Verdolux: 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.
Verdolux
Largest movements
- Tangible fixed assets -€10,100
down €10,100 (-12.4%), from €81,511 to €71,412
of which Leasing and similar rights: -€9,511
- Stocks and contracts -€8,321
down €8,321 (-2.4%), from €353,550 to €345,228
- Short-term financial debts -€51,127
down €51,127 (-33.8%), from €151,422 to €100,296
- Debts after one year +€32,277
up €32,277 (+20.5%), from €157,198 to €189,475
of which Financial debts: +€28,037
- Trade debts +€18,689
up €18,689 (+64.3%), from €29,061 to €47,749
- Current portion of long-term debt -€16,487
down €16,487 (-63.2%), from €26,097 to €9,610
- Gross operating margin -€18,549
down €18,549 (-32.6%), from €56,892 to €38,343
- Staff costs -€16,157
no longer reported in 2025 (was €16,157)
- Write-downs +€6,037
up €6,037 (+1776.9%), from €340 to €6,377
- Other operating charges -€3,699
down €3,699 (-50.6%), from €7,311 to €3,613
- Financial income -€2,224
down €2,224 (-59.2%), from €3,753 to €1,529
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 | €470,657 | €455,383 | -€15,274 | -3.2% |
| Fixed assets | 21/28 | €81,511 | €71,412 | -€10,100 | -12.4% |
| Tangible fixed assets | 22/27 | €81,511 | €71,412 | -€10,100 | -12.4% |
| Land and buildings | 22 | €72,000 | €70,000 | -€2,000 | -2.8% |
| Furniture and vehicles | 24 | - | €1,412 | +€1,412 | |
| Leasing and similar rights | 25 | €9,511 | - | -€9,511 | |
| Current assets | 29/58 | €389,146 | €383,972 | -€5,174 | -1.3% |
| Stocks and contracts in progress | 3 | €353,550 | €345,228 | -€8,321 | -2.4% |
| Stocks | 30/36 | €353,550 | €345,228 | -€8,321 | -2.4% |
| Amounts receivable within one year | 40/41 | €29,334 | €31,749 | +€2,414 | +8.2% |
| Trade receivables | 40 | €29,334 | €31,749 | +€2,414 | +8.2% |
| Cash at bank and in hand | 54/58 | €1,363 | €2,050 | +€687 | +50.4% |
| Deferred charges and accrued income | 490/1 | €4,899 | €4,945 | +€46 | +0.9% |
| Total equity and liabilities | 10/49 | €470,657 | €455,383 | -€15,274 | -3.2% |
| Equity | 10/15 | €94,690 | €94,864 | +€174 | +0.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €25,075 | €25,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,317 | €8,317 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Other | 1319 | €1,817 | €1,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,214 | €4,214 | = | 0.0% |
| Distributable reserves | 133 | €12,544 | €12,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,614 | €4,788 | +€174 | +3.8% |
| Amounts payable | 17/49 | €375,967 | €360,520 | -€15,448 | -4.1% |
| Amounts payable after more than one year | 17 | €157,198 | €189,475 | +€32,277 | +20.5% |
| Financial debts | 170/4 | - | €28,037 | +€28,037 | |
| Other amounts payable | 178/9 | €157,198 | €161,439 | +€4,241 | +2.7% |
| Amounts payable within one year | 42/48 | €218,769 | €171,045 | -€47,725 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €26,097 | €9,610 | -€16,487 | -63.2% |
| Financial debts | 43 | €151,422 | €100,296 | -€51,127 | -33.8% |
| Credit institutions | 430/8 | €151,422 | €100,296 | -€51,127 | -33.8% |
| Trade debts | 44 | €29,061 | €47,749 | +€18,689 | +64.3% |
| Suppliers | 440/4 | €29,061 | €47,749 | +€18,689 | +64.3% |
| Taxes, remuneration and social security | 45 | €12,189 | €13,389 | +€1,200 | +9.8% |
| Taxes | 450/3 | €10,657 | €10,789 | +€132 | +1.2% |
| Remuneration and social security | 454/9 | €1,532 | €2,600 | +€1,068 | +69.8% |
| Non-recurring operating income | 76A | €815 | - | -€815 | |
| Remuneration, social security and pensions | 62 | €16,157 | - | -€16,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,353 | €10,100 | -€254 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €340 | €6,377 | +€6,037 | +1776.9% |
| Other operating charges | 640/8 | €7,311 | €3,613 | -€3,699 | -50.6% |
| Gross operating margin | 9900 | €56,892 | €38,343 | -€18,549 | -32.6% |
| Operating profit (loss) | 9901 | €22,731 | €18,254 | -€4,477 | -19.7% |
| Financial income | 75/76B | €3,753 | €1,529 | -€2,224 | -59.2% |
| Recurring financial income | 75 | €3,753 | €1,529 | -€2,224 | -59.2% |
| Financial charges | 65/66B | €16,871 | €16,689 | -€182 | -1.1% |
| Recurring financial charges | 65 | €16,871 | €16,689 | -€182 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €9,613 | €3,095 | -€6,518 | -67.8% |
| Income taxes | 67/77 | €3,665 | €2,921 | -€744 | -20.3% |
| Profit (loss) for the period | 9904 | €5,948 | €174 | -€5,774 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,948 | €174 | -€5,774 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.