VERDONCK & PARTNERS: 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 & PARTNERS
Largest movements
- Cash -€15,047
down €15,047 (-94.7%), from €15,883 to €837
mainly Debts after one year (-€65,596) and Trade debts (-€17,988)
- Tangible fixed assets -€11,952
down €11,952 (-4.0%), from €302,443 to €290,492
of which Land and buildings: -€11,007
- Receivables within one year +€7,294
up €7,294 (+2.6%), from €281,077 to €288,371
of which Other amounts receivable: +€15,852
- Debts after one year -€65,596
down €65,596 (-26.0%), from €252,564 to €186,968
- Tax, wage and social debts +€52,324
up €52,324 (+63.6%), from €82,262 to €134,586
of which Taxes: +€31,988
- Trade debts -€17,988
down €17,988 (-76.2%), from €23,594 to €5,606
- Reserves +€11,152
up €11,152 (+6.8%), from €164,907 to €176,059
of which Distributable reserves: +€11,152
- Gross operating margin -€221,394
down €221,394 (-65.2%), from €339,690 to €118,296
- Taxes -€32,762
down €32,762 (-70.1%), from €46,726 to €13,964
- Staff costs +€30,878
up €30,878 (+323%), from €9,574 to €40,452
- Other operating charges +€10,034
up €10,034 (+135%), from €7,433 to €17,467
- Depreciation +€4,952
up €4,952 (+30.2%), from €16,382 to €21,334
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,854 | €582,325 | -€17,529 | -2.9% |
| Fixed assets | 21/28 | €302,893 | €290,942 | -€11,952 | -3.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €302,443 | €290,492 | -€11,952 | -4.0% |
| Land and buildings | 22 | €301,499 | €290,492 | -€11,007 | -3.7% |
| Furniture and vehicles | 24 | €944 | €0 | -€944 | -100% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €296,961 | €291,383 | -€5,577 | -1.9% |
| Amounts receivable within one year | 40/41 | €281,077 | €288,371 | +€7,294 | +2.6% |
| Trade receivables | 40 | €100,892 | €92,334 | -€8,558 | -8.5% |
| Other amounts receivable | 41 | €180,185 | €196,038 | +€15,852 | +8.8% |
| Cash at bank and in hand | 54/58 | €15,883 | €837 | -€15,047 | -94.7% |
| Deferred charges and accrued income | 490/1 | - | €2,175 | +€2,175 | |
| Total equity and liabilities | 10/49 | €599,854 | €582,325 | -€17,529 | -2.9% |
| Equity | 10/15 | €177,307 | €188,459 | +€11,152 | +6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,907 | €176,059 | +€11,152 | +6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,047 | €174,199 | +€11,152 | +6.8% |
| Amounts payable | 17/49 | €422,547 | €393,866 | -€28,681 | -6.8% |
| Amounts payable after more than one year | 17 | €252,564 | €186,968 | -€65,596 | -26.0% |
| Financial debts | 170/4 | €252,564 | €186,968 | -€65,596 | -26.0% |
| Amounts payable within one year | 42/48 | €169,983 | €206,898 | +€36,915 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €64,127 | €65,596 | +€1,470 | +2.3% |
| Financial debts | 43 | - | €1,110 | +€1,110 | |
| Credit institutions | 430/8 | - | €1,110 | +€1,110 | |
| Trade debts | 44 | €23,594 | €5,606 | -€17,988 | -76.2% |
| Suppliers | 440/4 | €23,594 | €5,606 | -€17,988 | -76.2% |
| Taxes, remuneration and social security | 45 | €82,262 | €134,586 | +€52,324 | +63.6% |
| Taxes | 450/3 | €81,194 | €113,182 | +€31,988 | +39.4% |
| Remuneration and social security | 454/9 | €1,068 | €21,404 | +€20,336 | +1,905% |
| Remuneration, social security and pensions | 62 | €9,574 | €40,452 | +€30,878 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,382 | €21,334 | +€4,952 | +30.2% |
| Other operating charges | 640/8 | €7,433 | €17,467 | +€10,034 | +135% |
| Gross operating margin | 9900 | €339,690 | €118,296 | -€221,394 | -65.2% |
| Operating profit (loss) | 9901 | €306,301 | €39,043 | -€267,258 | -87.3% |
| Financial income | 75/76B | €2,048 | €25 | -€2,023 | -98.8% |
| Recurring financial income | 75 | €2,048 | €25 | -€2,023 | -98.8% |
| Financial charges | 65/66B | €16,735 | €13,953 | -€2,782 | -16.6% |
| Recurring financial charges | 65 | €16,735 | €13,953 | -€2,782 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €291,615 | €25,116 | -€266,499 | -91.4% |
| Income taxes | 67/77 | €46,726 | €13,964 | -€32,762 | -70.1% |
| Profit (loss) for the period | 9904 | €244,889 | €11,152 | -€233,737 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €244,889 | €11,152 | -€233,737 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.