VERTECHNICS: 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.
VERTECHNICS
Largest movements
- Cash -€11,163
no longer reported in 2025 (was €11,163)
mainly Contributions, distributions and other (-€10,000) and Other debts (-€8,778)
- Receivables within one year +€6,524
up €6,524 (+44.9%), from €14,519 to €21,043
of which Trade receivables: +€6,021
- Tangible fixed assets -€1,559
down €1,559 (-27.8%), from €5,600 to €4,041
of which Plant, machinery and equipment: -€961
- Deferred charges and accrued income +€552
up €552 (+14.3%), from €3,861 to €4,412
- Other debts -€8,778
down €8,778 (-60.7%), from €14,461 to €5,684
- Tax, wage and social debts +€4,446
new in 2025: €4,446
of which Remuneration and social security: +€2,398
- Profit (loss) carried forward +€2,576
up €2,576 (+22.6%), from €11,388 to €13,964
- Trade debts -€2,407
down €2,407 (-74.4%), from €3,233 to €826
- Accrued charges and deferred income -€1,209
no longer reported in 2025 (was €1,209)
- Financial charges -€470
down €470 (-13.8%), from €3,413 to €2,943
- Gross operating margin +€453
up €453 (+2.2%), from €20,905 to €21,357
- Other operating charges -€327
down €327 (-74.4%), from €439 to €112
- Taxes +€217
up €217 (+5.5%), from €3,952 to €4,170
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 | €35,987 | €30,341 | -€5,645 | -15.7% |
| Fixed assets | 21/28 | €5,600 | €4,041 | -€1,559 | -27.8% |
| Tangible fixed assets | 22/27 | €5,600 | €4,041 | -€1,559 | -27.8% |
| Plant, machinery and equipment | 23 | €2,415 | €1,454 | -€961 | -39.8% |
| Furniture and vehicles | 24 | €1,823 | €1,382 | -€441 | -24.2% |
| Other tangible fixed assets | 26 | €1,362 | €1,206 | -€157 | -11.5% |
| Current assets | 29/58 | €30,386 | €26,300 | -€4,087 | -13.4% |
| Stocks and contracts in progress | 3 | €844 | €844 | = | 0.0% |
| Stocks | 30/36 | €844 | €844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,519 | €21,043 | +€6,524 | +44.9% |
| Trade receivables | 40 | €13,649 | €19,670 | +€6,021 | +44.1% |
| Other amounts receivable | 41 | €870 | €1,373 | +€503 | +57.7% |
| Cash at bank and in hand | 54/58 | €11,163 | - | -€11,163 | |
| Deferred charges and accrued income | 490/1 | €3,861 | €4,412 | +€552 | +14.3% |
| Total equity and liabilities | 10/49 | €35,987 | €30,341 | -€5,645 | -15.7% |
| Equity | 10/15 | €14,388 | €16,964 | +€2,576 | +17.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,388 | €13,964 | +€2,576 | +22.6% |
| Amounts payable | 17/49 | €21,598 | €13,377 | -€8,221 | -38.1% |
| Amounts payable after more than one year | 17 | €345 | - | -€345 | |
| Financial debts | 170/4 | €345 | - | -€345 | |
| Amounts payable within one year | 42/48 | €20,044 | €13,377 | -€6,667 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €2,349 | €1,691 | -€658 | -28.0% |
| Financial debts | 43 | - | €730 | +€730 | |
| Credit institutions | 430/8 | - | €730 | +€730 | |
| Trade debts | 44 | €3,233 | €826 | -€2,407 | -74.4% |
| Suppliers | 440/4 | €3,233 | €826 | -€2,407 | -74.4% |
| Taxes, remuneration and social security | 45 | - | €4,446 | +€4,446 | |
| Taxes | 450/3 | - | €2,048 | +€2,048 | |
| Remuneration and social security | 454/9 | - | €2,398 | +€2,398 | |
| Other amounts payable | 47/48 | €14,461 | €5,684 | -€8,778 | -60.7% |
| Accrued charges and deferred income | 492/3 | €1,209 | - | -€1,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,715 | €1,559 | -€157 | -9.1% |
| Other operating charges | 640/8 | €439 | €112 | -€327 | -74.4% |
| Gross operating margin | 9900 | €20,905 | €21,357 | +€453 | +2.2% |
| Operating profit (loss) | 9901 | €18,750 | €19,686 | +€936 | +5.0% |
| Financial income | 75/76B | €4 | €2 | -€2 | -48.0% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -48.0% |
| Financial charges | 65/66B | €3,413 | €2,943 | -€470 | -13.8% |
| Recurring financial charges | 65 | €3,413 | €2,943 | -€470 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €15,341 | €16,746 | +€1,405 | +9.2% |
| Income taxes | 67/77 | €3,952 | €4,170 | +€217 | +5.5% |
| Profit (loss) for the period | 9904 | €11,388 | €12,576 | +€1,188 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,388 | €12,576 | +€1,188 | +10.4% |
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 8 October 2026 via checked.be.