VERDICKT: 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.
VERDICKT
Largest movements
- Receivables within one year +€186,381
up €186,381 (+21.5%), from €867,691 to €1.1m
of which Trade receivables: +€142,796
- Cash +€103,465
up €103,465 (+42.3%), from €244,393 to €347,858
mainly Net result for the year (+€297,982) and Short-term financial debts (+€120,000)
- Deferred charges and accrued income +€74,972
up €74,972 (+27,563%), from €272 to €75,244
- Tangible fixed assets +€62,907
up €62,907 (+33.4%), from €188,062 to €250,968
of which Furniture and vehicles: +€79,594
- Reserves +€297,982
up €297,982 (+29.7%), from €1.0m to €1.3m
- Short-term financial debts +€120,000
new in 2025: €120,000
- Trade debts +€34,153
up €34,153 (+22.1%), from €154,867 to €189,020
- Gross operating margin +€224,837
up €224,837 (+73.2%), from €307,154 to €531,990
- Taxes +€54,090
up €54,090 (+71.1%), from €76,090 to €130,179
- Depreciation +€19,141
up €19,141 (+33.4%), from €57,348 to €76,489
- Other operating charges +€10,735
up €10,735 (+138%), from €7,775 to €18,510
- Staff costs +€5,827
new in 2025: €5,827
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 | €1,316,418 | €1,751,142 | +€434,724 | +33.0% |
| Fixed assets | 21/28 | €188,062 | €250,968 | +€62,907 | +33.4% |
| Tangible fixed assets | 22/27 | €188,062 | €250,968 | +€62,907 | +33.4% |
| Plant, machinery and equipment | 23 | €72,741 | €56,054 | -€16,687 | -22.9% |
| Furniture and vehicles | 24 | €115,321 | €194,914 | +€79,594 | +69.0% |
| Current assets | 29/58 | €1,128,356 | €1,500,174 | +€371,817 | +33.0% |
| Stocks and contracts in progress | 3 | €16,000 | €23,000 | +€7,000 | +43.8% |
| Stocks | 30/36 | €16,000 | €23,000 | +€7,000 | +43.8% |
| Amounts receivable within one year | 40/41 | €867,691 | €1,054,072 | +€186,381 | +21.5% |
| Trade receivables | 40 | €693,021 | €835,818 | +€142,796 | +20.6% |
| Other amounts receivable | 41 | €174,670 | €218,254 | +€43,584 | +25.0% |
| Cash at bank and in hand | 54/58 | €244,393 | €347,858 | +€103,465 | +42.3% |
| Deferred charges and accrued income | 490/1 | €272 | €75,244 | +€74,972 | +27,563% |
| Total equity and liabilities | 10/49 | €1,316,418 | €1,751,142 | +€434,724 | +33.0% |
| Equity | 10/15 | €1,023,083 | €1,321,064 | +€297,982 | +29.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,004,491 | €1,302,472 | +€297,982 | +29.7% |
| Distributable reserves | 133 | €1,004,491 | €1,302,472 | +€297,982 | +29.7% |
| Amounts payable | 17/49 | €293,335 | €430,078 | +€136,742 | +46.6% |
| Amounts payable after more than one year | 17 | €31,841 | €16,455 | -€15,386 | -48.3% |
| Financial debts | 170/4 | €31,841 | €16,455 | -€15,386 | -48.3% |
| Amounts payable within one year | 42/48 | €258,074 | €409,987 | +€151,913 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €20,531 | €15,386 | -€5,145 | -25.1% |
| Financial debts | 43 | - | €120,000 | +€120,000 | |
| Credit institutions | 430/8 | - | €120,000 | +€120,000 | |
| Trade debts | 44 | €154,867 | €189,020 | +€34,153 | +22.1% |
| Suppliers | 440/4 | €154,867 | €189,020 | +€34,153 | +22.1% |
| Taxes, remuneration and social security | 45 | €82,676 | €85,581 | +€2,905 | +3.5% |
| Taxes | 450/3 | €82,676 | €84,207 | +€1,531 | +1.9% |
| Remuneration and social security | 454/9 | - | €1,374 | +€1,374 | |
| Accrued charges and deferred income | 492/3 | €3,420 | €3,635 | +€215 | +6.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €5,827 | +€5,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,348 | €76,489 | +€19,141 | +33.4% |
| Other operating charges | 640/8 | €7,775 | €18,510 | +€10,735 | +138% |
| Gross operating margin | 9900 | €307,154 | €531,990 | +€224,837 | +73.2% |
| Operating profit (loss) | 9901 | €242,031 | €431,165 | +€189,134 | +78.1% |
| Financial income | 75/76B | €1,908 | €489 | -€1,419 | -74.4% |
| Recurring financial income | 75 | €1,908 | €489 | -€1,419 | -74.4% |
| Financial charges | 65/66B | €5,520 | €3,493 | -€2,027 | -36.7% |
| Recurring financial charges | 65 | €5,520 | €3,493 | -€2,027 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €238,419 | €428,161 | +€189,742 | +79.6% |
| Income taxes | 67/77 | €76,090 | €130,179 | +€54,090 | +71.1% |
| Profit (loss) for the period | 9904 | €162,330 | €297,982 | +€135,652 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,330 | €297,982 | +€135,652 | +83.6% |
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 19 October 2026 via checked.be.