VerduPH: 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.
VerduPH
Largest movements
- Receivables within one year +€55,238
up €55,238 (+34.6%), from €159,466 to €214,704
of which Other amounts receivable: +€48,270
- Tangible fixed assets -€13,444
down €13,444 (-26.8%), from €50,141 to €36,697
- Cash -€9,379
down €9,379 (-24.8%), from €37,748 to €28,369
mainly Receivables within one year (-€55,238) and Debts after one year (-€19,002)
- Profit (loss) carried forward +€40,513
up €40,513 (+29.1%), from €139,316 to €179,829
- Debts after one year -€19,002
down €19,002 (-39.8%), from €47,729 to €28,727
- Current portion of long-term debt +€9,690
new in 2025: €9,690
- Tax, wage and social debts +€9,334
up €9,334 (+17.9%), from €52,210 to €61,544
- Trade debts -€8,120
no longer reported in 2025 (was €8,120)
- Gross operating margin -€120,021
down €120,021 (-65.6%), from €182,855 to €62,834
- Taxes -€26,351
down €26,351 (-62.7%), from €42,002 to €15,651
- Depreciation +€9,807
up €9,807 (+270%), from €3,637 to €13,444
- Purchases and services +€9,740
up €9,740 (+56.3%), from €17,288 to €27,028
- Financial income +€6,331
up €6,331 (+231%), from €2,744 to €9,075
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 | €247,475 | €279,890 | +€32,415 | +13.1% |
| Fixed assets | 21/28 | €50,141 | €36,697 | -€13,444 | -26.8% |
| Tangible fixed assets | 22/27 | €50,141 | €36,697 | -€13,444 | -26.8% |
| Furniture and vehicles | 24 | €50,141 | €36,697 | -€13,444 | -26.8% |
| Current assets | 29/58 | €197,334 | €243,193 | +€45,859 | +23.2% |
| Amounts receivable within one year | 40/41 | €159,466 | €214,704 | +€55,238 | +34.6% |
| Trade receivables | 40 | €26,620 | €33,588 | +€6,968 | +26.2% |
| Other amounts receivable | 41 | €132,846 | €181,116 | +€48,270 | +36.3% |
| Cash at bank and in hand | 54/58 | €37,748 | €28,369 | -€9,379 | -24.8% |
| Deferred charges and accrued income | 490/1 | €120 | €120 | = | 0.0% |
| Total equity and liabilities | 10/49 | €247,475 | €279,890 | +€32,415 | +13.1% |
| Equity | 10/15 | €139,416 | €179,929 | +€40,513 | +29.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,316 | €179,829 | +€40,513 | +29.1% |
| Amounts payable | 17/49 | €108,059 | €99,961 | -€8,098 | -7.5% |
| Amounts payable after more than one year | 17 | €47,729 | €28,727 | -€19,002 | -39.8% |
| Financial debts | 170/4 | €47,729 | €28,727 | -€19,002 | -39.8% |
| Amounts payable within one year | 42/48 | €60,330 | €71,234 | +€10,904 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,690 | +€9,690 | |
| Trade debts | 44 | €8,120 | - | -€8,120 | |
| Suppliers | 440/4 | €8,120 | - | -€8,120 | |
| Taxes, remuneration and social security | 45 | €52,210 | €61,544 | +€9,334 | +17.9% |
| Taxes | 450/3 | €52,210 | €61,544 | +€9,334 | +17.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,288 | €27,028 | +€9,740 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,637 | €13,444 | +€9,807 | +270% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €182,855 | €62,834 | -€120,021 | -65.6% |
| Operating profit (loss) | 9901 | €179,218 | €48,990 | -€130,228 | -72.7% |
| Financial income | 75/76B | €2,744 | €9,075 | +€6,331 | +231% |
| Recurring financial income | 75 | €2,744 | €9,075 | +€6,331 | +231% |
| Financial charges | 65/66B | €644 | €1,901 | +€1,257 | +195% |
| Recurring financial charges | 65 | €644 | €1,901 | +€1,257 | +195% |
| Profit (loss) for the period before taxes | 9903 | €181,318 | €56,164 | -€125,154 | -69.0% |
| Income taxes | 67/77 | €42,002 | €15,651 | -€26,351 | -62.7% |
| Profit (loss) for the period | 9904 | €139,316 | €40,513 | -€98,803 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,316 | €40,513 | -€98,803 | -70.9% |
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 13 October 2026 via checked.be.