VERDIBO: 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.
VERDIBO
Largest movements
- Receivables within one year +€22,323
up €22,323 (+109.9%), from €20,312 to €42,635
of which Other amounts receivable: +€21,479
- Receivables after one year -€8,000
down €8,000 (-3.0%), from €271,116 to €263,116
- Reserves +€19,129
up €19,129 (+8.0%), from €238,998 to €258,127
of which Distributable reserves: +€20,988
- Other debts -€12,500
down €12,500 (-62.5%), from €20,000 to €7,500
- Short-term financial debts +€8,316
up €8,316 (+2164.5%), from €384 to €8,700
of which Credit institutions: +€5,176
- Tax, wage and social debts -€8,042
down €8,042 (-35.2%), from €22,863 to €14,821
- Trade debts +€7,930
up €7,930 (+264.6%), from €2,997 to €10,927
- Write-downs +€5,738
new in 2025: €5,738
- Gross operating margin +€5,318
up €5,318 (+14.1%), from €37,783 to €43,101
- Other operating charges -€2,361
down €2,361 (-53.3%), from €4,428 to €2,067
- Taxes -€1,262
down €1,262 (-12.9%), from €9,755 to €8,494
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 | €291,653 | €306,473 | +€14,820 | +5.1% |
| Current assets | 29/58 | €291,653 | €306,473 | +€14,820 | +5.1% |
| Amounts receivable after more than one year | 29 | €271,116 | €263,116 | -€8,000 | -3.0% |
| Other amounts receivable | 291 | €271,116 | €263,116 | -€8,000 | -3.0% |
| Amounts receivable within one year | 40/41 | €20,312 | €42,635 | +€22,323 | +109.9% |
| Trade receivables | 40 | €8,174 | €9,018 | +€844 | +10.3% |
| Other amounts receivable | 41 | €12,138 | €33,617 | +€21,479 | +177.0% |
| Cash at bank and in hand | 54/58 | €224 | €722 | +€497 | +221.6% |
| Total equity and liabilities | 10/49 | €291,653 | €306,473 | +€14,820 | +5.1% |
| Equity | 10/15 | €245,198 | €264,327 | +€19,129 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €238,998 | €258,127 | +€19,129 | +8.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €237,139 | €258,127 | +€20,988 | +8.9% |
| Amounts payable | 17/49 | €46,455 | €42,146 | -€4,309 | -9.3% |
| Amounts payable within one year | 42/48 | €46,389 | €41,948 | -€4,441 | -9.6% |
| Financial debts | 43 | €384 | €8,700 | +€8,316 | +2164.5% |
| Credit institutions | 430/8 | €384 | €5,560 | +€5,176 | +1347.2% |
| Other loans | 439 | - | €3,140 | +€3,140 | |
| Trade debts | 44 | €2,997 | €10,927 | +€7,930 | +264.6% |
| Suppliers | 440/4 | €2,997 | €10,927 | +€7,930 | +264.6% |
| Advances received on contracts in progress | 46 | €145 | - | -€145 | |
| Taxes, remuneration and social security | 45 | €22,863 | €14,821 | -€8,042 | -35.2% |
| Taxes | 450/3 | €22,863 | €14,821 | -€8,042 | -35.2% |
| Other amounts payable | 47/48 | €20,000 | €7,500 | -€12,500 | -62.5% |
| Accrued charges and deferred income | 492/3 | €66 | €198 | +€132 | +200.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,738 | +€5,738 | |
| Other operating charges | 640/8 | €4,428 | €2,067 | -€2,361 | -53.3% |
| Gross operating margin | 9900 | €37,783 | €43,101 | +€5,318 | +14.1% |
| Operating profit (loss) | 9901 | €33,355 | €35,295 | +€1,940 | +5.8% |
| Financial income | 75/76B | €1,478 | €1,879 | +€401 | +27.1% |
| Recurring financial income | 75 | €1,478 | €1,879 | +€401 | +27.1% |
| Financial charges | 65/66B | €2,302 | €2,329 | +€27 | +1.2% |
| Recurring financial charges | 65 | €2,302 | €2,329 | +€27 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €32,531 | €34,845 | +€2,314 | +7.1% |
| Income taxes | 67/77 | €9,755 | €8,494 | -€1,262 | -12.9% |
| Profit (loss) for the period | 9904 | €22,776 | €26,352 | +€3,576 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,776 | €26,352 | +€3,576 | +15.7% |
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 5 October 2026 via checked.be.