VERDUBO: 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.
VERDUBO
Largest movements
- Receivables within one year -€12,449
down €12,449 (-42.3%), from €29,414 to €16,965
of which Trade receivables: -€11,404
- Stocks and contracts +€12,000
up €12,000 (+2,163%), from €555 to €12,555
- Tangible fixed assets -€4,800
down €4,800 (-21.5%), from €22,304 to €17,504
- Cash -€4,361
down €4,361 (-41.7%), from €10,461 to €6,101
mainly Stocks and contracts (-€12,000) and Trade debts (-€9,415)
- Receivables after one year -€2,160
down €2,160 (-32.3%), from €6,680 to €4,520
- Trade debts -€9,415
down €9,415 (-53.3%), from €17,652 to €8,237
- Profit (loss) carried forward -€2,355
down €2,355 (-24.3%), from €9,674 to €7,319
- Gross operating margin -€10,038
down €10,038 (-78.5%), from €12,780 to €2,742
- Depreciation +€3,104
up €3,104 (+183%), from €1,696 to €4,800
- Taxes -€2,621
no longer reported in 2025 (was €2,621)
- Financial charges -€275
down €275 (-77.4%), from €355 to €80
- Other operating charges +€233
up €233 (+26.0%), from €895 to €1,128
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 | €70,487 | €58,718 | -€11,770 | -16.7% |
| Fixed assets | 21/28 | €22,394 | €17,594 | -€4,800 | -21.4% |
| Tangible fixed assets | 22/27 | €22,304 | €17,504 | -€4,800 | -21.5% |
| Furniture and vehicles | 24 | €22,304 | €17,504 | -€4,800 | -21.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €48,094 | €41,124 | -€6,970 | -14.5% |
| Amounts receivable after more than one year | 29 | €6,680 | €4,520 | -€2,160 | -32.3% |
| Other amounts receivable | 291 | €6,680 | €4,520 | -€2,160 | -32.3% |
| Stocks and contracts in progress | 3 | €555 | €12,555 | +€12,000 | +2,163% |
| Stocks | 30/36 | €555 | €12,555 | +€12,000 | +2,163% |
| Amounts receivable within one year | 40/41 | €29,414 | €16,965 | -€12,449 | -42.3% |
| Trade receivables | 40 | €26,739 | €15,335 | -€11,404 | -42.7% |
| Other amounts receivable | 41 | €2,675 | €1,630 | -€1,045 | -39.1% |
| Cash at bank and in hand | 54/58 | €10,461 | €6,101 | -€4,361 | -41.7% |
| Deferred charges and accrued income | 490/1 | €984 | €984 | = | 0.0% |
| Total equity and liabilities | 10/49 | €70,487 | €58,718 | -€11,770 | -16.7% |
| Equity | 10/15 | €50,215 | €47,860 | -€2,355 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,941 | €21,941 | = | 0.0% |
| Distributable reserves | 133 | €21,941 | €21,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,674 | €7,319 | -€2,355 | -24.3% |
| Amounts payable | 17/49 | €20,273 | €10,858 | -€9,415 | -46.4% |
| Amounts payable within one year | 42/48 | €20,273 | €10,858 | -€9,415 | -46.4% |
| Trade debts | 44 | €17,652 | €8,237 | -€9,415 | -53.3% |
| Suppliers | 440/4 | €17,652 | €8,237 | -€9,415 | -53.3% |
| Taxes, remuneration and social security | 45 | €2,621 | €2,621 | = | 0.0% |
| Taxes | 450/3 | €2,621 | €2,621 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,696 | €4,800 | +€3,104 | +183% |
| Other operating charges | 640/8 | €895 | €1,128 | +€233 | +26.0% |
| Gross operating margin | 9900 | €12,780 | €2,742 | -€10,038 | -78.5% |
| Operating profit (loss) | 9901 | €10,189 | -€3,185 | -€13,374 | |
| Financial income | 75/76B | €791 | €911 | +€120 | +15.2% |
| Recurring financial income | 75 | €791 | €911 | +€120 | +15.2% |
| Financial charges | 65/66B | €355 | €80 | -€275 | -77.4% |
| Recurring financial charges | 65 | €355 | €80 | -€275 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €10,624 | -€2,355 | -€12,979 | |
| Income taxes | 67/77 | €2,621 | - | -€2,621 | |
| Profit (loss) for the period | 9904 | €8,003 | -€2,355 | -€10,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,003 | -€2,355 | -€10,358 |
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 19 October 2026 via checked.be.