VERTIGO: 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.
VERTIGO
Largest movements
- Tangible fixed assets -€1,007
down €1,007 (-38.1%), from €2,641 to €1,634
of which Furniture and vehicles: -€2,641
- Receivables within one year +€742
up €742 (+21.0%), from €3,531 to €4,273
of which Trade receivables: +€2,105
- Cash -€362
down €362 (-2.6%), from €13,814 to €13,452
mainly Receivables within one year (-€742) and Trade debts (-€719)
- Trade debts -€719
down €719 (-33.6%), from €2,137 to €1,418
- Profit (loss) carried forward +€540
up €540 (+5.5%), from -€9,781 to -€9,241
- Other debts -€448
down €448 (-4.7%), from €9,472 to €9,024
- Purchases and services +€25,222
up €25,222 (+48.6%), from €51,890 to €77,112
- Gross operating margin -€21,359
down €21,359 (-66.9%), from €31,913 to €10,554
- Staff costs -€18,786
down €18,786 (-74.3%), from €25,287 to €6,501
- Turnover +€3,863
up €3,863 (+4.6%), from €83,803 to €87,666
- Taxes +€1,685
up €1,685 (+629%), from €268 to €1,953
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 | €23,707 | €23,080 | -€627 | -2.6% |
| Fixed assets | 21/28 | €2,641 | €1,634 | -€1,007 | -38.1% |
| Tangible fixed assets | 22/27 | €2,641 | €1,634 | -€1,007 | -38.1% |
| Plant, machinery and equipment | 23 | - | €1,634 | +€1,634 | |
| Furniture and vehicles | 24 | €2,641 | - | -€2,641 | |
| Current assets | 29/58 | €21,066 | €21,446 | +€380 | +1.8% |
| Amounts receivable within one year | 40/41 | €3,531 | €4,273 | +€742 | +21.0% |
| Trade receivables | 40 | €113 | €2,218 | +€2,105 | +1,863% |
| Other amounts receivable | 41 | €3,418 | €2,055 | -€1,363 | -39.9% |
| Cash at bank and in hand | 54/58 | €13,814 | €13,452 | -€362 | -2.6% |
| Deferred charges and accrued income | 490/1 | €3,721 | €3,721 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,707 | €23,080 | -€627 | -2.6% |
| Equity | 10/15 | €12,078 | €12,618 | +€540 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,781 | -€9,241 | +€540 | +5.5% |
| Amounts payable | 17/49 | €11,629 | €10,462 | -€1,167 | -10.0% |
| Amounts payable within one year | 42/48 | €11,629 | €10,462 | -€1,167 | -10.0% |
| Trade debts | 44 | €2,137 | €1,418 | -€719 | -33.6% |
| Suppliers | 440/4 | €2,137 | €1,418 | -€719 | -33.6% |
| Taxes, remuneration and social security | 45 | €20 | €20 | = | 0.0% |
| Taxes | 450/3 | €20 | €20 | = | 0.0% |
| Other amounts payable | 47/48 | €9,472 | €9,024 | -€448 | -4.7% |
| Turnover | 70 | €83,803 | €87,666 | +€3,863 | +4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,890 | €77,112 | +€25,222 | +48.6% |
| Remuneration, social security and pensions | 62 | €25,287 | €6,501 | -€18,786 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,994 | €1,007 | -€987 | -49.5% |
| Other operating charges | 640/8 | €363 | €126 | -€237 | -65.3% |
| Non-recurring operating charges | 66A | €291 | €0 | -€291 | -100% |
| Gross operating margin | 9900 | €31,913 | €10,554 | -€21,359 | -66.9% |
| Operating profit (loss) | 9901 | €3,978 | €2,920 | -€1,058 | -26.6% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €398 | €440 | +€42 | +10.6% |
| Recurring financial charges | 65 | €398 | €440 | +€42 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €3,580 | €2,493 | -€1,087 | -30.4% |
| Income taxes | 67/77 | €268 | €1,953 | +€1,685 | +629% |
| Profit (loss) for the period | 9904 | €3,312 | €540 | -€2,772 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,312 | €540 | -€2,772 | -83.7% |
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 15 October 2026 via checked.be.