VERDI: 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.
VERDI
Largest movements
- Stocks and contracts +€28,620
up €28,620 (+47.0%), from €60,926 to €89,546
of which Contracts in progress: +€14,820
- Tangible fixed assets -€11,787
down €11,787 (-25.9%), from €45,487 to €33,701
of which Plant, machinery and equipment: -€6,087
- Other debts +€17,213
up €17,213 (+12.6%), from €136,163 to €153,377
- Profit (loss) carried forward -€9,423
down €9,423 (-11.1%), from -€84,974 to -€94,397
- Trade debts +€4,966
up €4,966 (+690.9%), from €719 to €5,685
- Short-term financial debts +€2,346
up €2,346 (+15.4%), from €15,188 to €17,533
- Gross operating margin -€37,098
down €37,098 (-84.8%), from €43,738 to €6,640
- Depreciation +€4,930
up €4,930 (+52.7%), from €9,359 to €14,289
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 | €192,873 | €210,015 | +€17,141 | +8.9% |
| Fixed assets | 21/28 | €45,487 | €33,701 | -€11,787 | -25.9% |
| Tangible fixed assets | 22/27 | €45,487 | €33,701 | -€11,787 | -25.9% |
| Plant, machinery and equipment | 23 | €21,197 | €15,110 | -€6,087 | -28.7% |
| Furniture and vehicles | 24 | €24,291 | €18,591 | -€5,700 | -23.5% |
| Current assets | 29/58 | €147,386 | €176,314 | +€28,928 | +19.6% |
| Stocks and contracts in progress | 3 | €60,926 | €89,546 | +€28,620 | +47.0% |
| Stocks | 30/36 | €46,392 | €60,192 | +€13,800 | +29.7% |
| Contracts in progress | 37 | €14,534 | €29,354 | +€14,820 | +102.0% |
| Amounts receivable within one year | 40/41 | €86,460 | €86,768 | +€308 | +0.4% |
| Trade receivables | 40 | €69,643 | €71,556 | +€1,913 | +2.7% |
| Other amounts receivable | 41 | €16,817 | €15,212 | -€1,605 | -9.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €192,873 | €210,015 | +€17,141 | +8.9% |
| Equity | 10/15 | €40,086 | €30,663 | -€9,423 | -23.5% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €31,461 | €31,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,601 | €29,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,974 | -€94,397 | -€9,423 | -11.1% |
| Amounts payable | 17/49 | €152,787 | €179,351 | +€26,565 | +17.4% |
| Amounts payable within one year | 42/48 | €152,787 | €179,351 | +€26,565 | +17.4% |
| Financial debts | 43 | €15,188 | €17,533 | +€2,346 | +15.4% |
| Credit institutions | 430/8 | €15,188 | €17,533 | +€2,346 | +15.4% |
| Trade debts | 44 | €719 | €5,685 | +€4,966 | +690.9% |
| Suppliers | 440/4 | €719 | €5,685 | +€4,966 | +690.9% |
| Taxes, remuneration and social security | 45 | €717 | €2,756 | +€2,039 | +284.4% |
| Taxes | 450/3 | €717 | €2,756 | +€2,039 | +284.4% |
| Other amounts payable | 47/48 | €136,163 | €153,377 | +€17,213 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,359 | €14,289 | +€4,930 | +52.7% |
| Other operating charges | 640/8 | €399 | €164 | -€236 | -59.0% |
| Gross operating margin | 9900 | €43,738 | €6,640 | -€37,098 | -84.8% |
| Operating profit (loss) | 9901 | €33,980 | -€7,813 | -€41,792 | |
| Financial income | 75/76B | €25 | €217 | +€192 | +767.9% |
| Recurring financial income | 75 | €25 | €217 | +€192 | +767.9% |
| Financial charges | 65/66B | €1,542 | €1,828 | +€286 | +18.6% |
| Recurring financial charges | 65 | €1,542 | €1,828 | +€286 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €32,463 | -€9,423 | -€41,886 | |
| Profit (loss) for the period | 9904 | €32,463 | -€9,423 | -€41,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,463 | -€9,423 | -€41,886 |
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 9 October 2026 via checked.be.