VERT PAYSAGE: 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.
VERT PAYSAGE
Largest movements
- Tangible fixed assets -€21,980
down €21,980 (-29.8%), from €73,827 to €51,848
of which Furniture and vehicles: -€12,220
- Receivables within one year -€16,152
down €16,152 (-41.8%), from €38,632 to €22,480
- Stocks and contracts +€10,622
up €10,622 (+501%), from €2,120 to €12,742
- Cash -€2,268
down €2,268 (-8.3%), from €27,471 to €25,204
mainly Stocks and contracts (-€10,622) and Net result for the year (-€8,673)
- Profit (loss) carried forward -€8,673
new in 2025: -€8,673
- Debts after one year -€7,427
down €7,427 (-62.0%), from €11,981 to €4,554
- Other debts -€5,867
down €5,867 (-28.8%), from €20,389 to €14,521
- Current portion of long-term debt -€3,956
down €3,956 (-33.3%), from €11,897 to €7,941
- Tax, wage and social debts -€3,932
down €3,932 (-52.5%), from €7,494 to €3,563
of which Taxes: -€2,159
- Purchases and services -€14,613
down €14,613 (-18.6%), from €78,537 to €63,924
- Gross operating margin -€6,487
down €6,487 (-15.2%), from €42,790 to €36,303
- Staff costs +€1,888
up €1,888 (+13.1%), from €14,369 to €16,257
- Depreciation +€508
up €508 (+2.3%), from €22,063 to €22,571
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 | €144,596 | €114,599 | -€29,997 | -20.7% |
| Fixed assets | 21/28 | €73,827 | €51,848 | -€21,980 | -29.8% |
| Tangible fixed assets | 22/27 | €73,827 | €51,848 | -€21,980 | -29.8% |
| Land and buildings | 22 | €24,594 | €19,242 | -€5,352 | -21.8% |
| Plant, machinery and equipment | 23 | €20,898 | €16,490 | -€4,407 | -21.1% |
| Furniture and vehicles | 24 | €28,335 | €16,115 | -€12,220 | -43.1% |
| Current assets | 29/58 | €70,769 | €62,752 | -€8,018 | -11.3% |
| Stocks and contracts in progress | 3 | €2,120 | €12,742 | +€10,622 | +501% |
| Stocks | 30/36 | €2,120 | €12,742 | +€10,622 | +501% |
| Amounts receivable within one year | 40/41 | €38,632 | €22,480 | -€16,152 | -41.8% |
| Trade receivables | 40 | €38,632 | €22,480 | -€16,152 | -41.8% |
| Cash at bank and in hand | 54/58 | €27,471 | €25,204 | -€2,268 | -8.3% |
| Deferred charges and accrued income | 490/1 | €2,546 | €2,326 | -€219 | -8.6% |
| Total equity and liabilities | 10/49 | €144,596 | €114,599 | -€29,997 | -20.7% |
| Equity | 10/15 | €82,331 | €73,659 | -€8,673 | -10.5% |
| Contributions | 10/11 | €18,645 | €18,645 | = | 0.0% |
| Capital | 10 | €18,645 | €18,645 | = | 0.0% |
| Issued capital | 100 | €18,645 | €18,645 | = | 0.0% |
| Reserves | 13 | €63,687 | €63,687 | = | 0.0% |
| Distributable reserves | 133 | €63,687 | €63,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,673 | -€8,673 | |
| Amounts payable | 17/49 | €62,265 | €40,941 | -€21,324 | -34.2% |
| Amounts payable after more than one year | 17 | €11,981 | €4,554 | -€7,427 | -62.0% |
| Financial debts | 170/4 | €11,981 | €4,554 | -€7,427 | -62.0% |
| Amounts payable within one year | 42/48 | €50,284 | €36,387 | -€13,897 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €11,897 | €7,941 | -€3,956 | -33.3% |
| Trade debts | 44 | €10,504 | €10,362 | -€142 | -1.3% |
| Suppliers | 440/4 | €10,504 | €10,362 | -€142 | -1.3% |
| Taxes, remuneration and social security | 45 | €7,494 | €3,563 | -€3,932 | -52.5% |
| Taxes | 450/3 | €4,346 | €2,187 | -€2,159 | -49.7% |
| Remuneration and social security | 454/9 | €3,149 | €1,376 | -€1,773 | -56.3% |
| Other amounts payable | 47/48 | €20,389 | €14,521 | -€5,867 | -28.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,537 | €63,924 | -€14,613 | -18.6% |
| Remuneration, social security and pensions | 62 | €14,369 | €16,257 | +€1,888 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,063 | €22,571 | +€508 | +2.3% |
| Other operating charges | 640/8 | €1,743 | €1,872 | +€130 | +7.4% |
| Gross operating margin | 9900 | €42,790 | €36,303 | -€6,487 | -15.2% |
| Operating profit (loss) | 9901 | €4,616 | -€4,397 | -€9,012 | |
| Financial income | 75/76B | €3 | €2 | -€1 | -23.4% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -23.4% |
| Financial charges | 65/66B | €1,205 | €1,513 | +€308 | +25.6% |
| Recurring financial charges | 65 | €1,205 | €1,513 | +€308 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €3,413 | -€5,908 | -€9,321 | |
| Income taxes | 67/77 | €2,751 | €2,765 | +€14 | +0.5% |
| Profit (loss) for the period | 9904 | €662 | -€8,673 | -€9,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €662 | -€8,673 | -€9,335 |
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 19 October 2026 via checked.be.