VERDIE: 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.
What changed
VERDIE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,030
2024 · €7,049-€4,019
Equity
€93,529
2024 · €90,499+€3,030
Cash
€4,170
2024 · €4,785-€615
Balance sheet total
€625,464
2024 · €634,576-€9,112
Largest movements
Assets
- Tangible fixed assets -€12,996
down €12,996 (-3.1%), from €419,785 to €406,789
of which Land and buildings: -€16,402
Equity and liabilities
- Debts after one year -€22,087
down €22,087 (-9.3%), from €237,913 to €215,825
- Profit (loss) carried forward +€7,508
up €7,508 (+10.8%), from -€69,620 to -€62,112
- Other debts +€6,500
up €6,500 (+3.5%), from €186,725 to €193,225
Income statement
- Gross operating margin -€4,250
down €4,250 (-13.0%), from €32,596 to €28,346
- Financial charges -€649
down €649 (-9.1%), from €7,148 to €6,499
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.
Result 2024
€7,049
Gross operating margin
-€4,250
Depreciation
-€151
Other operating charges
-€296
Financial income
+€28
Financial charges
+€649
Result 2025
€3,030
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.
From operations
+€22,616
Investment
-€5,242
Financing
-€17,990
Cash 2024
€4,785
From operations (derived)
+€22,616
Net result for the year
+€3,030
Depreciation
+€18,238
Receivables after one year
-€4,402
Deferred charges and accrued income
-€97
Provisions
-€1,493
Trade debts
+€1,523
Other debts
+€6,500
Accrued charges and deferred income
-€682
Investment (derived)
-€5,242
Investment in fixed assets (net)
-€5,242
Financing
-€17,990
Debts after one year
-€22,087
Current portion of long-term debt
+€886
Short-term financial debts
+€3,212
Cash 2025
€4,170
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,576 | €625,464 | -€9,112 | -1.4% |
| Fixed assets | 21/28 | €419,785 | €406,789 | -€12,996 | -3.1% |
| Tangible fixed assets | 22/27 | €419,785 | €406,789 | -€12,996 | -3.1% |
| Land and buildings | 22 | €399,567 | €383,164 | -€16,402 | -4.1% |
| Plant, machinery and equipment | 23 | €11,096 | €14,503 | +€3,407 | +30.7% |
| Other tangible fixed assets | 26 | €9,122 | €9,122 | = | 0.0% |
| Current assets | 29/58 | €214,791 | €218,675 | +€3,884 | +1.8% |
| Amounts receivable after more than one year | 29 | €207,929 | €212,331 | +€4,402 | +2.1% |
| Other amounts receivable | 291 | €207,929 | €212,331 | +€4,402 | +2.1% |
| Cash at bank and in hand | 54/58 | €4,785 | €4,170 | -€615 | -12.9% |
| Deferred charges and accrued income | 490/1 | €2,078 | €2,174 | +€97 | +4.7% |
| Total equity and liabilities | 10/49 | €634,576 | €625,464 | -€9,112 | -1.4% |
| Equity | 10/15 | €90,499 | €93,529 | +€3,030 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,519 | €137,040 | -€4,479 | -3.2% |
| Tax-exempt reserves | 132 | €141,519 | €137,040 | -€4,479 | -3.2% |
| Profit (loss) carried forward | 14 | -€69,620 | -€62,112 | +€7,508 | +10.8% |
| Provisions and deferred taxes | 16 | €49,396 | €47,903 | -€1,493 | -3.0% |
| Provisions for liabilities and charges | 160/5 | €2,223 | €2,223 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,223 | €2,223 | = | 0.0% |
| Deferred taxes | 168 | €47,173 | €45,680 | -€1,493 | -3.2% |
| Amounts payable | 17/49 | €494,681 | €484,032 | -€10,649 | -2.2% |
| Amounts payable after more than one year | 17 | €237,913 | €215,825 | -€22,087 | -9.3% |
| Financial debts | 170/4 | €237,913 | €215,825 | -€22,087 | -9.3% |
| Amounts payable within one year | 42/48 | €253,135 | €265,256 | +€12,121 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €23,004 | €23,891 | +€886 | +3.9% |
| Financial debts | 43 | €43,405 | €46,617 | +€3,212 | +7.4% |
| Other loans | 439 | €43,405 | €46,617 | +€3,212 | +7.4% |
| Trade debts | 44 | - | €1,523 | +€1,523 | |
| Suppliers | 440/4 | - | €1,523 | +€1,523 | |
| Other amounts payable | 47/48 | €186,725 | €193,225 | +€6,500 | +3.5% |
| Accrued charges and deferred income | 492/3 | €3,633 | €2,951 | -€682 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,087 | €18,238 | +€151 | +0.8% |
| Other operating charges | 640/8 | €2,832 | €3,128 | +€296 | +10.4% |
| Gross operating margin | 9900 | €32,596 | €28,346 | -€4,250 | -13.0% |
| Operating profit (loss) | 9901 | €11,677 | €6,981 | -€4,696 | -40.2% |
| Financial income | 75/76B | €1,027 | €1,055 | +€28 | +2.7% |
| Recurring financial income | 75 | €1,027 | €1,055 | +€28 | +2.7% |
| Financial charges | 65/66B | €7,148 | €6,499 | -€649 | -9.1% |
| Recurring financial charges | 65 | €7,148 | €6,499 | -€649 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €5,556 | €1,537 | -€4,019 | -72.3% |
| Transfer from deferred taxes | 780 | €1,493 | €1,493 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €7,049 | €3,030 | -€4,019 | -57.0% |
| Transfer from tax-exempt reserves | 789 | €4,479 | €4,479 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,528 | €7,508 | -€4,019 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.