VERTICOO: 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.
VERTICOO
Largest movements
- Current investments -€56,615
down €56,615 (-4.8%), from €1.2m to €1.1m
- Cash -€20,796
down €20,796 (-81.6%), from €25,477 to €4,681
mainly Other debts (-€86,045) and Receivables within one year (-€1,367)
- Other debts -€86,045
down €86,045 (-93.8%), from €91,731 to €5,686
- Financial income -€164,652
down €164,652 (-88.6%), from €185,937 to €21,285
of which Non-recurring financial income: -€180,419
- Financial charges -€85,243
down €85,243 (-94.1%), from €90,551 to €5,308
of which Non-recurring financial charges: -€89,539
- Taxes -€9,589
down €9,589 (-67.7%), from €14,154 to €4,565
- Gross operating margin +€349
up €349 (+20.6%), from -€1,696 to -€1,347
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 | €1,196,317 | €1,120,273 | -€76,044 | -6.4% |
| Current assets | 29/58 | €1,196,317 | €1,120,273 | -€76,044 | -6.4% |
| Amounts receivable within one year | 40/41 | €1,461 | €2,828 | +€1,367 | +93.6% |
| Other amounts receivable | 41 | €1,461 | €2,828 | +€1,367 | +93.6% |
| Current investments | 50/53 | €1,169,379 | €1,112,764 | -€56,615 | -4.8% |
| Cash at bank and in hand | 54/58 | €25,477 | €4,681 | -€20,796 | -81.6% |
| Total equity and liabilities | 10/49 | €1,196,317 | €1,120,273 | -€76,044 | -6.4% |
| Equity | 10/15 | €1,056,720 | €1,066,785 | +€10,065 | +1.0% |
| Contributions | 10/11 | €129,443 | €129,443 | = | 0.0% |
| Reserves | 13 | €814,149 | €824,214 | +€10,065 | +1.2% |
| Non-distributable reserves | 130/1 | €21,820 | €21,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,820 | €21,820 | = | 0.0% |
| Distributable reserves | 133 | €792,329 | €802,394 | +€10,065 | +1.3% |
| Profit (loss) carried forward | 14 | €113,128 | €113,128 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,682 | €33,682 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,682 | €33,682 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,682 | €33,682 | = | 0.0% |
| Amounts payable | 17/49 | €105,915 | €19,806 | -€86,109 | -81.3% |
| Amounts payable within one year | 42/48 | €105,915 | €19,806 | -€86,109 | -81.3% |
| Trade debts | 44 | €30 | €28 | -€2 | -6.7% |
| Suppliers | 440/4 | €30 | €28 | -€2 | -6.7% |
| Taxes, remuneration and social security | 45 | €14,154 | €14,092 | -€62 | -0.4% |
| Taxes | 450/3 | €14,154 | €14,092 | -€62 | -0.4% |
| Other amounts payable | 47/48 | €91,731 | €5,686 | -€86,045 | -93.8% |
| Gross operating margin | 9900 | -€1,696 | -€1,347 | +€349 | +20.6% |
| Operating profit (loss) | 9901 | -€1,696 | -€1,347 | +€349 | +20.6% |
| Financial income | 75/76B | €185,937 | €21,285 | -€164,652 | -88.6% |
| Recurring financial income | 75 | €4,686 | €20,453 | +€15,767 | +336.5% |
| Non-recurring financial income | 76B | €181,251 | €832 | -€180,419 | -99.5% |
| Financial charges | 65/66B | €90,551 | €5,308 | -€85,243 | -94.1% |
| Recurring financial charges | 65 | €1,012 | €5,308 | +€4,296 | +424.5% |
| Non-recurring financial charges | 66B | €89,539 | - | -€89,539 | |
| Profit (loss) for the period before taxes | 9903 | €93,690 | €14,630 | -€79,060 | -84.4% |
| Income taxes | 67/77 | €14,154 | €4,565 | -€9,589 | -67.7% |
| Profit (loss) for the period | 9904 | €79,536 | €10,065 | -€69,471 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,536 | €10,065 | -€69,471 | -87.3% |
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 3 October 2026 via checked.be.