VERTHIROT: 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.
VERTHIROT
Largest movements
- Tangible fixed assets +€17,143
up €17,143 (+7.5%), from €229,202 to €246,346
of which Land and buildings: +€20,635
- Receivables after one year -€16,683
down €16,683 (-11.3%), from €147,867 to €131,184
- Intangible fixed assets +€12,458
up €12,458 (+84.5%), from €14,737 to €27,195
- Receivables within one year -€12,363
down €12,363 (-47.1%), from €26,244 to €13,881
- Tax, wage and social debts +€14,418
up €14,418 (+92.6%), from €15,574 to €29,993
- Debts after one year -€5,336
down €5,336 (-1.6%), from €334,171 to €328,835
of which Financial debts: -€15,336
- Other operating charges -€23,518
down €23,518 (-88.8%), from €26,497 to €2,978
- Depreciation +€3,144
up €3,144 (+15.8%), from €19,835 to €22,978
- Gross operating margin +€1,615
up €1,615 (+4.8%), from €33,447 to €35,062
- Financial income -€902
down €902 (-17.0%), from €5,305 to €4,403
- Financial charges +€542
up €542 (+3.4%), from €15,822 to €16,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,896 | €423,656 | +€4,760 | +1.1% |
| Fixed assets | 21/28 | €243,991 | €273,593 | +€29,602 | +12.1% |
| Intangible fixed assets | 21 | €14,737 | €27,195 | +€12,458 | +84.5% |
| Tangible fixed assets | 22/27 | €229,202 | €246,346 | +€17,143 | +7.5% |
| Land and buildings | 22 | €199,542 | €220,177 | +€20,635 | +10.3% |
| Plant, machinery and equipment | 23 | €9,947 | €9,253 | -€694 | -7.0% |
| Furniture and vehicles | 24 | €19,713 | €16,916 | -€2,798 | -14.2% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €174,905 | €150,063 | -€24,841 | -14.2% |
| Amounts receivable after more than one year | 29 | €147,867 | €131,184 | -€16,683 | -11.3% |
| Other amounts receivable | 291 | €147,867 | €131,184 | -€16,683 | -11.3% |
| Amounts receivable within one year | 40/41 | €26,244 | €13,881 | -€12,363 | -47.1% |
| Trade receivables | 40 | €26,244 | €13,881 | -€12,363 | -47.1% |
| Cash at bank and in hand | 54/58 | €68 | €3,924 | +€3,857 | +5705.8% |
| Deferred charges and accrued income | 490/1 | €727 | €1,074 | +€348 | +47.8% |
| Total equity and liabilities | 10/49 | €418,896 | €423,656 | +€4,760 | +1.1% |
| Equity | 10/15 | €36,599 | €33,745 | -€2,855 | -7.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,401 | -€26,255 | -€2,855 | -12.2% |
| Amounts payable | 17/49 | €382,297 | €389,911 | +€7,615 | +2.0% |
| Amounts payable after more than one year | 17 | €334,171 | €328,835 | -€5,336 | -1.6% |
| Financial debts | 170/4 | €334,171 | €318,835 | -€15,336 | -4.6% |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €46,149 | €59,663 | +€13,514 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €20,290 | €21,219 | +€928 | +4.6% |
| Trade debts | 44 | €6,865 | €8,452 | +€1,587 | +23.1% |
| Suppliers | 440/4 | €6,865 | €8,452 | +€1,587 | +23.1% |
| Taxes, remuneration and social security | 45 | €15,574 | €29,993 | +€14,418 | +92.6% |
| Remuneration and social security | 454/9 | €15,574 | €29,993 | +€14,418 | +92.6% |
| Other amounts payable | 47/48 | €3,419 | - | -€3,419 | |
| Accrued charges and deferred income | 492/3 | €1,977 | €1,413 | -€564 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,835 | €22,978 | +€3,144 | +15.8% |
| Other operating charges | 640/8 | €26,497 | €2,978 | -€23,518 | -88.8% |
| Gross operating margin | 9900 | €33,447 | €35,062 | +€1,615 | +4.8% |
| Operating profit (loss) | 9901 | -€12,884 | €9,105 | +€21,990 | |
| Financial income | 75/76B | €5,305 | €4,403 | -€902 | -17.0% |
| Recurring financial income | 75 | €5,305 | €4,403 | -€902 | -17.0% |
| Financial charges | 65/66B | €15,822 | €16,363 | +€542 | +3.4% |
| Recurring financial charges | 65 | €15,822 | €16,363 | +€542 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,401 | -€2,855 | +€20,546 | +87.8% |
| Profit (loss) for the period | 9904 | -€23,401 | -€2,855 | +€20,546 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,401 | -€2,855 | +€20,546 | +87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.