VERDYCK: what changed
VERDYCK
Largest movements
- Receivables within one year +€25,639
up €25,639 (+148%), from €17,291 to €42,930
of which Trade receivables: +€25,218
- Cash +€22,286
up €22,286 (+225%), from €9,919 to €32,205
mainly Trade debts (+€19,048) and Net result for the year (+€17,208)
- Tangible fixed assets -€7,114
down €7,114 (-39.5%), from €17,996 to €10,882
of which Furniture and vehicles: -€4,746
- Stocks and contracts -€3,777
down €3,777 (-20.2%), from €18,683 to €14,905
- Deferred charges and accrued income +€1,449
up €1,449 (+61.9%), from €2,341 to €3,790
- Trade debts +€19,048
up €19,048 (+427%), from €4,464 to €23,512
- Reserves +€17,099
up €17,099 (+108%), from €15,877 to €32,976
- Debts after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tax, wage and social debts +€9,863
up €9,863 (+77.7%), from €12,697 to €22,560
of which Taxes: +€14,184
- Other debts +€7,363
up €7,363, from €0 to €7,363
- Gross operating margin +€22,648
up €22,648 (+92.9%), from €24,378 to €47,026
- Other operating charges +€5,010
up €5,010 (+50.4%), from €9,934 to €14,944
- Taxes +€1,856
up €1,856 (+66.3%), from €2,801 to €4,657
- Depreciation -€1,065
down €1,065 (-10.4%), from €10,245 to €9,179
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 | €66,630 | €105,112 | +€38,482 | +57.8% |
| Fixed assets | 21/28 | €18,396 | €11,282 | -€7,114 | -38.7% |
| Tangible fixed assets | 22/27 | €17,996 | €10,882 | -€7,114 | -39.5% |
| Land and buildings | 22 | €551 | €0 | -€551 | -100% |
| Plant, machinery and equipment | 23 | - | €1,952 | +€1,952 | |
| Furniture and vehicles | 24 | €6,140 | €1,394 | -€4,746 | -77.3% |
| Other tangible fixed assets | 26 | €11,305 | €7,537 | -€3,768 | -33.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €48,234 | €93,830 | +€45,596 | +94.5% |
| Stocks and contracts in progress | 3 | €18,683 | €14,905 | -€3,777 | -20.2% |
| Stocks | 30/36 | €18,683 | €14,905 | -€3,777 | -20.2% |
| Amounts receivable within one year | 40/41 | €17,291 | €42,930 | +€25,639 | +148% |
| Trade receivables | 40 | €17,268 | €42,486 | +€25,218 | +146% |
| Other amounts receivable | 41 | €23 | €444 | +€420 | +1,802% |
| Cash at bank and in hand | 54/58 | €9,919 | €32,205 | +€22,286 | +225% |
| Deferred charges and accrued income | 490/1 | €2,341 | €3,790 | +€1,449 | +61.9% |
| Total equity and liabilities | 10/49 | €66,630 | €105,112 | +€38,482 | +57.8% |
| Equity | 10/15 | €34,469 | €51,677 | +€17,208 | +49.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,877 | €32,976 | +€17,099 | +108% |
| Distributable reserves | 133 | €15,877 | €32,976 | +€17,099 | +108% |
| Profit (loss) carried forward | 14 | - | €109 | +€109 | |
| Amounts payable | 17/49 | €32,162 | €53,435 | +€21,274 | +66.1% |
| Amounts payable after more than one year | 17 | €15,000 | €0 | -€15,000 | -100% |
| Financial debts | 170/4 | €15,000 | €0 | -€15,000 | -100% |
| Amounts payable within one year | 42/48 | €17,162 | €53,435 | +€36,274 | +211% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,464 | €23,512 | +€19,048 | +427% |
| Suppliers | 440/4 | €4,464 | €23,512 | +€19,048 | +427% |
| Taxes, remuneration and social security | 45 | €12,697 | €22,560 | +€9,863 | +77.7% |
| Taxes | 450/3 | €8,377 | €22,560 | +€14,184 | +169% |
| Remuneration and social security | 454/9 | €4,321 | €0 | -€4,321 | -100% |
| Other amounts payable | 47/48 | €0 | €7,363 | +€7,363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,245 | €9,179 | -€1,065 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,934 | €14,944 | +€5,010 | +50.4% |
| Gross operating margin | 9900 | €24,378 | €47,026 | +€22,648 | +92.9% |
| Operating profit (loss) | 9901 | €4,199 | €22,903 | +€18,703 | +445% |
| Financial income | 75/76B | €285 | €210 | -€75 | -26.4% |
| Recurring financial income | 75 | €285 | €210 | -€75 | -26.4% |
| Financial charges | 65/66B | €1,679 | €1,247 | -€432 | -25.7% |
| Recurring financial charges | 65 | €1,679 | €1,247 | -€432 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €2,805 | €21,865 | +€19,060 | +679% |
| Income taxes | 67/77 | €2,801 | €4,657 | +€1,856 | +66.3% |
| Profit (loss) for the period | 9904 | €5 | €17,208 | +€17,204 | +365,255% |
| Profit (loss) for the period to be appropriated | 9905 | €5 | €17,208 | +€17,204 | +365,255% |
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 3 November 2026 via checked.be.