VERDES: 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.
VERDES
Largest movements
- Receivables within one year +€10,900
up €10,900 (+8.2%), from €132,229 to €143,129
- Other debts +€12,000
up €12,000 (+47.0%), from €25,557 to €37,557
- Gross operating margin -€11,637
down €11,637, from €10,847 to -€790
- Taxes -€325
down €325 (-100%), from €325 to €0
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 | €305,456 | €316,385 | +€10,929 | +3.6% |
| Formation expenses | 20 | €713 | €533 | -€180 | -25.2% |
| Fixed assets | 21/28 | €172,500 | €172,500 | = | 0.0% |
| Financial fixed assets | 28 | €172,500 | €172,500 | = | 0.0% |
| Current assets | 29/58 | €132,243 | €143,352 | +€11,109 | +8.4% |
| Amounts receivable within one year | 40/41 | €132,229 | €143,129 | +€10,900 | +8.2% |
| Other amounts receivable | 41 | €132,229 | €143,129 | +€10,900 | +8.2% |
| Cash at bank and in hand | 54/58 | €14 | €223 | +€209 | +1,481% |
| Total equity and liabilities | 10/49 | €305,456 | €316,385 | +€10,929 | +3.6% |
| Equity | 10/15 | €278,753 | €277,576 | -€1,177 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,293 | €257,116 | -€1,177 | -0.5% |
| Amounts payable | 17/49 | €26,703 | €38,808 | +€12,106 | +45.3% |
| Amounts payable within one year | 42/48 | €26,703 | €38,808 | +€12,106 | +45.3% |
| Trade debts | 44 | €821 | €926 | +€106 | +12.9% |
| Suppliers | 440/4 | €821 | €926 | +€106 | +12.9% |
| Taxes, remuneration and social security | 45 | €325 | €325 | = | 0.0% |
| Taxes | 450/3 | €325 | €325 | = | 0.0% |
| Other amounts payable | 47/48 | €25,557 | €37,557 | +€12,000 | +47.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €180 | = | 0.0% |
| Gross operating margin | 9900 | €10,847 | -€790 | -€11,637 | |
| Operating profit (loss) | 9901 | €10,667 | -€970 | -€11,637 | |
| Financial charges | 65/66B | €134 | €207 | +€73 | +54.3% |
| Recurring financial charges | 65 | €134 | €207 | +€73 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €10,533 | -€1,177 | -€11,710 | |
| Income taxes | 67/77 | €325 | €0 | -€325 | -100% |
| Profit (loss) for the period | 9904 | €10,208 | -€1,177 | -€11,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,208 | -€1,177 | -€11,384 |
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 20 October 2026 via checked.be.