Verditrade: 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.
Verditrade
Largest movements
- Receivables within one year +€81,563
up €81,563 (+12.5%), from €653,758 to €735,321
of which Trade receivables: +€53,391
- Reserves +€43,000
up €43,000 (+23.5%), from €183,000 to €226,000
- Trade debts +€22,690
up €22,690 (+5.8%), from €394,219 to €416,909
- Current portion of long-term debt +€13,418
up €13,418 (+72.7%), from €18,451 to €31,869
- Debts after one year -€7,661
down €7,661 (-68.9%), from €11,119 to €3,458
- Staff costs -€125,760
down €125,760 (-71.5%), from €175,984 to €50,225
- Gross operating margin -€76,019
down €76,019 (-34.5%), from €220,095 to €144,076
- Write-downs +€35,536
no longer reported in 2025 (was -€35,536)
- Depreciation -€12,878
down €12,878 (-58.5%), from €22,030 to €9,152
- Financial charges +€10,181
up €10,181 (+569.0%), from €1,789 to €11,970
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 | €671,771 | €745,675 | +€73,905 | +11.0% |
| Fixed assets | 21/28 | €12,725 | €10,297 | -€2,429 | -19.1% |
| Tangible fixed assets | 22/27 | €12,725 | €10,297 | -€2,429 | -19.1% |
| Furniture and vehicles | 24 | €3,378 | €6,487 | +€3,109 | +92.0% |
| Other tangible fixed assets | 26 | €9,347 | €3,809 | -€5,538 | -59.2% |
| Current assets | 29/58 | €659,046 | €735,379 | +€76,333 | +11.6% |
| Amounts receivable within one year | 40/41 | €653,758 | €735,321 | +€81,563 | +12.5% |
| Trade receivables | 40 | €329,758 | €383,149 | +€53,391 | +16.2% |
| Other amounts receivable | 41 | €324,000 | €352,172 | +€28,172 | +8.7% |
| Cash at bank and in hand | 54/58 | €2,063 | €58 | -€2,005 | -97.2% |
| Deferred charges and accrued income | 490/1 | €3,225 | - | -€3,225 | |
| Total equity and liabilities | 10/49 | €671,771 | €745,675 | +€73,905 | +11.0% |
| Equity | 10/15 | €201,732 | €245,480 | +€43,747 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,000 | €226,000 | +€43,000 | +23.5% |
| Distributable reserves | 133 | €183,000 | €226,000 | +€43,000 | +23.5% |
| Profit (loss) carried forward | 14 | €132 | €880 | +€747 | +564.4% |
| Amounts payable | 17/49 | €470,039 | €500,196 | +€30,157 | +6.4% |
| Amounts payable after more than one year | 17 | €11,119 | €3,458 | -€7,661 | -68.9% |
| Financial debts | 170/4 | €11,119 | €3,458 | -€7,661 | -68.9% |
| Amounts payable within one year | 42/48 | €458,919 | €496,737 | +€37,818 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €18,451 | €31,869 | +€13,418 | +72.7% |
| Trade debts | 44 | €394,219 | €416,909 | +€22,690 | +5.8% |
| Suppliers | 440/4 | €394,219 | €416,909 | +€22,690 | +5.8% |
| Taxes, remuneration and social security | 45 | €46,010 | €47,959 | +€1,949 | +4.2% |
| Taxes | 450/3 | €31,916 | €46,415 | +€14,499 | +45.4% |
| Remuneration and social security | 454/9 | €14,094 | €1,544 | -€12,550 | -89.0% |
| Other amounts payable | 47/48 | €239 | - | -€239 | |
| Non-recurring operating income | 76A | €600 | €14,230 | +€13,630 | +2271.7% |
| Remuneration, social security and pensions | 62 | €175,984 | €50,225 | -€125,760 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,030 | €9,152 | -€12,878 | -58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€35,536 | - | +€35,536 | |
| Other operating charges | 640/8 | €13,772 | €8,785 | -€4,987 | -36.2% |
| Non-recurring operating charges | 66A | €10,037 | - | -€10,037 | |
| Gross operating margin | 9900 | €220,095 | €144,076 | -€76,019 | -34.5% |
| Operating profit (loss) | 9901 | €33,807 | €75,914 | +€42,107 | +124.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | +25450.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +25450.0% |
| Financial charges | 65/66B | €1,789 | €11,970 | +€10,181 | +569.0% |
| Recurring financial charges | 65 | €1,789 | €11,970 | +€10,181 | +569.0% |
| Profit (loss) for the period before taxes | 9903 | €32,018 | €63,949 | +€31,931 | +99.7% |
| Income taxes | 67/77 | €10,263 | €20,202 | +€9,939 | +96.8% |
| Profit (loss) for the period | 9904 | €21,755 | €43,747 | +€21,992 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,755 | €43,747 | +€21,992 | +101.1% |
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 6 October 2026 via checked.be.