VERDEYEN: 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.
VERDEYEN
Largest movements
- Stocks and contracts -€12,024
no longer reported in 2025 (was €12,024)
- Receivables within one year -€6,282
down €6,282 (-22.7%), from €27,676 to €21,393
of which Trade receivables: -€8,906
- Cash -€1,525
down €1,525 (-87.9%), from €1,736 to €210
mainly Net result for the year (-€26,399) and Tax, wage and social debts (-€4,278)
- Tangible fixed assets -€727
down €727 (-14.3%), from €5,079 to €4,353
- Profit (loss) carried forward -€26,399
down €26,399 (-4.3%), from -€619,585 to -€645,983
- Debts after one year +€11,356
up €11,356 (+3.6%), from €314,307 to €325,663
of which Other amounts payable: +€11,356
- Tax, wage and social debts -€4,278
down €4,278 (-84.6%), from €5,057 to €779
of which Taxes: -€4,290
- Trade debts -€3,360
down €3,360 (-13.4%), from €25,086 to €21,726
- Other debts +€2,123
up €2,123 (+55.9%), from €3,799 to €5,922
- Gross operating margin -€27,609
down €27,609 (-99.8%), from €27,662 to €53
- Write-downs +€12,024
new in 2025: €12,024
- Other operating charges +€9,766
up €9,766 (+142%), from €6,886 to €16,652
- Financial charges -€3,900
down €3,900 (-86.1%), from €4,532 to €632
- Financial income +€3,047
up €3,047 (+569%), from €535 to €3,582
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 | €46,514 | €25,956 | -€20,558 | -44.2% |
| Fixed assets | 21/28 | €5,079 | €4,353 | -€727 | -14.3% |
| Tangible fixed assets | 22/27 | €5,079 | €4,353 | -€727 | -14.3% |
| Land and buildings | 22 | €5,079 | €4,353 | -€727 | -14.3% |
| Current assets | 29/58 | €41,435 | €21,604 | -€19,831 | -47.9% |
| Stocks and contracts in progress | 3 | €12,024 | - | -€12,024 | |
| Stocks | 30/36 | €12,024 | - | -€12,024 | |
| Amounts receivable within one year | 40/41 | €27,676 | €21,393 | -€6,282 | -22.7% |
| Trade receivables | 40 | €27,191 | €18,285 | -€8,906 | -32.8% |
| Other amounts receivable | 41 | €484 | €3,108 | +€2,624 | +542% |
| Cash at bank and in hand | 54/58 | €1,736 | €210 | -€1,525 | -87.9% |
| Total equity and liabilities | 10/49 | €46,514 | €25,956 | -€20,558 | -44.2% |
| Equity | 10/15 | -€301,735 | -€328,133 | -€26,399 | -8.7% |
| Contributions | 10/11 | €299,100 | €299,100 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€619,585 | -€645,983 | -€26,399 | -4.3% |
| Amounts payable | 17/49 | €348,249 | €354,090 | +€5,841 | +1.7% |
| Amounts payable after more than one year | 17 | €314,307 | €325,663 | +€11,356 | +3.6% |
| Financial debts | 170/4 | €88,548 | €88,548 | = | 0.0% |
| Other amounts payable | 178/9 | €225,759 | €237,115 | +€11,356 | +5.0% |
| Amounts payable within one year | 42/48 | €33,941 | €28,426 | -€5,515 | -16.2% |
| Trade debts | 44 | €25,086 | €21,726 | -€3,360 | -13.4% |
| Suppliers | 440/4 | €25,086 | €21,726 | -€3,360 | -13.4% |
| Taxes, remuneration and social security | 45 | €5,057 | €779 | -€4,278 | -84.6% |
| Taxes | 450/3 | €4,290 | - | -€4,290 | |
| Remuneration and social security | 454/9 | €767 | €779 | +€12 | +1.5% |
| Other amounts payable | 47/48 | €3,799 | €5,922 | +€2,123 | +55.9% |
| Non-recurring operating income | 76A | €38,650 | €8,000 | -€30,650 | -79.3% |
| Remuneration, social security and pensions | 62 | €718 | - | -€718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,580 | €727 | -€2,854 | -79.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,024 | +€12,024 | |
| Other operating charges | 640/8 | €6,886 | €16,652 | +€9,766 | +142% |
| Gross operating margin | 9900 | €27,662 | €53 | -€27,609 | -99.8% |
| Operating profit (loss) | 9901 | €16,477 | -€29,349 | -€45,826 | |
| Financial income | 75/76B | €535 | €3,582 | +€3,047 | +569% |
| Recurring financial income | 75 | €535 | €3,582 | +€3,047 | +569% |
| Financial charges | 65/66B | €4,532 | €632 | -€3,900 | -86.1% |
| Recurring financial charges | 65 | €4,532 | €632 | -€3,900 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €12,480 | -€26,399 | -€38,879 | |
| Profit (loss) for the period | 9904 | €12,480 | -€26,399 | -€38,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,480 | -€26,399 | -€38,879 |
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 21 October 2026 via checked.be.