Vertice: what changed
What changed
Vertice
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.1m+€129,888
Equity
€3.0m
2024 · €1.8m+€1.2m
Cash
€56,764
2024 · €27,462+€29,302
Balance sheet total
€7.7m
2024 · €7.7m+€31,808
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+77.8%), from €1.6m to €2.9m
- Debts after one year -€1.2m
down €1.2m (-21.0%), from €5.9m to €4.6m
Income statement
- Financial income +€117,548
up €117,548 (+10.5%), from €1.1m to €1.2m
- Gross operating margin +€50,420
up €50,420 (+29.7%), from €169,604 to €220,025
- Staff costs +€42,898
up €42,898 (+28.0%), from €153,152 to €196,049
- Financial charges -€8,601
down €8,601 (-99.7%), from €8,631 to €30
- Taxes +€3,170
up €3,170 (+84.6%), from €3,745 to €6,915
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
+€50,420
Staff costs
-€42,898
Other operating charges
-€613
Financial income
+€117,548
Financial charges
+€8,601
Taxes
-€3,170
Result 2025
€1.2m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
€0
Financing
-€1.2m
Cash 2024
€27,462
From operations (derived)
+€1.3m
Net result for the year
+€1.2m
Smaller working-capital items
-€5,134
Tax, wage and social debts
+€18,603
Financing
-€1.2m
Debts after one year
-€1.2m
Cash 2025
€56,764
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,650,659 | €7,682,467 | +€31,808 | +0.4% |
| Fixed assets | 21/28 | €7,590,718 | €7,590,718 | = | 0.0% |
| Financial fixed assets | 28 | €7,590,718 | €7,590,718 | = | 0.0% |
| Current assets | 29/58 | €59,941 | €91,749 | +€31,808 | +53.1% |
| Amounts receivable within one year | 40/41 | €32,479 | €34,318 | +€1,839 | +5.7% |
| Trade receivables | 40 | €32,479 | €34,318 | +€1,839 | +5.7% |
| Cash at bank and in hand | 54/58 | €27,462 | €56,764 | +€29,302 | +107% |
| Deferred charges and accrued income | 490/1 | - | €667 | +€667 | |
| Total equity and liabilities | 10/49 | €7,650,659 | €7,682,467 | +€31,808 | +0.4% |
| Equity | 10/15 | €1,756,723 | €3,006,307 | +€1.2m | +71.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,606,723 | €2,856,307 | +€1.2m | +77.8% |
| Distributable reserves | 133 | €1,606,723 | €2,856,307 | +€1.2m | +77.8% |
| Amounts payable | 17/49 | €5,893,936 | €4,676,160 | -€1.2m | -20.7% |
| Amounts payable after more than one year | 17 | €5,873,729 | €4,639,979 | -€1.2m | -21.0% |
| Financial debts | 170/4 | €5,873,729 | €4,639,979 | -€1.2m | -21.0% |
| Amounts payable within one year | 42/48 | €20,207 | €36,181 | +€15,974 | +79.1% |
| Trade debts | 44 | €6,498 | €3,869 | -€2,629 | -40.5% |
| Suppliers | 440/4 | €6,498 | €3,869 | -€2,629 | -40.5% |
| Taxes, remuneration and social security | 45 | €13,709 | €32,312 | +€18,603 | +136% |
| Taxes | 450/3 | €13,709 | €23,440 | +€9,731 | +71.0% |
| Remuneration and social security | 454/9 | - | €8,872 | +€8,872 | |
| Remuneration, social security and pensions | 62 | €153,152 | €196,049 | +€42,898 | +28.0% |
| Other operating charges | 640/8 | €584 | €1,197 | +€613 | +105% |
| Gross operating margin | 9900 | €169,604 | €220,025 | +€50,420 | +29.7% |
| Operating profit (loss) | 9901 | €15,869 | €22,779 | +€6,910 | +43.5% |
| Financial income | 75/76B | €1,116,202 | €1,233,750 | +€117,548 | +10.5% |
| Recurring financial income | 75 | €1,116,202 | €1,233,750 | +€117,548 | +10.5% |
| Financial charges | 65/66B | €8,631 | €30 | -€8,601 | -99.7% |
| Recurring financial charges | 65 | €8,631 | €30 | -€8,601 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €1,123,441 | €1,256,499 | +€133,058 | +11.8% |
| Income taxes | 67/77 | €3,745 | €6,915 | +€3,170 | +84.6% |
| Profit (loss) for the period | 9904 | €1,119,696 | €1,249,584 | +€129,888 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,119,696 | €1,249,584 | +€129,888 | +11.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.