VERTO: 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.
VERTO
Largest movements
- Tangible fixed assets +€71,398
up €71,398 (+2612.1%), from €2,733 to €74,132
of which Furniture and vehicles: +€53,702
- Cash +€8,729
up €8,729 (+43.1%), from €20,275 to €29,004
mainly Net result for the year (+€35,650) and Debts after one year (+€35,074)
- Debts after one year +€35,074
new in 2025: €35,074
- Profit (loss) carried forward +€21,079
up €21,079, from -€21,079 to €0
- Reserves +€14,571
up €14,571 (+42.6%), from €34,209 to €48,780
of which Distributable reserves: +€14,571
- Current portion of long-term debt +€9,520
up €9,520, from €0 to €9,520
- Tax, wage and social debts +€1,750
up €1,750 (+40.9%), from €4,277 to €6,028
- Gross operating margin +€48,635
up €48,635 (+441.9%), from €11,007 to €59,642
- Taxes +€7,981
up €7,981 (+9647.4%), from €83 to €8,064
- Depreciation +€1,626
up €1,626 (+13.8%), from €11,816 to €13,442
- Financial charges +€1,438
up €1,438 (+793.6%), from €181 to €1,620
- Other operating charges -€807
down €807 (-48.2%), from €1,674 to €866
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.
Cash bridge derived
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 | €39,219 | €119,990 | +€80,770 | +205.9% |
| Fixed assets | 21/28 | €2,733 | €74,132 | +€71,398 | +2612.1% |
| Tangible fixed assets | 22/27 | €2,733 | €74,132 | +€71,398 | +2612.1% |
| Plant, machinery and equipment | 23 | - | €781 | +€781 | |
| Furniture and vehicles | 24 | €2,733 | €56,435 | +€53,702 | +1964.6% |
| Other tangible fixed assets | 26 | - | €16,916 | +€16,916 | |
| Current assets | 29/58 | €36,486 | €45,858 | +€9,372 | +25.7% |
| Amounts receivable within one year | 40/41 | €15,068 | €15,923 | +€855 | +5.7% |
| Trade receivables | 40 | €11,188 | €10,523 | -€665 | -5.9% |
| Other amounts receivable | 41 | €3,880 | €5,400 | +€1,520 | +39.2% |
| Cash at bank and in hand | 54/58 | €20,275 | €29,004 | +€8,729 | +43.1% |
| Deferred charges and accrued income | 490/1 | €1,143 | €930 | -€213 | -18.6% |
| Total equity and liabilities | 10/49 | €39,219 | €119,990 | +€80,770 | +205.9% |
| Equity | 10/15 | €25,530 | €61,180 | +€35,650 | +139.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,209 | €48,780 | +€14,571 | +42.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,209 | €48,780 | +€14,571 | +42.6% |
| Profit (loss) carried forward | 14 | -€21,079 | €0 | +€21,079 | |
| Amounts payable | 17/49 | €13,689 | €58,809 | +€45,120 | +329.6% |
| Amounts payable after more than one year | 17 | - | €35,074 | +€35,074 | |
| Financial debts | 170/4 | - | €35,074 | +€35,074 | |
| Amounts payable within one year | 42/48 | €12,869 | €22,915 | +€10,046 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,520 | +€9,520 | |
| Trade debts | 44 | €764 | €891 | +€127 | +16.6% |
| Suppliers | 440/4 | €764 | €891 | +€127 | +16.6% |
| Taxes, remuneration and social security | 45 | €4,277 | €6,028 | +€1,750 | +40.9% |
| Taxes | 450/3 | €4,277 | €6,028 | +€1,750 | +40.9% |
| Other amounts payable | 47/48 | €7,827 | €6,477 | -€1,351 | -17.3% |
| Accrued charges and deferred income | 492/3 | €820 | €820 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,816 | €13,442 | +€1,626 | +13.8% |
| Other operating charges | 640/8 | €1,674 | €866 | -€807 | -48.2% |
| Non-recurring operating charges | 66A | €911 | €0 | -€911 | -100.0% |
| Gross operating margin | 9900 | €11,007 | €59,642 | +€48,635 | +441.9% |
| Operating profit (loss) | 9901 | -€3,393 | €45,334 | +€48,727 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €181 | €1,620 | +€1,438 | +793.6% |
| Recurring financial charges | 65 | €181 | €1,620 | +€1,438 | +793.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,575 | €43,714 | +€47,289 | |
| Income taxes | 67/77 | €83 | €8,064 | +€7,981 | +9647.4% |
| Profit (loss) for the period | 9904 | -€3,657 | €35,650 | +€39,307 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,657 | €35,650 | +€39,307 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.