Bruno Vertommen: 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.
Bruno Vertommen
Largest movements
- Cash +€76,682
up €76,682 (+21.5%), from €357,325 to €434,008
mainly Other debts (+€253,247) and Net result for the year (+€90,543)
- Current investments +€24,631
up €24,631 (+49.9%), from €49,390 to €74,021
- Other debts +€253,247
up €253,247 (+3,516%), from €7,202 to €260,449
- Reserves -€161,689
down €161,689 (-41.1%), from €393,498 to €231,809
- Tax, wage and social debts +€9,978
up €9,978 (+80.7%), from €12,364 to €22,342
- Depreciation -€12,005
down €12,005 (-88.1%), from €13,629 to €1,624
- Taxes +€4,971
up €4,971 (+16.5%), from €30,176 to €35,146
- Gross operating margin +€3,778
up €3,778 (+3.1%), from €120,522 to €124,301
- Financial income +€1,688
up €1,688 (+61.8%), from €2,729 to €4,418
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 | €420,158 | €519,808 | +€99,650 | +23.7% |
| Fixed assets | 21/28 | €3,711 | €2,486 | -€1,225 | -33.0% |
| Tangible fixed assets | 22/27 | €3,711 | €2,486 | -€1,225 | -33.0% |
| Plant, machinery and equipment | 23 | €230 | €360 | +€129 | +56.2% |
| Furniture and vehicles | 24 | €844 | €0 | -€844 | -100% |
| Other tangible fixed assets | 26 | €2,637 | €2,127 | -€510 | -19.3% |
| Current assets | 29/58 | €416,446 | €517,322 | +€100,875 | +24.2% |
| Stocks and contracts in progress | 3 | €1,093 | €270 | -€824 | -75.3% |
| Stocks | 30/36 | €1,093 | €270 | -€824 | -75.3% |
| Amounts receivable within one year | 40/41 | €167 | €237 | +€70 | +41.9% |
| Trade receivables | 40 | €167 | €237 | +€70 | +41.9% |
| Current investments | 50/53 | €49,390 | €74,021 | +€24,631 | +49.9% |
| Cash at bank and in hand | 54/58 | €357,325 | €434,008 | +€76,682 | +21.5% |
| Deferred charges and accrued income | 490/1 | €8,471 | €8,786 | +€316 | +3.7% |
| Total equity and liabilities | 10/49 | €420,158 | €519,808 | +€99,650 | +23.7% |
| Equity | 10/15 | €395,498 | €233,809 | -€161,689 | -40.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €393,498 | €231,809 | -€161,689 | -41.1% |
| Distributable reserves | 133 | €393,498 | €231,809 | -€161,689 | -41.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,660 | €285,999 | +€261,339 | +1,060% |
| Amounts payable within one year | 42/48 | €24,237 | €285,666 | +€261,429 | +1,079% |
| Trade debts | 44 | €4,671 | €2,875 | -€1,796 | -38.5% |
| Suppliers | 440/4 | €4,671 | €2,875 | -€1,796 | -38.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,364 | €22,342 | +€9,978 | +80.7% |
| Taxes | 450/3 | €12,364 | €22,342 | +€9,978 | +80.7% |
| Other amounts payable | 47/48 | €7,202 | €260,449 | +€253,247 | +3,516% |
| Accrued charges and deferred income | 492/3 | €423 | €333 | -€90 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,629 | €1,624 | -€12,005 | -88.1% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €120,522 | €124,301 | +€3,778 | +3.1% |
| Operating profit (loss) | 9901 | €106,442 | €122,211 | +€15,769 | +14.8% |
| Financial income | 75/76B | €2,729 | €4,418 | +€1,688 | +61.8% |
| Recurring financial income | 75 | €2,729 | €4,418 | +€1,688 | +61.8% |
| Financial charges | 65/66B | €554 | €940 | +€386 | +69.7% |
| Recurring financial charges | 65 | €554 | €940 | +€386 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €108,618 | €125,689 | +€17,072 | +15.7% |
| Income taxes | 67/77 | €30,176 | €35,146 | +€4,971 | +16.5% |
| Profit (loss) for the period | 9904 | €78,442 | €90,543 | +€12,101 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,442 | €90,543 | +€12,101 | +15.4% |
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 24 October 2026 via checked.be.