Verdi Concept: 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 Concept
Largest movements
- Tangible fixed assets -€22,286
down €22,286 (-60.6%), from €36,772 to €14,486
- Cash -€9,906
down €9,906 (-33.1%), from €29,887 to €19,981
mainly Short-term financial debts (-€14,544) and Trade debts (-€12,786)
- Stocks and contracts +€4,846
up €4,846 (+25.0%), from €19,370 to €24,216
- Receivables within one year -€2,100
down €2,100 (-50.0%), from €4,200 to €2,100
- Short-term financial debts -€14,544
down €14,544 (-81.3%), from €17,883 to €3,339
- Trade debts -€12,786
down €12,786 (-37.1%), from €34,498 to €21,712
- Tax, wage and social debts -€1,616
down €1,616 (-30.3%), from €5,328 to €3,712
- Gross operating margin +€11,885
up €11,885 (+55.7%), from €21,339 to €33,224
- Other operating charges +€5,924
up €5,924 (+110%), from €5,361 to €11,285
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 | €97,729 | €68,283 | -€29,446 | -30.1% |
| Fixed assets | 21/28 | €44,272 | €21,986 | -€22,286 | -50.3% |
| Tangible fixed assets | 22/27 | €36,772 | €14,486 | -€22,286 | -60.6% |
| Furniture and vehicles | 24 | €36,772 | €14,486 | -€22,286 | -60.6% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €53,457 | €46,297 | -€7,160 | -13.4% |
| Stocks and contracts in progress | 3 | €19,370 | €24,216 | +€4,846 | +25.0% |
| Stocks | 30/36 | €19,370 | €24,216 | +€4,846 | +25.0% |
| Amounts receivable within one year | 40/41 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Trade receivables | 40 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Cash at bank and in hand | 54/58 | €29,887 | €19,981 | -€9,906 | -33.1% |
| Total equity and liabilities | 10/49 | €97,729 | €68,283 | -€29,446 | -30.1% |
| Equity | 10/15 | €6,967 | €6,396 | -€571 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€1,093 | -€1,664 | -€571 | -52.2% |
| Amounts payable | 17/49 | €90,762 | €61,886 | -€28,875 | -31.8% |
| Amounts payable within one year | 42/48 | €90,762 | €61,886 | -€28,875 | -31.8% |
| Financial debts | 43 | €17,883 | €3,339 | -€14,544 | -81.3% |
| Other loans | 439 | €17,883 | €3,339 | -€14,544 | -81.3% |
| Trade debts | 44 | €34,498 | €21,712 | -€12,786 | -37.1% |
| Suppliers | 440/4 | €34,498 | €21,712 | -€12,786 | -37.1% |
| Taxes, remuneration and social security | 45 | €5,328 | €3,712 | -€1,616 | -30.3% |
| Taxes | 450/3 | €5,328 | €3,712 | -€1,616 | -30.3% |
| Other amounts payable | 47/48 | €33,052 | €33,123 | +€71 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,286 | €22,286 | = | 0.0% |
| Other operating charges | 640/8 | €5,361 | €11,285 | +€5,924 | +110% |
| Gross operating margin | 9900 | €21,339 | €33,224 | +€11,885 | +55.7% |
| Operating profit (loss) | 9901 | -€6,308 | -€347 | +€5,961 | +94.5% |
| Financial charges | 65/66B | €180 | €224 | +€44 | +24.4% |
| Recurring financial charges | 65 | €180 | €224 | +€44 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,488 | -€571 | +€5,917 | +91.2% |
| Profit (loss) for the period | 9904 | -€6,488 | -€571 | +€5,917 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,488 | -€571 | +€5,917 | +91.2% |
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 18 October 2026 via checked.be.