VERT CHEMIN MANAGEMENT: 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 CHEMIN MANAGEMENT
Largest movements
- Tangible fixed assets -€7,211
down €7,211 (-4.9%), from €146,596 to €139,385
of which Land and buildings: -€6,832
- Debts after one year -€18,454
down €18,454 (-50.8%), from €36,305 to €17,851
- Other debts +€15,138
up €15,138 (+10.8%), from €140,620 to €155,758
- Profit (loss) carried forward -€6,125
down €6,125 (-5.4%), from -€113,432 to -€119,557
- Current portion of long-term debt +€2,678
up €2,678 (+15.4%), from €17,446 to €20,124
- Financial charges -€1,284
down €1,284 (-29.7%), from €4,330 to €3,046
- Gross operating margin +€150
up €150 (+2.5%), from €6,114 to €6,264
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.
Cash bridge derived
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 | €146,784 | €140,520 | -€6,264 | -4.3% |
| Fixed assets | 21/28 | €146,596 | €139,385 | -€7,211 | -4.9% |
| Tangible fixed assets | 22/27 | €146,596 | €139,385 | -€7,211 | -4.9% |
| Land and buildings | 22 | €145,611 | €138,778 | -€6,832 | -4.7% |
| Plant, machinery and equipment | 23 | €986 | €607 | -€379 | -38.5% |
| Current assets | 29/58 | €188 | €1,135 | +€947 | +503.6% |
| Cash at bank and in hand | 54/58 | €188 | €1,135 | +€947 | +503.6% |
| Total equity and liabilities | 10/49 | €146,784 | €140,520 | -€6,264 | -4.3% |
| Equity | 10/15 | -€50,932 | -€57,057 | -€6,125 | -12.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Uncalled capital | 101 | €123,500 | €123,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,432 | -€119,557 | -€6,125 | -5.4% |
| Amounts payable | 17/49 | €197,716 | €197,577 | -€139 | -0.1% |
| Amounts payable after more than one year | 17 | €36,305 | €17,851 | -€18,454 | -50.8% |
| Financial debts | 170/4 | €36,305 | €17,851 | -€18,454 | -50.8% |
| Amounts payable within one year | 42/48 | €161,411 | €179,726 | +€18,315 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €17,446 | €20,124 | +€2,678 | +15.4% |
| Trade debts | 44 | €3,345 | €3,844 | +€499 | +14.9% |
| Suppliers | 440/4 | €3,345 | €3,844 | +€499 | +14.9% |
| Other amounts payable | 47/48 | €140,620 | €155,758 | +€15,138 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,211 | €7,211 | = | 0.0% |
| Other operating charges | 640/8 | €2,144 | €2,132 | -€13 | -0.6% |
| Gross operating margin | 9900 | €6,114 | €6,264 | +€150 | +2.5% |
| Operating profit (loss) | 9901 | -€3,242 | -€3,079 | +€163 | +5.0% |
| Financial charges | 65/66B | €4,330 | €3,046 | -€1,284 | -29.7% |
| Recurring financial charges | 65 | €4,330 | €3,046 | -€1,284 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,572 | -€6,125 | +€1,447 | +19.1% |
| Profit (loss) for the period | 9904 | -€7,572 | -€6,125 | +€1,447 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,572 | -€6,125 | +€1,447 | +19.1% |
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 11 October 2026 via checked.be.