Verdumat: 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.
Verdumat
Largest movements
- Receivables within one year -€42,164
down €42,164 (-42.0%), from €100,492 to €58,328
of which Other amounts receivable: -€30,355
- Tangible fixed assets -€32,161
down €32,161 (-28.8%), from €111,503 to €79,341
of which Plant, machinery and equipment: -€19,266
- Stocks and contracts +€25,500
up €25,500 (+133%), from €19,221 to €44,721
of which Contracts in progress: +€19,000
- Profit (loss) carried forward -€45,043
new in 2025: -€45,043
- Other debts +€39,219
up €39,219, from €0 to €39,219
- Debts after one year -€24,091
down €24,091 (-40.8%), from €59,116 to €35,024
- Trade debts -€10,780
down €10,780 (-13.9%), from €77,683 to €66,902
- Tax, wage and social debts -€4,277
down €4,277 (-86.2%), from €4,962 to €685
- Gross operating margin -€54,529
down €54,529 (-86.7%), from €62,860 to €8,331
- Taxes -€3,500
down €3,500 (-100%), from €3,500 to €0
- Other operating charges -€2,132
down €2,132 (-44.0%), from €4,851 to €2,718
- Financial income -€1,134
down €1,134 (-100%), from €1,134 to €0
- Financial charges -€1,046
down €1,046 (-28.4%), from €3,680 to €2,634
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 | €237,941 | €189,670 | -€48,271 | -20.3% |
| Fixed assets | 21/28 | €111,503 | €79,341 | -€32,161 | -28.8% |
| Tangible fixed assets | 22/27 | €111,503 | €79,341 | -€32,161 | -28.8% |
| Land and buildings | 22 | €31,091 | €31,091 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,837 | €27,571 | -€19,266 | -41.1% |
| Furniture and vehicles | 24 | €2,293 | €3,563 | +€1,270 | +55.4% |
| Leasing and similar rights | 25 | €31,281 | €17,116 | -€14,165 | -45.3% |
| Current assets | 29/58 | €126,439 | €110,329 | -€16,110 | -12.7% |
| Stocks and contracts in progress | 3 | €19,221 | €44,721 | +€25,500 | +133% |
| Stocks | 30/36 | €19,221 | €25,721 | +€6,500 | +33.8% |
| Contracts in progress | 37 | €0 | €19,000 | +€19,000 | |
| Amounts receivable within one year | 40/41 | €100,492 | €58,328 | -€42,164 | -42.0% |
| Trade receivables | 40 | €62,212 | €50,403 | -€11,809 | -19.0% |
| Other amounts receivable | 41 | €38,280 | €7,925 | -€30,355 | -79.3% |
| Cash at bank and in hand | 54/58 | €647 | €1,221 | +€574 | +88.8% |
| Deferred charges and accrued income | 490/1 | €6,078 | €6,058 | -€20 | -0.3% |
| Total equity and liabilities | 10/49 | €237,941 | €189,670 | -€48,271 | -20.3% |
| Equity | 10/15 | €65,975 | €23,748 | -€42,228 | -64.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,375 | €50,190 | +€2,815 | +5.9% |
| Distributable reserves | 133 | €47,375 | €50,190 | +€2,815 | +5.9% |
| Profit (loss) carried forward | 14 | - | -€45,043 | -€45,043 | |
| Amounts payable | 17/49 | €171,966 | €165,923 | -€6,043 | -3.5% |
| Amounts payable after more than one year | 17 | €59,116 | €35,024 | -€24,091 | -40.8% |
| Financial debts | 170/4 | €59,116 | €35,024 | -€24,091 | -40.8% |
| Amounts payable within one year | 42/48 | €112,666 | €130,898 | +€18,233 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €26,448 | €24,091 | -€2,356 | -8.9% |
| Financial debts | 43 | €3,573 | €0 | -€3,573 | -100% |
| Credit institutions | 430/8 | €3,573 | €0 | -€3,573 | -100% |
| Trade debts | 44 | €77,683 | €66,902 | -€10,780 | -13.9% |
| Suppliers | 440/4 | €77,683 | €66,902 | -€10,780 | -13.9% |
| Taxes, remuneration and social security | 45 | €4,962 | €685 | -€4,277 | -86.2% |
| Taxes | 450/3 | €4,962 | €685 | -€4,277 | -86.2% |
| Other amounts payable | 47/48 | €0 | €39,219 | +€39,219 | |
| Accrued charges and deferred income | 492/3 | €185 | €0 | -€185 | -100% |
| Remuneration, social security and pensions | 62 | €10,317 | €10,287 | -€31 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,609 | €37,735 | +€126 | +0.3% |
| Other operating charges | 640/8 | €4,851 | €2,718 | -€2,132 | -44.0% |
| Gross operating margin | 9900 | €62,860 | €8,331 | -€54,529 | -86.7% |
| Operating profit (loss) | 9901 | €10,083 | -€42,408 | -€52,492 | |
| Financial income | 75/76B | €1,134 | €0 | -€1,134 | -100% |
| Recurring financial income | 75 | €1,134 | €0 | -€1,134 | -100% |
| Financial charges | 65/66B | €3,680 | €2,634 | -€1,046 | -28.4% |
| Recurring financial charges | 65 | €3,680 | €2,634 | -€1,046 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €7,537 | -€45,043 | -€52,580 | |
| Income taxes | 67/77 | €3,500 | €0 | -€3,500 | -100% |
| Profit (loss) for the period | 9904 | €4,037 | -€45,043 | -€49,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,037 | -€45,043 | -€49,080 |
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 14 October 2026 via checked.be.