Villa Verdi: 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.
Villa Verdi
Largest movements
- Receivables within one year +€60,640
up €60,640 (+632%), from €9,588 to €70,228
of which Other amounts receivable: +€45,921
- Tangible fixed assets -€22,272
down €22,272 (-3.2%), from €702,827 to €680,555
of which Land and buildings: -€13,766
- Debts after one year -€76,590
down €76,590 (-21.5%), from €355,541 to €278,951
of which Financial debts: -€85,722
- Reserves +€39,000
up €39,000 (+84.2%), from €46,300 to €85,300
of which Distributable reserves: +€39,000
- Tax, wage and social debts +€33,820
up €33,820 (+438%), from €7,729 to €41,549
of which Taxes: +€30,004
- Current portion of long-term debt +€25,001
up €25,001 (+63.8%), from €39,163 to €64,164
- Trade debts +€16,121
up €16,121 (+26.2%), from €61,480 to €77,600
- Gross operating margin +€62,773
up €62,773 (+47.6%), from €131,844 to €194,617
- Financial charges +€26,595
up €26,595 (+120%), from €22,147 to €48,743
of which Non-recurring financial charges: +€36,850
- Depreciation +€11,712
up €11,712 (+29.9%), from €39,221 to €50,932
- Taxes +€8,627
up €8,627 (+69.3%), from €12,439 to €21,066
- Staff costs +€3,148
up €3,148 (+13.8%), from €22,834 to €25,983
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,180,286 | €1,206,677 | +€26,391 | +2.2% |
| Fixed assets | 21/28 | €718,357 | €692,689 | -€25,668 | -3.6% |
| Intangible fixed assets | 21 | €15,530 | €12,134 | -€3,395 | -21.9% |
| Tangible fixed assets | 22/27 | €702,827 | €680,555 | -€22,272 | -3.2% |
| Land and buildings | 22 | €582,174 | €568,409 | -€13,766 | -2.4% |
| Plant, machinery and equipment | 23 | €63,525 | €68,844 | +€5,319 | +8.4% |
| Furniture and vehicles | 24 | €32,384 | €24,818 | -€7,567 | -23.4% |
| Leasing and similar rights | 25 | €24,744 | €18,485 | -€6,259 | -25.3% |
| Current assets | 29/58 | €461,929 | €513,988 | +€52,059 | +11.3% |
| Stocks and contracts in progress | 3 | €406,834 | €401,533 | -€5,301 | -1.3% |
| Stocks | 30/36 | €406,834 | €401,533 | -€5,301 | -1.3% |
| Amounts receivable within one year | 40/41 | €9,588 | €70,228 | +€60,640 | +632% |
| Trade receivables | 40 | €9,588 | €24,308 | +€14,719 | +154% |
| Other amounts receivable | 41 | - | €45,921 | +€45,921 | |
| Cash at bank and in hand | 54/58 | €41,133 | €34,324 | -€6,810 | -16.6% |
| Deferred charges and accrued income | 490/1 | €4,373 | €7,903 | +€3,530 | +80.7% |
| Total equity and liabilities | 10/49 | €1,180,286 | €1,206,677 | +€26,391 | +2.2% |
| Equity | 10/15 | €704,021 | €744,414 | +€40,393 | +5.7% |
| Contributions | 10/11 | €666,592 | €666,592 | = | 0.0% |
| Reserves | 13 | €46,300 | €85,300 | +€39,000 | +84.2% |
| Tax-exempt reserves | 132 | €15,557 | €15,557 | = | 0.0% |
| Distributable reserves | 133 | €30,743 | €69,743 | +€39,000 | +127% |
| Profit (loss) carried forward | 14 | -€8,871 | -€7,478 | +€1,393 | +15.7% |
| Amounts payable | 17/49 | €476,265 | €462,264 | -€14,002 | -2.9% |
| Amounts payable after more than one year | 17 | €355,541 | €278,951 | -€76,590 | -21.5% |
| Financial debts | 170/4 | €355,541 | €269,819 | -€85,722 | -24.1% |
| Other amounts payable | 178/9 | - | €9,132 | +€9,132 | |
| Amounts payable within one year | 42/48 | €108,372 | €183,313 | +€74,941 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €39,163 | €64,164 | +€25,001 | +63.8% |
| Trade debts | 44 | €61,480 | €77,600 | +€16,121 | +26.2% |
| Suppliers | 440/4 | €61,480 | €77,600 | +€16,121 | +26.2% |
| Taxes, remuneration and social security | 45 | €7,729 | €41,549 | +€33,820 | +438% |
| Taxes | 450/3 | €3,935 | €33,938 | +€30,004 | +763% |
| Remuneration and social security | 454/9 | €3,794 | €7,610 | +€3,816 | +101% |
| Accrued charges and deferred income | 492/3 | €12,353 | - | -€12,353 | |
| Non-recurring operating income | 76A | - | €12,580 | +€12,580 | |
| Remuneration, social security and pensions | 62 | €22,834 | €25,983 | +€3,148 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,221 | €50,932 | +€11,712 | +29.9% |
| Other operating charges | 640/8 | €8,231 | €7,877 | -€354 | -4.3% |
| Gross operating margin | 9900 | €131,844 | €194,617 | +€62,773 | +47.6% |
| Operating profit (loss) | 9901 | €61,557 | €109,825 | +€48,267 | +78.4% |
| Financial income | 75/76B | €460 | €377 | -€84 | -18.1% |
| Recurring financial income | 75 | €460 | €377 | -€84 | -18.1% |
| Financial charges | 65/66B | €22,147 | €48,743 | +€26,595 | +120% |
| Recurring financial charges | 65 | €22,147 | €11,892 | -€10,255 | -46.3% |
| Non-recurring financial charges | 66B | - | €36,850 | +€36,850 | |
| Profit (loss) for the period before taxes | 9903 | €39,870 | €61,459 | +€21,589 | +54.1% |
| Income taxes | 67/77 | €12,439 | €21,066 | +€8,627 | +69.3% |
| Profit (loss) for the period | 9904 | €27,431 | €40,393 | +€12,962 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,431 | €40,393 | +€12,962 | +47.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.