,924 | €138,730 | -€44,194 | -24.2% |
| Amounts payable within one year | 42/48 | €400,238 | €491,660 | +€91,422 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €86,353 | €45,178 | -€41,175 | -47.7% |
| Trade debts | 44 | €1,925 | €14,654 | +€12,729 | +661.3% |
| Suppliers | 440/4 | €1,925 | €14,654 | +€12,729 | +661.3% |
| Other amounts payable | 47/48 | €311,961 | €431,828 | +€119,867 | +38.4% |
| Accrued charges and deferred income | 492/3 | €1,571 | €1,140 | -€431 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,331 | €88,365 | +€1,034 | +1.2% |
| Other operating charges | 640/8 | €9,860 | €5,680 | -€4,180 | -42.4% |
| Gross operating margin | 9900 | €24,912 | €29,159 | +€4,247 | +17.0% |
| Operating profit (loss) | 9901 | -€72,279 | -€64,886 | +€7,393 | +10.2% |
| Financial income | 75/76B | €188 | €570 | +€381 | +202.4% |
| Recurring financial income | 75 | €188 | €570 | +€381 | +202.4% |
| Financial charges | 65/66B | €20,021 | €14,775 | -€5,245 | -26.2% |
| Recurring financial charges | 65 | €20,021 | €14,775 | -€5,245 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€92,111 | -€79,092 | +€13,019 | +14.1% |
| Income taxes | 67/77 | €6,740 | €0 | -€6,740 | -100.0% |
| Profit (loss) for the period | 9904 | -€98,852 | -€79,092 | +€19,760 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,852 | -€79,092 | +€19,760 | +20.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.