VERDONCK BEN: 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.
VERDONCK BEN
Largest movements
- Current investments +€300,196
up €300,196 (+100%), from €300,000 to €600,196
- Cash -€195,855
down €195,855 (-41.3%), from €473,732 to €277,878
mainly Current investments (-€300,196) and Investment in fixed assets (net) (-€48,900)
- Reserves +€94,000
up €94,000 (+18.8%), from €498,800 to €592,800
- Other debts +€23,117
up €23,117 (+5.8%), from €399,289 to €422,406
- Gross operating margin +€19,273
up €19,273 (+11.1%), from €173,170 to €192,443
- Depreciation +€10,113
up €10,113 (+35.6%), from €28,385 to €38,498
- Taxes +€8,195
up €8,195 (+20.4%), from €40,097 to €48,292
- Financial charges -€7,487
down €7,487 (-25.1%), from €29,840 to €22,352
- Financial income +€4,329
up €4,329 (+45.0%), from €9,614 to €13,943
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.
Derived cash bridge
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 | €1,355,108 | €1,468,847 | +€113,739 | +8.4% |
| Fixed assets | 21/28 | €430,431 | €440,833 | +€10,402 | +2.4% |
| Tangible fixed assets | 22/27 | €430,431 | €440,833 | +€10,402 | +2.4% |
| Land and buildings | 22 | €404,588 | €386,495 | -€18,094 | -4.5% |
| Plant, machinery and equipment | 23 | €4,852 | €40,071 | +€35,219 | +726% |
| Furniture and vehicles | 24 | €20,990 | €14,267 | -€6,723 | -32.0% |
| Current assets | 29/58 | €924,677 | €1,028,015 | +€103,337 | +11.2% |
| Amounts receivable within one year | 40/41 | €150,305 | €149,224 | -€1,081 | -0.7% |
| Trade receivables | 40 | €150,281 | €149,224 | -€1,056 | -0.7% |
| Other amounts receivable | 41 | €25 | - | -€25 | |
| Current investments | 50/53 | €300,000 | €600,196 | +€300,196 | +100% |
| Cash at bank and in hand | 54/58 | €473,732 | €277,878 | -€195,855 | -41.3% |
| Deferred charges and accrued income | 490/1 | €640 | €716 | +€77 | +12.0% |
| Total equity and liabilities | 10/49 | €1,355,108 | €1,468,847 | +€113,739 | +8.4% |
| Equity | 10/15 | €931,274 | €1,025,786 | +€94,512 | +10.1% |
| Contributions | 10/11 | €269,280 | €269,280 | = | 0.0% |
| Reserves | 13 | €498,800 | €592,800 | +€94,000 | +18.8% |
| Distributable reserves | 133 | €498,800 | €592,800 | +€94,000 | +18.8% |
| Profit (loss) carried forward | 14 | €163,194 | €163,706 | +€512 | +0.3% |
| Amounts payable | 17/49 | €423,834 | €443,061 | +€19,227 | +4.5% |
| Amounts payable within one year | 42/48 | €423,834 | €443,061 | +€19,227 | +4.5% |
| Trade debts | 44 | €8,986 | €2,561 | -€6,425 | -71.5% |
| Suppliers | 440/4 | €8,986 | €2,561 | -€6,425 | -71.5% |
| Taxes, remuneration and social security | 45 | €15,559 | €18,094 | +€2,535 | +16.3% |
| Taxes | 450/3 | €15,559 | €18,094 | +€2,535 | +16.3% |
| Other amounts payable | 47/48 | €399,289 | €422,406 | +€23,117 | +5.8% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,385 | €38,498 | +€10,113 | +35.6% |
| Other operating charges | 640/8 | €2,649 | €2,731 | +€82 | +3.1% |
| Gross operating margin | 9900 | €173,170 | €192,443 | +€19,273 | +11.1% |
| Operating profit (loss) | 9901 | €142,136 | €151,214 | +€9,078 | +6.4% |
| Financial income | 75/76B | €9,614 | €13,943 | +€4,329 | +45.0% |
| Recurring financial income | 75 | €9,614 | €13,943 | +€4,329 | +45.0% |
| Financial charges | 65/66B | €29,840 | €22,352 | -€7,487 | -25.1% |
| Recurring financial charges | 65 | €29,840 | €22,352 | -€7,487 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €121,910 | €142,804 | +€20,894 | +17.1% |
| Income taxes | 67/77 | €40,097 | €48,292 | +€8,195 | +20.4% |
| Profit (loss) for the period | 9904 | €81,813 | €94,512 | +€12,699 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,813 | €94,512 | +€12,699 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.