Verdesc: 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.
Verdesc
Largest movements
- Cash +€28,739
up €28,739 (+571%), from €5,037 to €33,776
mainly Net result for the year (+€17,667) and Depreciation (+€16,988)
- Tangible fixed assets -€16,988
down €16,988 (-32.2%), from €52,776 to €35,788
of which Furniture and vehicles: -€16,394
- Current investments +€9,316
up €9,316 (+9.2%), from €100,873 to €110,189
- Reserves +€10,000
up €10,000 (+11.1%), from €89,773 to €99,773
- Profit (loss) carried forward +€7,667
up €7,667 (+5.1%), from €149,967 to €157,634
- Gross operating margin +€12,796
up €12,796 (+46.4%), from €27,598 to €40,394
- Financial income -€3,263
down €3,263 (-56.8%), from €5,747 to €2,484
- Taxes +€3,026
up €3,026 (+75.6%), from €4,003 to €7,029
- Depreciation +€752
up €752 (+4.6%), from €16,237 to €16,988
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 | €286,903 | €304,644 | +€17,741 | +6.2% |
| Fixed assets | 21/28 | €161,566 | €141,883 | -€19,683 | -12.2% |
| Tangible fixed assets | 22/27 | €52,776 | €35,788 | -€16,988 | -32.2% |
| Plant, machinery and equipment | 23 | €2,359 | €1,765 | -€595 | -25.2% |
| Furniture and vehicles | 24 | €50,417 | €34,023 | -€16,394 | -32.5% |
| Financial fixed assets | 28 | €108,790 | €106,095 | -€2,695 | -2.5% |
| Current assets | 29/58 | €125,337 | €162,761 | +€37,425 | +29.9% |
| Amounts receivable within one year | 40/41 | €19,427 | €18,796 | -€631 | -3.2% |
| Trade receivables | 40 | €16,634 | €18,796 | +€2,162 | +13.0% |
| Other amounts receivable | 41 | €2,793 | - | -€2,793 | |
| Current investments | 50/53 | €100,873 | €110,189 | +€9,316 | +9.2% |
| Cash at bank and in hand | 54/58 | €5,037 | €33,776 | +€28,739 | +571% |
| Total equity and liabilities | 10/49 | €286,903 | €304,644 | +€17,741 | +6.2% |
| Equity | 10/15 | €258,340 | €276,006 | +€17,667 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,773 | €99,773 | +€10,000 | +11.1% |
| Distributable reserves | 133 | €89,773 | €99,773 | +€10,000 | +11.1% |
| Profit (loss) carried forward | 14 | €149,967 | €157,634 | +€7,667 | +5.1% |
| Amounts payable | 17/49 | €28,563 | €28,638 | +€75 | +0.3% |
| Amounts payable within one year | 42/48 | €28,563 | €28,638 | +€75 | +0.3% |
| Trade debts | 44 | €1,121 | €1,121 | = | 0.0% |
| Suppliers | 440/4 | €1,121 | €1,121 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,588 | +€2,588 | |
| Taxes | 450/3 | - | €2,588 | +€2,588 | |
| Other amounts payable | 47/48 | €27,442 | €24,929 | -€2,513 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,237 | €16,988 | +€752 | +4.6% |
| Other operating charges | 640/8 | €645 | €808 | +€163 | +25.3% |
| Gross operating margin | 9900 | €27,598 | €40,394 | +€12,796 | +46.4% |
| Operating profit (loss) | 9901 | €10,717 | €22,598 | +€11,881 | +111% |
| Financial income | 75/76B | €5,747 | €2,484 | -€3,263 | -56.8% |
| Recurring financial income | 75 | €5,747 | €2,484 | -€3,263 | -56.8% |
| Financial charges | 65/66B | €508 | €386 | -€122 | -24.0% |
| Recurring financial charges | 65 | €508 | €386 | -€122 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €15,957 | €24,696 | +€8,739 | +54.8% |
| Income taxes | 67/77 | €4,003 | €7,029 | +€3,026 | +75.6% |
| Profit (loss) for the period | 9904 | €11,954 | €17,667 | +€5,713 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,954 | €17,667 | +€5,713 | +47.8% |
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 14 October 2026 via checked.be.