VERTAN: 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.
What changed
VERTAN
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,718
2024 · €27,256+€22,462
Equity
€159,736
2024 · €110,018+€49,718
Cash
€84,294
2024 · €84,721-€428
Balance sheet total
€472,113
2024 · €443,955+€28,158
Largest movements
Assets
- Receivables within one year +€44,486
up €44,486 (+195%), from €22,852 to €67,338
of which Trade receivables: +€38,411
- Tangible fixed assets -€20,043
down €20,043 (-6.2%), from €324,676 to €304,633
of which Land and buildings: -€11,475
Equity and liabilities
- Profit (loss) carried forward +€49,718
up €49,718 (+54.4%), from €91,418 to €141,136
- Debts after one year -€26,128
down €26,128 (-11.2%), from €232,585 to €206,457
Income statement
- Gross operating margin +€39,212
up €39,212 (+37.1%), from €105,611 to €144,823
- Staff costs +€7,886
up €7,886 (+20.4%), from €38,648 to €46,534
- Financial income -€6,136
down €6,136 (-89.5%), from €6,859 to €723
- Taxes +€4,077
up €4,077 (+35.0%), from €11,645 to €15,722
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.
Result 2024
€27,256
Gross operating margin
+€39,212
Staff costs
-€7,886
Depreciation
-€80
Other operating charges
+€1,119
Other operating items
-€618
Financial income
-€6,136
Financial charges
+€928
Taxes
-€4,077
Result 2025
€49,718
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€26,936
Investment
-€1,490
Financing
-€25,874
Cash 2024
€84,721
From operations (derived)
+€26,936
Net result for the year
+€49,718
Depreciation
+€20,354
Receivables within one year
-€44,486
Deferred charges and accrued income
-€2,964
Trade debts
+€4,539
Tax, wage and social debts
+€764
Other debts
-€3,478
Accrued charges and deferred income
+€2,490
Investment (derived)
-€1,490
Investment in fixed assets (net)
-€1,490
Financing
-€25,874
Debts after one year
-€26,128
Current portion of long-term debt
+€343
Short-term financial debts
-€89
Cash 2025
€84,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,955 | €472,113 | +€28,158 | +6.3% |
| Fixed assets | 21/28 | €324,990 | €306,126 | -€18,864 | -5.8% |
| Intangible fixed assets | 21 | €314 | €3 | -€312 | -99.2% |
| Tangible fixed assets | 22/27 | €324,676 | €304,633 | -€20,043 | -6.2% |
| Land and buildings | 22 | €50,155 | €38,680 | -€11,475 | -22.9% |
| Plant, machinery and equipment | 23 | €1,627 | €942 | -€686 | -42.1% |
| Furniture and vehicles | 24 | €3,861 | €2,025 | -€1,836 | -47.6% |
| Other tangible fixed assets | 26 | €269,032 | €262,987 | -€6,046 | -2.2% |
| Financial fixed assets | 28 | - | €1,490 | +€1,490 | |
| Current assets | 29/58 | €118,964 | €165,987 | +€47,023 | +39.5% |
| Amounts receivable within one year | 40/41 | €22,852 | €67,338 | +€44,486 | +195% |
| Trade receivables | 40 | €20,166 | €58,577 | +€38,411 | +190% |
| Other amounts receivable | 41 | €2,686 | €8,760 | +€6,074 | +226% |
| Cash at bank and in hand | 54/58 | €84,721 | €84,294 | -€428 | -0.5% |
| Deferred charges and accrued income | 490/1 | €11,391 | €14,356 | +€2,964 | +26.0% |
| Total equity and liabilities | 10/49 | €443,955 | €472,113 | +€28,158 | +6.3% |
| Equity | 10/15 | €110,018 | €159,736 | +€49,718 | +45.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €91,418 | €141,136 | +€49,718 | +54.4% |
| Amounts payable | 17/49 | €333,936 | €312,377 | -€21,559 | -6.5% |
| Amounts payable after more than one year | 17 | €232,585 | €206,457 | -€26,128 | -11.2% |
| Financial debts | 170/4 | €232,585 | €206,457 | -€26,128 | -11.2% |
| Amounts payable within one year | 42/48 | €101,226 | €103,304 | +€2,079 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €26,586 | €26,929 | +€343 | +1.3% |
| Financial debts | 43 | €5,099 | €5,010 | -€89 | -1.7% |
| Credit institutions | 430/8 | €99 | €10 | -€89 | -89.8% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €31,164 | €35,702 | +€4,539 | +14.6% |
| Suppliers | 440/4 | €31,164 | €35,702 | +€4,539 | +14.6% |
| Taxes, remuneration and social security | 45 | €31,281 | €32,045 | +€764 | +2.4% |
| Taxes | 450/3 | €24,211 | €19,548 | -€4,663 | -19.3% |
| Remuneration and social security | 454/9 | €7,070 | €12,497 | +€5,427 | +76.8% |
| Other amounts payable | 47/48 | €7,097 | €3,618 | -€3,478 | -49.0% |
| Accrued charges and deferred income | 492/3 | €126 | €2,616 | +€2,490 | +1,980% |
| Remuneration, social security and pensions | 62 | €38,648 | €46,534 | +€7,886 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,274 | €20,354 | +€80 | +0.4% |
| Other operating charges | 640/8 | €4,440 | €3,321 | -€1,119 | -25.2% |
| Non-recurring operating charges | 66A | - | €618 | +€618 | |
| Gross operating margin | 9900 | €105,611 | €144,823 | +€39,212 | +37.1% |
| Operating profit (loss) | 9901 | €42,248 | €73,995 | +€31,748 | +75.1% |
| Financial income | 75/76B | €6,859 | €723 | -€6,136 | -89.5% |
| Recurring financial income | 75 | €6,859 | €723 | -€6,136 | -89.5% |
| Financial charges | 65/66B | €10,206 | €9,278 | -€928 | -9.1% |
| Recurring financial charges | 65 | €10,206 | €9,278 | -€928 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €38,901 | €65,440 | +€26,539 | +68.2% |
| Income taxes | 67/77 | €11,645 | €15,722 | +€4,077 | +35.0% |
| Profit (loss) for the period | 9904 | €27,256 | €49,718 | +€22,462 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,256 | €49,718 | +€22,462 | +82.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.