VERTIGE: 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.
VERTIGE
Largest movements
- Receivables within one year -€24,195
down €24,195 (-99.7%), from €24,266 to €71
of which Trade receivables: -€24,266
- Cash +€21,252
up €21,252 (+4,115%), from €517 to €21,769
mainly Receivables within one year (+€24,195) and Net result for the year (+€13,608)
- Deferred charges and accrued income -€6,346
down €6,346 (-99.0%), from €6,411 to €65
- Tangible fixed assets -€649
no longer reported in 2025 (was €649)
of which Furniture and vehicles: -€549
- Profit (loss) carried forward +€13,608
up €13,608 (+69.7%), from -€19,511 to -€5,902
- Tax, wage and social debts -€9,980
down €9,980 (-65.8%), from €15,168 to €5,189
- Trade debts -€8,550
down €8,550 (-53.0%), from €16,129 to €7,579
- Other debts -€5,137
down €5,137 (-42.4%), from €12,116 to €6,979
- Turnover -€127,368
down €127,368 (-99.9%), from €127,476 to €108
- Purchases and services -€72,679
down €72,679 (-68.7%), from €105,764 to €33,085
- Gross operating margin +€36,973
up €36,973, from -€21,711 to €15,262
- Depreciation -€1,336
no longer reported in 2025 (was €1,336)
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 | €31,963 | €21,905 | -€10,058 | -31.5% |
| Fixed assets | 21/28 | €769 | - | -€769 | |
| Tangible fixed assets | 22/27 | €649 | - | -€649 | |
| Plant, machinery and equipment | 23 | €100 | - | -€100 | |
| Furniture and vehicles | 24 | €549 | - | -€549 | |
| Financial fixed assets | 28 | €120 | - | -€120 | |
| Current assets | 29/58 | €31,193 | €21,905 | -€9,288 | -29.8% |
| Amounts receivable within one year | 40/41 | €24,266 | €71 | -€24,195 | -99.7% |
| Trade receivables | 40 | €24,266 | - | -€24,266 | |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €517 | €21,769 | +€21,252 | +4,115% |
| Deferred charges and accrued income | 490/1 | €6,411 | €65 | -€6,346 | -99.0% |
| Total equity and liabilities | 10/49 | €31,963 | €21,905 | -€10,058 | -31.5% |
| Equity | 10/15 | -€11,451 | €2,158 | +€13,608 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,511 | -€5,902 | +€13,608 | +69.7% |
| Amounts payable | 17/49 | €43,413 | €19,747 | -€23,666 | -54.5% |
| Amounts payable within one year | 42/48 | €43,413 | €19,747 | -€23,666 | -54.5% |
| Trade debts | 44 | €16,129 | €7,579 | -€8,550 | -53.0% |
| Suppliers | 440/4 | €16,129 | €7,579 | -€8,550 | -53.0% |
| Taxes, remuneration and social security | 45 | €15,168 | €5,189 | -€9,980 | -65.8% |
| Taxes | 450/3 | €15,168 | €5,189 | -€9,980 | -65.8% |
| Other amounts payable | 47/48 | €12,116 | €6,979 | -€5,137 | -42.4% |
| Turnover | 70 | €127,476 | €108 | -€127,368 | -99.9% |
| Non-recurring operating income | 76A | €20,000 | €48,239 | +€28,239 | +141% |
| Goods, raw materials, services and sundry goods | 60/61 | €105,764 | €33,085 | -€72,679 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | - | -€1,336 | |
| Other operating charges | 640/8 | €496 | €841 | +€344 | +69.4% |
| Non-recurring operating charges | 66A | - | €649 | +€649 | |
| Gross operating margin | 9900 | -€21,711 | €15,262 | +€36,973 | |
| Operating profit (loss) | 9901 | -€23,544 | €13,771 | +€37,315 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +44.5% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +44.5% |
| Financial charges | 65/66B | €664 | €166 | -€498 | -75.0% |
| Recurring financial charges | 65 | €664 | €166 | -€498 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,205 | €13,608 | +€37,814 | |
| Profit (loss) for the period | 9904 | -€24,205 | €13,608 | +€37,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,205 | €13,608 | +€37,814 |
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 22 October 2026 via checked.be.