VERDONCK IT: 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 IT
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€10,148
down €10,148 (-15.1%), from €67,087 to €56,939
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€23,556)
- Tangible fixed assets +€8,716
up €8,716 (+14.9%), from €58,378 to €67,094
of which Furniture and vehicles: +€10,243
- Reserves +€73,914
up €73,914 (+140.4%), from €52,629 to €126,543
- Tax, wage and social debts +€23,026
up €23,026 (+116.3%), from €19,791 to €42,817
- Other debts +€2,356
up €2,356 (+4.3%), from €55,053 to €57,409
- Gross operating margin +€39,557
up €39,557 (+53.5%), from €73,982 to €113,539
- Depreciation +€7,554
up €7,554 (+103.7%), from €7,286 to €14,839
- Taxes +€7,194
up €7,194 (+52.1%), from €13,815 to €21,009
- Financial charges +€3,717
up €3,717 (+3984.0%), from €93 to €3,810
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 | €128,136 | €227,831 | +€99,696 | +77.8% |
| Fixed assets | 21/28 | €58,378 | €67,094 | +€8,716 | +14.9% |
| Tangible fixed assets | 22/27 | €58,378 | €67,094 | +€8,716 | +14.9% |
| Plant, machinery and equipment | 23 | €4,798 | €3,272 | -€1,527 | -31.8% |
| Furniture and vehicles | 24 | €53,580 | €63,823 | +€10,243 | +19.1% |
| Current assets | 29/58 | €69,758 | €160,737 | +€90,979 | +130.4% |
| Amounts receivable within one year | 40/41 | €2,671 | €3,798 | +€1,127 | +42.2% |
| Trade receivables | 40 | €2,539 | €3,796 | +€1,258 | +49.5% |
| Other amounts receivable | 41 | €132 | €2 | -€130 | -98.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €67,087 | €56,939 | -€10,148 | -15.1% |
| Total equity and liabilities | 10/49 | €128,136 | €227,831 | +€99,696 | +77.8% |
| Equity | 10/15 | €52,630 | €126,544 | +€73,914 | +140.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €52,629 | €126,543 | +€73,914 | +140.4% |
| Distributable reserves | 133 | €52,629 | €126,543 | +€73,914 | +140.4% |
| Amounts payable | 17/49 | €75,505 | €101,287 | +€25,782 | +34.1% |
| Amounts payable within one year | 42/48 | €75,505 | €101,287 | +€25,782 | +34.1% |
| Trade debts | 44 | €662 | €1,061 | +€399 | +60.4% |
| Suppliers | 440/4 | €662 | €1,061 | +€399 | +60.4% |
| Taxes, remuneration and social security | 45 | €19,791 | €42,817 | +€23,026 | +116.3% |
| Taxes | 450/3 | €19,791 | €42,817 | +€23,026 | +116.3% |
| Other amounts payable | 47/48 | €55,053 | €57,409 | +€2,356 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,286 | €14,839 | +€7,554 | +103.7% |
| Other operating charges | 640/8 | €271 | €128 | -€143 | -52.8% |
| Gross operating margin | 9900 | €73,982 | €113,539 | +€39,557 | +53.5% |
| Operating profit (loss) | 9901 | €66,425 | €98,571 | +€32,146 | +48.4% |
| Financial income | 75/76B | €112 | €162 | +€49 | +43.9% |
| Recurring financial income | 75 | €112 | €162 | +€49 | +43.9% |
| Financial charges | 65/66B | €93 | €3,810 | +€3,717 | +3984.0% |
| Recurring financial charges | 65 | €93 | €3,810 | +€3,717 | +3984.0% |
| Profit (loss) for the period before taxes | 9903 | €66,444 | €94,922 | +€28,478 | +42.9% |
| Income taxes | 67/77 | €13,815 | €21,009 | +€7,194 | +52.1% |
| Profit (loss) for the period | 9904 | €52,629 | €73,914 | +€21,284 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,629 | €73,914 | +€21,284 | +40.4% |
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 10 October 2026 via checked.be.