VERTIGES: 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.
VERTIGES
Largest movements
- Tangible fixed assets -€1,477
down €1,477 (-49.2%), from €3,000 to €1,523
- Cash -€1,425
down €1,425 (-1.5%), from €96,533 to €95,108
mainly Tax, wage and social debts (-€3,959) and Trade debts (-€2,790)
- Tax, wage and social debts -€3,959
no longer reported in 2025 (was €3,959)
- Trade debts -€2,790
down €2,790 (-73.5%), from €3,797 to €1,007
- Other debts +€2,735
up €2,735 (+3.3%), from €82,222 to €84,956
- Gross operating margin -€3,100
down €3,100 (-52.0%), from €5,956 to €2,856
- Depreciation -€407
down €407 (-21.6%), from €1,884 to €1,477
- Taxes -€279
down €279 (-52.4%), from €533 to €253
- Other operating charges +€78
up €78 (+15.2%), from €515 to €593
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 | €108,399 | €104,778 | -€3,621 | -3.3% |
| Fixed assets | 21/28 | €3,025 | €1,523 | -€1,502 | -49.6% |
| Tangible fixed assets | 22/27 | €3,000 | €1,523 | -€1,477 | -49.2% |
| Plant, machinery and equipment | 23 | €3,000 | €1,523 | -€1,477 | -49.2% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100% |
| Current assets | 29/58 | €105,374 | €103,254 | -€2,120 | -2.0% |
| Amounts receivable within one year | 40/41 | €7,936 | €7,398 | -€538 | -6.8% |
| Trade receivables | 40 | €7,936 | €2,888 | -€5,048 | -63.6% |
| Other amounts receivable | 41 | - | €4,510 | +€4,510 | |
| Cash at bank and in hand | 54/58 | €96,533 | €95,108 | -€1,425 | -1.5% |
| Deferred charges and accrued income | 490/1 | €906 | €748 | -€157 | -17.4% |
| Total equity and liabilities | 10/49 | €108,399 | €104,778 | -€3,621 | -3.3% |
| Equity | 10/15 | €18,421 | €18,815 | +€393 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€2,039 | -€1,645 | +€393 | +19.3% |
| Amounts payable | 17/49 | €89,978 | €85,963 | -€4,015 | -4.5% |
| Amounts payable within one year | 42/48 | €89,978 | €85,963 | -€4,015 | -4.5% |
| Trade debts | 44 | €3,797 | €1,007 | -€2,790 | -73.5% |
| Suppliers | 440/4 | €3,797 | €1,007 | -€2,790 | -73.5% |
| Taxes, remuneration and social security | 45 | €3,959 | - | -€3,959 | |
| Taxes | 450/3 | €3,959 | - | -€3,959 | |
| Other amounts payable | 47/48 | €82,222 | €84,956 | +€2,735 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | €1,477 | -€407 | -21.6% |
| Other operating charges | 640/8 | €515 | €593 | +€78 | +15.2% |
| Gross operating margin | 9900 | €5,956 | €2,856 | -€3,100 | -52.0% |
| Operating profit (loss) | 9901 | €3,557 | €786 | -€2,771 | -77.9% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €88 | €139 | +€51 | +57.9% |
| Recurring financial charges | 65 | €88 | €139 | +€51 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €3,488 | €647 | -€2,841 | -81.5% |
| Income taxes | 67/77 | €533 | €253 | -€279 | -52.4% |
| Profit (loss) for the period | 9904 | €2,955 | €393 | -€2,562 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,955 | €393 | -€2,562 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.