VERDETEC: 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.
VERDETEC
Largest movements
- Receivables within one year -€18,159
down €18,159 (-30.2%), from €60,139 to €41,980
of which Trade receivables: -€17,306
- Cash -€17,040
down €17,040 (-41.4%), from €41,180 to €24,141
mainly Trade debts (-€33,837) and Investment in fixed assets (net) (-€15,565)
- Tangible fixed assets -€4,558
down €4,558 (-14.8%), from €30,716 to €26,158
of which Furniture and vehicles: -€8,180
- Financial fixed assets +€3,378
up €3,378 (+2124.4%), from €159 to €3,537
- Trade debts -€33,837
down €33,837 (-48.7%), from €69,539 to €35,702
- Tax, wage and social debts -€4,965
down €4,965 (-25.3%), from €19,590 to €14,625
of which Taxes: -€6,604
- Profit (loss) carried forward +€3,469
up €3,469 (+9.3%), from €37,305 to €40,774
- Gross operating margin -€14,530
down €14,530 (-11.4%), from €127,927 to €113,397
- Staff costs +€12,881
up €12,881 (+16.7%), from €76,939 to €89,820
- Taxes -€8,431
down €8,431 (-77.4%), from €10,897 to €2,467
- Depreciation +€4,355
up €4,355 (+35.2%), from €12,390 to €16,745
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 | €136,374 | €100,497 | -€35,878 | -26.3% |
| Fixed assets | 21/28 | €30,875 | €29,696 | -€1,179 | -3.8% |
| Tangible fixed assets | 22/27 | €30,716 | €26,158 | -€4,558 | -14.8% |
| Plant, machinery and equipment | 23 | €12,145 | €16,036 | +€3,891 | +32.0% |
| Furniture and vehicles | 24 | €16,420 | €8,240 | -€8,180 | -49.8% |
| Other tangible fixed assets | 26 | €2,151 | €1,882 | -€269 | -12.5% |
| Financial fixed assets | 28 | €159 | €3,537 | +€3,378 | +2124.4% |
| Current assets | 29/58 | €105,499 | €70,801 | -€34,698 | -32.9% |
| Amounts receivable within one year | 40/41 | €60,139 | €41,980 | -€18,159 | -30.2% |
| Trade receivables | 40 | €59,286 | €41,980 | -€17,306 | -29.2% |
| Other amounts receivable | 41 | €854 | - | -€854 | |
| Cash at bank and in hand | 54/58 | €41,180 | €24,141 | -€17,040 | -41.4% |
| Deferred charges and accrued income | 490/1 | €4,180 | €4,681 | +€501 | +12.0% |
| Total equity and liabilities | 10/49 | €136,374 | €100,497 | -€35,878 | -26.3% |
| Equity | 10/15 | €43,564 | €47,033 | +€3,469 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59 | €59 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59 | €59 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59 | €59 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,305 | €40,774 | +€3,469 | +9.3% |
| Amounts payable | 17/49 | €92,810 | €53,464 | -€39,346 | -42.4% |
| Amounts payable within one year | 42/48 | €92,116 | €53,464 | -€38,652 | -42.0% |
| Trade debts | 44 | €69,539 | €35,702 | -€33,837 | -48.7% |
| Suppliers | 440/4 | €69,539 | €35,702 | -€33,837 | -48.7% |
| Taxes, remuneration and social security | 45 | €19,590 | €14,625 | -€4,965 | -25.3% |
| Taxes | 450/3 | €10,691 | €4,087 | -€6,604 | -61.8% |
| Remuneration and social security | 454/9 | €8,899 | €10,538 | +€1,639 | +18.4% |
| Other amounts payable | 47/48 | €2,987 | €3,137 | +€150 | +5.0% |
| Accrued charges and deferred income | 492/3 | €694 | - | -€694 | |
| Remuneration, social security and pensions | 62 | €76,939 | €89,820 | +€12,881 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,390 | €16,745 | +€4,355 | +35.2% |
| Other operating charges | 640/8 | €554 | €530 | -€25 | -4.5% |
| Gross operating margin | 9900 | €127,927 | €113,397 | -€14,530 | -11.4% |
| Operating profit (loss) | 9901 | €38,045 | €6,303 | -€31,742 | -83.4% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1406.8% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1406.8% |
| Financial charges | 65/66B | €499 | €379 | -€121 | -24.1% |
| Recurring financial charges | 65 | €499 | €379 | -€121 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €37,546 | €5,935 | -€31,611 | -84.2% |
| Income taxes | 67/77 | €10,897 | €2,467 | -€8,431 | -77.4% |
| Profit (loss) for the period | 9904 | €26,649 | €3,469 | -€23,180 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,649 | €3,469 | -€23,180 | -87.0% |
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 7 October 2026 via checked.be.