VERTIMO: 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.
What changed
VERTIMO
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,721
2024 · €135,743-€88,022
Equity
€2.7m
2024 · €2.7m+€47,721
Cash
€537,384
2024 · €577,306-€39,922
Balance sheet total
€8.2m
2024 · €8.2m-€22,691
Largest movements
Assets
- Tangible fixed assets +€373,452
up €373,452 (+6.0%), from €6.2m to €6.6m
of which Land and buildings: +€374,223
- Receivables within one year -€343,892
down €343,892 (-34.5%), from €997,582 to €653,690
of which Trade receivables: -€313,689
Equity and liabilities
- Debts after one year -€205,160
down €205,160 (-7.6%), from €2.7m to €2.5m
- Other debts +€196,756
up €196,756 (+14.7%), from €1.3m to €1.5m
- Trade debts -€137,975
down €137,975 (-13.0%), from €1.1m to €926,754
Income statement
- Staff costs +€62,164
up €62,164 (+16.1%), from €385,713 to €447,876
- Other operating charges +€46,615
up €46,615 (+108%), from €43,217 to €89,832
- Gross operating margin +€32,766
up €32,766 (+3.3%), from €988,119 to €1.0m
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.
Result 2024
€135,743
Gross operating margin
+€32,766
Staff costs
-€62,164
Depreciation
+€2,621
Other operating charges
-€46,615
Financial income
-€500
Financial charges
-€7,179
Taxes
-€6,952
Result 2025
€47,721
raises the resultlowers the result
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.
From operations
+€786,078
Investment
-€665,363
Financing
-€160,637
Cash 2024
€577,306
From operations (derived)
+€786,078
Net result for the year
+€47,721
Depreciation
+€304,241
Receivables within one year
+€343,892
Trade debts
-€137,975
Tax, wage and social debts
+€31,443
Other debts
+€196,756
Investment (derived)
-€665,363
Investment in fixed assets (net)
-€677,692
Current investments
+€12,330
Financing
-€160,637
Debts after one year
-€205,160
Current portion of long-term debt
+€44,523
Cash 2025
€537,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,180,312 | €8,157,621 | -€22,691 | -0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,553,424 | €6,926,876 | +€373,452 | +5.7% |
| Tangible fixed assets | 22/27 | €6,228,734 | €6,602,186 | +€373,452 | +6.0% |
| Land and buildings | 22 | €6,217,110 | €6,591,333 | +€374,223 | +6.0% |
| Plant, machinery and equipment | 23 | €6,320 | €7,534 | +€1,214 | +19.2% |
| Furniture and vehicles | 24 | €5,304 | €3,318 | -€1,986 | -37.4% |
| Financial fixed assets | 28 | €324,690 | €324,690 | = | 0.0% |
| Current assets | 29/58 | €1,626,888 | €1,230,745 | -€396,143 | -24.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €997,582 | €653,690 | -€343,892 | -34.5% |
| Trade receivables | 40 | €967,380 | €653,690 | -€313,689 | -32.4% |
| Other amounts receivable | 41 | €30,203 | €0 | -€30,203 | -100% |
| Current investments | 50/53 | €17,000 | €4,670 | -€12,330 | -72.5% |
| Cash at bank and in hand | 54/58 | €577,306 | €537,384 | -€39,922 | -6.9% |
| Total equity and liabilities | 10/49 | €8,180,312 | €8,157,621 | -€22,691 | -0.3% |
| Equity | 10/15 | €2,682,491 | €2,730,211 | +€47,721 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €525,152 | €525,152 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,570 | €19,662 | -€51,908 | -72.5% |
| Distributable reserves | 133 | €447,382 | €499,290 | +€51,908 | +11.6% |
| Profit (loss) carried forward | 14 | €2,095,338 | €2,143,059 | +€47,721 | +2.3% |
| Amounts payable | 17/49 | €5,497,821 | €5,427,409 | -€70,412 | -1.3% |
| Amounts payable after more than one year | 17 | €2,716,653 | €2,511,493 | -€205,160 | -7.6% |
| Financial debts | 170/4 | €2,716,653 | €2,511,493 | -€205,160 | -7.6% |
| Amounts payable within one year | 42/48 | €2,781,168 | €2,915,916 | +€134,748 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €318,869 | €363,393 | +€44,523 | +14.0% |
| Trade debts | 44 | €1,064,729 | €926,754 | -€137,975 | -13.0% |
| Suppliers | 440/4 | €1,064,729 | €926,754 | -€137,975 | -13.0% |
| Taxes, remuneration and social security | 45 | €60,862 | €92,305 | +€31,443 | +51.7% |
| Taxes | 450/3 | - | €23,013 | +€23,013 | |
| Remuneration and social security | 454/9 | €60,862 | €69,292 | +€8,430 | +13.9% |
| Other amounts payable | 47/48 | €1,336,708 | €1,533,464 | +€196,756 | +14.7% |
| Non-recurring operating income | 76A | €11,906 | - | -€11,906 | |
| Remuneration, social security and pensions | 62 | €385,713 | €447,876 | +€62,164 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,862 | €304,241 | -€2,621 | -0.9% |
| Other operating charges | 640/8 | €43,217 | €89,832 | +€46,615 | +108% |
| Gross operating margin | 9900 | €988,119 | €1,020,886 | +€32,766 | +3.3% |
| Operating profit (loss) | 9901 | €252,327 | €178,936 | -€73,391 | -29.1% |
| Financial income | 75/76B | €500 | - | -€500 | |
| Recurring financial income | 75 | €500 | - | -€500 | |
| Financial charges | 65/66B | €57,434 | €64,613 | +€7,179 | +12.5% |
| Recurring financial charges | 65 | €36,968 | €52,283 | +€15,315 | +41.4% |
| Non-recurring financial charges | 66B | €20,466 | €12,330 | -€8,136 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €195,394 | €114,324 | -€81,070 | -41.5% |
| Income taxes | 67/77 | €59,651 | €66,603 | +€6,952 | +11.7% |
| Profit (loss) for the period | 9904 | €135,743 | €47,721 | -€88,022 | -64.8% |
| Transfer from tax-exempt reserves | 789 | - | €51,908 | +€51,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,743 | €99,628 | -€36,114 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.