VERDI: 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.
VERDI
Largest movements
- Cash -€7,606
down €7,606 (-5.9%), from €128,332 to €120,726
mainly Contributions, distributions and other (-€160,752) and Investment in fixed assets (net) (-€6,206)
- Receivables within one year -€7,240
down €7,240 (-13.0%), from €55,745 to €48,505
of which Trade receivables: -€8,479
- Tangible fixed assets +€4,010
up €4,010 (+85.6%), from €4,685 to €8,695
- Reserves -€114,077
down €114,077 (-100.0%), from €114,077 to €0
- Other debts +€90,477
up €90,477 (+269.3%), from €33,593 to €124,070
- Tax, wage and social debts +€13,552
up €13,552 (+64.0%), from €21,186 to €34,737
- Gross operating margin -€36,117
down €36,117 (-36.7%), from €98,503 to €62,385
- Taxes -€6,949
down €6,949 (-34.9%), from €19,892 to €12,943
- Depreciation +€1,241
up €1,241 (+130.0%), from €955 to €2,196
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 | €189,485 | €177,926 | -€11,560 | -6.1% |
| Fixed assets | 21/28 | €4,685 | €8,695 | +€4,010 | +85.6% |
| Tangible fixed assets | 22/27 | €4,685 | €8,695 | +€4,010 | +85.6% |
| Other tangible fixed assets | 26 | €4,685 | €8,695 | +€4,010 | +85.6% |
| Current assets | 29/58 | €184,801 | €169,231 | -€15,570 | -8.4% |
| Amounts receivable within one year | 40/41 | €55,745 | €48,505 | -€7,240 | -13.0% |
| Trade receivables | 40 | €54,450 | €45,971 | -€8,479 | -15.6% |
| Other amounts receivable | 41 | €1,295 | €2,534 | +€1,239 | +95.7% |
| Cash at bank and in hand | 54/58 | €128,332 | €120,726 | -€7,606 | -5.9% |
| Deferred charges and accrued income | 490/1 | €724 | €0 | -€724 | -100.0% |
| Total equity and liabilities | 10/49 | €189,485 | €177,926 | -€11,560 | -6.1% |
| Equity | 10/15 | €132,677 | €18,600 | -€114,077 | -86.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,077 | €0 | -€114,077 | -100.0% |
| Distributable reserves | 133 | €114,077 | €0 | -€114,077 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,809 | €159,326 | +€102,517 | +180.5% |
| Amounts payable within one year | 42/48 | €56,809 | €159,326 | +€102,517 | +180.5% |
| Trade debts | 44 | €2,030 | €518 | -€1,512 | -74.5% |
| Suppliers | 440/4 | €2,030 | €518 | -€1,512 | -74.5% |
| Taxes, remuneration and social security | 45 | €21,186 | €34,737 | +€13,552 | +64.0% |
| Taxes | 450/3 | €21,186 | €34,737 | +€13,552 | +64.0% |
| Other amounts payable | 47/48 | €33,593 | €124,070 | +€90,477 | +269.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €2,196 | +€1,241 | +130.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €98,503 | €62,385 | -€36,117 | -36.7% |
| Operating profit (loss) | 9901 | €97,097 | €59,724 | -€37,373 | -38.5% |
| Financial charges | 65/66B | €385 | €106 | -€280 | -72.6% |
| Recurring financial charges | 65 | €385 | €106 | -€280 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €96,711 | €59,618 | -€37,093 | -38.4% |
| Income taxes | 67/77 | €19,892 | €12,943 | -€6,949 | -34.9% |
| Profit (loss) for the period | 9904 | €76,819 | €46,675 | -€30,144 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,819 | €46,675 | -€30,144 | -39.2% |
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 8 October 2026 via checked.be.