Verdugo: 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.
Verdugo
Largest movements
- Cash +€108,172
up €108,172 (+223.5%), from €48,389 to €156,561
mainly Net result for the year (+€82,555) and Other debts (+€38,239)
- Tangible fixed assets +€91,810
up €91,810 (+125.7%), from €73,016 to €164,827
of which Plant, machinery and equipment: +€57,669
- Receivables within one year +€11,686
up €11,686 (+143.4%), from €8,152 to €19,838
of which Other amounts receivable: +€10,618
- Reserves +€82,555
up €82,555 (+190.2%), from €43,403 to €125,957
- Other debts +€38,239
up €38,239 (+80.6%), from €47,416 to €85,655
- Trade debts +€28,972
up €28,972 (+175.9%), from €16,466 to €45,439
- Tax, wage and social debts +€24,656
up €24,656 (+107.9%), from €22,844 to €47,500
of which Taxes: +€19,244
- Debts after one year +€23,263
new in 2025: €23,263
- Gross operating margin +€88,375
up €88,375 (+87.7%), from €100,785 to €189,159
- Staff costs +€24,676
up €24,676 (+80.1%), from €30,805 to €55,481
- Depreciation +€10,155
up €10,155 (+109.4%), from €9,279 to €19,434
- Taxes +€8,295
up €8,295 (+63.9%), from €12,985 to €21,280
- Financial charges +€6,642
up €6,642 (+1568.4%), from €424 to €7,066
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 | €132,177 | €346,257 | +€214,081 | +162.0% |
| Fixed assets | 21/28 | €73,016 | €164,828 | +€91,811 | +125.7% |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | €73,016 | €164,827 | +€91,810 | +125.7% |
| Plant, machinery and equipment | 23 | €71,642 | €129,311 | +€57,669 | +80.5% |
| Furniture and vehicles | 24 | €1,374 | €34,016 | +€32,642 | +2375.2% |
| Other tangible fixed assets | 26 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €59,161 | €181,430 | +€122,269 | +206.7% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,152 | €19,838 | +€11,686 | +143.4% |
| Trade receivables | 40 | €8,152 | €9,220 | +€1,068 | +13.1% |
| Other amounts receivable | 41 | - | €10,618 | +€10,618 | |
| Cash at bank and in hand | 54/58 | €48,389 | €156,561 | +€108,172 | +223.5% |
| Deferred charges and accrued income | 490/1 | €120 | €2,531 | +€2,411 | +2009.3% |
| Total equity and liabilities | 10/49 | €132,177 | €346,257 | +€214,081 | +162.0% |
| Equity | 10/15 | €44,403 | €126,957 | +€82,555 | +185.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,403 | €125,957 | +€82,555 | +190.2% |
| Distributable reserves | 133 | €43,403 | €125,957 | +€82,555 | +190.2% |
| Amounts payable | 17/49 | €87,774 | €219,300 | +€131,526 | +149.8% |
| Amounts payable after more than one year | 17 | - | €23,263 | +€23,263 | |
| Financial debts | 170/4 | - | €23,263 | +€23,263 | |
| Amounts payable within one year | 42/48 | €86,727 | €192,685 | +€105,959 | +122.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,091 | +€14,091 | |
| Trade debts | 44 | €16,466 | €45,439 | +€28,972 | +175.9% |
| Suppliers | 440/4 | €16,466 | €45,439 | +€28,972 | +175.9% |
| Taxes, remuneration and social security | 45 | €22,844 | €47,500 | +€24,656 | +107.9% |
| Taxes | 450/3 | €17,045 | €36,289 | +€19,244 | +112.9% |
| Remuneration and social security | 454/9 | €5,799 | €11,211 | +€5,412 | +93.3% |
| Other amounts payable | 47/48 | €47,416 | €85,655 | +€38,239 | +80.6% |
| Accrued charges and deferred income | 492/3 | €1,047 | €3,352 | +€2,305 | +220.1% |
| Remuneration, social security and pensions | 62 | €30,805 | €55,481 | +€24,676 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,279 | €19,434 | +€10,155 | +109.4% |
| Other operating charges | 640/8 | €3,889 | €3,641 | -€248 | -6.4% |
| Gross operating margin | 9900 | €100,785 | €189,159 | +€88,375 | +87.7% |
| Operating profit (loss) | 9901 | €56,811 | €110,603 | +€53,792 | +94.7% |
| Financial income | 75/76B | - | €298 | +€298 | |
| Recurring financial income | 75 | - | €298 | +€298 | |
| Financial charges | 65/66B | €424 | €7,066 | +€6,642 | +1568.4% |
| Recurring financial charges | 65 | €424 | €7,066 | +€6,642 | +1568.4% |
| Profit (loss) for the period before taxes | 9903 | €56,388 | €103,835 | +€47,447 | +84.1% |
| Income taxes | 67/77 | €12,985 | €21,280 | +€8,295 | +63.9% |
| Profit (loss) for the period | 9904 | €43,403 | €82,555 | +€39,152 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,403 | €82,555 | +€39,152 | +90.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.