Vert2o: 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.
Vert2o
Largest movements
- Cash +€17,518
up €17,518 (+27.5%), from €63,600 to €81,118
mainly Depreciation (+€14,872) and Trade debts (+€12,009)
- Tangible fixed assets -€12,560
down €12,560 (-19.5%), from €64,440 to €51,880
of which Furniture and vehicles: -€10,707
- Trade debts +€12,009
up €12,009 (+100.8%), from €11,914 to €23,923
- Debts after one year -€8,623
down €8,623 (-23.5%), from €36,729 to €28,106
- Tax, wage and social debts +€2,016
up €2,016 (+18.5%), from €10,917 to €12,933
- Gross operating margin -€17,540
down €17,540 (-48.4%), from €36,257 to €18,717
- Depreciation +€10,125
up €10,125 (+213.3%), from €4,747 to €14,872
- Taxes -€7,923
down €7,923 (-86.2%), from €9,193 to €1,270
- Financial charges +€1,573
up €1,573 (+542.4%), from €290 to €1,863
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.
Cash bridge derived
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 | €160,670 | €166,845 | +€6,175 | +3.8% |
| Fixed assets | 21/28 | €64,440 | €51,880 | -€12,560 | -19.5% |
| Tangible fixed assets | 22/27 | €64,440 | €51,880 | -€12,560 | -19.5% |
| Land and buildings | 22 | €764 | €1,094 | +€330 | +43.2% |
| Plant, machinery and equipment | 23 | €6,764 | €4,581 | -€2,183 | -32.3% |
| Furniture and vehicles | 24 | €56,912 | €46,205 | -€10,707 | -18.8% |
| Current assets | 29/58 | €96,230 | €114,965 | +€18,735 | +19.5% |
| Amounts receivable within one year | 40/41 | €31,049 | €32,165 | +€1,116 | +3.6% |
| Trade receivables | 40 | €17,429 | €10,657 | -€6,772 | -38.9% |
| Other amounts receivable | 41 | €13,620 | €21,508 | +€7,888 | +57.9% |
| Cash at bank and in hand | 54/58 | €63,600 | €81,118 | +€17,518 | +27.5% |
| Deferred charges and accrued income | 490/1 | €1,581 | €1,682 | +€101 | +6.4% |
| Total equity and liabilities | 10/49 | €160,670 | €166,845 | +€6,175 | +3.8% |
| Equity | 10/15 | €92,839 | €93,260 | +€421 | +0.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €84,839 | €85,260 | +€421 | +0.5% |
| Distributable reserves | 133 | €84,839 | €85,260 | +€421 | +0.5% |
| Amounts payable | 17/49 | €67,831 | €73,585 | +€5,754 | +8.5% |
| Amounts payable after more than one year | 17 | €36,729 | €28,106 | -€8,623 | -23.5% |
| Financial debts | 170/4 | €36,729 | €28,106 | -€8,623 | -23.5% |
| Amounts payable within one year | 42/48 | €31,102 | €45,479 | +€14,377 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €8,271 | €8,623 | +€352 | +4.3% |
| Trade debts | 44 | €11,914 | €23,923 | +€12,009 | +100.8% |
| Suppliers | 440/4 | €11,914 | €23,923 | +€12,009 | +100.8% |
| Taxes, remuneration and social security | 45 | €10,917 | €12,933 | +€2,016 | +18.5% |
| Taxes | 450/3 | €10,917 | €12,933 | +€2,016 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,747 | €14,872 | +€10,125 | +213.3% |
| Other operating charges | 640/8 | €239 | €398 | +€159 | +66.5% |
| Non-recurring operating charges | 66A | €150 | €713 | +€563 | +375.3% |
| Gross operating margin | 9900 | €36,257 | €18,717 | -€17,540 | -48.4% |
| Operating profit (loss) | 9901 | €31,121 | €2,734 | -€28,387 | -91.2% |
| Financial income | 75/76B | €694 | €820 | +€126 | +18.2% |
| Recurring financial income | 75 | €694 | €820 | +€126 | +18.2% |
| Financial charges | 65/66B | €290 | €1,863 | +€1,573 | +542.4% |
| Recurring financial charges | 65 | €290 | €1,863 | +€1,573 | +542.4% |
| Profit (loss) for the period before taxes | 9903 | €31,525 | €1,691 | -€29,834 | -94.6% |
| Income taxes | 67/77 | €9,193 | €1,270 | -€7,923 | -86.2% |
| Profit (loss) for the period | 9904 | €22,332 | €421 | -€21,911 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,332 | €421 | -€21,911 | -98.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.