DE VERTELLER: 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.
DE VERTELLER
Largest movements
- Receivables within one year +€135,748
up €135,748 (+97.1%), from €139,745 to €275,494
of which Other amounts receivable: +€136,419
- Cash -€94,449
down €94,449 (-48.7%), from €193,925 to €99,476
mainly Receivables within one year (-€135,748) and Net result for the year (-€66,915)
- Tangible fixed assets -€27,248
down €27,248 (-30.5%), from €89,437 to €62,189
of which Furniture and vehicles: -€18,226
- Intangible fixed assets -€21,243
down €21,243 (-39.0%), from €54,455 to €33,212
- Other debts +€73,477
up €73,477 (+241.5%), from €30,419 to €103,897
- Profit (loss) carried forward -€66,915
new in 2025: -€66,915
- Trade debts -€34,769
down €34,769 (-51.5%), from €67,534 to €32,764
- Tax, wage and social debts +€18,270
up €18,270 (+41.6%), from €43,945 to €62,215
of which Remuneration and social security: +€10,841
- Accrued charges and deferred income +€8,503
up €8,503 (+147.6%), from €5,761 to €14,264
- Gross operating margin -€52,793
down €52,793 (-10.6%), from €496,185 to €443,392
- Staff costs +€21,971
up €21,971 (+5.2%), from €424,886 to €446,857
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 | €518,830 | €517,395 | -€1,435 | -0.3% |
| Fixed assets | 21/28 | €143,892 | €95,401 | -€48,491 | -33.7% |
| Intangible fixed assets | 21 | €54,455 | €33,212 | -€21,243 | -39.0% |
| Tangible fixed assets | 22/27 | €89,437 | €62,189 | -€27,248 | -30.5% |
| Plant, machinery and equipment | 23 | €27,049 | €18,028 | -€9,021 | -33.4% |
| Furniture and vehicles | 24 | €62,388 | €44,162 | -€18,226 | -29.2% |
| Current assets | 29/58 | €374,938 | €421,994 | +€47,056 | +12.6% |
| Stocks and contracts in progress | 3 | €34,698 | €37,264 | +€2,567 | +7.4% |
| Stocks | 30/36 | €34,698 | €37,264 | +€2,567 | +7.4% |
| Amounts receivable within one year | 40/41 | €139,745 | €275,494 | +€135,748 | +97.1% |
| Trade receivables | 40 | €3,302 | €2,632 | -€670 | -20.3% |
| Other amounts receivable | 41 | €136,443 | €272,862 | +€136,419 | +100.0% |
| Cash at bank and in hand | 54/58 | €193,925 | €99,476 | -€94,449 | -48.7% |
| Deferred charges and accrued income | 490/1 | €6,570 | €9,760 | +€3,190 | +48.6% |
| Total equity and liabilities | 10/49 | €518,830 | €517,395 | -€1,435 | -0.3% |
| Equity | 10/15 | €371,170 | €304,255 | -€66,915 | -18.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €309,170 | €309,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €265,470 | €265,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€66,915 | -€66,915 | |
| Amounts payable | 17/49 | €147,660 | €213,141 | +€65,481 | +44.3% |
| Amounts payable within one year | 42/48 | €141,898 | €198,876 | +€56,978 | +40.2% |
| Trade debts | 44 | €67,534 | €32,764 | -€34,769 | -51.5% |
| Suppliers | 440/4 | €67,534 | €32,764 | -€34,769 | -51.5% |
| Taxes, remuneration and social security | 45 | €43,945 | €62,215 | +€18,270 | +41.6% |
| Taxes | 450/3 | €4,753 | €12,183 | +€7,430 | +156.3% |
| Remuneration and social security | 454/9 | €39,192 | €50,033 | +€10,841 | +27.7% |
| Other amounts payable | 47/48 | €30,419 | €103,897 | +€73,477 | +241.5% |
| Accrued charges and deferred income | 492/3 | €5,761 | €14,264 | +€8,503 | +147.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €424,886 | €446,857 | +€21,971 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,211 | €53,735 | -€3,476 | -6.1% |
| Other operating charges | 640/8 | €14,795 | €11,686 | -€3,109 | -21.0% |
| Gross operating margin | 9900 | €496,185 | €443,392 | -€52,793 | -10.6% |
| Operating profit (loss) | 9901 | -€707 | -€68,885 | -€68,179 | -9649.1% |
| Financial income | 75/76B | €5,290 | €4,709 | -€581 | -11.0% |
| Recurring financial income | 75 | €5,290 | €4,709 | -€581 | -11.0% |
| Financial charges | 65/66B | €1,934 | €2,291 | +€357 | +18.5% |
| Recurring financial charges | 65 | €1,934 | €2,291 | +€357 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €2,650 | -€66,468 | -€69,117 | |
| Income taxes | 67/77 | €1,331 | €448 | -€883 | -66.4% |
| Profit (loss) for the period | 9904 | €1,318 | -€66,915 | -€68,234 | |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,918 | -€66,915 | -€103,834 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.