VERDI ENGI: 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 ENGI
Largest movements
- Current investments +€39,282
up €39,282 (+55.0%), from €71,360 to €110,642
- Receivables within one year +€18,626
up €18,626 (+150%), from €12,415 to €31,040
of which Other amounts receivable: +€15,867
- Receivables after one year +€11,236
new in 2025: €11,236
- Reserves +€44,003
up €44,003 (+40.7%), from €108,207 to €152,210
- Provisions +€36,479
new in 2025: €36,479
- Tax, wage and social debts -€9,012
down €9,012 (-49.7%), from €18,125 to €9,113
- Other debts -€2,341
down €2,341 (-100%), from €2,341 to €0
- Gross operating margin -€58,821
down €58,821 (-36.7%), from €160,095 to €101,274
- Provisions +€36,479
new in 2025: €36,479
- Taxes -€25,627
down €25,627 (-56.6%), from €45,311 to €19,684
- Financial income +€3,976
up €3,976 (+1,815%), from €219 to €4,195
- Financial charges -€2,248
down €2,248 (-50.5%), from €4,455 to €2,207
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 | €138,103 | €205,264 | +€67,161 | +48.6% |
| Fixed assets | 21/28 | €4,318 | €2,604 | -€1,714 | -39.7% |
| Tangible fixed assets | 22/27 | €4,318 | €2,604 | -€1,714 | -39.7% |
| Plant, machinery and equipment | 23 | €2,317 | €1,678 | -€640 | -27.6% |
| Furniture and vehicles | 24 | €2,001 | €926 | -€1,074 | -53.7% |
| Current assets | 29/58 | €133,784 | €202,660 | +€68,875 | +51.5% |
| Amounts receivable after more than one year | 29 | - | €11,236 | +€11,236 | |
| Other amounts receivable | 291 | - | €11,236 | +€11,236 | |
| Amounts receivable within one year | 40/41 | €12,415 | €31,040 | +€18,626 | +150% |
| Trade receivables | 40 | €12,415 | €15,173 | +€2,759 | +22.2% |
| Other amounts receivable | 41 | - | €15,867 | +€15,867 | |
| Current investments | 50/53 | €71,360 | €110,642 | +€39,282 | +55.0% |
| Cash at bank and in hand | 54/58 | €48,255 | €47,931 | -€324 | -0.7% |
| Deferred charges and accrued income | 490/1 | €1,755 | €1,810 | +€56 | +3.2% |
| Total equity and liabilities | 10/49 | €138,103 | €205,264 | +€67,161 | +48.6% |
| Equity | 10/15 | €113,207 | €157,210 | +€44,003 | +38.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,207 | €152,210 | +€44,003 | +40.7% |
| Distributable reserves | 133 | €108,207 | €152,210 | +€44,003 | +40.7% |
| Provisions and deferred taxes | 16 | - | €36,479 | +€36,479 | |
| Deferred taxes | 168 | - | €36,479 | +€36,479 | |
| Amounts payable | 17/49 | €24,896 | €11,575 | -€13,320 | -53.5% |
| Amounts payable within one year | 42/48 | €24,896 | €11,558 | -€13,338 | -53.6% |
| Trade debts | 44 | €4,430 | €2,445 | -€1,985 | -44.8% |
| Suppliers | 440/4 | €4,430 | €2,445 | -€1,985 | -44.8% |
| Taxes, remuneration and social security | 45 | €18,125 | €9,113 | -€9,012 | -49.7% |
| Taxes | 450/3 | €18,125 | €9,113 | -€9,012 | -49.7% |
| Other amounts payable | 47/48 | €2,341 | €0 | -€2,341 | -100% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €1,714 | -€389 | -18.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €36,479 | +€36,479 | |
| Other operating charges | 640/8 | €238 | €1,383 | +€1,145 | +481% |
| Gross operating margin | 9900 | €160,095 | €101,274 | -€58,821 | -36.7% |
| Operating profit (loss) | 9901 | €157,754 | €61,699 | -€96,055 | -60.9% |
| Financial income | 75/76B | €219 | €4,195 | +€3,976 | +1,815% |
| Recurring financial income | 75 | €219 | €4,195 | +€3,976 | +1,815% |
| Financial charges | 65/66B | €4,455 | €2,207 | -€2,248 | -50.5% |
| Recurring financial charges | 65 | €4,455 | €2,207 | -€2,248 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €153,518 | €63,687 | -€89,831 | -58.5% |
| Income taxes | 67/77 | €45,311 | €19,684 | -€25,627 | -56.6% |
| Profit (loss) for the period | 9904 | €108,207 | €44,003 | -€64,204 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,207 | €44,003 | -€64,204 | -59.3% |
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 25 October 2026 via checked.be.