Verti-GO System: 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.
Verti-GO System
Largest movements
- Receivables within one year +€149,372
up €149,372 (+35.2%), from €423,928 to €573,300
of which Trade receivables: +€133,021
- Cash -€133,593
down €133,593 (-96.1%), from €138,956 to €5,363
mainly Investment in fixed assets (net) (-€153,045) and Receivables within one year (-€149,372)
- Tangible fixed assets +€122,098
up €122,098 (+499.7%), from €24,435 to €146,533
of which Plant, machinery and equipment: +€115,919
- Profit (loss) carried forward +€64,784
up €64,784, from -€51,556 to €13,228
- Tax, wage and social debts +€58,111
up €58,111 (+19.6%), from €296,697 to €354,808
of which Taxes: +€51,152
- Trade debts +€13,937
up €13,937 (+3.7%), from €377,090 to €391,027
of which Suppliers: +€13,937
- Gross operating margin +€148,800
up €148,800 (+17.6%), from €844,504 to €993,304
- Staff costs +€64,866
up €64,866 (+8.9%), from €732,331 to €797,197
- Other operating charges -€47,935
down €47,935 (-73.6%), from €65,092 to €17,157
- Depreciation +€21,024
up €21,024 (+211.9%), from €9,923 to €30,947
- Taxes +€18,669
up €18,669 (+270.5%), from €6,901 to €25,570
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 | €638,991 | €778,601 | +€139,610 | +21.8% |
| Fixed assets | 21/28 | €25,335 | €147,433 | +€122,098 | +481.9% |
| Tangible fixed assets | 22/27 | €24,435 | €146,533 | +€122,098 | +499.7% |
| Plant, machinery and equipment | 23 | €10,144 | €126,063 | +€115,919 | +1142.8% |
| Furniture and vehicles | 24 | €14,291 | €20,470 | +€6,179 | +43.2% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €613,656 | €631,168 | +€17,512 | +2.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €423,928 | €573,300 | +€149,372 | +35.2% |
| Trade receivables | 40 | €415,893 | €548,913 | +€133,021 | +32.0% |
| Other amounts receivable | 41 | €8,036 | €24,387 | +€16,351 | +203.5% |
| Cash at bank and in hand | 54/58 | €138,956 | €5,363 | -€133,593 | -96.1% |
| Deferred charges and accrued income | 490/1 | €772 | €2,504 | +€1,733 | +224.5% |
| Total equity and liabilities | 10/49 | €638,991 | €778,601 | +€139,610 | +21.8% |
| Equity | 10/15 | -€34,796 | €29,988 | +€64,784 | |
| Contributions | 10/11 | €14,900 | €14,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,556 | €13,228 | +€64,784 | |
| Amounts payable | 17/49 | €673,787 | €748,613 | +€74,826 | +11.1% |
| Amounts payable within one year | 42/48 | €673,787 | €748,613 | +€74,826 | +11.1% |
| Trade debts | 44 | €377,090 | €391,027 | +€13,937 | +3.7% |
| Suppliers | 440/4 | €370,470 | €384,407 | +€13,937 | +3.8% |
| Bills of exchange payable | 441 | €6,620 | €6,620 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €296,697 | €354,808 | +€58,111 | +19.6% |
| Taxes | 450/3 | €109,469 | €160,621 | +€51,152 | +46.7% |
| Remuneration and social security | 454/9 | €187,228 | €194,187 | +€6,959 | +3.7% |
| Other amounts payable | 47/48 | - | €2,778 | +€2,778 | |
| Remuneration, social security and pensions | 62 | €732,331 | €797,197 | +€64,866 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,923 | €30,947 | +€21,024 | +211.9% |
| Other operating charges | 640/8 | €65,092 | €17,157 | -€47,935 | -73.6% |
| Gross operating margin | 9900 | €844,504 | €993,304 | +€148,800 | +17.6% |
| Operating profit (loss) | 9901 | €37,158 | €148,003 | +€110,845 | +298.3% |
| Financial income | 75/76B | €34 | €5 | -€29 | -84.1% |
| Recurring financial income | 75 | €34 | €5 | -€29 | -84.1% |
| Financial charges | 65/66B | €2,518 | €7,654 | +€5,136 | +203.9% |
| Recurring financial charges | 65 | €2,518 | €7,654 | +€5,136 | +203.9% |
| Profit (loss) for the period before taxes | 9903 | €34,674 | €140,354 | +€105,681 | +304.8% |
| Income taxes | 67/77 | €6,901 | €25,570 | +€18,669 | +270.5% |
| Profit (loss) for the period | 9904 | €27,772 | €114,784 | +€87,012 | +313.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,772 | €114,784 | +€87,012 | +313.3% |
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 6 October 2026 via checked.be.