VERTIX TECH: 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.
VERTIX TECH
Largest movements
- Tangible fixed assets -€69,193
down €69,193 (-6.5%), from €1.1m to €988,759
of which Furniture and vehicles: -€42,127
- Cash -€18,934
no longer reported in 2024 (was €18,934)
mainly Net result for the year (-€46,498) and Tax, wage and social debts (-€22,225)
- Profit (loss) carried forward -€46,498
down €46,498 (-16.5%), from -€281,516 to -€328,014
- Tax, wage and social debts -€22,225
down €22,225 (-91.0%), from €24,411 to €2,186
- Other debts -€19,357
down €19,357 (-1.3%), from €1.5m to €1.5m
- Depreciation +€42,045
up €42,045 (+154.9%), from €27,149 to €69,193
- Gross operating margin +€41,349
up €41,349, from -€11,317 to €30,032
- Other operating charges +€1,479
up €1,479 (+34.3%), from €4,316 to €5,795
- Taxes +€827
up €827 (+121.7%), from €680 to €1,507
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 | €1,246,466 | €1,158,386 | -€88,080 | -7.1% |
| Fixed assets | 21/28 | €1,057,952 | €988,759 | -€69,193 | -6.5% |
| Tangible fixed assets | 22/27 | €1,057,952 | €988,759 | -€69,193 | -6.5% |
| Land and buildings | 22 | €865,553 | €838,487 | -€27,066 | -3.1% |
| Furniture and vehicles | 24 | €192,399 | €150,272 | -€42,127 | -21.9% |
| Current assets | 29/58 | €188,514 | €169,627 | -€18,887 | -10.0% |
| Stocks and contracts in progress | 3 | €169,580 | €169,580 | = | 0.0% |
| Stocks | 30/36 | €169,580 | €169,580 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €47 | +€47 | |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €18,934 | - | -€18,934 | |
| Total equity and liabilities | 10/49 | €1,246,466 | €1,158,386 | -€88,080 | -7.1% |
| Equity | 10/15 | -€262,916 | -€309,414 | -€46,498 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€281,516 | -€328,014 | -€46,498 | -16.5% |
| Amounts payable | 17/49 | €1,509,382 | €1,467,800 | -€41,582 | -2.8% |
| Amounts payable within one year | 42/48 | €1,509,382 | €1,467,800 | -€41,582 | -2.8% |
| Taxes, remuneration and social security | 45 | €24,411 | €2,186 | -€22,225 | -91.0% |
| Taxes | 450/3 | €24,411 | €2,186 | -€22,225 | -91.0% |
| Other amounts payable | 47/48 | €1,484,971 | €1,465,614 | -€19,357 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,149 | €69,193 | +€42,045 | +154.9% |
| Other operating charges | 640/8 | €4,316 | €5,795 | +€1,479 | +34.3% |
| Gross operating margin | 9900 | -€11,317 | €30,032 | +€41,349 | |
| Operating profit (loss) | 9901 | -€42,782 | -€44,956 | -€2,174 | -5.1% |
| Financial charges | 65/66B | €242 | €36 | -€206 | -85.2% |
| Recurring financial charges | 65 | €242 | €36 | -€206 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,023 | -€44,992 | -€1,968 | -4.6% |
| Income taxes | 67/77 | €680 | €1,507 | +€827 | +121.7% |
| Profit (loss) for the period | 9904 | -€43,703 | -€46,498 | -€2,795 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,703 | -€46,498 | -€2,795 | -6.4% |
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 7 October 2026 via checked.be.