VERLODT - DE DAPPER: 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.
VERLODT - DE DAPPER
Largest movements
- Tangible fixed assets +€43,021
up €43,021 (+5.0%), from €864,089 to €907,110
of which Furniture and vehicles: +€24,521
- Receivables within one year +€40,719
up €40,719 (+73.3%), from €55,568 to €96,287
of which Trade receivables: +€74,744
- Cash +€30,067
up €30,067 (+39.8%), from €75,612 to €105,679
mainly Trade debts (+€158,115) and Debts after one year (+€60,585)
- Trade debts +€158,115
up €158,115 (+748%), from €21,124 to €179,239
- Advances received -€72,600
no longer reported in 2025 (was €72,600)
- Debts after one year +€60,585
up €60,585 (+9.0%), from €671,379 to €731,964
- Reserves -€16,753
down €16,753 (-8.6%), from €195,612 to €178,859
of which Distributable reserves: -€14,972
- Other debts -€12,762
no longer reported in 2025 (was €12,762)
- Gross operating margin +€57,935
up €57,935 (+143%), from €40,453 to €98,388
- Depreciation +€37,053
up €37,053 (+222%), from €16,691 to €53,744
- Financial charges +€24,482
up €24,482 (+497%), from €4,927 to €29,409
- Taxes -€1,707
down €1,707 (-16.9%), from €10,079 to €8,371
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 | €997,044 | €1,121,874 | +€124,830 | +12.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €864,089 | €917,610 | +€53,521 | +6.2% |
| Tangible fixed assets | 22/27 | €864,089 | €907,110 | +€43,021 | +5.0% |
| Land and buildings | 22 | €840,935 | €865,379 | +€24,444 | +2.9% |
| Plant, machinery and equipment | 23 | €17,024 | €11,080 | -€5,944 | -34.9% |
| Furniture and vehicles | 24 | €6,130 | €30,650 | +€24,521 | +400% |
| Financial fixed assets | 28 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €132,955 | €204,264 | +€71,309 | +53.6% |
| Amounts receivable within one year | 40/41 | €55,568 | €96,287 | +€40,719 | +73.3% |
| Trade receivables | 40 | €20,242 | €94,986 | +€74,744 | +369% |
| Other amounts receivable | 41 | €35,326 | €1,302 | -€34,025 | -96.3% |
| Current investments | 50/53 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €75,612 | €105,679 | +€30,067 | +39.8% |
| Deferred charges and accrued income | 490/1 | €1,276 | €2,298 | +€1,022 | +80.1% |
| Total equity and liabilities | 10/49 | €997,044 | €1,121,874 | +€124,830 | +12.5% |
| Equity | 10/15 | €214,212 | €197,459 | -€16,753 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,612 | €178,859 | -€16,753 | -8.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €989 | €1,068 | +€79 | +8.0% |
| Distributable reserves | 133 | €192,763 | €177,791 | -€14,972 | -7.8% |
| Amounts payable | 17/49 | €782,832 | €924,415 | +€141,583 | +18.1% |
| Amounts payable after more than one year | 17 | €671,379 | €731,964 | +€60,585 | +9.0% |
| Financial debts | 170/4 | €671,379 | €731,964 | +€60,585 | +9.0% |
| Amounts payable within one year | 42/48 | €111,201 | €192,183 | +€80,982 | +72.8% |
| Trade debts | 44 | €21,124 | €179,239 | +€158,115 | +748% |
| Suppliers | 440/4 | €21,124 | €179,239 | +€158,115 | +748% |
| Advances received on contracts in progress | 46 | €72,600 | - | -€72,600 | |
| Taxes, remuneration and social security | 45 | €4,715 | €12,944 | +€8,230 | +175% |
| Taxes | 450/3 | €4,715 | €12,944 | +€8,230 | +175% |
| Other amounts payable | 47/48 | €12,762 | - | -€12,762 | |
| Accrued charges and deferred income | 492/3 | €252 | €268 | +€16 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,691 | €53,744 | +€37,053 | +222% |
| Other operating charges | 640/8 | €2,453 | €1,845 | -€608 | -24.8% |
| Gross operating margin | 9900 | €40,453 | €98,388 | +€57,935 | +143% |
| Operating profit (loss) | 9901 | €21,309 | €42,800 | +€21,490 | +101% |
| Financial income | 75/76B | €458 | €329 | -€129 | -28.2% |
| Recurring financial income | 75 | €458 | €329 | -€129 | -28.2% |
| Financial charges | 65/66B | €4,927 | €29,409 | +€24,482 | +497% |
| Recurring financial charges | 65 | €4,927 | €29,409 | +€24,482 | +497% |
| Profit (loss) for the period before taxes | 9903 | €16,840 | €13,720 | -€3,120 | -18.5% |
| Income taxes | 67/77 | €10,079 | €8,371 | -€1,707 | -16.9% |
| Profit (loss) for the period | 9904 | €6,762 | €5,348 | -€1,413 | -20.9% |
| Transfer to tax-exempt reserves | 689 | €113 | €79 | -€35 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,648 | €5,270 | -€1,378 | -20.7% |
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 23 October 2026 via checked.be.