VERTIGO SOLUTIONS: what changed
VERTIGO SOLUTIONS
Largest movements
- Receivables within one year -€18,738
down €18,738 (-74.8%), from €25,047 to €6,309
of which Trade receivables: -€14,667
- Receivables after one year +€15,578
new in 2025: €15,578
- Cash -€4,069
down €4,069 (-6.4%), from €63,709 to €59,639
mainly Tax, wage and social debts (-€31,823) and Receivables after one year (-€15,578)
- Tax, wage and social debts -€31,823
down €31,823 (-78.0%), from €40,823 to €9,000
- Reserves +€23,500
up €23,500 (+67.5%), from €34,830 to €58,330
- Gross operating margin +€34,999
up €34,999, from -€976 to €34,023
- Taxes +€8,816
up €8,816 (+4,048%), from €218 to €9,034
- Financial income +€496
up €496 (+487%), from €102 to €598
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,159 | €83,869 | -€7,290 | -8.0% |
| Fixed assets | 21/28 | €1,354 | €1,629 | +€276 | +20.4% |
| Tangible fixed assets | 22/27 | €1,354 | €1,629 | +€276 | +20.4% |
| Furniture and vehicles | 24 | €1,354 | €1,629 | +€276 | +20.4% |
| Current assets | 29/58 | €89,805 | €82,240 | -€7,565 | -8.4% |
| Amounts receivable after more than one year | 29 | - | €15,578 | +€15,578 | |
| Other amounts receivable | 291 | - | €15,578 | +€15,578 | |
| Amounts receivable within one year | 40/41 | €25,047 | €6,309 | -€18,738 | -74.8% |
| Trade receivables | 40 | €14,667 | - | -€14,667 | |
| Other amounts receivable | 41 | €10,380 | €6,309 | -€4,071 | -39.2% |
| Cash at bank and in hand | 54/58 | €63,709 | €59,639 | -€4,069 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,050 | €714 | -€335 | -32.0% |
| Total equity and liabilities | 10/49 | €91,159 | €83,869 | -€7,290 | -8.0% |
| Equity | 10/15 | €48,319 | €72,254 | +€23,935 | +49.5% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €34,830 | €58,330 | +€23,500 | +67.5% |
| Distributable reserves | 133 | €34,830 | €58,330 | +€23,500 | +67.5% |
| Profit (loss) carried forward | 14 | €7,089 | €7,524 | +€435 | +6.1% |
| Amounts payable | 17/49 | €42,840 | €11,615 | -€31,225 | -72.9% |
| Amounts payable within one year | 42/48 | €42,840 | €11,615 | -€31,225 | -72.9% |
| Trade debts | 44 | €1,856 | €1,880 | +€24 | +1.3% |
| Suppliers | 440/4 | €1,856 | €1,880 | +€24 | +1.3% |
| Taxes, remuneration and social security | 45 | €40,823 | €9,000 | -€31,823 | -78.0% |
| Taxes | 450/3 | €40,823 | €9,000 | -€31,823 | -78.0% |
| Other amounts payable | 47/48 | €161 | €735 | +€574 | +356% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €706 | +€221 | +45.7% |
| Gross operating margin | 9900 | -€976 | €34,023 | +€34,999 | |
| Operating profit (loss) | 9901 | -€1,461 | €33,316 | +€34,777 | |
| Financial income | 75/76B | €102 | €598 | +€496 | +487% |
| Recurring financial income | 75 | €102 | €598 | +€496 | +487% |
| Financial charges | 65/66B | €1,122 | €945 | -€177 | -15.8% |
| Recurring financial charges | 65 | €1,122 | €945 | -€177 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,481 | €32,969 | +€35,451 | |
| Income taxes | 67/77 | €218 | €9,034 | +€8,816 | +4,048% |
| Profit (loss) for the period | 9904 | -€2,699 | €23,935 | +€26,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,699 | €23,935 | +€26,634 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.