Vertical Barre: 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.
Vertical Barre
Largest movements
- Tangible fixed assets -€12,806
down €12,806 (-68.2%), from €18,770 to €5,964
of which Land and buildings: -€11,063
- Cash +€4,294
up €4,294 (+172.5%), from €2,490 to €6,784
mainly Other debts (+€16,096) and Depreciation (+€12,806)
- Deferred charges and accrued income -€1,165
no longer reported in 2025 (was €1,165)
- Other debts +€16,096
up €16,096 (+46.0%), from €35,007 to €51,102
- Debts after one year -€14,781
no longer reported in 2025 (was €14,781)
- Current portion of long-term debt -€10,217
down €10,217 (-40.9%), from €24,998 to €14,781
- Profit (loss) carried forward -€4,093
down €4,093 (-5.5%), from -€74,098 to -€78,191
- Tax, wage and social debts +€3,411
up €3,411 (+131.1%), from €2,602 to €6,013
of which Remuneration and social security: +€3,976
- Gross operating margin -€10,221
down €10,221 (-18.8%), from €54,324 to €44,103
- Staff costs -€9,066
down €9,066 (-21.1%), from €42,888 to €33,822
- Financial charges -€2,221
down €2,221 (-51.3%), from €4,325 to €2,104
of which Financial charges: -€2,221
- Taxes -€1,368
no longer reported in 2025 (was €1,368)
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 | €26,524 | €17,028 | -€9,495 | -35.8% |
| Fixed assets | 21/28 | €22,844 | €10,031 | -€12,813 | -56.1% |
| Tangible fixed assets | 22/27 | €18,770 | €5,964 | -€12,806 | -68.2% |
| Land and buildings | 22 | €16,425 | €5,361 | -€11,063 | -67.4% |
| Plant, machinery and equipment | 23 | €170 | €53 | -€117 | -68.8% |
| Furniture and vehicles | 24 | €2,175 | €550 | -€1,625 | -74.7% |
| Financial fixed assets | 28 | €4,074 | €4,067 | -€7 | -0.2% |
| Current assets | 29/58 | €3,680 | €6,997 | +€3,317 | +90.1% |
| Amounts receivable within one year | 40/41 | €25 | €213 | +€188 | +750.8% |
| Trade receivables | 40 | €25 | - | -€25 | |
| Other amounts receivable | 41 | €0 | €213 | +€213 | |
| Cash at bank and in hand | 54/58 | €2,490 | €6,784 | +€4,294 | +172.5% |
| Deferred charges and accrued income | 490/1 | €1,165 | - | -€1,165 | |
| Total equity and liabilities | 10/49 | €26,524 | €17,028 | -€9,495 | -35.8% |
| Equity | 10/15 | -€59,098 | -€63,191 | -€4,093 | -6.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,098 | -€78,191 | -€4,093 | -5.5% |
| Amounts payable | 17/49 | €85,622 | €80,219 | -€5,402 | -6.3% |
| Amounts payable after more than one year | 17 | €14,781 | - | -€14,781 | |
| Financial debts | 170/4 | €14,781 | - | -€14,781 | |
| Amounts payable within one year | 42/48 | €70,767 | €80,219 | +€9,453 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €24,998 | €14,781 | -€10,217 | -40.9% |
| Financial debts | 43 | - | €2,909 | +€2,909 | |
| Credit institutions | 430/8 | - | €2,909 | +€2,909 | |
| Trade debts | 44 | €8,160 | €5,413 | -€2,747 | -33.7% |
| Suppliers | 440/4 | €8,160 | €5,413 | -€2,747 | -33.7% |
| Taxes, remuneration and social security | 45 | €2,602 | €6,013 | +€3,411 | +131.1% |
| Taxes | 450/3 | €565 | €0 | -€565 | -100.0% |
| Remuneration and social security | 454/9 | €2,037 | €6,013 | +€3,976 | +195.2% |
| Other amounts payable | 47/48 | €35,007 | €51,102 | +€16,096 | +46.0% |
| Accrued charges and deferred income | 492/3 | €74 | - | -€74 | |
| Remuneration, social security and pensions | 62 | €42,888 | €33,822 | -€9,066 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €12,806 | = | 0.0% |
| Other operating charges | 640/8 | €779 | €595 | -€184 | -23.6% |
| Gross operating margin | 9900 | €54,324 | €44,103 | -€10,221 | -18.8% |
| Operating profit (loss) | 9901 | -€2,148 | -€3,119 | -€971 | -45.2% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €4,325 | €2,104 | -€2,221 | -51.3% |
| Recurring financial charges | 65 | €4,325 | €2,104 | -€2,221 | -51.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€6,459 | -€5,223 | +€1,236 | +19.1% |
| Income taxes | 67/77 | €1,368 | - | -€1,368 | |
| Profit (loss) for the period | 9904 | -€7,826 | -€5,223 | +€2,603 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,826 | -€5,223 | +€2,603 | +33.3% |
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 6 October 2026 via checked.be.