VERT A+: 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.
VERT A+
Largest movements
- Receivables within one year +€23,938
up €23,938 (+92.3%), from €25,923 to €49,861
of which Other amounts receivable: +€21,260
- Tangible fixed assets -€3,545
down €3,545 (-21.6%), from €16,378 to €12,832
- Cash +€3,545
up €3,545 (+12.0%), from €29,579 to €33,124
mainly Net result for the year (+€26,566) and Depreciation (+€4,100)
- Deferred charges and accrued income +€2,516
up €2,516 (+106%), from €2,370 to €4,886
- Profit (loss) carried forward +€26,566
up €26,566 (+33.9%), from €78,477 to €105,043
- Gross operating margin -€22,780
down €22,780 (-37.7%), from €60,367 to €37,587
- Taxes -€3,763
down €3,763 (-32.6%), from €11,528 to €7,765
- Financial income +€790
up €790 (+263%), from €301 to €1,090
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 | €87,249 | €113,703 | +€26,454 | +30.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €29,378 | €25,832 | -€3,545 | -12.1% |
| Tangible fixed assets | 22/27 | €16,378 | €12,832 | -€3,545 | -21.6% |
| Furniture and vehicles | 24 | €16,378 | €12,832 | -€3,545 | -21.6% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €57,871 | €87,871 | +€29,999 | +51.8% |
| Amounts receivable within one year | 40/41 | €25,923 | €49,861 | +€23,938 | +92.3% |
| Trade receivables | 40 | €16,001 | €18,680 | +€2,679 | +16.7% |
| Other amounts receivable | 41 | €9,922 | €31,181 | +€21,260 | +214% |
| Cash at bank and in hand | 54/58 | €29,579 | €33,124 | +€3,545 | +12.0% |
| Deferred charges and accrued income | 490/1 | €2,370 | €4,886 | +€2,516 | +106% |
| Total equity and liabilities | 10/49 | €87,249 | €113,703 | +€26,454 | +30.3% |
| Equity | 10/15 | €82,477 | €109,043 | +€26,566 | +32.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,477 | €105,043 | +€26,566 | +33.9% |
| Amounts payable | 17/49 | €4,772 | €4,660 | -€112 | -2.4% |
| Amounts payable within one year | 42/48 | €4,772 | €4,660 | -€112 | -2.4% |
| Trade debts | 44 | €936 | €916 | -€19 | -2.1% |
| Suppliers | 440/4 | €936 | €916 | -€19 | -2.1% |
| Taxes, remuneration and social security | 45 | €3,837 | €3,744 | -€93 | -2.4% |
| Taxes | 450/3 | €1,837 | €3,744 | +€1,907 | +104% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,323 | €4,100 | -€223 | -5.2% |
| Other operating charges | 640/8 | €126 | - | -€126 | |
| Gross operating margin | 9900 | €60,367 | €37,587 | -€22,780 | -37.7% |
| Operating profit (loss) | 9901 | €55,917 | €33,486 | -€22,431 | -40.1% |
| Financial income | 75/76B | €301 | €1,090 | +€790 | +263% |
| Recurring financial income | 75 | €301 | €1,090 | +€790 | +263% |
| Financial charges | 65/66B | €217 | €245 | +€28 | +13.0% |
| Recurring financial charges | 65 | €217 | €245 | +€28 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €56,000 | €34,331 | -€21,669 | -38.7% |
| Income taxes | 67/77 | €11,528 | €7,765 | -€3,763 | -32.6% |
| Profit (loss) for the period | 9904 | €44,473 | €26,566 | -€17,907 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,473 | €26,566 | -€17,907 | -40.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.