LUC 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.
LUC VERTOMMEN
Largest movements
- Cash -€74,518
down €74,518 (-95.3%), from €78,164 to €3,646
mainly Investment in fixed assets (net) (-€74,772) and Tax, wage and social debts (-€4,746)
- Tangible fixed assets +€69,419
up €69,419 (+423%), from €16,403 to €85,822
- Receivables within one year +€2,825
new in 2025: €2,825
of which Other amounts receivable: +€1,773
- Tax, wage and social debts -€4,746
down €4,746 (-95.6%), from €4,964 to €217
- Other debts +€3,230
up €3,230 (+4.0%), from €80,517 to €83,747
- Gross operating margin -€9,894
down €9,894 (-47.3%), from €20,911 to €11,017
- Taxes -€3,078
down €3,078 (-70.9%), from €4,340 to €1,262
- Depreciation +€2,872
up €2,872 (+116%), from €2,482 to €5,353
- Other operating charges +€252
up €252 (+6.7%), from €3,754 to €4,006
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 | €106,962 | €104,688 | -€2,274 | -2.1% |
| Fixed assets | 21/28 | €28,798 | €98,217 | +€69,419 | +241% |
| Tangible fixed assets | 22/27 | €16,403 | €85,822 | +€69,419 | +423% |
| Land and buildings | 22 | €16,403 | €85,822 | +€69,419 | +423% |
| Financial fixed assets | 28 | €12,395 | €12,395 | = | 0.0% |
| Current assets | 29/58 | €78,164 | €6,472 | -€71,693 | -91.7% |
| Amounts receivable within one year | 40/41 | - | €2,825 | +€2,825 | |
| Trade receivables | 40 | - | €1,052 | +€1,052 | |
| Other amounts receivable | 41 | - | €1,773 | +€1,773 | |
| Cash at bank and in hand | 54/58 | €78,164 | €3,646 | -€74,518 | -95.3% |
| Total equity and liabilities | 10/49 | €106,962 | €104,688 | -€2,274 | -2.1% |
| Equity | 10/15 | €16,802 | €17,059 | +€256 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,649 | -€3,393 | +€256 | +7.0% |
| Amounts payable | 17/49 | €90,160 | €87,630 | -€2,530 | -2.8% |
| Amounts payable within one year | 42/48 | €90,160 | €87,630 | -€2,530 | -2.8% |
| Trade debts | 44 | €4,679 | €3,666 | -€1,014 | -21.7% |
| Suppliers | 440/4 | €4,679 | €3,666 | -€1,014 | -21.7% |
| Taxes, remuneration and social security | 45 | €4,964 | €217 | -€4,746 | -95.6% |
| Taxes | 450/3 | €4,964 | €217 | -€4,746 | -95.6% |
| Other amounts payable | 47/48 | €80,517 | €83,747 | +€3,230 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,482 | €5,353 | +€2,872 | +116% |
| Other operating charges | 640/8 | €3,754 | €4,006 | +€252 | +6.7% |
| Gross operating margin | 9900 | €20,911 | €11,017 | -€9,894 | -47.3% |
| Operating profit (loss) | 9901 | €14,676 | €1,658 | -€13,018 | -88.7% |
| Financial income | 75/76B | €80 | €8 | -€71 | -89.7% |
| Recurring financial income | 75 | €80 | €8 | -€71 | -89.7% |
| Financial charges | 65/66B | €126 | €148 | +€22 | +17.1% |
| Recurring financial charges | 65 | €126 | €148 | +€22 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €14,629 | €1,518 | -€13,111 | -89.6% |
| Income taxes | 67/77 | €4,340 | €1,262 | -€3,078 | -70.9% |
| Profit (loss) for the period | 9904 | €10,290 | €256 | -€10,033 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,290 | €256 | -€10,033 | -97.5% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.