VERTO: 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
VERTO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€414,975
2024 · €424,544-€9,569
Equity
€2.1m
2024 · €1.8m+€364,866
Cash
€43,155
2024 · €56,488-€13,332
Balance sheet total
€15.6m
2024 · €14.6m+€1.0m
Largest movements
Assets
- Financial fixed assets +€675,695
up €675,695 (+6.2%), from €10.8m to €11.5m
- Receivables within one year +€299,448
up €299,448 (+39.9%), from €750,875 to €1.1m
of which Other amounts receivable: +€244,546
Equity and liabilities
- Debts after one year +€520,982
up €520,982 (+4.4%), from €11.7m to €12.3m
of which Other amounts payable: +€415,000
- Reserves +€364,866
up €364,866 (+21.4%), from €1.7m to €2.1m
of which Distributable reserves: +€400,038
Income statement
- Services and other goods +€165,303
up €165,303 (+47.9%), from €345,411 to €510,715
- Staff costs -€128,675
down €128,675 (-99.1%), from €129,882 to €1,206
- Depreciation +€48,505
up €48,505 (+36.7%), from €132,336 to €180,841
- Turnover +€44,975
up €44,975 (+3.2%), from €1.4m to €1.5m
- Other operating income +€30,746
up €30,746 (+109.1%), from €28,171 to €58,917
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
€424,544
Turnover
+€44,975
Other operating income
+€30,746
Goods and materials
+€4,495
Services and other goods
-€165,303
Staff costs
+€128,675
Depreciation
-€48,505
Other operating charges
+€1,240
Financial income
-€15,606
Financial charges
-€1,064
Taxes
+€10,718
Deferred taxes and other
+€60
Result 2025
€414,975
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.
From operations
+€272,248
Investment
-€911,073
Financing
+€625,493
Cash 2024
€56,488
From operations (derived)
+€272,248
Net result for the year
+€414,975
Depreciation
+€180,841
Receivables within one year
-€299,448
Deferred charges and accrued income
-€1,161
Provisions
-€11,724
Trade debts
+€28,689
Tax, wage and social debts
-€26,002
Other debts
+€7,288
Accrued charges and deferred income
-€21,210
Investment (derived)
-€911,073
Investment in fixed assets (net)
-€911,073
Financing
+€625,493
Debts after one year
+€520,982
Current portion of long-term debt
+€85,290
Short-term financial debts
+€69,330
Contributions, distributions and other
-€50,109
Cash 2025
€43,155
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,593,671 | €15,611,180 | +€1.0m | +7.0% |
| Fixed assets | 21/28 | €13,779,153 | €14,509,385 | +€730,232 | +5.3% |
| Tangible fixed assets | 22/27 | €2,942,251 | €2,996,789 | +€54,537 | +1.9% |
| Land and buildings | 22 | €2,884,839 | €2,829,165 | -€55,675 | -1.9% |
| Furniture and vehicles | 24 | €24,982 | €146,478 | +€121,496 | +486.3% |
| Leasing and similar rights | 25 | €32,430 | €21,146 | -€11,284 | -34.8% |
| Financial fixed assets | 28 | €10,836,902 | €11,512,596 | +€675,695 | +6.2% |
| Affiliated companies | 280/1 | €10,836,902 | €11,512,596 | +€675,695 | +6.2% |
| Participating interests | 280 | €10,836,902 | €11,512,596 | +€675,695 | +6.2% |
| Current assets | 29/58 | €814,518 | €1,101,795 | +€287,277 | +35.3% |
| Amounts receivable within one year | 40/41 | €750,875 | €1,050,323 | +€299,448 | +39.9% |
| Trade receivables | 40 | €287,586 | €342,488 | +€54,903 | +19.1% |
| Other amounts receivable | 41 | €463,289 | €707,835 | +€244,546 | +52.8% |
| Cash at bank and in hand | 54/58 | €56,488 | €43,155 | -€13,332 | -23.6% |
| Deferred charges and accrued income | 490/1 | €7,155 | €8,316 | +€1,161 | +16.2% |
| Total equity and liabilities | 10/49 | €14,593,671 | €15,611,180 | +€1.0m | +7.0% |
| Equity | 10/15 | €1,767,798 | €2,132,664 | +€364,866 | +20.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,707,798 | €2,072,664 | +€364,866 | +21.4% |
