D&A-VertoWell: what changed
Two fiscal 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.
D&A-VertoWell
Largest movements
- Current investments +€150,000
up €150,000 (+150.0%), from €100,000 to €250,000
- Receivables within one year -€26,605
down €26,605 (-67.9%), from €39,189 to €12,584
of which Trade receivables: -€23,416
- Cash -€12,877
down €12,877 (-11.4%), from €112,827 to €99,950
mainly Current investments (-€150,000) and Tax, wage and social debts (-€36,903)
- Tangible fixed assets +€4,567
up €4,567 (+169.5%), from €2,694 to €7,262
of which Other tangible fixed assets: +€4,815
- Reserves +€76,000
up €76,000 (+45.8%), from €166,000 to €242,000
- Trade debts +€75,135
up €75,135 (+1052.9%), from €7,136 to €82,271
- Tax, wage and social debts -€36,903
down €36,903 (-47.7%), from €77,359 to €40,456
- Gross operating margin -€125,560
down €125,560 (-50.5%), from €248,664 to €123,103
- Taxes -€36,371
down €36,371 (-48.4%), from €75,202 to €38,831
- Financial charges +€3,521
up €3,521 (+105.6%), from €3,334 to €6,855
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 | €256,497 | €370,631 | +€114,134 | +44.5% |
| Fixed assets | 21/28 | €2,694 | €7,262 | +€4,567 | +169.5% |
| Tangible fixed assets | 22/27 | €2,694 | €7,262 | +€4,567 | +169.5% |
| Plant, machinery and equipment | 23 | €792 | €1,558 | +€766 | +96.7% |
| Furniture and vehicles | 24 | €1,902 | €889 | -€1,014 | -53.3% |
| Other tangible fixed assets | 26 | - | €4,815 | +€4,815 | |
| Current assets | 29/58 | €253,803 | €363,369 | +€109,567 | +43.2% |
| Amounts receivable within one year | 40/41 | €39,189 | €12,584 | -€26,605 | -67.9% |
| Trade receivables | 40 | €36,000 | €12,584 | -€23,416 | -65.0% |
| Other amounts receivable | 41 | €3,189 | €0 | -€3,189 | -100.0% |
| Current investments | 50/53 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €112,827 | €99,950 | -€12,877 | -11.4% |
| Deferred charges and accrued income | 490/1 | €1,786 | €835 | -€951 | -53.2% |
| Total equity and liabilities | 10/49 | €256,497 | €370,631 | +€114,134 | +44.5% |
| Equity | 10/15 | €170,284 | €245,678 | +€75,394 | +44.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €166,000 | €242,000 | +€76,000 | +45.8% |
| Distributable reserves | 133 | €166,000 | €242,000 | +€76,000 | +45.8% |
| Profit (loss) carried forward | 14 | €784 | €178 | -€606 | -77.3% |
| Amounts payable | 17/49 | €86,213 | €124,953 | +€38,740 | +44.9% |
| Amounts payable within one year | 42/48 | €86,213 | €124,953 | +€38,740 | +44.9% |
| Trade debts | 44 | €7,136 | €82,271 | +€75,135 | +1052.9% |
| Suppliers | 440/4 | €7,136 | €82,271 | +€75,135 | +1052.9% |
| Taxes, remuneration and social security | 45 | €77,359 | €40,456 | -€36,903 | -47.7% |
| Taxes | 450/3 | €77,359 | €40,456 | -€36,903 | -47.7% |
| Other amounts payable | 47/48 | €1,718 | €2,225 | +€507 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €1,755 | +€148 | +9.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €248,664 | €123,103 | -€125,560 | -50.5% |
| Operating profit (loss) | 9901 | €246,939 | €121,228 | -€125,711 | -50.9% |
| Financial income | 75/76B | €100 | €1,518 | +€1,418 | +1418.8% |
| Recurring financial income | 75 | €100 | €1,518 | +€1,418 | +1418.8% |
| Financial charges | 65/66B | €3,334 | €6,855 | +€3,521 | +105.6% |
| Recurring financial charges | 65 | €3,334 | €6,855 | +€3,521 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | €243,704 | €115,891 | -€127,813 | -52.4% |
| Income taxes | 67/77 | €75,202 | €38,831 | -€36,371 | -48.4% |
| Profit (loss) for the period | 9904 | €168,502 | €77,060 | -€91,442 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €168,502 | €77,060 | -€91,442 | -54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.