VERDUZ: 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.
VERDUZ
Largest movements
- Receivables within one year +€8,244
up €8,244 (+1030.5%), from €800 to €9,044
of which Trade receivables: +€6,919
- Intangible fixed assets -€6,500
down €6,500 (-11.6%), from €55,818 to €49,318
- Receivables after one year -€6,230
down €6,230 (-6.2%), from €100,831 to €94,601
- Deferred charges and accrued income -€1,750
no longer reported in 2025 (was €1,750)
- Trade debts -€9,859
down €9,859 (-66.1%), from €14,919 to €5,060
- Profit (loss) carried forward +€4,191
up €4,191 (+8.1%), from €51,593 to €55,784
- Current portion of long-term debt -€2,850
down €2,850 (-52.8%), from €5,400 to €2,550
- Tax, wage and social debts -€2,595
down €2,595 (-20.0%), from €12,967 to €10,372
- Short-term financial debts +€1,911
up €1,911 (+63.4%), from €3,015 to €4,926
- Gross operating margin -€14,039
down €14,039 (-56.2%), from €24,985 to €10,947
- Taxes -€5,732
down €5,732 (-68.6%), from €8,358 to €2,626
- Depreciation -€2,682
down €2,682 (-27.9%), from €9,599 to €6,918
- Financial income +€1,860
up €1,860 (+54.5%), from €3,410 to €5,269
- Financial charges -€593
down €593 (-30.3%), from €1,960 to €1,367
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 | €163,756 | €156,303 | -€7,452 | -4.6% |
| Fixed assets | 21/28 | €59,576 | €52,658 | -€6,918 | -11.6% |
| Intangible fixed assets | 21 | €55,818 | €49,318 | -€6,500 | -11.6% |
| Tangible fixed assets | 22/27 | €3,758 | €3,340 | -€418 | -11.1% |
| Furniture and vehicles | 24 | €3,758 | €3,340 | -€418 | -11.1% |
| Current assets | 29/58 | €104,180 | €103,645 | -€535 | -0.5% |
| Amounts receivable after more than one year | 29 | €100,831 | €94,601 | -€6,230 | -6.2% |
| Other amounts receivable | 291 | €100,831 | €94,601 | -€6,230 | -6.2% |
| Amounts receivable within one year | 40/41 | €800 | €9,044 | +€8,244 | +1030.5% |
| Trade receivables | 40 | €800 | €7,719 | +€6,919 | +864.9% |
| Other amounts receivable | 41 | - | €1,325 | +€1,325 | |
| Cash at bank and in hand | 54/58 | €799 | - | -€799 | |
| Deferred charges and accrued income | 490/1 | €1,750 | - | -€1,750 | |
| Total equity and liabilities | 10/49 | €163,756 | €156,303 | -€7,452 | -4.6% |
| Equity | 10/15 | €72,054 | €76,245 | +€4,191 | +5.8% |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,593 | €55,784 | +€4,191 | +8.1% |
| Amounts payable | 17/49 | €91,702 | €80,058 | -€11,643 | -12.7% |
| Amounts payable after more than one year | 17 | €55,400 | €55,400 | = | 0.0% |
| Other amounts payable | 178/9 | €55,400 | €55,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,302 | €22,908 | -€13,393 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €2,550 | -€2,850 | -52.8% |
| Financial debts | 43 | €3,015 | €4,926 | +€1,911 | +63.4% |
| Credit institutions | 430/8 | €3,015 | €4,926 | +€1,911 | +63.4% |
| Trade debts | 44 | €14,919 | €5,060 | -€9,859 | -66.1% |
| Suppliers | 440/4 | €14,919 | €5,060 | -€9,859 | -66.1% |
| Taxes, remuneration and social security | 45 | €12,967 | €10,372 | -€2,595 | -20.0% |
| Taxes | 450/3 | €12,967 | €10,372 | -€2,595 | -20.0% |
| Accrued charges and deferred income | 492/3 | - | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €6,918 | -€2,682 | -27.9% |
| Other operating charges | 640/8 | €1,244 | €1,114 | -€130 | -10.4% |
| Gross operating margin | 9900 | €24,985 | €10,947 | -€14,039 | -56.2% |
| Operating profit (loss) | 9901 | €14,142 | €2,915 | -€11,227 | -79.4% |
| Financial income | 75/76B | €3,410 | €5,269 | +€1,860 | +54.5% |
| Recurring financial income | 75 | €3,410 | €5,269 | +€1,860 | +54.5% |
| Financial charges | 65/66B | €1,960 | €1,367 | -€593 | -30.3% |
| Recurring financial charges | 65 | €1,960 | €1,367 | -€593 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €15,592 | €6,817 | -€8,775 | -56.3% |
| Income taxes | 67/77 | €8,358 | €2,626 | -€5,732 | -68.6% |
| Profit (loss) for the period | 9904 | €7,234 | €4,191 | -€3,043 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,234 | €4,191 | -€3,043 | -42.1% |
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 9 October 2026 via checked.be.