VERDIS: 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.
VERDIS
Largest movements
- Financial fixed assets -€1.7m
down €1.7m (-100.0%), from €1.7m to €0
- Receivables within one year +€916,040
up €916,040 (+72625.5%), from €1,261 to €917,301
- Tangible fixed assets -€68,749
down €68,749 (-3.2%), from €2.2m to €2.1m
- Profit (loss) carried forward -€560,394
down €560,394 (-52.7%), from €1.1m to €502,560
- Debts after one year -€211,320
down €211,320 (-38.7%), from €545,798 to €334,478
- Other debts -€158,327
down €158,327 (-40.1%), from €395,263 to €236,935
- Financial charges +€565,230
up €565,230 (+4084.7%), from €13,838 to €579,067
of which Non-recurring financial charges: +€566,477
- Gross operating margin +€341,677
new in 2025: €341,677
- Other operating income -€329,643
no longer reported in 2025 (was €329,643)
- Taxes -€5,200
down €5,200 (-100.0%), from €5,200 to €0
- Other operating charges -€4,866
down €4,866 (-20.2%), from €24,121 to €19,255
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,901,664 | €3,006,652 | -€895,013 | -22.9% |
| Fixed assets | 21/28 | €3,900,403 | €2,083,414 | -€1.8m | -46.6% |
| Tangible fixed assets | 22/27 | €2,152,163 | €2,083,414 | -€68,749 | -3.2% |
| Land and buildings | 22 | €2,152,163 | €2,083,414 | -€68,749 | -3.2% |
| Financial fixed assets | 28 | €1,748,240 | €0 | -€1.7m | -100.0% |
| Affiliated companies | 280/1 | €1,748,240 | - | -€1.7m | |
| Participating interests | 280 | €1,748,240 | - | -€1.7m | |
| Current assets | 29/58 | €1,261 | €923,238 | +€921,977 | +73096.2% |
| Amounts receivable within one year | 40/41 | €1,261 | €917,301 | +€916,040 | +72625.5% |
| Other amounts receivable | 41 | €1,261 | €917,301 | +€916,040 | +72625.5% |
| Deferred charges and accrued income | 490/1 | - | €5,937 | +€5,937 | |
| Total equity and liabilities | 10/49 | €3,901,664 | €3,006,652 | -€895,013 | -22.9% |
| Equity | 10/15 | €2,747,228 | €2,186,833 | -€560,394 | -20.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,604,274 | €1,604,274 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,577,524 | €1,577,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,062,954 | €502,560 | -€560,394 | -52.7% |
| Amounts payable | 17/49 | €1,154,436 | €819,818 | -€334,618 | -29.0% |
| Amounts payable after more than one year | 17 | €545,798 | €334,478 | -€211,320 | -38.7% |
| Financial debts | 170/4 | €545,798 | €334,478 | -€211,320 | -38.7% |
| Credit institutions | 173 | €545,798 | - | -€545,798 | |
| Amounts payable within one year | 42/48 | €608,638 | €448,556 | -€160,082 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €211,320 | €211,320 | = | 0.0% |
| Trade debts | 44 | - | €301 | +€301 | |
| Suppliers | 440/4 | - | €301 | +€301 | |
| Taxes, remuneration and social security | 45 | €2,056 | €0 | -€2,056 | -100.0% |
| Taxes | 450/3 | €2,056 | €0 | -€2,056 | -100.0% |
| Other amounts payable | 47/48 | €395,263 | €236,935 | -€158,327 | -40.1% |
| Accrued charges and deferred income | 492/3 | - | €36,784 | +€36,784 | |
| Operating income | 70/76A | €329,643 | - | -€329,643 | |
| Other operating income | 74 | €329,643 | - | -€329,643 | |
| Operating charges | 60/66A | €94,364 | - | -€94,364 | |
| Services and other goods | 61 | €1,494 | - | -€1,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,749 | €68,749 | = | 0.0% |
| Other operating charges | 640/8 | €24,121 | €19,255 | -€4,866 | -20.2% |
| Gross operating margin | 9900 | - | €341,677 | +€341,677 | |
| Operating profit (loss) | 9901 | €235,279 | €253,673 | +€18,394 | +7.8% |
| Financial income | 75/76B | €1,261 | €0 | -€1,261 | -100.0% |
| Recurring financial income | 75 | €1,261 | €0 | -€1,261 | -100.0% |
| Income from current assets | 751 | €1,261 | - | -€1,261 | |
| Financial charges | 65/66B | €13,838 | €579,067 | +€565,230 | +4084.7% |
| Recurring financial charges | 65 | €13,838 | €12,590 | -€1,247 | -9.0% |
| Debt charges | 650 | €13,011 | - | -€13,011 | |
| Other financial charges | 652/9 | €827 | - | -€827 | |
| Non-recurring financial charges | 66B | - | €566,477 | +€566,477 | |
| Profit (loss) for the period before taxes | 9903 | €222,702 | -€325,394 | -€548,097 | |
| Income taxes | 67/77 | €5,200 | €0 | -€5,200 | -100.0% |
| Taxes | 670/3 | €5,200 | - | -€5,200 | |
| Profit (loss) for the period | 9904 | €217,502 | -€325,394 | -€542,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,502 | -€325,394 | -€542,897 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.