VERT AUTRE CHOSE: 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 AUTRE CHOSE
Largest movements
- Receivables within one year -€10,526
down €10,526 (-8.3%), from €127,553 to €117,027
of which Trade receivables: -€8,616
- Tangible fixed assets -€10,091
down €10,091 (-40.3%), from €25,072 to €14,980
of which Furniture and vehicles: -€9,649
- Cash +€8,903
up €8,903 (+20.9%), from €42,555 to €51,458
mainly Depreciation (+€12,631) and Receivables within one year (+€10,526)
- Tax, wage and social debts -€8,120
down €8,120 (-22.8%), from €35,662 to €27,543
of which Taxes: -€7,539
- Profit (loss) carried forward -€6,892
down €6,892 (-5.1%), from -€134,054 to -€140,947
- Trade debts +€6,489
up €6,489 (+21.2%), from €30,649 to €37,139
- Debts after one year -€5,260
no longer reported in 2025 (was €5,260)
- Gross operating margin +€12,175
up €12,175 (+6.1%), from €200,083 to €212,258
- Staff costs +€11,283
up €11,283 (+6.1%), from €184,462 to €195,746
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 | €272,059 | €257,418 | -€14,641 | -5.4% |
| Formation expenses | 20 | €1,801 | €968 | -€833 | -46.3% |
| Fixed assets | 21/28 | €25,132 | €15,040 | -€10,091 | -40.2% |
| Tangible fixed assets | 22/27 | €25,072 | €14,980 | -€10,091 | -40.3% |
| Plant, machinery and equipment | 23 | €822 | €380 | -€442 | -53.8% |
| Furniture and vehicles | 24 | €24,250 | €14,600 | -€9,649 | -39.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €245,126 | €241,410 | -€3,716 | -1.5% |
| Stocks and contracts in progress | 3 | €65,297 | €62,693 | -€2,604 | -4.0% |
| Stocks | 30/36 | €65,297 | €62,693 | -€2,604 | -4.0% |
| Amounts receivable within one year | 40/41 | €127,553 | €117,027 | -€10,526 | -8.3% |
| Trade receivables | 40 | €8,616 | €0 | -€8,616 | -100% |
| Other amounts receivable | 41 | €118,937 | €117,027 | -€1,910 | -1.6% |
| Cash at bank and in hand | 54/58 | €42,555 | €51,458 | +€8,903 | +20.9% |
| Deferred charges and accrued income | 490/1 | €9,721 | €10,232 | +€511 | +5.3% |
| Total equity and liabilities | 10/49 | €272,059 | €257,418 | -€14,641 | -5.4% |
| Equity | 10/15 | €194,196 | €187,303 | -€6,892 | -3.5% |
| Contributions | 10/11 | €326,000 | €326,000 | = | 0.0% |
| Reserves | 13 | €2,250 | €2,250 | = | 0.0% |
| Distributable reserves | 133 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,054 | -€140,947 | -€6,892 | -5.1% |
| Amounts payable | 17/49 | €77,864 | €70,115 | -€7,749 | -10.0% |
| Amounts payable after more than one year | 17 | €5,260 | - | -€5,260 | |
| Financial debts | 170/4 | €5,260 | - | -€5,260 | |
| Amounts payable within one year | 42/48 | €72,603 | €70,112 | -€2,492 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €6,229 | €5,260 | -€969 | -15.6% |
| Trade debts | 44 | €30,649 | €37,139 | +€6,489 | +21.2% |
| Suppliers | 440/4 | €30,649 | €37,139 | +€6,489 | +21.2% |
| Advances received on contracts in progress | 46 | - | €108 | +€108 | |
| Taxes, remuneration and social security | 45 | €35,662 | €27,543 | -€8,120 | -22.8% |
| Taxes | 450/3 | €17,392 | €9,853 | -€7,539 | -43.3% |
| Remuneration and social security | 454/9 | €18,271 | €17,690 | -€581 | -3.2% |
| Other amounts payable | 47/48 | €62 | €62 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €184,462 | €195,746 | +€11,283 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,954 | €12,631 | -€1,323 | -9.5% |
| Other operating charges | 640/8 | €779 | €2,654 | +€1,875 | +241% |
| Gross operating margin | 9900 | €200,083 | €212,258 | +€12,175 | +6.1% |
| Operating profit (loss) | 9901 | €888 | €1,228 | +€340 | +38.3% |
| Financial income | 75/76B | €522 | €829 | +€307 | +58.8% |
| Recurring financial income | 75 | €522 | €829 | +€307 | +58.8% |
| Financial charges | 65/66B | €7,609 | €8,883 | +€1,274 | +16.7% |
| Recurring financial charges | 65 | €7,609 | €8,883 | +€1,274 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,199 | -€6,826 | -€627 | -10.1% |
| Income taxes | 67/77 | €50 | €66 | +€16 | +32.3% |
| Profit (loss) for the period | 9904 | -€6,249 | -€6,892 | -€643 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,249 | -€6,892 | -€643 | -10.3% |
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.