Verdonck-Minne: 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-Minne
Largest movements
- Tangible fixed assets -€4,038
down €4,038 (-36.2%), from €11,158 to €7,119
- Cash +€774
up €774 (+4.8%), from €16,264 to €17,039
mainly Depreciation (+€4,038)
- Profit (loss) carried forward -€2,896
down €2,896 (-4.5%), from -€63,757 to -€66,653
- Trade debts -€368
no longer reported in 2025 (was €368)
- Gross operating margin +€243
up €243 (+6.2%), from €3,915 to €4,157
- Financial charges -€105
down €105 (-30.5%), from €345 to €240
- Other operating charges +€48
up €48 (+1.8%), from €2,727 to €2,775
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 | €27,422 | €24,158 | -€3,264 | -11.9% |
| Fixed assets | 21/28 | €11,158 | €7,119 | -€4,038 | -36.2% |
| Tangible fixed assets | 22/27 | €11,158 | €7,119 | -€4,038 | -36.2% |
| Land and buildings | 22 | €11,158 | €7,119 | -€4,038 | -36.2% |
| Current assets | 29/58 | €16,264 | €17,039 | +€774 | +4.8% |
| Cash at bank and in hand | 54/58 | €16,264 | €17,039 | +€774 | +4.8% |
| Total equity and liabilities | 10/49 | €27,422 | €24,158 | -€3,264 | -11.9% |
| Equity | 10/15 | €14,342 | €11,446 | -€2,896 | -20.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,757 | -€66,653 | -€2,896 | -4.5% |
| Amounts payable | 17/49 | €13,080 | €12,712 | -€368 | -2.8% |
| Amounts payable within one year | 42/48 | €13,080 | €12,712 | -€368 | -2.8% |
| Trade debts | 44 | €368 | - | -€368 | |
| Suppliers | 440/4 | €368 | - | -€368 | |
| Other amounts payable | 47/48 | €12,712 | €12,712 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €4,038 | = | 0.0% |
| Other operating charges | 640/8 | €2,727 | €2,775 | +€48 | +1.8% |
| Gross operating margin | 9900 | €3,915 | €4,157 | +€243 | +6.2% |
| Operating profit (loss) | 9901 | -€2,851 | -€2,656 | +€195 | +6.8% |
| Financial charges | 65/66B | €345 | €240 | -€105 | -30.5% |
| Recurring financial charges | 65 | €345 | €240 | -€105 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,196 | -€2,896 | +€300 | +9.4% |
| Profit (loss) for the period | 9904 | -€3,196 | -€2,896 | +€300 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,196 | -€2,896 | +€300 | +9.4% |
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 20 October 2026 via checked.be.