Verduyn Dieter: what changed
Verduyn Dieter
Largest movements
- Tangible fixed assets +€46,485
up €46,485 (+374%), from €12,438 to €58,923
of which Furniture and vehicles: +€50,085
- Cash -€13,534
down €13,534 (-46.6%), from €29,057 to €15,523
mainly Investment in fixed assets (net) (-€53,607) and Trade debts (-€10,964)
- Stocks and contracts +€8,977
up €8,977 (+51.0%), from €17,597 to €26,574
- Receivables within one year +€3,265
up €3,265 (+4.1%), from €79,821 to €83,086
of which Other amounts receivable: +€3,848
- Profit (loss) carried forward +€47,100
up €47,100 (+83.7%), from €56,250 to €103,350
- Trade debts -€10,964
down €10,964 (-66.4%), from €16,504 to €5,540
- Tax, wage and social debts +€7,195
up €7,195 (+125%), from €5,745 to €12,940
of which Taxes: +€6,445
- Gross operating margin +€22,708
up €22,708 (+52.9%), from €42,918 to €65,626
- Taxes +€4,201
up €4,201 (+54.2%), from €7,745 to €11,946
- Depreciation +€1,856
up €1,856 (+33.3%), from €5,580 to €7,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,986 | €185,227 | +€43,241 | +30.5% |
| Formation expenses | 20 | €634 | €421 | -€213 | -33.6% |
| Fixed assets | 21/28 | €13,237 | €59,622 | +€46,385 | +350% |
| Intangible fixed assets | 21 | €799 | €699 | -€100 | -12.5% |
| Tangible fixed assets | 22/27 | €12,438 | €58,923 | +€46,485 | +374% |
| Plant, machinery and equipment | 23 | €10,780 | €7,180 | -€3,600 | -33.4% |
| Furniture and vehicles | 24 | €1,658 | €51,743 | +€50,085 | +3,022% |
| Current assets | 29/58 | €128,114 | €125,184 | -€2,931 | -2.3% |
| Stocks and contracts in progress | 3 | €17,597 | €26,574 | +€8,977 | +51.0% |
| Stocks | 30/36 | €17,597 | €26,574 | +€8,977 | +51.0% |
| Amounts receivable within one year | 40/41 | €79,821 | €83,086 | +€3,265 | +4.1% |
| Trade receivables | 40 | €74,037 | €73,454 | -€583 | -0.8% |
| Other amounts receivable | 41 | €5,784 | €9,632 | +€3,848 | +66.5% |
| Cash at bank and in hand | 54/58 | €29,057 | €15,523 | -€13,534 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,639 | €0 | -€1,639 | -100% |
| Total equity and liabilities | 10/49 | €141,986 | €185,227 | +€43,241 | +30.5% |
| Equity | 10/15 | €61,250 | €108,350 | +€47,100 | +76.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,250 | €103,350 | +€47,100 | +83.7% |
| Amounts payable | 17/49 | €80,736 | €76,877 | -€3,859 | -4.8% |
| Amounts payable within one year | 42/48 | €80,736 | €76,877 | -€3,859 | -4.8% |
| Trade debts | 44 | €16,504 | €5,540 | -€10,964 | -66.4% |
| Suppliers | 440/4 | €16,504 | €5,540 | -€10,964 | -66.4% |
| Taxes, remuneration and social security | 45 | €5,745 | €12,940 | +€7,195 | +125% |
| Taxes | 450/3 | €5,745 | €12,190 | +€6,445 | +112% |
| Remuneration and social security | 454/9 | €0 | €750 | +€750 | |
| Other amounts payable | 47/48 | €58,487 | €58,397 | -€90 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €7,436 | +€1,856 | +33.3% |
| Other operating charges | 640/8 | €430 | €763 | +€332 | +77.2% |
| Gross operating margin | 9900 | €42,918 | €65,626 | +€22,708 | +52.9% |
| Operating profit (loss) | 9901 | €36,908 | €57,428 | +€20,520 | +55.6% |
| Financial income | 75/76B | €1,703 | €1,673 | -€31 | -1.8% |
| Recurring financial income | 75 | €1,703 | €1,673 | -€31 | -1.8% |
| Financial charges | 65/66B | €50 | €54 | +€4 | +7.3% |
| Recurring financial charges | 65 | €50 | €54 | +€4 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €38,561 | €59,047 | +€20,486 | +53.1% |
| Income taxes | 67/77 | €7,745 | €11,946 | +€4,201 | +54.2% |
| Profit (loss) for the period | 9904 | €30,816 | €47,100 | +€16,284 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,816 | €47,100 | +€16,284 | +52.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.