Vertie: 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.
Vertie
Largest movements
- Tangible fixed assets -€7,767
down €7,767 (-67.3%), from €11,548 to €3,781
- Receivables within one year +€6,248
up €6,248 (+63.4%), from €9,859 to €16,107
of which Trade receivables: +€6,503
- Cash +€1,107
up €1,107 (+202.5%), from €546 to €1,653
mainly Investment in fixed assets (net) (+€6,624) and Net result for the year (+€2,761)
- Deferred charges and accrued income +€463
up €463 (+42.5%), from €1,090 to €1,553
- Profit (loss) carried forward +€2,761
up €2,761 (+18.5%), from -€14,959 to -€12,199
- Tax, wage and social debts -€1,606
down €1,606 (-25.3%), from €6,352 to €4,746
of which Remuneration and social security: -€2,600
- Trade debts -€1,104
down €1,104 (-16.5%), from €6,675 to €5,570
- Gross operating margin +€14,186
up €14,186, from -€8,282 to €5,904
- Other operating charges -€450
down €450 (-36.4%), from €1,237 to €787
- Depreciation +€428
up €428 (+59.9%), from €715 to €1,143
- Financial charges +€232
up €232 (+28.3%), from €820 to €1,051
- Taxes -€159
down €159 (-56.8%), from €279 to €120
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 | €23,044 | €23,094 | +€50 | +0.2% |
| Fixed assets | 21/28 | €11,548 | €3,781 | -€7,767 | -67.3% |
| Tangible fixed assets | 22/27 | €11,548 | €3,781 | -€7,767 | -67.3% |
| Furniture and vehicles | 24 | €11,548 | €3,781 | -€7,767 | -67.3% |
| Current assets | 29/58 | €11,496 | €19,314 | +€7,818 | +68.0% |
| Amounts receivable within one year | 40/41 | €9,859 | €16,107 | +€6,248 | +63.4% |
| Trade receivables | 40 | €160 | €6,664 | +€6,503 | +4062.1% |
| Other amounts receivable | 41 | €9,699 | €9,444 | -€256 | -2.6% |
| Cash at bank and in hand | 54/58 | €546 | €1,653 | +€1,107 | +202.5% |
| Deferred charges and accrued income | 490/1 | €1,090 | €1,553 | +€463 | +42.5% |
| Total equity and liabilities | 10/49 | €23,044 | €23,094 | +€50 | +0.2% |
| Equity | 10/15 | €10,017 | €12,778 | +€2,761 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,376 | €6,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,376 | €6,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,959 | -€12,199 | +€2,761 | +18.5% |
| Amounts payable | 17/49 | €13,027 | €10,316 | -€2,710 | -20.8% |
| Amounts payable within one year | 42/48 | €13,027 | €10,316 | -€2,710 | -20.8% |
| Trade debts | 44 | €6,675 | €5,570 | -€1,104 | -16.5% |
| Suppliers | 440/4 | €6,675 | €5,570 | -€1,104 | -16.5% |
| Taxes, remuneration and social security | 45 | €6,352 | €4,746 | -€1,606 | -25.3% |
| Taxes | 450/3 | €3,752 | €4,746 | +€994 | +26.5% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €1,143 | +€428 | +59.9% |
| Other operating charges | 640/8 | €1,237 | €787 | -€450 | -36.4% |
| Non-recurring operating charges | 66A | - | €543 | +€543 | |
| Gross operating margin | 9900 | -€8,282 | €5,904 | +€14,186 | |
| Operating profit (loss) | 9901 | -€10,234 | €3,431 | +€13,665 | |
| Financial income | 75/76B | €530 | €501 | -€28 | -5.3% |
| Recurring financial income | 75 | €530 | €501 | -€28 | -5.3% |
| Financial charges | 65/66B | €820 | €1,051 | +€232 | +28.3% |
| Recurring financial charges | 65 | €820 | €1,051 | +€232 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,524 | €2,881 | +€13,405 | |
| Income taxes | 67/77 | €279 | €120 | -€159 | -56.8% |
| Profit (loss) for the period | 9904 | -€10,803 | €2,761 | +€13,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,803 | €2,761 | +€13,563 |
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 12 October 2026 via checked.be.