VERTIA: 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.
VERTIA
Largest movements
- Cash -€109,208
down €109,208 (-98.1%), from €111,367 to €2,159
mainly Trade debts (-€153,611) and Stocks and contracts (-€82,347)
- Stocks and contracts +€82,347
up €82,347 (+43.8%), from €187,906 to €270,253
- Trade debts -€153,611
down €153,611 (-75.7%), from €202,790 to €49,178
- Other debts +€88,803
new in 2025: €88,803
- Tax, wage and social debts +€29,338
up €29,338 (+56.2%), from €52,193 to €81,530
of which Remuneration and social security: +€32,162
- Profit (loss) carried forward +€6,051
up €6,051 (+12.4%), from €48,848 to €54,899
- Purchases and services -€113,117
down €113,117 (-15.5%), from €731,415 to €618,298
- Turnover -€81,755
down €81,755 (-10.3%), from €790,203 to €708,448
- Gross operating margin +€31,362
up €31,362 (+53.3%), from €58,788 to €90,150
- Staff costs +€28,762
up €28,762 (+54.1%), from €53,144 to €81,907
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 | €316,231 | €286,811 | -€29,420 | -9.3% |
| Current assets | 29/58 | €316,231 | €286,811 | -€29,420 | -9.3% |
| Stocks and contracts in progress | 3 | €187,906 | €270,253 | +€82,347 | +43.8% |
| Stocks | 30/36 | €187,906 | €270,253 | +€82,347 | +43.8% |
| Amounts receivable within one year | 40/41 | €16,958 | €14,400 | -€2,558 | -15.1% |
| Other amounts receivable | 41 | €16,958 | €14,400 | -€2,558 | -15.1% |
| Cash at bank and in hand | 54/58 | €111,367 | €2,159 | -€109,208 | -98.1% |
| Total equity and liabilities | 10/49 | €316,231 | €286,811 | -€29,420 | -9.3% |
| Equity | 10/15 | €61,248 | €67,299 | +€6,051 | +9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,848 | €54,899 | +€6,051 | +12.4% |
| Amounts payable | 17/49 | €254,983 | €219,512 | -€35,470 | -13.9% |
| Amounts payable within one year | 42/48 | €254,983 | €219,512 | -€35,470 | -13.9% |
| Trade debts | 44 | €202,790 | €49,178 | -€153,611 | -75.7% |
| Suppliers | 440/4 | €202,790 | €49,178 | -€153,611 | -75.7% |
| Taxes, remuneration and social security | 45 | €52,193 | €81,530 | +€29,338 | +56.2% |
| Taxes | 450/3 | €2,824 | - | -€2,824 | |
| Remuneration and social security | 454/9 | €49,369 | €81,530 | +€32,162 | +65.1% |
| Other amounts payable | 47/48 | - | €88,803 | +€88,803 | |
| Turnover | 70 | €790,203 | €708,448 | -€81,755 | -10.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €731,415 | €618,298 | -€113,117 | -15.5% |
| Remuneration, social security and pensions | 62 | €53,144 | €81,907 | +€28,762 | +54.1% |
| Other operating charges | 640/8 | €639 | €2,142 | +€1,503 | +235.4% |
| Gross operating margin | 9900 | €58,788 | €90,150 | +€31,362 | +53.3% |
| Operating profit (loss) | 9901 | €5,005 | €6,102 | +€1,097 | +21.9% |
| Financial charges | 65/66B | €34 | €51 | +€17 | +49.6% |
| Recurring financial charges | 65 | €34 | €51 | +€17 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €4,971 | €6,051 | +€1,080 | +21.7% |
| Profit (loss) for the period | 9904 | €4,971 | €6,051 | +€1,080 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,971 | €6,051 | +€1,080 | +21.7% |
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 7 October 2026 via checked.be.