VERTIMMO O.G.: 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.
VERTIMMO O.G.
Largest movements
- Stocks and contracts -€1.2m
no longer reported in 2025 (was €1.2m)
- Tangible fixed assets +€1.2m
new in 2025: €1.2m
- Cash +€243,417
up €243,417 (+385%), from €63,278 to €306,695
mainly Stocks and contracts (+€1.2m) and Debts after one year (+€175,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year +€175,000
up €175,000 (+21.9%), from €800,000 to €975,000
- Gross operating margin +€45,313
up €45,313 (+654%), from €6,933 to €52,246
- Other operating charges -€44,194
down €44,194 (-87.6%), from €50,429 to €6,235
- Financial charges +€21,636
up €21,636 (+203%), from €10,677 to €32,313
- Depreciation +€21,600
new in 2025: €21,600
- Financial income -€7,347
down €7,347 (-81.4%), from €9,029 to €1,682
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 | €1,316,811 | €1,489,167 | +€172,356 | +13.1% |
| Fixed assets | 21/28 | - | €1,178,400 | +€1.2m | |
| Tangible fixed assets | 22/27 | - | €1,178,400 | +€1.2m | |
| Land and buildings | 22 | - | €1,178,400 | +€1.2m | |
| Current assets | 29/58 | €1,316,811 | €310,767 | -€1.0m | -76.4% |
| Stocks and contracts in progress | 3 | €1,200,000 | - | -€1.2m | |
| Stocks | 30/36 | €1,200,000 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €2,709 | €3,213 | +€504 | +18.6% |
| Other amounts receivable | 41 | €2,709 | €3,213 | +€504 | +18.6% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €63,278 | €306,695 | +€243,417 | +385% |
| Deferred charges and accrued income | 490/1 | €824 | €859 | +€35 | +4.2% |
| Total equity and liabilities | 10/49 | €1,316,811 | €1,489,167 | +€172,356 | +13.1% |
| Equity | 10/15 | €502,585 | €496,365 | -€6,220 | -1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,585 | €386,365 | -€6,220 | -1.6% |
| Amounts payable | 17/49 | €814,226 | €992,802 | +€178,576 | +21.9% |
| Amounts payable after more than one year | 17 | €800,000 | €975,000 | +€175,000 | +21.9% |
| Financial debts | 170/4 | €800,000 | €975,000 | +€175,000 | +21.9% |
| Amounts payable within one year | 42/48 | €4,669 | €3,014 | -€1,655 | -35.5% |
| Trade debts | 44 | €2,135 | €2,177 | +€42 | +2.0% |
| Suppliers | 440/4 | €2,135 | €2,177 | +€42 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €214 | +€214 | |
| Taxes | 450/3 | - | €214 | +€214 | |
| Other amounts payable | 47/48 | €2,534 | €623 | -€1,911 | -75.4% |
| Accrued charges and deferred income | 492/3 | €9,557 | €14,788 | +€5,231 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,600 | +€21,600 | |
| Other operating charges | 640/8 | €50,429 | €6,235 | -€44,194 | -87.6% |
| Gross operating margin | 9900 | €6,933 | €52,246 | +€45,313 | +654% |
| Operating profit (loss) | 9901 | -€43,496 | €24,411 | +€67,907 | |
| Financial income | 75/76B | €9,029 | €1,682 | -€7,347 | -81.4% |
| Recurring financial income | 75 | €9,029 | €1,682 | -€7,347 | -81.4% |
| Financial charges | 65/66B | €10,677 | €32,313 | +€21,636 | +203% |
| Recurring financial charges | 65 | €10,677 | €32,313 | +€21,636 | +203% |
| Profit (loss) for the period before taxes | 9903 | -€45,144 | -€6,220 | +€38,924 | +86.2% |
| Profit (loss) for the period | 9904 | -€45,144 | -€6,220 | +€38,924 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,144 | -€6,220 | +€38,924 | +86.2% |
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 23 October 2026 via checked.be.