VERWINDO: 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.
VERWINDO
Largest movements
- Tangible fixed assets -€152,555
down €152,555 (-10.1%), from €1.5m to €1.4m
of which Land and buildings: -€156,672
- Receivables within one year +€90,444
up €90,444 (+25.0%), from €361,119 to €451,563
of which Trade receivables: +€100,200
- Cash +€74,471
up €74,471 (+326.4%), from €22,815 to €97,286
mainly Trade debts (+€274,216) and Depreciation (+€170,819)
- Trade debts +€274,216
up €274,216 (+38.6%), from €710,479 to €984,695
- Debts after one year -€143,953
down €143,953 (-20.6%), from €698,847 to €554,894
- Current portion of long-term debt -€86,865
down €86,865 (-37.6%), from €230,819 to €143,953
- Financial charges -€11,713
down €11,713 (-22.5%), from €51,986 to €40,273
- Gross operating margin -€6,938
down €6,938 (-3.0%), from €233,139 to €226,201
- Financial income -€5,459
down €5,459 (-72.8%), from €7,502 to €2,043
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 | €2,650,578 | €2,684,904 | +€34,327 | +1.3% |
| Fixed assets | 21/28 | €1,534,624 | €1,379,462 | -€155,161 | -10.1% |
| Intangible fixed assets | 21 | €19,395 | €16,706 | -€2,689 | -13.9% |
| Tangible fixed assets | 22/27 | €1,514,861 | €1,362,306 | -€152,555 | -10.1% |
| Land and buildings | 22 | €1,497,592 | €1,340,920 | -€156,672 | -10.5% |
| Plant, machinery and equipment | 23 | €17,269 | €21,386 | +€4,117 | +23.8% |
| Financial fixed assets | 28 | €368 | €451 | +€83 | +22.5% |
| Current assets | 29/58 | €1,115,954 | €1,305,442 | +€189,488 | +17.0% |
| Stocks and contracts in progress | 3 | €721,823 | €726,094 | +€4,271 | +0.6% |
| Stocks | 30/36 | €721,823 | €726,094 | +€4,271 | +0.6% |
| Amounts receivable within one year | 40/41 | €361,119 | €451,563 | +€90,444 | +25.0% |
| Trade receivables | 40 | €343,431 | €443,631 | +€100,200 | +29.2% |
| Other amounts receivable | 41 | €17,688 | €7,932 | -€9,756 | -55.2% |
| Cash at bank and in hand | 54/58 | €22,815 | €97,286 | +€74,471 | +326.4% |
| Deferred charges and accrued income | 490/1 | €10,197 | €30,499 | +€20,301 | +199.1% |
| Total equity and liabilities | 10/49 | €2,650,578 | €2,684,904 | +€34,327 | +1.3% |
| Equity | 10/15 | €876,890 | €875,725 | -€1,164 | -0.1% |
| Contributions | 10/11 | €828,600 | €828,600 | = | 0.0% |
| Reserves | 13 | €35,784 | €36,543 | +€760 | +2.1% |
| Non-distributable reserves | 130/1 | €14,369 | €14,369 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,369 | €14,369 | = | 0.0% |
| Distributable reserves | 133 | €21,414 | €22,174 | +€760 | +3.5% |
| Investment grants | 15 | €12,506 | €10,582 | -€1,924 | -15.4% |
| Provisions and deferred taxes | 16 | €646 | €544 | -€102 | -15.8% |
| Deferred taxes | 168 | €646 | €544 | -€102 | -15.8% |
| Amounts payable | 17/49 | €1,773,042 | €1,808,635 | +€35,593 | +2.0% |
| Amounts payable after more than one year | 17 | €698,847 | €554,894 | -€143,953 | -20.6% |
| Financial debts | 170/4 | €698,847 | €554,894 | -€143,953 | -20.6% |
| Amounts payable within one year | 42/48 | €1,066,669 | €1,253,742 | +€187,073 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €230,819 | €143,953 | -€86,865 | -37.6% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €710,479 | €984,695 | +€274,216 | +38.6% |
| Suppliers | 440/4 | €710,479 | €984,695 | +€274,216 | +38.6% |
| Taxes, remuneration and social security | 45 | €371 | €94 | -€277 | -74.7% |
| Taxes | 450/3 | €371 | €94 | -€277 | -74.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,527 | €0 | -€7,527 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,632 | €1,683 | +€51 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,532 | €170,819 | +€1,287 | +0.8% |
| Other operating charges | 640/8 | €16,386 | €14,716 | -€1,670 | -10.2% |
| Gross operating margin | 9900 | €233,139 | €226,201 | -€6,938 | -3.0% |
| Operating profit (loss) | 9901 | €45,589 | €38,984 | -€6,606 | -14.5% |
| Financial income | 75/76B | €7,502 | €2,043 | -€5,459 | -72.8% |
| Recurring financial income | 75 | €7,502 | €2,043 | -€5,459 | -72.8% |
| Financial charges | 65/66B | €51,986 | €40,273 | -€11,713 | -22.5% |
| Recurring financial charges | 65 | €51,986 | €40,273 | -€11,713 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €1,106 | €754 | -€352 | -31.8% |
| Transfer from deferred taxes | 780 | €102 | €102 | = | 0.0% |
| Income taxes | 67/77 | €371 | €96 | -€275 | -74.1% |
| Profit (loss) for the period | 9904 | €837 | €760 | -€77 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €837 | €760 | -€77 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.