Verdigi: 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.
What changed
Verdigi
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€497,227
2024 · €162,114+€335,113
Equity
€2.2m
2024 · €1.7m+€497,227
Cash
€34,953
2024 · €23,887+€11,066
Balance sheet total
€8.9m
2024 · €7.9m+€947,502
Largest movements
Assets
- Tangible fixed assets +€979,303
up €979,303 (+13.0%), from €7.6m to €8.5m
of which Land and buildings: +€1.5m
Equity and liabilities
- Reserves +€497,227
up €497,227 (+32.6%), from €1.5m to €2.0m
- Debts after one year +€356,675
up €356,675 (+6.4%), from €5.5m to €5.9m
of which Financial debts: +€351,725
- Current portion of long-term debt +€100,023
up €100,023 (+25.0%), from €400,619 to €500,643
Income statement
- Gross operating margin +€604,431
up €604,431 (+102%), from €594,402 to €1.2m
- Taxes +€116,210
up €116,210 (+978%), from €11,879 to €128,089
- Depreciation +€88,237
up €88,237 (+28.7%), from €307,688 to €395,925
- Financial charges +€52,906
up €52,906 (+51.2%), from €103,390 to €156,296
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
€162,114
Gross operating margin
+€604,431
Depreciation
-€88,237
Other operating charges
-€10,577
Financial income
-€1,387
Financial charges
-€52,906
Taxes
-€116,210
Result 2025
€497,227
raises the resultlowers the result
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.
From operations
+€929,596
Investment
-€1.4m
Financing
+€456,698
Cash 2024
€23,887
From operations (derived)
+€929,596
Net result for the year
+€497,227
Depreciation
+€395,925
Receivables within one year
+€42,970
Smaller working-capital items
+€4,377
Trade debts
-€9,055
Other debts
+€21,662
Accrued charges and deferred income
-€23,510
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€456,698
Debts after one year
+€356,675
Current portion of long-term debt
+€100,023
Cash 2025
€34,953
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,922,499 | €8,870,001 | +€947,502 | +12.0% |
| Fixed assets | 21/28 | €7,553,334 | €8,532,637 | +€979,303 | +13.0% |
| Tangible fixed assets | 22/27 | €7,552,584 | €8,531,887 | +€979,303 | +13.0% |
| Land and buildings | 22 | €7,041,028 | €8,501,887 | +€1.5m | +20.7% |
| Assets under construction and advance payments | 27 | €511,556 | €30,000 | -€481,556 | -94.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €369,165 | €337,364 | -€31,801 | -8.6% |
| Amounts receivable within one year | 40/41 | €342,332 | €299,362 | -€42,970 | -12.6% |
| Trade receivables | 40 | €90,000 | €122,824 | +€32,824 | +36.5% |
| Other amounts receivable | 41 | €252,332 | €176,539 | -€75,794 | -30.0% |
| Cash at bank and in hand | 54/58 | €23,887 | €34,953 | +€11,066 | +46.3% |
| Deferred charges and accrued income | 490/1 | €2,946 | €3,049 | +€103 | +3.5% |
| Total equity and liabilities | 10/49 | €7,922,499 | €8,870,001 | +€947,502 | +12.0% |
| Equity | 10/15 | €1,723,568 | €2,220,795 | +€497,227 | +28.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,523,568 | €2,020,795 | +€497,227 | +32.6% |
| Distributable reserves | 133 | €1,523,568 | €2,020,795 | +€497,227 | +32.6% |
| Provisions and deferred taxes | 16 | €200,504 | €202,530 | +€2,026 | +1.0% |
| Provisions for liabilities and charges | 160/5 | €200,504 | €202,530 | +€2,026 | +1.0% |
| Other liabilities and charges | 164/5 | €200,504 | €202,530 | +€2,026 | +1.0% |
| Amounts payable | 17/49 | €5,998,426 | €6,446,676 | +€448,249 | +7.5% |
| Amounts payable after more than one year | 17 | €5,541,402 | €5,898,077 | +€356,675 | +6.4% |
| Financial debts | 170/4 | €5,541,402 | €5,893,127 | +€351,725 | +6.3% |
| Other amounts payable | 178/9 | - | €4,950 | +€4,950 | |
| Amounts payable within one year | 42/48 | €422,024 | €537,108 | +€115,084 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €400,619 | €500,643 | +€100,023 | +25.0% |
| Trade debts | 44 | €12,640 | €3,585 | -€9,055 | -71.6% |
| Suppliers | 440/4 | €12,640 | €3,585 | -€9,055 | -71.6% |
| Taxes, remuneration and social security | 45 | €4,503 | €6,957 | +€2,454 | +54.5% |
| Taxes | 450/3 | €4,503 | €6,957 | +€2,454 | +54.5% |
| Other amounts payable | 47/48 | €4,262 | €25,924 | +€21,662 | +508% |
| Accrued charges and deferred income | 492/3 | €35,000 | €11,490 | -€23,510 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,688 | €395,925 | +€88,237 | +28.7% |
| Other operating charges | 640/8 | €10,739 | €21,316 | +€10,577 | +98.5% |
| Gross operating margin | 9900 | €594,402 | €1,198,832 | +€604,431 | +102% |
| Operating profit (loss) | 9901 | €275,975 | €781,592 | +€505,616 | +183% |
| Financial income | 75/76B | €1,407 | €20 | -€1,387 | -98.5% |
| Recurring financial income | 75 | €1,407 | €20 | -€1,387 | -98.5% |
| Financial charges | 65/66B | €103,390 | €156,296 | +€52,906 | +51.2% |
| Recurring financial charges | 65 | €103,390 | €156,296 | +€52,906 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €173,993 | €625,316 | +€451,323 | +259% |
| Income taxes | 67/77 | €11,879 | €128,089 | +€116,210 | +978% |
| Profit (loss) for the period | 9904 | €162,114 | €497,227 | +€335,113 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €162,114 | €497,227 | +€335,113 | +207% |
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 24 October 2026 via checked.be.