TONY VERTENTEN: what changed
TONY VERTENTEN
Largest movements
- Cash +€26,937
up €26,937 (+18.5%), from €145,858 to €172,795
mainly Net result for the year (+€117,669) and Depreciation (+€4,125)
- Tangible fixed assets +€1,937
up €1,937 (+43.4%), from €4,462 to €6,399
- Reserves +€117,000
up €117,000 (+302%), from €38,753 to €155,753
- Other debts -€67,879
down €67,879 (-90.3%), from €75,158 to €7,279
- Tax, wage and social debts -€21,820
down €21,820 (-68.1%), from €32,062 to €10,242
- Gross operating margin +€75,488
up €75,488 (+70.6%), from €106,954 to €182,442
- Purchases and services -€74,033
down €74,033 (-61.0%), from €121,406 to €47,372
- Taxes +€34,384
up €34,384 (+159%), from €21,627 to €56,011
- Depreciation +€2,558
up €2,558 (+163%), from €1,567 to €4,125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,693 | €179,194 | +€27,501 | +18.1% |
| Fixed assets | 21/28 | €4,462 | €6,399 | +€1,937 | +43.4% |
| Tangible fixed assets | 22/27 | €4,462 | €6,399 | +€1,937 | +43.4% |
| Furniture and vehicles | 24 | €4,462 | €6,399 | +€1,937 | +43.4% |
| Current assets | 29/58 | €147,231 | €172,795 | +€25,564 | +17.4% |
| Amounts receivable within one year | 40/41 | €1,373 | - | -€1,373 | |
| Other amounts receivable | 41 | €1,373 | - | -€1,373 | |
| Cash at bank and in hand | 54/58 | €145,858 | €172,795 | +€26,937 | +18.5% |
| Total equity and liabilities | 10/49 | €151,693 | €179,194 | +€27,501 | +18.1% |
| Equity | 10/15 | €43,540 | €161,209 | +€117,669 | +270% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,753 | €155,753 | +€117,000 | +302% |
| Distributable reserves | 133 | €38,753 | €155,753 | +€117,000 | +302% |
| Profit (loss) carried forward | 14 | €3,787 | €4,456 | +€669 | +17.7% |
| Amounts payable | 17/49 | €108,153 | €17,985 | -€90,168 | -83.4% |
| Amounts payable within one year | 42/48 | €108,153 | €17,985 | -€90,168 | -83.4% |
| Trade debts | 44 | €933 | €464 | -€469 | -50.3% |
| Suppliers | 440/4 | €933 | €464 | -€469 | -50.3% |
| Taxes, remuneration and social security | 45 | €32,062 | €10,242 | -€21,820 | -68.1% |
| Taxes | 450/3 | €32,062 | €10,242 | -€21,820 | -68.1% |
| Other amounts payable | 47/48 | €75,158 | €7,279 | -€67,879 | -90.3% |
| Turnover | 70 | €228,360 | €229,815 | +€1,455 | +0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,406 | €47,372 | -€74,033 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €4,125 | +€2,558 | +163% |
| Other operating charges | 640/8 | €2,081 | €2,630 | +€549 | +26.4% |
| Gross operating margin | 9900 | €106,954 | €182,442 | +€75,488 | +70.6% |
| Operating profit (loss) | 9901 | €103,307 | €175,687 | +€72,381 | +70.1% |
| Financial income | 75/76B | €1 | €2 | +€1 | +38.5% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +38.5% |
| Financial charges | 65/66B | €830 | €2,009 | +€1,179 | +142% |
| Recurring financial charges | 65 | €830 | €509 | -€321 | -38.7% |
| Non-recurring financial charges | 66B | - | €1,500 | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | €102,478 | €173,680 | +€71,202 | +69.5% |
| Income taxes | 67/77 | €21,627 | €56,011 | +€34,384 | +159% |
| Profit (loss) for the period | 9904 | €80,850 | €117,669 | +€36,819 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,850 | €117,669 | +€36,819 | +45.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.