VERDING: 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.
VERDING
Largest movements
- Cash +€27,753
up €27,753 (+2838.2%), from €978 to €28,730
mainly Net result for the year (+€33,466) and Other debts (+€16,000)
- Tangible fixed assets -€1,536
down €1,536 (-57.7%), from €2,663 to €1,127
- Short-term financial debts -€18,476
down €18,476 (-100.0%), from €18,476 to €0
- Reserves +€17,466
up €17,466 (+32.5%), from €53,687 to €71,152
- Other debts +€16,000
new in 2025: €16,000
- Tax, wage and social debts +€5,806
up €5,806 (+107.0%), from €5,424 to €11,230
- Trade debts +€3,595
up €3,595 (+743.4%), from €484 to €4,079
- Gross operating margin +€10,784
up €10,784 (+27.8%), from €38,758 to €49,542
- Taxes +€7,382
up €7,382 (+87.6%), from €8,424 to €15,806
- Financial income +€1,464
up €1,464 (+57.8%), from €2,534 to €3,998
- Depreciation -€985
down €985 (-39.1%), from €2,521 to €1,536
- Financial charges -€704
down €704 (-33.0%), from €2,131 to €1,427
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 | €107,370 | €131,761 | +€24,391 | +22.7% |
| Fixed assets | 21/28 | €4,283 | €2,747 | -€1,536 | -35.9% |
| Tangible fixed assets | 22/27 | €2,663 | €1,127 | -€1,536 | -57.7% |
| Land and buildings | 22 | €1,377 | €918 | -€459 | -33.3% |
| Plant, machinery and equipment | 23 | €793 | €209 | -€584 | -73.7% |
| Furniture and vehicles | 24 | €492 | €0 | -€492 | -100.0% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €103,088 | €129,014 | +€25,927 | +25.1% |
| Stocks and contracts in progress | 3 | €13,585 | €12,622 | -€964 | -7.1% |
| Stocks | 30/36 | €13,585 | €12,622 | -€964 | -7.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €85,401 | €84,738 | -€662 | -0.8% |
| Trade receivables | 40 | €24,975 | €5,455 | -€19,520 | -78.2% |
| Other amounts receivable | 41 | €60,425 | €79,283 | +€18,858 | +31.2% |
| Cash at bank and in hand | 54/58 | €978 | €28,730 | +€27,753 | +2838.2% |
| Deferred charges and accrued income | 490/1 | €3,124 | €2,924 | -€200 | -6.4% |
| Total equity and liabilities | 10/49 | €107,370 | €131,761 | +€24,391 | +22.7% |
| Equity | 10/15 | €82,987 | €100,452 | +€17,466 | +21.0% |
| Contributions | 10/11 | €29,300 | €29,300 | = | 0.0% |
| Reserves | 13 | €53,687 | €71,152 | +€17,466 | +32.5% |
| Distributable reserves | 133 | €53,687 | €71,152 | +€17,466 | +32.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,384 | €31,309 | +€6,925 | +28.4% |
| Amounts payable within one year | 42/48 | €24,384 | €31,309 | +€6,925 | +28.4% |
| Financial debts | 43 | €18,476 | €0 | -€18,476 | -100.0% |
| Credit institutions | 430/8 | €18,476 | €0 | -€18,476 | -100.0% |
| Trade debts | 44 | €484 | €4,079 | +€3,595 | +743.4% |
| Suppliers | 440/4 | €484 | €4,079 | +€3,595 | +743.4% |
| Taxes, remuneration and social security | 45 | €5,424 | €11,230 | +€5,806 | +107.0% |
| Taxes | 450/3 | €5,424 | €11,230 | +€5,806 | +107.0% |
| Other amounts payable | 47/48 | - | €16,000 | +€16,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €345 | €358 | +€13 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,521 | €1,536 | -€985 | -39.1% |
| Other operating charges | 640/8 | €1,615 | €947 | -€668 | -41.4% |
| Gross operating margin | 9900 | €38,758 | €49,542 | +€10,784 | +27.8% |
| Operating profit (loss) | 9901 | €34,277 | €46,701 | +€12,425 | +36.2% |
| Financial income | 75/76B | €2,534 | €3,998 | +€1,464 | +57.8% |
| Recurring financial income | 75 | €2,534 | €3,998 | +€1,464 | +57.8% |
| Financial charges | 65/66B | €2,131 | €1,427 | -€704 | -33.0% |
| Recurring financial charges | 65 | €2,131 | €1,427 | -€704 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €34,679 | €49,272 | +€14,593 | +42.1% |
| Income taxes | 67/77 | €8,424 | €15,806 | +€7,382 | +87.6% |
| Profit (loss) for the period | 9904 | €26,255 | €33,466 | +€7,211 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,255 | €33,466 | +€7,211 | +27.5% |
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 4 October 2026 via checked.be.