VERDONCK: 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.
VERDONCK
Largest movements
- Cash -€5,842
down €5,842 (-18.8%), from €31,023 to €25,182
mainly Investment in fixed assets (net) (-€12,801) and Net result for the year (-€11,692)
- Profit (loss) carried forward -€11,692
down €11,692 (-21.7%), from €53,837 to €42,146
- Other debts +€7,575
up €7,575 (+150.3%), from €5,041 to €12,616
- Depreciation +€3,249
up €3,249 (+37.4%), from €8,688 to €11,937
- Financial income +€1,722
up €1,722 (+17219300.0%), from €0 to €1,722
- Gross operating margin -€831
down €831 (-11.9%), from €6,987 to €6,156
- Financial charges -€743
down €743 (-11.4%), from €6,503 to €5,760
- Other operating charges +€294
up €294 (+18.6%), from €1,579 to €1,873
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 | €299,003 | €294,661 | -€4,343 | -1.5% |
| Fixed assets | 21/28 | €267,942 | €268,807 | +€864 | +0.3% |
| Tangible fixed assets | 22/27 | €267,942 | €268,807 | +€864 | +0.3% |
| Land and buildings | 22 | €259,308 | €260,789 | +€1,481 | +0.6% |
| Plant, machinery and equipment | 23 | €8,300 | €8,000 | -€300 | -3.6% |
| Furniture and vehicles | 24 | €334 | €17 | -€317 | -94.8% |
| Current assets | 29/58 | €31,061 | €25,854 | -€5,207 | -16.8% |
| Amounts receivable within one year | 40/41 | - | €517 | +€517 | |
| Other amounts receivable | 41 | - | €517 | +€517 | |
| Cash at bank and in hand | 54/58 | €31,023 | €25,182 | -€5,842 | -18.8% |
| Deferred charges and accrued income | 490/1 | €38 | €156 | +€118 | +310.2% |
| Total equity and liabilities | 10/49 | €299,003 | €294,661 | -€4,343 | -1.5% |
| Equity | 10/15 | €212,037 | €200,346 | -€11,692 | -5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €138,200 | €138,200 | = | 0.0% |
| Distributable reserves | 133 | €138,200 | €138,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,837 | €42,146 | -€11,692 | -21.7% |
| Amounts payable | 17/49 | €86,966 | €94,315 | +€7,349 | +8.5% |
| Amounts payable within one year | 42/48 | €86,966 | €94,315 | +€7,349 | +8.5% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Other loans | 439 | €80,000 | €80,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,925 | €1,699 | -€226 | -11.7% |
| Taxes | 450/3 | €1,925 | €1,699 | -€226 | -11.7% |
| Other amounts payable | 47/48 | €5,041 | €12,616 | +€7,575 | +150.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,688 | €11,937 | +€3,249 | +37.4% |
| Other operating charges | 640/8 | €1,579 | €1,873 | +€294 | +18.6% |
| Gross operating margin | 9900 | €6,987 | €6,156 | -€831 | -11.9% |
| Operating profit (loss) | 9901 | -€3,280 | -€7,654 | -€4,374 | -133.3% |
| Financial income | 75/76B | €0 | €1,722 | +€1,722 | +17219300.0% |
| Recurring financial income | 75 | €0 | €1,722 | +€1,722 | +17219300.0% |
| Financial charges | 65/66B | €6,503 | €5,760 | -€743 | -11.4% |
| Recurring financial charges | 65 | €6,503 | €5,760 | -€743 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,783 | -€11,692 | -€1,909 | -19.5% |
| Profit (loss) for the period | 9904 | -€9,783 | -€11,692 | -€1,909 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,783 | -€11,692 | -€1,909 | -19.5% |
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 5 October 2026 via checked.be.