Vertiberry: 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.
Vertiberry
Largest movements
- Receivables within one year +€707,316
up €707,316 (+105%), from €676,203 to €1.4m
of which Other amounts receivable: +€747,319
- Cash -€431,682
down €431,682 (-95.3%), from €453,201 to €21,519
mainly Short-term financial debts (-€1.0m) and Receivables within one year (-€707,316)
- Tangible fixed assets +€19,921
up €19,921 (+6.2%), from €321,667 to €341,588
of which Plant, machinery and equipment: +€22,348
- Contributions +€1.9m
up €1.9m (+90.1%), from €2.1m to €4.0m
- Short-term financial debts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Profit (loss) carried forward -€429,817
down €429,817 (-22.8%), from -€1.9m to -€2.3m
- Other debts -€99,575
down €99,575 (-98.0%), from €101,564 to €1,989
- Gross operating margin +€93,780
up €93,780 (+39.8%), from -€235,337 to -€141,558
- Financial charges +€47,852
up €47,852 (+289%), from €16,557 to €64,409
- Financial income +€40,131
up €40,131 (+198%), from €20,231 to €60,362
- Depreciation +€18,389
up €18,389 (+27.1%), from €67,775 to €86,164
- Other operating charges +€16,436
up €16,436 (+10,399%), from €158 to €16,594
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 | €1,460,280 | €1,754,651 | +€294,372 | +20.2% |
| Fixed assets | 21/28 | €329,128 | €349,024 | +€19,896 | +6.0% |
| Tangible fixed assets | 22/27 | €321,667 | €341,588 | +€19,921 | +6.2% |
| Plant, machinery and equipment | 23 | €312,471 | €334,819 | +€22,348 | +7.2% |
| Furniture and vehicles | 24 | €2,880 | €1,675 | -€1,205 | -41.8% |
| Other tangible fixed assets | 26 | €6,317 | €5,094 | -€1,222 | -19.4% |
| Financial fixed assets | 28 | €7,461 | €7,436 | -€25 | -0.3% |
| Current assets | 29/58 | €1,131,152 | €1,405,628 | +€274,476 | +24.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €676,203 | €1,383,520 | +€707,316 | +105% |
| Trade receivables | 40 | €40,002 | €0 | -€40,002 | -100% |
| Other amounts receivable | 41 | €636,201 | €1,383,520 | +€747,319 | +117% |
| Cash at bank and in hand | 54/58 | €453,201 | €21,519 | -€431,682 | -95.3% |
| Deferred charges and accrued income | 490/1 | €1,748 | €589 | -€1,159 | -66.3% |
| Total equity and liabilities | 10/49 | €1,460,280 | €1,754,651 | +€294,372 | +20.2% |
| Equity | 10/15 | €215,629 | €1,668,815 | +€1.5m | +674% |
| Contributions | 10/11 | €2,092,976 | €3,979,691 | +€1.9m | +90.1% |
| Profit (loss) carried forward | 14 | -€1,888,416 | -€2,318,233 | -€429,817 | -22.8% |
| Investment grants | 15 | €11,069 | €7,357 | -€3,712 | -33.5% |
| Amounts payable | 17/49 | €1,244,651 | €85,837 | -€1.2m | -93.1% |
| Amounts payable within one year | 42/48 | €1,244,651 | €85,837 | -€1.2m | -93.1% |
| Financial debts | 43 | €1,044,854 | €0 | -€1.0m | -100% |
| Other loans | 439 | €1,044,854 | €0 | -€1.0m | -100% |
| Trade debts | 44 | €71,080 | €54,204 | -€16,876 | -23.7% |
| Suppliers | 440/4 | €71,080 | €54,204 | -€16,876 | -23.7% |
| Taxes, remuneration and social security | 45 | €27,151 | €29,643 | +€2,492 | +9.2% |
| Taxes | 450/3 | €1,491 | €9,596 | +€8,105 | +544% |
| Remuneration and social security | 454/9 | €25,661 | €20,047 | -€5,613 | -21.9% |
| Other amounts payable | 47/48 | €101,564 | €1,989 | -€99,575 | -98.0% |
| Remuneration, social security and pensions | 62 | €153,414 | €157,034 | +€3,620 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,775 | €86,164 | +€18,389 | +27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €158 | €16,594 | +€16,436 | +10,399% |
| Non-recurring operating charges | 66A | €0 | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | -€235,337 | -€141,558 | +€93,780 | +39.8% |
| Operating profit (loss) | 9901 | -€456,684 | -€426,350 | +€30,335 | +6.6% |
| Financial income | 75/76B | €20,231 | €60,362 | +€40,131 | +198% |
| Recurring financial income | 75 | €20,231 | €60,362 | +€40,131 | +198% |
| Financial charges | 65/66B | €16,557 | €64,409 | +€47,852 | +289% |
| Recurring financial charges | 65 | €16,557 | €64,409 | +€47,852 | +289% |
| Profit (loss) for the period before taxes | 9903 | -€453,011 | -€430,397 | +€22,614 | +5.0% |
| Income taxes | 67/77 | €580 | -€580 | -€1,160 | |
| Profit (loss) for the period | 9904 | -€453,590 | -€429,817 | +€23,773 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€453,590 | -€429,817 | +€23,773 | +5.2% |
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 21 October 2026 via checked.be.