Vert-eco: what changed
Two fiscal 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-eco
Largest movements
- Receivables within one year -€8,000
down €8,000 (-29.6%), from €27,023 to €19,023
of which Trade receivables: -€11,636
- Tangible fixed assets -€3,424
down €3,424 (-40.2%), from €8,527 to €5,103
of which Furniture and vehicles: -€3,362
- Cash +€3,140
up €3,140 (+20.1%), from €15,590 to €18,729
mainly Receivables within one year (+€8,000) and Depreciation (+€3,830)
- Trade debts -€11,567
down €11,567 (-89.5%), from €12,919 to €1,352
- Reserves +€3,102
up €3,102 (+44.1%), from €7,028 to €10,129
- Gross operating margin -€4,759
down €4,759 (-35.7%), from €13,321 to €8,563
- Taxes -€1,899
down €1,899 (-70.5%), from €2,692 to €793
- Depreciation +€1,302
up €1,302 (+51.5%), from €2,528 to €3,830
- Financial charges +€519
up €519 (+318.2%), from €163 to €682
- Financial income +€425
new in 2025: €425
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 | €53,046 | €44,355 | -€8,690 | -16.4% |
| Fixed assets | 21/28 | €10,433 | €6,603 | -€3,830 | -36.7% |
| Intangible fixed assets | 21 | €407 | €0 | -€407 | -100.0% |
| Tangible fixed assets | 22/27 | €8,527 | €5,103 | -€3,424 | -40.2% |
| Plant, machinery and equipment | 23 | €62 | €0 | -€62 | -100.0% |
| Furniture and vehicles | 24 | €8,465 | €5,103 | -€3,362 | -39.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €42,612 | €37,752 | -€4,860 | -11.4% |
| Amounts receivable within one year | 40/41 | €27,023 | €19,023 | -€8,000 | -29.6% |
| Trade receivables | 40 | €21,631 | €9,995 | -€11,636 | -53.8% |
| Other amounts receivable | 41 | €5,392 | €9,028 | +€3,636 | +67.4% |
| Cash at bank and in hand | 54/58 | €15,590 | €18,729 | +€3,140 | +20.1% |
| Total equity and liabilities | 10/49 | €53,046 | €44,355 | -€8,690 | -16.4% |
| Equity | 10/15 | €37,382 | €40,129 | +€2,748 | +7.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,028 | €10,129 | +€3,102 | +44.1% |
| Distributable reserves | 133 | €7,028 | €10,129 | +€3,102 | +44.1% |
| Profit (loss) carried forward | 14 | €354 | €0 | -€354 | -100.0% |
| Amounts payable | 17/49 | €15,664 | €4,226 | -€11,438 | -73.0% |
| Amounts payable within one year | 42/48 | €15,664 | €4,226 | -€11,438 | -73.0% |
| Trade debts | 44 | €12,919 | €1,352 | -€11,567 | -89.5% |
| Suppliers | 440/4 | €12,919 | €1,352 | -€11,567 | -89.5% |
| Taxes, remuneration and social security | 45 | €2,746 | €2,874 | +€129 | +4.7% |
| Taxes | 450/3 | €2,746 | €2,874 | +€129 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,528 | €3,830 | +€1,302 | +51.5% |
| Other operating charges | 640/8 | €910 | €935 | +€25 | +2.8% |
| Gross operating margin | 9900 | €13,321 | €8,563 | -€4,759 | -35.7% |
| Operating profit (loss) | 9901 | €9,883 | €3,798 | -€6,086 | -61.6% |
| Financial income | 75/76B | - | €425 | +€425 | |
| Recurring financial income | 75 | - | €425 | +€425 | |
| Financial charges | 65/66B | €163 | €682 | +€519 | +318.2% |
| Recurring financial charges | 65 | €163 | €682 | +€519 | +318.2% |
| Profit (loss) for the period before taxes | 9903 | €9,720 | €3,541 | -€6,179 | -63.6% |
| Income taxes | 67/77 | €2,692 | €793 | -€1,899 | -70.5% |
| Profit (loss) for the period | 9904 | €7,028 | €2,748 | -€4,280 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | €2,748 | -€4,280 | -60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.