VERDO HOLDING: 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.
VERDO HOLDING
Largest movements
- Receivables within one year -€14,713
down €14,713 (-16.0%), from €92,213 to €77,500
- Financial fixed assets -€9,300
no longer reported in 2025 (was €9,300)
- Profit (loss) carried forward -€48,066
down €48,066 (-36.5%), from -€131,528 to -€179,594
- Other debts +€19,709
up €19,709 (+3.8%), from €520,000 to €539,709
- Gross operating margin -€24,452
down €24,452 (-201.6%), from -€12,126 to -€36,578
- Financial charges +€9,274
up €9,274 (+13298.3%), from €70 to €9,344
of which Non-recurring financial charges: +€9,299
- Financial income -€643
down €643 (-43.9%), from €1,463 to €820
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 | €457,914 | €433,892 | -€24,023 | -5.2% |
| Fixed assets | 21/28 | €9,300 | - | -€9,300 | |
| Financial fixed assets | 28 | €9,300 | - | -€9,300 | |
| Current assets | 29/58 | €448,614 | €433,892 | -€14,723 | -3.3% |
| Stocks and contracts in progress | 3 | €356,391 | €356,391 | = | 0.0% |
| Stocks | 30/36 | €356,391 | €356,391 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,213 | €77,500 | -€14,713 | -16.0% |
| Other amounts receivable | 41 | €92,213 | €77,500 | -€14,713 | -16.0% |
| Cash at bank and in hand | 54/58 | €10 | €0 | -€10 | -96.9% |
| Total equity and liabilities | 10/49 | €457,914 | €433,892 | -€24,023 | -5.2% |
| Equity | 10/15 | -€62,228 | -€110,294 | -€48,066 | -77.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,528 | -€179,594 | -€48,066 | -36.5% |
| Amounts payable | 17/49 | €520,142 | €544,185 | +€24,043 | +4.6% |
| Amounts payable within one year | 42/48 | €520,142 | €544,185 | +€24,043 | +4.6% |
| Trade debts | 44 | €142 | €4,476 | +€4,334 | +3052.3% |
| Suppliers | 440/4 | €142 | €4,476 | +€4,334 | +3052.3% |
| Other amounts payable | 47/48 | €520,000 | €539,709 | +€19,709 | +3.8% |
| Other operating charges | 640/8 | €2,886 | €2,964 | +€78 | +2.7% |
| Gross operating margin | 9900 | -€12,126 | -€36,578 | -€24,452 | -201.6% |
| Operating profit (loss) | 9901 | -€15,012 | -€39,542 | -€24,530 | -163.4% |
| Financial income | 75/76B | €1,463 | €820 | -€643 | -43.9% |
| Recurring financial income | 75 | €1,463 | €820 | -€643 | -43.9% |
| Financial charges | 65/66B | €70 | €9,344 | +€9,274 | +13298.3% |
| Recurring financial charges | 65 | €70 | €45 | -€25 | -35.5% |
| Non-recurring financial charges | 66B | - | €9,299 | +€9,299 | |
| Profit (loss) for the period before taxes | 9903 | -€13,620 | -€48,066 | -€34,446 | -252.9% |
| Profit (loss) for the period | 9904 | -€13,620 | -€48,066 | -€34,446 | -252.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,620 | -€48,066 | -€34,446 | -252.9% |
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 3 October 2026 via checked.be.