VERTEXCO: 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
VERTEXCO
NACE 20.412, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.9m-€336,141
Equity
€7.4m
2024 · €6.7m+€622,704
Cash
€2.3m
2024 · €2.3m+€49,180
Balance sheet total
€15.5m
2024 · €15.1m+€468,642
Largest movements
Assets
- Current investments +€755,180
up €755,180, from €0 to €755,180
- Tangible fixed assets -€466,682
down €466,682 (-6.8%), from €6.8m to €6.4m
Equity and liabilities
- Trade debts +€571,708
up €571,708 (+50.7%), from €1.1m to €1.7m
- Profit (loss) carried forward +€401,127
up €401,127 (+6.4%), from €6.3m to €6.7m
- Debts after one year -€354,078
down €354,078 (-6.8%), from €5.2m to €4.8m
- Reserves +€221,578
up €221,578 (+67.1%), from €330,012 to €551,590
of which Tax-exempt reserves: +€221,578
Income statement
No income-statement line moved by more than 1% of the activity.
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
€1.9m
Turnover
-€3,160
Other operating income
+€9,690
Goods and materials
-€66,090
Services and other goods
-€191,847
Staff costs
-€28,243
Depreciation
-€198,977
Write-downs
+€50,193
Other operating charges
+€37,987
Other operating items
+€101,078
Financial income
-€5,409
Financial charges
-€156,495
Taxes
+€115,131
Result 2025
€1.5m
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
+€2.4m
Investment
-€979,675
Financing
-€1.4m
Cash 2024
€2.3m
From operations (derived)
+€2.4m
Net result for the year
+€1.5m
Depreciation
+€665,342
Smaller working-capital items
+€1,790
Stocks and contracts
-€136,583
Receivables within one year
+€29,262
Trade debts
+€571,708
Tax, wage and social debts
-€121,181
Other debts
-€127,026
Investment (derived)
-€979,675
Investment in fixed assets (net)
-€224,495
Current investments
-€755,180
Financing
-€1.4m
Debts after one year
-€354,078
Current portion of long-term debt
-€4,760
Short-term financial debts
-€118,324
Contributions, distributions and other
-€900,000
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,056,453 | €15,525,096 | +€468,642 | +3.1% |
| Fixed assets | 21/28 | €6,873,065 | €6,432,219 | -€440,846 | -6.4% |
| Intangible fixed assets | 21 | €32,916 | €58,752 | +€25,835 | +78.5% |
| Tangible fixed assets | 22/27 | €6,840,149 | €6,373,467 | -€466,682 | -6.8% |
| Plant, machinery and equipment | 23 | €1,929,305 | €1,707,606 | -€221,699 | -11.5% |
| Furniture and vehicles | 24 | €124,210 | €167,980 | +€43,769 | +35.2% |
| Leasing and similar rights | 25 | €3,951,015 | €3,730,326 | -€220,689 | -5.6% |
| Other tangible fixed assets | 26 | €835,619 | €767,556 | -€68,063 | -8.1% |
| Current assets | 29/58 | €8,183,388 | €9,092,877 | +€909,489 | +11.1% |
| Amounts receivable after more than one year | 29 | €140,330 | €138,315 | -€2,015 | -1.4% |
| Other amounts receivable | 291 | €140,330 | €138,315 | -€2,015 | -1.4% |
| Stocks and contracts in progress | 3 | €3,572,257 | €3,708,840 | +€136,583 | +3.8% |
| Stocks | 30/36 | €3,572,257 | €3,708,840 | +€136,583 | +3.8% |
| Raw materials and consumables | 30/31 | €1,842,913 | €2,159,015 | +€316,102 | +17.2% |
| Work in progress | 32 | €294 | €953 | +€659 | +224% |
| Finished goods | 33 | €674,455 | €701,993 | +€27,538 | +4.1% |
| Goods purchased for resale | 34 | €1,054,595 | €846,878 | -€207,716 | -19.7% |
| Amounts receivable within one year | 40/41 | €2,168,448 | €2,139,186 | -€29,262 | -1.3% |
| Trade receivables | 40 | €2,155,631 | €2,056,663 | -€98,967 | -4.6% |
| Other amounts receivable | 41 | €12,817 | €82,522 | +€69,705 | +544% |
| Current investments | 50/53 | €0 | €755,180 | +€755,180 | |
| Other investments | 51/53 | €0 | €755,180 | +€755,180 | |
| Cash at bank and in hand | 54/58 | €2,298,916 | €2,348,096 | +€49,180 | +2.1% |
| Deferred charges and accrued income | 490/1 | €3,438 | €3,260 | -€178 | -5.2% |
| Total equity and liabilities | 10/49 | €15,056,453 | €15,525,096 | +€468,642 | +3.1% |
| Equity | 10/15 | €6,732,228 | €7,354,933 | +€622,704 | +9.2% |
| Contributions | 10/11 | €135,150 | €135,150 | = | 0.0% |
| Capital | 10 | €135,150 | €135,150 | = | 0.0% |
| Issued capital | 100 | €135,150 | €135,150 | = | 0.0% |
