VERTELPUNT: 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.
VERTELPUNT
Largest movements
- Receivables within one year -€2,754
down €2,754 (-33.3%), from €8,264 to €5,510
of which Trade receivables: -€1,758
- Deferred charges and accrued income -€1,081
down €1,081 (-22.3%), from €4,842 to €3,761
- Intangible fixed assets -€348
down €348 (-100%), from €348 to €0
- Short-term financial debts -€3,460
no longer reported in 2025 (was €3,460)
- Trade debts -€2,872
down €2,872 (-69.6%), from €4,126 to €1,254
- Tax, wage and social debts +€2,388
up €2,388 (+240%), from €995 to €3,384
of which Remuneration and social security: +€1,400
- Accrued charges and deferred income -€205
no longer reported in 2025 (was €205)
- Gross operating margin -€5,211
down €5,211 (-65.3%), from €7,975 to €2,764
- Depreciation -€1,114
no longer reported in 2025 (was €1,114)
- Taxes -€820
down €820 (-56.8%), from €1,443 to €624
- Other operating charges -€587
down €587 (-46.0%), from €1,276 to €690
- Financial charges -€417
down €417 (-28.2%), from €1,479 to €1,062
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,338 | €12,232 | -€4,106 | -25.1% |
| Fixed assets | 21/28 | €348 | €0 | -€348 | -100% |
| Intangible fixed assets | 21 | €348 | €0 | -€348 | -100% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €15,990 | €12,232 | -€3,758 | -23.5% |
| Amounts receivable within one year | 40/41 | €8,264 | €5,510 | -€2,754 | -33.3% |
| Trade receivables | 40 | €6,268 | €4,510 | -€1,758 | -28.0% |
| Other amounts receivable | 41 | €1,996 | €1,000 | -€996 | -49.9% |
| Cash at bank and in hand | 54/58 | €2,885 | €2,962 | +€77 | +2.7% |
| Deferred charges and accrued income | 490/1 | €4,842 | €3,761 | -€1,081 | -22.3% |
| Total equity and liabilities | 10/49 | €16,338 | €12,232 | -€4,106 | -25.1% |
| Equity | 10/15 | €7,553 | €7,595 | +€41 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,447 | -€14,405 | +€41 | +0.3% |
| Amounts payable | 17/49 | €8,785 | €4,638 | -€4,148 | -47.2% |
| Amounts payable within one year | 42/48 | €8,581 | €4,638 | -€3,943 | -46.0% |
| Financial debts | 43 | €3,460 | - | -€3,460 | |
| Other loans | 439 | €3,460 | - | -€3,460 | |
| Trade debts | 44 | €4,126 | €1,254 | -€2,872 | -69.6% |
| Suppliers | 440/4 | €4,126 | €1,254 | -€2,872 | -69.6% |
| Taxes, remuneration and social security | 45 | €995 | €3,384 | +€2,388 | +240% |
| Taxes | 450/3 | €995 | €1,984 | +€988 | +99.3% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Accrued charges and deferred income | 492/3 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,114 | - | -€1,114 | |
| Other operating charges | 640/8 | €1,276 | €690 | -€587 | -46.0% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €7,975 | €2,764 | -€5,211 | -65.3% |
| Operating profit (loss) | 9901 | €5,585 | €1,727 | -€3,858 | -69.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,479 | €1,062 | -€417 | -28.2% |
| Recurring financial charges | 65 | €1,479 | €1,062 | -€417 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €4,106 | €665 | -€3,441 | -83.8% |
| Income taxes | 67/77 | €1,443 | €624 | -€820 | -56.8% |
| Profit (loss) for the period | 9904 | €2,662 | €41 | -€2,621 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,662 | €41 | -€2,621 | -98.4% |
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 21 October 2026 via checked.be.