VERTIKAL: what changed
Two fiscal 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.
VERTIKAL
Largest movements
- Receivables within one year +€12,021
up €12,021 (+50.5%), from €23,796 to €35,817
of which Trade receivables: +€7,539
- Cash -€5,323
down €5,323 (-73.3%), from €7,265 to €1,942
mainly Receivables within one year (-€12,021) and Debts after one year (-€10,809)
- Tangible fixed assets -€3,017
down €3,017 (-34.6%), from €8,718 to €5,701
of which Furniture and vehicles: -€3,903
- Financial fixed assets +€1,100
up €1,100 (+1182.8%), from €93 to €1,193
- Profit (loss) carried forward +€11,202
up €11,202 (+33.5%), from -€33,391 to -€22,189
- Debts after one year -€10,809
no longer reported in 2024 (was €10,809)
- Accrued charges and deferred income +€6,450
up €6,450 (+993.4%), from €649 to €7,099
- Trade debts -€4,367
down €4,367 (-12.5%), from €34,954 to €30,587
- Tax, wage and social debts +€2,501
up €2,501 (+12.7%), from €19,684 to €22,184
of which Taxes: +€2,506
- Gross operating margin +€26,910
up €26,910 (+108.0%), from €24,913 to €51,823
- Staff costs +€9,038
up €9,038 (+52.2%), from €17,311 to €26,349
- Depreciation -€8,712
down €8,712 (-68.3%), from €12,759 to €4,047
- Financial charges +€4,196
up €4,196 (+108.4%), from €3,869 to €8,066
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,927 | €46,864 | +€4,937 | +11.8% |
| Fixed assets | 21/28 | €8,811 | €6,894 | -€1,917 | -21.8% |
| Tangible fixed assets | 22/27 | €8,718 | €5,701 | -€3,017 | -34.6% |
| Plant, machinery and equipment | 23 | - | €886 | +€886 | |
| Furniture and vehicles | 24 | €8,718 | €4,815 | -€3,903 | -44.8% |
| Financial fixed assets | 28 | €93 | €1,193 | +€1,100 | +1182.8% |
| Current assets | 29/58 | €33,116 | €39,970 | +€6,854 | +20.7% |
| Amounts receivable within one year | 40/41 | €23,796 | €35,817 | +€12,021 | +50.5% |
| Trade receivables | 40 | €23,796 | €31,335 | +€7,539 | +31.7% |
| Other amounts receivable | 41 | - | €4,482 | +€4,482 | |
| Cash at bank and in hand | 54/58 | €7,265 | €1,942 | -€5,323 | -73.3% |
| Deferred charges and accrued income | 490/1 | €2,055 | €2,211 | +€156 | +7.6% |
| Total equity and liabilities | 10/49 | €41,927 | €46,864 | +€4,937 | +11.8% |
| Equity | 10/15 | -€30,891 | -€19,689 | +€11,202 | +36.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,391 | -€22,189 | +€11,202 | +33.5% |
| Amounts payable | 17/49 | €72,818 | €66,553 | -€6,265 | -8.6% |
| Amounts payable after more than one year | 17 | €10,809 | - | -€10,809 | |
| Other amounts payable | 178/9 | €10,809 | - | -€10,809 | |
| Amounts payable within one year | 42/48 | €61,360 | €59,454 | -€1,906 | -3.1% |
| Financial debts | 43 | €126 | €78 | -€47 | -37.7% |
| Credit institutions | 430/8 | €126 | €78 | -€47 | -37.7% |
| Trade debts | 44 | €34,954 | €30,587 | -€4,367 | -12.5% |
| Suppliers | 440/4 | €34,954 | €30,587 | -€4,367 | -12.5% |
| Taxes, remuneration and social security | 45 | €19,684 | €22,184 | +€2,501 | +12.7% |
| Taxes | 450/3 | €17,073 | €19,579 | +€2,506 | +14.7% |
| Remuneration and social security | 454/9 | €2,611 | €2,605 | -€5 | -0.2% |
| Other amounts payable | 47/48 | €6,597 | €6,604 | +€8 | +0.1% |
| Accrued charges and deferred income | 492/3 | €649 | €7,099 | +€6,450 | +993.4% |
| Remuneration, social security and pensions | 62 | €17,311 | €26,349 | +€9,038 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,759 | €4,047 | -€8,712 | -68.3% |
| Other operating charges | 640/8 | €2,327 | €2,109 | -€218 | -9.4% |
| Gross operating margin | 9900 | €24,913 | €51,823 | +€26,910 | +108.0% |
| Operating profit (loss) | 9901 | -€7,484 | €19,319 | +€26,803 | |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €3,869 | €8,066 | +€4,196 | +108.4% |
| Recurring financial charges | 65 | €3,869 | €8,066 | +€4,196 | +108.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,353 | €11,353 | +€22,706 | |
| Income taxes | 67/77 | €168 | €151 | -€17 | -10.4% |
| Profit (loss) for the period | 9904 | -€11,522 | €11,202 | +€22,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,522 | €11,202 | +€22,724 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.