VERDONCK PERSONEELSMANAGEMENT: 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 PERSONEELSMANAGEMENT
Largest movements
- Current investments +€273,311
up €273,311 (+9.1%), from €3.0m to €3.3m
- Tangible fixed assets -€115,366
down €115,366 (-21.1%), from €546,978 to €431,612
of which Land and buildings: -€120,921
- Cash -€68,698
down €68,698 (-52.9%), from €129,753 to €61,055
mainly Current investments (-€273,311) and Tax, wage and social debts (-€20,151)
- Receivables within one year -€58,425
down €58,425 (-35.1%), from €166,445 to €108,020
of which Trade receivables: -€115,074
- Reserves +€47,547
up €47,547 (+1.3%), from €3.6m to €3.6m
- Gross operating margin -€302,521
down €302,521 (-71.5%), from €423,186 to €120,665
- Taxes -€91,987
down €91,987 (-75.8%), from €121,364 to €29,377
- Financial income -€9,278
down €9,278 (-12.6%), from €73,464 to €64,186
- Depreciation -€4,862
down €4,862 (-6.3%), from €76,907 to €72,045
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 | €3,871,071 | €3,885,850 | +€14,779 | +0.4% |
| Fixed assets | 21/28 | €546,978 | €431,612 | -€115,366 | -21.1% |
| Tangible fixed assets | 22/27 | €546,978 | €431,612 | -€115,366 | -21.1% |
| Land and buildings | 22 | €471,009 | €350,088 | -€120,921 | -25.7% |
| Plant, machinery and equipment | 23 | €842 | €53 | -€789 | -93.7% |
| Furniture and vehicles | 24 | €75,127 | €81,471 | +€6,344 | +8.4% |
| Current assets | 29/58 | €3,324,093 | €3,454,239 | +€130,146 | +3.9% |
| Amounts receivable within one year | 40/41 | €166,445 | €108,020 | -€58,425 | -35.1% |
| Trade receivables | 40 | €135,797 | €20,723 | -€115,074 | -84.7% |
| Other amounts receivable | 41 | €30,648 | €87,297 | +€56,649 | +185% |
| Current investments | 50/53 | €2,988,118 | €3,261,429 | +€273,311 | +9.1% |
| Cash at bank and in hand | 54/58 | €129,753 | €61,055 | -€68,698 | -52.9% |
| Deferred charges and accrued income | 490/1 | €39,777 | €23,735 | -€16,042 | -40.3% |
| Total equity and liabilities | 10/49 | €3,871,071 | €3,885,850 | +€14,779 | +0.4% |
| Equity | 10/15 | €3,711,803 | €3,759,350 | +€47,547 | +1.3% |
| Contributions | 10/11 | €120,445 | €120,445 | -€0 | 0.0% |
| Reserves | 13 | €3,591,358 | €3,638,905 | +€47,547 | +1.3% |
| Distributable reserves | 133 | €3,591,358 | €3,638,905 | +€47,547 | +1.3% |
| Amounts payable | 17/49 | €159,268 | €126,500 | -€32,768 | -20.6% |
| Amounts payable within one year | 42/48 | €148,208 | €119,291 | -€28,917 | -19.5% |
| Financial debts | 43 | €87,831 | €87,830 | -€1 | 0.0% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Other loans | 439 | €87,830 | €87,830 | = | 0.0% |
| Trade debts | 44 | €18,250 | €4,034 | -€14,216 | -77.9% |
| Suppliers | 440/4 | €18,250 | €4,034 | -€14,216 | -77.9% |
| Taxes, remuneration and social security | 45 | €30,960 | €10,809 | -€20,151 | -65.1% |
| Taxes | 450/3 | €27,165 | €6,992 | -€20,173 | -74.3% |
| Remuneration and social security | 454/9 | €3,795 | €3,816 | +€21 | +0.6% |
| Other amounts payable | 47/48 | €11,167 | €16,619 | +€5,452 | +48.8% |
| Accrued charges and deferred income | 492/3 | €11,060 | €7,209 | -€3,851 | -34.8% |
| Non-recurring operating income | 76A | €84,278 | €0 | -€84,278 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,907 | €72,045 | -€4,862 | -6.3% |
| Other operating charges | 640/8 | €9,549 | €7,235 | -€2,314 | -24.2% |
| Non-recurring operating charges | 66A | - | €5,225 | +€5,225 | |
| Gross operating margin | 9900 | €423,186 | €120,665 | -€302,521 | -71.5% |
| Operating profit (loss) | 9901 | €336,730 | €36,160 | -€300,570 | -89.3% |
| Financial income | 75/76B | €73,464 | €64,186 | -€9,278 | -12.6% |
| Recurring financial income | 75 | €73,464 | €64,186 | -€9,278 | -12.6% |
| Financial charges | 65/66B | €26,157 | €23,421 | -€2,736 | -10.5% |
| Recurring financial charges | 65 | €26,157 | €23,421 | -€2,736 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €384,037 | €76,924 | -€307,113 | -80.0% |
| Income taxes | 67/77 | €121,364 | €29,377 | -€91,987 | -75.8% |
| Profit (loss) for the period | 9904 | €262,673 | €47,547 | -€215,126 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €262,673 | €47,547 | -€215,126 | -81.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.