VERTEX Engineering: 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.
VERTEX Engineering
Largest movements
- Receivables within one year +€1,890
up €1,890 (+251%), from €753 to €2,643
of which Trade receivables: +€2,605
- Cash +€573
up €573 (+9.4%), from €6,087 to €6,661
mainly Net result for the year (+€3,154) and Tax, wage and social debts (+€326)
- Formation expenses -€224
down €224 (-25.0%), from €896 to €672
- Profit (loss) carried forward +€3,154
up €3,154 (+90.0%), from -€3,505 to -€350
- Trade debts -€1,241
down €1,241 (-100%), from €1,241 to €0
- Tax, wage and social debts +€326
new in 2025: €326
- Gross operating margin +€6,786
up €6,786, from -€2,808 to €3,979
- Financial charges +€115
up €115 (+134%), from €86 to €200
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 | €7,737 | €9,976 | +€2,239 | +28.9% |
| Formation expenses | 20 | €896 | €672 | -€224 | -25.0% |
| Current assets | 29/58 | €6,841 | €9,304 | +€2,463 | +36.0% |
| Amounts receivable within one year | 40/41 | €753 | €2,643 | +€1,890 | +251% |
| Trade receivables | 40 | - | €2,605 | +€2,605 | |
| Other amounts receivable | 41 | €753 | €38 | -€716 | -95.0% |
| Cash at bank and in hand | 54/58 | €6,087 | €6,661 | +€573 | +9.4% |
| Total equity and liabilities | 10/49 | €7,737 | €9,976 | +€2,239 | +28.9% |
| Equity | 10/15 | €6,495 | €9,650 | +€3,154 | +48.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,505 | -€350 | +€3,154 | +90.0% |
| Amounts payable | 17/49 | €1,241 | €326 | -€915 | -73.7% |
| Amounts payable within one year | 42/48 | €1,241 | €326 | -€915 | -73.7% |
| Trade debts | 44 | €1,241 | €0 | -€1,241 | -100% |
| Suppliers | 440/4 | €1,241 | €0 | -€1,241 | -100% |
| Taxes, remuneration and social security | 45 | - | €326 | +€326 | |
| Taxes | 450/3 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €224 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,808 | €3,979 | +€6,786 | |
| Operating profit (loss) | 9901 | -€3,419 | €3,355 | +€6,774 | |
| Financial charges | 65/66B | €86 | €200 | +€115 | +134% |
| Recurring financial charges | 65 | €86 | €200 | +€115 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€3,505 | €3,154 | +€6,659 | |
| Profit (loss) for the period | 9904 | -€3,505 | €3,154 | +€6,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,505 | €3,154 | +€6,659 |
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 15 October 2026 via checked.be.