Verticheese: 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.
Verticheese
Largest movements
- Cash +€38,488
up €38,488 (+249%), from €15,451 to €53,940
mainly Net result for the year (+€39,215) and Depreciation (+€1,889)
- Tangible fixed assets +€4,599
up €4,599 (+123%), from €3,733 to €8,332
of which Furniture and vehicles: +€3,887
- Receivables within one year -€774
down €774 (-8.3%), from €9,311 to €8,537
of which Other amounts receivable: -€1,574
- Profit (loss) carried forward +€39,215
up €39,215 (+155%), from €25,379 to €64,594
- Other debts +€1,800
up €1,800 (+280%), from €643 to €2,443
- Trade debts +€1,035
up €1,035, from €0 to €1,035
- Gross operating margin +€19,006
up €19,006 (+58.5%), from €32,470 to €51,475
- Taxes +€3,640
up €3,640 (+54.8%), from €6,636 to €10,276
- Depreciation +€1,488
up €1,488 (+371%), from €401 to €1,889
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 | €28,872 | €71,198 | +€42,326 | +147% |
| Fixed assets | 21/28 | €3,733 | €8,332 | +€4,599 | +123% |
| Tangible fixed assets | 22/27 | €3,733 | €8,332 | +€4,599 | +123% |
| Plant, machinery and equipment | 23 | €2,147 | €2,860 | +€713 | +33.2% |
| Furniture and vehicles | 24 | €1,585 | €5,472 | +€3,887 | +245% |
| Current assets | 29/58 | €25,139 | €62,866 | +€37,726 | +150% |
| Amounts receivable within one year | 40/41 | €9,311 | €8,537 | -€774 | -8.3% |
| Trade receivables | 40 | €7,700 | €8,500 | +€800 | +10.4% |
| Other amounts receivable | 41 | €1,611 | €37 | -€1,574 | -97.7% |
| Cash at bank and in hand | 54/58 | €15,451 | €53,940 | +€38,488 | +249% |
| Deferred charges and accrued income | 490/1 | €377 | €389 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €28,872 | €71,198 | +€42,326 | +147% |
| Equity | 10/15 | €27,779 | €66,994 | +€39,215 | +141% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,379 | €64,594 | +€39,215 | +155% |
| Amounts payable | 17/49 | €1,093 | €4,204 | +€3,111 | +285% |
| Amounts payable within one year | 42/48 | €1,093 | €4,204 | +€3,111 | +285% |
| Trade debts | 44 | €0 | €1,035 | +€1,035 | |
| Suppliers | 440/4 | €0 | €1,035 | +€1,035 | |
| Taxes, remuneration and social security | 45 | €450 | €726 | +€276 | +61.3% |
| Taxes | 450/3 | €450 | €726 | +€276 | +61.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €643 | €2,443 | +€1,800 | +280% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €1,889 | +€1,488 | +371% |
| Gross operating margin | 9900 | €32,470 | €51,475 | +€19,006 | +58.5% |
| Operating profit (loss) | 9901 | €32,069 | €49,586 | +€17,518 | +54.6% |
| Financial charges | 65/66B | €54 | €96 | +€42 | +78.1% |
| Recurring financial charges | 65 | €54 | €96 | +€42 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €32,015 | €49,491 | +€17,476 | +54.6% |
| Income taxes | 67/77 | €6,636 | €10,276 | +€3,640 | +54.8% |
| Profit (loss) for the period | 9904 | €25,379 | €39,215 | +€13,836 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,379 | €39,215 | +€13,836 | +54.5% |
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 17 October 2026 via checked.be.