VARTOLI: 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.
VARTOLI
Largest movements
- Receivables within one year -€25,400
down €25,400 (-70.6%), from €35,992 to €10,592
of which Trade receivables: -€25,400
- Tangible fixed assets +€1,918
up €1,918 (+6,162%), from €31 to €1,949
of which Plant, machinery and equipment: +€1,949
- Cash +€1,221
up €1,221 (+157%), from €779 to €2,000
mainly Receivables within one year (+€25,400) and Net result for the year (+€15,435)
- Debts after one year -€42,618
no longer reported in 2024 (was €42,618)
- Profit (loss) carried forward +€15,435
up €15,435 (+64.6%), from -€23,876 to -€8,441
- Tax, wage and social debts +€4,923
up €4,923 (+391%), from €1,259 to €6,182
- Gross operating margin +€13,974
up €13,974 (+567%), from €2,466 to €16,440
- Purchases and services -€10,569
down €10,569 (-9.5%), from €110,875 to €100,307
- Turnover +€3,405
up €3,405 (+3.0%), from €113,342 to €116,747
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,601 | €16,341 | -€22,260 | -57.7% |
| Fixed assets | 21/28 | €1,831 | €3,749 | +€1,918 | +105% |
| Tangible fixed assets | 22/27 | €31 | €1,949 | +€1,918 | +6,162% |
| Plant, machinery and equipment | 23 | - | €1,949 | +€1,949 | |
| Furniture and vehicles | 24 | €31 | - | -€31 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €36,770 | €12,592 | -€24,179 | -65.8% |
| Amounts receivable within one year | 40/41 | €35,992 | €10,592 | -€25,400 | -70.6% |
| Trade receivables | 40 | €33,295 | €7,895 | -€25,400 | -76.3% |
| Other amounts receivable | 41 | €2,697 | €2,697 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €779 | €2,000 | +€1,221 | +157% |
| Total equity and liabilities | 10/49 | €38,601 | €16,341 | -€22,260 | -57.7% |
| Equity | 10/15 | -€5,276 | €10,159 | +€15,435 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,876 | -€8,441 | +€15,435 | +64.6% |
| Amounts payable | 17/49 | €43,877 | €6,182 | -€37,695 | -85.9% |
| Amounts payable after more than one year | 17 | €42,618 | - | -€42,618 | |
| Financial debts | 170/4 | €42,618 | - | -€42,618 | |
| Amounts payable within one year | 42/48 | €1,259 | €6,182 | +€4,923 | +391% |
| Taxes, remuneration and social security | 45 | €1,259 | €6,182 | +€4,923 | +391% |
| Taxes | 450/3 | €1,259 | €6,182 | +€4,923 | +391% |
| Turnover | 70 | €113,342 | €116,747 | +€3,405 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,875 | €100,307 | -€10,569 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €1,006 | +€890 | +768% |
| Gross operating margin | 9900 | €2,466 | €16,440 | +€13,974 | +567% |
| Operating profit (loss) | 9901 | €2,351 | €15,435 | +€13,084 | +557% |
| Profit (loss) for the period before taxes | 9903 | €2,351 | €15,435 | +€13,084 | +557% |
| Profit (loss) for the period | 9904 | €2,351 | €15,435 | +€13,084 | +557% |
| Profit (loss) for the period to be appropriated | 9905 | €2,351 | €15,435 | +€13,084 | +557% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.