VERDOTRANS: what changed
Two fiscal 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.
VERDOTRANS
Largest movements
- Cash +€18,761
up €18,761 (+35.2%), from €53,241 to €72,002
mainly Net result for the year (+€36,298) and Depreciation (+€25,924)
- Tangible fixed assets -€15,348
down €15,348 (-4.7%), from €328,716 to €313,368
of which Furniture and vehicles: -€14,713
- Debts after one year -€33,151
down €33,151 (-22.2%), from €149,421 to €116,270
- Reserves +€25,165
up €25,165 (+28.8%), from €87,499 to €112,663
- Other debts +€8,343
up €8,343 (+13.7%), from €61,075 to €69,418
- Tax, wage and social debts +€4,592
up €4,592 (+146.3%), from €3,138 to €7,730
- Gross operating margin +€19,064
up €19,064 (+26.6%), from €71,667 to €90,731
- Taxes +€5,778
up €5,778 (+74.0%), from €7,812 to €13,590
- Depreciation +€1,544
up €1,544 (+6.3%), from €24,380 to €25,924
- Other operating charges -€1,201
down €1,201 (-15.4%), from €7,809 to €6,608
- Financial charges -€1,030
down €1,030 (-10.8%), from €9,555 to €8,525
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 | €401,821 | €405,332 | +€3,512 | +0.9% |
| Fixed assets | 21/28 | €330,101 | €314,753 | -€15,348 | -4.6% |
| Tangible fixed assets | 22/27 | €328,716 | €313,368 | -€15,348 | -4.7% |
| Land and buildings | 22 | €250,611 | €247,071 | -€3,540 | -1.4% |
| Plant, machinery and equipment | 23 | €18,445 | €15,680 | -€2,765 | -15.0% |
| Furniture and vehicles | 24 | €41,605 | €26,892 | -€14,713 | -35.4% |
| Leasing and similar rights | 25 | €18,055 | €16,131 | -€1,924 | -10.7% |
| Assets under construction and advance payments | 27 | - | €7,594 | +€7,594 | |
| Financial fixed assets | 28 | €1,385 | €1,385 | = | 0.0% |
| Current assets | 29/58 | €71,720 | €90,579 | +€18,859 | +26.3% |
| Amounts receivable within one year | 40/41 | €17,535 | €17,250 | -€285 | -1.6% |
| Trade receivables | 40 | €17,535 | €17,250 | -€285 | -1.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,241 | €72,002 | +€18,761 | +35.2% |
| Deferred charges and accrued income | 490/1 | €944 | €1,328 | +€384 | +40.6% |
| Total equity and liabilities | 10/49 | €401,821 | €405,332 | +€3,512 | +0.9% |
| Equity | 10/15 | €149,499 | €174,663 | +€25,165 | +16.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €87,499 | €112,663 | +€25,165 | +28.8% |
| Distributable reserves | 133 | €87,499 | €112,663 | +€25,165 | +28.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,322 | €230,669 | -€21,653 | -8.6% |
| Amounts payable after more than one year | 17 | €149,421 | €116,270 | -€33,151 | -22.2% |
| Financial debts | 170/4 | €149,421 | €116,270 | -€33,151 | -22.2% |
| Amounts payable within one year | 42/48 | €102,383 | €113,939 | +€11,556 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €33,039 | €34,339 | +€1,300 | +3.9% |
| Trade debts | 44 | €5,132 | €2,453 | -€2,679 | -52.2% |
| Suppliers | 440/4 | €5,132 | €2,453 | -€2,679 | -52.2% |
| Taxes, remuneration and social security | 45 | €3,138 | €7,730 | +€4,592 | +146.3% |
| Taxes | 450/3 | €3,138 | €7,730 | +€4,592 | +146.3% |
| Other amounts payable | 47/48 | €61,075 | €69,418 | +€8,343 | +13.7% |
| Accrued charges and deferred income | 492/3 | €517 | €460 | -€58 | -11.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,380 | €25,924 | +€1,544 | +6.3% |
| Other operating charges | 640/8 | €7,809 | €6,608 | -€1,201 | -15.4% |
| Gross operating margin | 9900 | €71,667 | €90,731 | +€19,064 | +26.6% |
| Operating profit (loss) | 9901 | €39,478 | €58,199 | +€18,721 | +47.4% |
| Financial income | 75/76B | €29 | €213 | +€184 | +635.8% |
| Recurring financial income | 75 | €29 | €213 | +€184 | +635.8% |
| Financial charges | 65/66B | €9,555 | €8,525 | -€1,030 | -10.8% |
| Recurring financial charges | 65 | €9,555 | €8,525 | -€1,030 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €29,952 | €49,887 | +€19,935 | +66.6% |
| Income taxes | 67/77 | €7,812 | €13,590 | +€5,778 | +74.0% |
| Profit (loss) for the period | 9904 | €22,140 | €36,298 | +€14,157 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,140 | €36,298 | +€14,157 | +63.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.