| Reserves | 13 | €330,012 | €551,590 | +€221,578 | +67.1% |
| Non-distributable reserves | 130/1 | €13,515 | €13,515 | = | 0.0% |
| Legal reserve | 130 | €13,515 | €13,515 | = | 0.0% |
| Tax-exempt reserves | 132 | €246,362 | €467,940 | +€221,578 | +89.9% |
| Distributable reserves | 133 | €70,135 | €70,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,267,066 | €6,668,193 | +€401,127 | +6.4% |
| Amounts payable | 17/49 | €8,324,225 | €8,170,163 | -€154,062 | -1.9% |
| Amounts payable after more than one year | 17 | €5,189,647 | €4,835,570 | -€354,078 | -6.8% |
| Financial debts | 170/4 | €5,189,647 | €4,835,570 | -€354,078 | -6.8% |
| Leasing and similar obligations | 172 | €3,532,380 | €3,324,424 | -€207,956 | -5.9% |
| Credit institutions | 173 | €1,057,268 | €911,146 | -€146,121 | -13.8% |
| Other loans | 174 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,131,731 | €3,332,149 | +€200,418 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €358,837 | €354,078 | -€4,760 | -1.3% |
| Financial debts | 43 | €118,324 | €0 | -€118,324 | -100% |
| Credit institutions | 430/8 | €118,324 | €0 | -€118,324 | -100% |
| Trade debts | 44 | €1,126,553 | €1,698,262 | +€571,708 | +50.7% |
| Suppliers | 440/4 | €1,126,553 | €1,698,262 | +€571,708 | +50.7% |
| Taxes, remuneration and social security | 45 | €287,169 | €165,989 | -€121,181 | -42.2% |
| Taxes | 450/3 | €168,447 | €61,196 | -€107,251 | -63.7% |
| Remuneration and social security | 454/9 | €118,723 | €104,793 | -€13,930 | -11.7% |
| Other amounts payable | 47/48 | €1,240,847 | €1,113,821 | -€127,026 | -10.2% |
| Accrued charges and deferred income | 492/3 | €2,847 | €2,444 | -€403 | -14.1% |
| Operating income | 70/76A | €23,019,750 | €23,116,390 | +€96,640 | +0.4% |
| Turnover | 70 | €22,859,146 | €22,855,986 | -€3,160 | 0.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€52,475 | €28,197 | +€80,673 | |
| Other operating income | 74 | €213,079 | €222,769 | +€9,690 | +4.5% |
| Non-recurring operating income | 76A | €0 | €9,437 | +€9,437 | |
| Operating charges | 60/66A | €20,463,199 | €20,849,207 | +€386,008 | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €14,742,390 | €14,808,481 | +€66,090 | +0.4% |
| Purchases | 600/8 | €14,509,872 | €14,916,866 | +€406,994 | +2.8% |
| Change in stocks: decrease (increase) | 609 | €232,518 | -€108,386 | -€340,904 | |
| Services and other goods | 61 | €4,160,310 | €4,352,157 | +€191,847 | +4.6% |
| Remuneration, social security and pensions | 62 | €987,552 | €1,015,795 | +€28,243 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,365 | €665,342 | +€198,977 | +42.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,193 | €0 | -€50,193 | -100% |
| Other operating charges | 640/8 | €45,420 | €7,433 | -€37,987 | -83.6% |
| Non-recurring operating charges | 66A | €10,968 | €0 | -€10,968 | -100% |
| Operating profit (loss) | 9901 | €2,556,551 | €2,267,183 | -€289,368 | -11.3% |
| Financial income | 75/76B | €54,982 | €49,573 | -€5,409 | -9.8% |
| Recurring financial income | 75 | €54,982 | €49,573 | -€5,409 | -9.8% |
| Income from current assets | 751 | €1,144 | €11,946 | +€10,802 | +944% |
| Other financial income | 752/9 | €53,838 | €37,627 | -€16,211 | -30.1% |
| Financial charges | 65/66B | €274,269 | €430,764 | +€156,495 | +57.1% |
| Recurring financial charges | 65 | €274,269 | €430,764 | +€156,495 | +57.1% |
| Debt charges | 650 | €57,244 | €189,582 | +€132,338 | +231% |
| Other financial charges | 652/9 | €217,026 | €241,183 | +€24,157 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €2,337,264 | €1,885,992 | -€451,272 | -19.3% |
| Income taxes | 67/77 | €478,418 | €363,288 | -€115,131 | -24.1% |
| Taxes | 670/3 | €478,418 | €363,288 | -€115,131 | -24.1% |
| Profit (loss) for the period | 9904 | €1,858,846 | €1,522,704 | -€336,141 | -18.1% |
| Transfer from tax-exempt reserves | 789 | - | €16,626 | +€16,626 | |
| Transfer to tax-exempt reserves | 689 | €243,257 | €238,204 | -€5,053 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615,589 | €1,301,127 | -€314,463 | -19.5% |
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.