VERTES SAISONS: 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.
VERTES SAISONS
Largest movements
- Cash +€72,348
up €72,348 (+44.7%), from €161,787 to €234,135
mainly Depreciation (+€43,500) and Other debts (+€42,942)
- Tangible fixed assets -€38,397
down €38,397 (-26.3%), from €146,225 to €107,828
of which Furniture and vehicles: -€25,852
- Receivables within one year +€5,734
up €5,734 (+85.4%), from €6,715 to €12,449
of which Trade receivables: +€9,154
- Stocks and contracts -€3,819
down €3,819 (-100.0%), from €3,819 to €0
- Other debts +€42,942
up €42,942 (+63.2%), from €67,909 to €110,851
- Debts after one year -€30,980
down €30,980 (-36.9%), from €83,943 to €52,963
- Trade debts +€21,439
up €21,439 (+315.7%), from €6,792 to €28,231
- Gross operating margin +€23,231
up €23,231 (+10.4%), from €223,201 to €246,432
- Financial charges +€10,132
up €10,132 (+25.3%), from €40,008 to €50,139
- Staff costs +€6,940
up €6,940 (+5.0%), from €139,614 to €146,554
- Depreciation +€4,584
up €4,584 (+11.8%), from €38,916 to €43,500
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 | €324,485 | €358,866 | +€34,381 | +10.6% |
| Fixed assets | 21/28 | €146,305 | €107,878 | -€38,427 | -26.3% |
| Intangible fixed assets | 21 | €29 | €0 | -€29 | -100.0% |
| Tangible fixed assets | 22/27 | €146,225 | €107,828 | -€38,397 | -26.3% |
| Land and buildings | 22 | €1,941 | €1,101 | -€840 | -43.3% |
| Plant, machinery and equipment | 23 | €21,674 | €14,681 | -€6,992 | -32.3% |
| Furniture and vehicles | 24 | €110,849 | €84,996 | -€25,852 | -23.3% |
| Other tangible fixed assets | 26 | €11,762 | €7,049 | -€4,713 | -40.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €178,181 | €250,988 | +€72,808 | +40.9% |
| Stocks and contracts in progress | 3 | €3,819 | €0 | -€3,819 | -100.0% |
| Stocks | 30/36 | €3,819 | €0 | -€3,819 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,715 | €12,449 | +€5,734 | +85.4% |
| Trade receivables | 40 | €2,733 | €11,887 | +€9,154 | +335.0% |
| Other amounts receivable | 41 | €3,982 | €562 | -€3,421 | -85.9% |
| Cash at bank and in hand | 54/58 | €161,787 | €234,135 | +€72,348 | +44.7% |
| Deferred charges and accrued income | 490/1 | €5,859 | €4,404 | -€1,455 | -24.8% |
| Total equity and liabilities | 10/49 | €324,485 | €358,866 | +€34,381 | +10.6% |
| Equity | 10/15 | €121,909 | €121,855 | -€54 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,099 | €61,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,099 | €61,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,210 | €42,156 | -€54 | -0.1% |
| Amounts payable | 17/49 | €202,577 | €237,012 | +€34,435 | +17.0% |
| Amounts payable after more than one year | 17 | €83,943 | €52,963 | -€30,980 | -36.9% |
| Financial debts | 170/4 | €83,943 | €52,963 | -€30,980 | -36.9% |
| Amounts payable within one year | 42/48 | €118,634 | €184,048 | +€65,414 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €30,099 | €30,980 | +€881 | +2.9% |
| Trade debts | 44 | €6,792 | €28,231 | +€21,439 | +315.7% |
| Suppliers | 440/4 | €6,792 | €28,231 | +€21,439 | +315.7% |
| Taxes, remuneration and social security | 45 | €13,834 | €13,987 | +€153 | +1.1% |
| Taxes | 450/3 | €400 | €2,586 | +€2,186 | +545.9% |
| Remuneration and social security | 454/9 | €13,434 | €11,401 | -€2,033 | -15.1% |
| Other amounts payable | 47/48 | €67,909 | €110,851 | +€42,942 | +63.2% |
| Remuneration, social security and pensions | 62 | €139,614 | €146,554 | +€6,940 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,916 | €43,500 | +€4,584 | +11.8% |
| Other operating charges | 640/8 | €3,603 | €3,026 | -€577 | -16.0% |
| Gross operating margin | 9900 | €223,201 | €246,432 | +€23,231 | +10.4% |
| Operating profit (loss) | 9901 | €41,068 | €53,353 | +€12,285 | +29.9% |
| Financial income | 75/76B | €396 | €13 | -€383 | -96.7% |
| Recurring financial income | 75 | €396 | €13 | -€383 | -96.7% |
| Financial charges | 65/66B | €40,008 | €50,139 | +€10,132 | +25.3% |
| Recurring financial charges | 65 | €40,008 | €50,139 | +€10,132 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €1,456 | €3,226 | +€1,770 | +121.6% |
| Income taxes | 67/77 | €251 | €2,447 | +€2,196 | +874.0% |
| Profit (loss) for the period | 9904 | €1,205 | €779 | -€426 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,205 | €779 | -€426 | -35.3% |
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.