| Tax-exempt reserves | 132 | €483,841 | €448,669 | -€35,172 | -7.3% |
| Distributable reserves | 133 | €1,223,956 | €1,623,995 | +€400,038 | +32.7% |
| Provisions and deferred taxes | 16 | €159,280 | €147,556 | -€11,724 | -7.4% |
| Deferred taxes | 168 | €159,280 | €147,556 | -€11,724 | -7.4% |
| Amounts payable | 17/49 | €12,666,593 | €13,330,960 | +€664,367 | +5.2% |
| Amounts payable after more than one year | 17 | €11,734,439 | €12,255,422 | +€520,982 | +4.4% |
| Financial debts | 170/4 | €9,872,439 | €9,978,422 | +€105,982 | +1.1% |
| Leasing and similar obligations | 172 | €21,773 | €10,137 | -€11,637 | -53.4% |
| Credit institutions | 173 | €4,600,666 | €4,718,285 | +€117,619 | +2.6% |
| Other loans | 174 | €5,250,000 | €5,250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,862,000 | €2,277,000 | +€415,000 | +22.3% |
| Amounts payable within one year | 42/48 | €843,562 | €1,008,157 | +€164,595 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €565,754 | €651,044 | +€85,290 | +15.1% |
| Financial debts | 43 | €19,031 | €88,360 | +€69,330 | +364.3% |
| Credit institutions | 430/8 | €19,031 | €88,360 | +€69,330 | +364.3% |
| Trade debts | 44 | €100,047 | €128,735 | +€28,689 | +28.7% |
| Suppliers | 440/4 | €100,047 | €128,735 | +€28,689 | +28.7% |
| Taxes, remuneration and social security | 45 | €55,455 | €29,453 | -€26,002 | -46.9% |
| Taxes | 450/3 | €53,813 | €23,790 | -€30,023 | -55.8% |
| Remuneration and social security | 454/9 | €1,642 | €5,663 | +€4,021 | +244.9% |
| Other amounts payable | 47/48 | €103,276 | €110,564 | +€7,288 | +7.1% |
| Accrued charges and deferred income | 492/3 | €88,592 | €67,382 | -€21,210 | -23.9% |
| Operating income | 70/76A | €1,435,085 | €1,510,806 | +€75,721 | +5.3% |
| Turnover | 70 | €1,406,914 | €1,451,889 | +€44,975 | +3.2% |
| Other operating income | 74 | €28,171 | €58,917 | +€30,746 | +109.1% |
| Operating charges | 60/66A | €626,079 | €705,477 | +€79,398 | +12.7% |
| Goods for resale, raw materials and consumables | 60 | €4,495 | - | -€4,495 | |
| Purchases | 600/8 | €4,495 | - | -€4,495 | |
| Services and other goods | 61 | €345,411 | €510,715 | +€165,303 | +47.9% |
| Remuneration, social security and pensions | 62 | €129,882 | €1,206 | -€128,675 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,336 | €180,841 | +€48,505 | +36.7% |
| Other operating charges | 640/8 | €13,955 | €12,716 | -€1,240 | -8.9% |
| Operating profit (loss) | 9901 | €809,006 | €805,329 | -€3,677 | -0.5% |
| Financial income | 75/76B | €27,104 | €11,498 | -€15,606 | -57.6% |
| Recurring financial income | 75 | €27,104 | €11,498 | -€15,606 | -57.6% |
| Income from financial fixed assets | 750 | €27,104 | €11,491 | -€15,613 | -57.6% |
| Other financial income | 752/9 | €0 | €7 | +€7 | +74200.0% |
| Financial charges | 65/66B | €246,169 | €247,233 | +€1,064 | +0.4% |
| Recurring financial charges | 65 | €246,169 | €247,233 | +€1,064 | +0.4% |
| Debt charges | 650 | €245,289 | €245,082 | -€207 | -0.1% |
| Other financial charges | 652/9 | €880 | €2,152 | +€1,271 | +144.4% |
| Profit (loss) for the period before taxes | 9903 | €589,941 | €569,594 | -€20,347 | -3.4% |
| Transfer from deferred taxes | 780 | €11,664 | €11,724 | +€60 | +0.5% |
| Income taxes | 67/77 | €177,061 | €166,343 | -€10,718 | -6.1% |
| Taxes | 670/3 | €177,061 | €166,343 | -€10,718 | -6.1% |
| Profit (loss) for the period | 9904 | €424,544 | €414,975 | -€9,569 | -2.3% |
| Transfer from tax-exempt reserves | 789 | €34,991 | €35,172 | +€181 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €459,535 | €450,148 | -€9,387 | -2.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.