VERDUS: 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.
VERDUS
Largest movements
- Tangible fixed assets +€39,293
up €39,293 (+75.0%), from €52,366 to €91,659
of which Furniture and vehicles: +€19,906
- Receivables within one year +€6,559
up €6,559 (+26.4%), from €24,842 to €31,401
of which Other amounts receivable: +€7,305
- Reserves +€31,905
up €31,905 (+75.6%), from €42,200 to €74,105
- Tax, wage and social debts +€12,051
up €12,051 (+118.3%), from €10,183 to €22,234
- Trade debts +€3,087
up €3,087 (+42.5%), from €7,267 to €10,354
- Gross operating margin +€34,869
up €34,869 (+113.4%), from €30,738 to €65,607
- Taxes +€10,925
up €10,925 (+195.4%), from €5,591 to €16,516
- Depreciation +€3,877
up €3,877 (+32.8%), from €11,826 to €15,703
- Financial income +€937
up €937 (+252.1%), from €372 to €1,309
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 | €78,249 | €125,293 | +€47,044 | +60.1% |
| Fixed assets | 21/28 | €52,366 | €91,659 | +€39,293 | +75.0% |
| Tangible fixed assets | 22/27 | €52,366 | €91,659 | +€39,293 | +75.0% |
| Land and buildings | 22 | €10,523 | €23,771 | +€13,249 | +125.9% |
| Plant, machinery and equipment | 23 | €6,788 | €16,583 | +€9,795 | +144.3% |
| Furniture and vehicles | 24 | €21,496 | €41,402 | +€19,906 | +92.6% |
| Other tangible fixed assets | 26 | €13,560 | €9,903 | -€3,657 | -27.0% |
| Current assets | 29/58 | €25,883 | €33,634 | +€7,751 | +29.9% |
| Amounts receivable within one year | 40/41 | €24,842 | €31,401 | +€6,559 | +26.4% |
| Trade receivables | 40 | €1,722 | €975 | -€746 | -43.4% |
| Other amounts receivable | 41 | €23,121 | €30,426 | +€7,305 | +31.6% |
| Cash at bank and in hand | 54/58 | €34 | €300 | +€266 | +771.8% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,932 | +€926 | +92.1% |
| Total equity and liabilities | 10/49 | €78,249 | €125,293 | +€47,044 | +60.1% |
| Equity | 10/15 | €60,800 | €92,705 | +€31,905 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,200 | €74,105 | +€31,905 | +75.6% |
| Distributable reserves | 133 | €42,200 | €74,105 | +€31,905 | +75.6% |
| Amounts payable | 17/49 | €17,449 | €32,588 | +€15,138 | +86.8% |
| Amounts payable within one year | 42/48 | €17,449 | €32,588 | +€15,138 | +86.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,267 | €10,354 | +€3,087 | +42.5% |
| Suppliers | 440/4 | €7,267 | €10,354 | +€3,087 | +42.5% |
| Taxes, remuneration and social security | 45 | €10,183 | €22,234 | +€12,051 | +118.3% |
| Taxes | 450/3 | €10,183 | €22,234 | +€12,051 | +118.3% |
| Non-recurring operating income | 76A | - | €38,418 | +€38,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,826 | €15,703 | +€3,877 | +32.8% |
| Other operating charges | 640/8 | €821 | €1,015 | +€194 | +23.6% |
| Gross operating margin | 9900 | €30,738 | €65,607 | +€34,869 | +113.4% |
| Operating profit (loss) | 9901 | €18,091 | €48,889 | +€30,798 | +170.2% |
| Financial income | 75/76B | €372 | €1,309 | +€937 | +252.1% |
| Recurring financial income | 75 | €372 | €1,309 | +€937 | +252.1% |
| Financial charges | 65/66B | €1,314 | €1,777 | +€463 | +35.3% |
| Recurring financial charges | 65 | €1,314 | €1,777 | +€463 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €17,149 | €48,421 | +€31,272 | +182.4% |
| Income taxes | 67/77 | €5,591 | €16,516 | +€10,925 | +195.4% |
| Profit (loss) for the period | 9904 | €11,558 | €31,905 | +€20,347 | +176.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,558 | €31,905 | +€20,347 | +176.0% |
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 11 October 2026 via checked.be.