VERDOOLAEGE: 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.
VERDOOLAEGE
Largest movements
- Receivables within one year +€86,132
up €86,132 (+42.6%), from €202,064 to €288,197
of which Trade receivables: +€84,838
- Cash +€46,381
up €46,381 (+13.4%), from €345,749 to €392,130
mainly Net result for the year (+€157,356) and Other debts (+€113,957)
- Tangible fixed assets -€14,443
down €14,443 (-24.6%), from €58,597 to €44,153
- Stocks and contracts +€12,295
up €12,295 (+20.9%), from €58,712 to €71,007
- Other debts +€113,957
up €113,957 (+232.0%), from €49,119 to €163,076
- Reserves +€24,140
up €24,140 (+9.9%), from €244,703 to €268,843
of which Distributable reserves: +€24,140
- Debts after one year -€12,623
down €12,623 (-43.2%), from €29,204 to €16,581
- Trade debts +€9,028
up €9,028 (+5.3%), from €170,115 to €179,144
- Gross operating margin +€42,820
up €42,820 (+14.8%), from €289,714 to €332,533
- Taxes +€7,135
up €7,135 (+15.3%), from €46,708 to €53,843
- Financial income +€4,151
up €4,151 (+154.9%), from €2,679 to €6,830
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 | €697,689 | €825,361 | +€127,672 | +18.3% |
| Fixed assets | 21/28 | €67,377 | €51,096 | -€16,280 | -24.2% |
| Intangible fixed assets | 21 | €8,357 | €6,520 | -€1,837 | -22.0% |
| Tangible fixed assets | 22/27 | €58,597 | €44,153 | -€14,443 | -24.6% |
| Furniture and vehicles | 24 | €58,597 | €44,153 | -€14,443 | -24.6% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €630,313 | €774,265 | +€143,952 | +22.8% |
| Stocks and contracts in progress | 3 | €58,712 | €71,007 | +€12,295 | +20.9% |
| Stocks | 30/36 | €58,712 | €71,007 | +€12,295 | +20.9% |
| Amounts receivable within one year | 40/41 | €202,064 | €288,197 | +€86,132 | +42.6% |
| Trade receivables | 40 | €202,064 | €286,902 | +€84,838 | +42.0% |
| Other amounts receivable | 41 | - | €1,294 | +€1,294 | |
| Current investments | 50/53 | €4,277 | €4,278 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €345,749 | €392,130 | +€46,381 | +13.4% |
| Deferred charges and accrued income | 490/1 | €19,510 | €18,653 | -€857 | -4.4% |
| Total equity and liabilities | 10/49 | €697,689 | €825,361 | +€127,672 | +18.3% |
| Equity | 10/15 | €407,476 | €431,617 | +€24,141 | +5.9% |
| Contributions | 10/11 | €150,600 | €150,600 | = | 0.0% |
| Capital | 10 | €150,600 | €150,600 | = | 0.0% |
| Issued capital | 100 | €150,600 | €150,600 | = | 0.0% |
| Reserves | 13 | €244,703 | €268,843 | +€24,140 | +9.9% |
| Non-distributable reserves | 130/1 | €15,462 | €15,462 | = | 0.0% |
| Legal reserve | 130 | €15,462 | €15,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,957 | €15,957 | = | 0.0% |
| Distributable reserves | 133 | €213,284 | €237,424 | +€24,140 | +11.3% |
| Profit (loss) carried forward | 14 | €12,173 | €12,174 | +€1 | 0.0% |
| Amounts payable | 17/49 | €290,214 | €393,745 | +€103,531 | +35.7% |
| Amounts payable after more than one year | 17 | €29,204 | €16,581 | -€12,623 | -43.2% |
| Financial debts | 170/4 | €29,204 | €16,581 | -€12,623 | -43.2% |
| Amounts payable within one year | 42/48 | €261,010 | €376,925 | +€115,914 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €12,079 | €12,623 | +€544 | +4.5% |
| Trade debts | 44 | €170,115 | €179,144 | +€9,028 | +5.3% |
| Suppliers | 440/4 | €170,115 | €179,144 | +€9,028 | +5.3% |
| Taxes, remuneration and social security | 45 | €29,697 | €22,082 | -€7,615 | -25.6% |
| Taxes | 450/3 | €29,181 | €21,513 | -€7,669 | -26.3% |
| Remuneration and social security | 454/9 | €515 | €569 | +€54 | +10.5% |
| Other amounts payable | 47/48 | €49,119 | €163,076 | +€113,957 | +232.0% |
| Accrued charges and deferred income | 492/3 | - | €239 | +€239 | |
| Non-recurring operating income | 76A | €4,525 | - | -€4,525 | |
| Remuneration, social security and pensions | 62 | €105,110 | €104,518 | -€592 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,311 | €16,280 | +€1,969 | +13.8% |
| Other operating charges | 640/8 | €504 | €840 | +€336 | +66.6% |
| Gross operating margin | 9900 | €289,714 | €332,533 | +€42,820 | +14.8% |
| Operating profit (loss) | 9901 | €169,788 | €210,894 | +€41,107 | +24.2% |
| Financial income | 75/76B | €2,679 | €6,830 | +€4,151 | +154.9% |
| Recurring financial income | 75 | €2,679 | €6,830 | +€4,151 | +154.9% |
| Financial charges | 65/66B | €6,869 | €6,525 | -€344 | -5.0% |
| Recurring financial charges | 65 | €6,869 | €6,525 | -€344 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €165,598 | €211,199 | +€45,601 | +27.5% |
| Income taxes | 67/77 | €46,708 | €53,843 | +€7,135 | +15.3% |
| Profit (loss) for the period | 9904 | €118,890 | €157,356 | +€38,466 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,890 | €157,356 | +€38,466 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.