VERDIGEST: 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.
VERDIGEST
Largest movements
- Tangible fixed assets +€13,548
up €13,548 (+8.7%), from €156,621 to €170,170
of which Furniture and vehicles: +€21,229
- Other debts +€26,543
up €26,543 (+210.1%), from €12,631 to €39,174
- Debts after one year -€11,740
down €11,740 (-11.0%), from €106,496 to €94,756
- Gross operating margin -€17,941
down €17,941 (-52.8%), from €33,997 to €16,057
- Other operating charges -€5,024
down €5,024 (-70.1%), from €7,163 to €2,140
- Depreciation +€3,341
up €3,341 (+41.2%), from €8,111 to €11,452
- Financial charges -€2,515
down €2,515 (-48.5%), from €5,181 to €2,666
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 | €171,172 | €186,621 | +€15,449 | +9.0% |
| Fixed assets | 21/28 | €162,271 | €175,820 | +€13,548 | +8.3% |
| Tangible fixed assets | 22/27 | €156,621 | €170,170 | +€13,548 | +8.7% |
| Land and buildings | 22 | €156,179 | €148,622 | -€7,557 | -4.8% |
| Plant, machinery and equipment | 23 | €303 | €179 | -€124 | -40.9% |
| Furniture and vehicles | 24 | €139 | €21,368 | +€21,229 | +15287.3% |
| Financial fixed assets | 28 | €5,650 | €5,650 | = | 0.0% |
| Current assets | 29/58 | €8,900 | €10,801 | +€1,901 | +21.4% |
| Amounts receivable within one year | 40/41 | - | €822 | +€822 | |
| Trade receivables | 40 | - | €822 | +€822 | |
| Cash at bank and in hand | 54/58 | €8,900 | €8,522 | -€378 | -4.2% |
| Deferred charges and accrued income | 490/1 | - | €1,457 | +€1,457 | |
| Total equity and liabilities | 10/49 | €171,172 | €186,621 | +€15,449 | +9.0% |
| Equity | 10/15 | €42,847 | €42,512 | -€335 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €30,195 | €30,195 | = | 0.0% |
| Reserves | 13 | €443 | €443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €443 | €443 | = | 0.0% |
| Reserves not available under the articles | 1311 | €443 | €443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,391 | -€6,726 | -€335 | -5.2% |
| Amounts payable | 17/49 | €128,324 | €144,108 | +€15,784 | +12.3% |
| Amounts payable after more than one year | 17 | €106,496 | €94,756 | -€11,740 | -11.0% |
| Financial debts | 170/4 | €106,496 | €94,756 | -€11,740 | -11.0% |
| Amounts payable within one year | 42/48 | €21,828 | €49,352 | +€27,524 | +126.1% |
| Current portion of amounts payable after more than one year | 42 | €8,939 | €10,133 | +€1,194 | +13.4% |
| Trade debts | 44 | €258 | €45 | -€213 | -82.5% |
| Suppliers | 440/4 | €258 | €45 | -€213 | -82.5% |
| Other amounts payable | 47/48 | €12,631 | €39,174 | +€26,543 | +210.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,111 | €11,452 | +€3,341 | +41.2% |
| Other operating charges | 640/8 | €7,163 | €2,140 | -€5,024 | -70.1% |
| Gross operating margin | 9900 | €33,997 | €16,057 | -€17,941 | -52.8% |
| Operating profit (loss) | 9901 | €18,723 | €2,465 | -€16,258 | -86.8% |
| Financial income | 75/76B | €9 | €33 | +€25 | +288.2% |
| Recurring financial income | 75 | €9 | €33 | +€25 | +288.2% |
| Financial charges | 65/66B | €5,181 | €2,666 | -€2,515 | -48.5% |
| Recurring financial charges | 65 | €5,181 | €2,666 | -€2,515 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €13,550 | -€168 | -€13,718 | |
| Income taxes | 67/77 | - | €167 | +€167 | |
| Profit (loss) for the period | 9904 | €13,550 | -€335 | -€13,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,550 | -€335 | -€13,885 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.