VERTO EW: 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.
VERTO EW
Largest movements
- Cash +€15,676
up €15,676 (+37.6%), from €41,719 to €57,395
mainly Other debts (+€32,128) and Net result for the year (+€18,189)
- Tangible fixed assets -€1,106
down €1,106 (-56.5%), from €1,959 to €853
of which Plant, machinery and equipment: -€1,015
- Deferred charges and accrued income -€1,021
no longer reported in 2025 (was €1,021)
- Other debts +€32,128
up €32,128 (+20,080%), from €160 to €32,288
- Profit (loss) carried forward -€13,811
down €13,811 (-42.2%), from €32,744 to €18,933
- Tax, wage and social debts -€2,742
down €2,742 (-16.3%), from €16,865 to €14,123
of which Taxes: -€2,742
- Trade debts -€1,792
down €1,792 (-37.2%), from €4,818 to €3,026
- Gross operating margin +€16,234
up €16,234 (+176%), from €9,242 to €25,476
- Taxes +€3,418
up €3,418 (+191%), from €1,791 to €5,209
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 | €57,087 | €70,936 | +€13,849 | +24.3% |
| Formation expenses | 20 | €285 | €41 | -€244 | -85.6% |
| Fixed assets | 21/28 | €1,959 | €853 | -€1,106 | -56.5% |
| Tangible fixed assets | 22/27 | €1,959 | €853 | -€1,106 | -56.5% |
| Plant, machinery and equipment | 23 | €1,838 | €823 | -€1,015 | -55.2% |
| Furniture and vehicles | 24 | €121 | €30 | -€91 | -75.2% |
| Current assets | 29/58 | €54,843 | €70,042 | +€15,199 | +27.7% |
| Amounts receivable within one year | 40/41 | €12,103 | €12,647 | +€544 | +4.5% |
| Trade receivables | 40 | €8,894 | €9,438 | +€544 | +6.1% |
| Other amounts receivable | 41 | €3,209 | €3,209 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,719 | €57,395 | +€15,676 | +37.6% |
| Deferred charges and accrued income | 490/1 | €1,021 | - | -€1,021 | |
| Total equity and liabilities | 10/49 | €57,087 | €70,936 | +€13,849 | +24.3% |
| Equity | 10/15 | €35,244 | €21,433 | -€13,811 | -39.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,744 | €18,933 | -€13,811 | -42.2% |
| Amounts payable | 17/49 | €21,843 | €49,503 | +€27,660 | +127% |
| Amounts payable within one year | 42/48 | €21,843 | €49,437 | +€27,594 | +126% |
| Trade debts | 44 | €4,818 | €3,026 | -€1,792 | -37.2% |
| Suppliers | 440/4 | €4,818 | €3,026 | -€1,792 | -37.2% |
| Taxes, remuneration and social security | 45 | €16,865 | €14,123 | -€2,742 | -16.3% |
| Taxes | 450/3 | €14,415 | €11,673 | -€2,742 | -19.0% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €160 | €32,288 | +€32,128 | +20,080% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | €9,066 | - | -€9,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,197 | €1,350 | +€153 | +12.8% |
| Other operating charges | 640/8 | €284 | €329 | +€45 | +15.8% |
| Gross operating margin | 9900 | €9,242 | €25,476 | +€16,234 | +176% |
| Operating profit (loss) | 9901 | €7,761 | €23,797 | +€16,036 | +207% |
| Financial income | 75/76B | €11 | €23 | +€12 | +109% |
| Recurring financial income | 75 | €11 | €23 | +€12 | +109% |
| Financial charges | 65/66B | €257 | €422 | +€165 | +64.2% |
| Recurring financial charges | 65 | €257 | €422 | +€165 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | €7,515 | €23,398 | +€15,883 | +211% |
| Income taxes | 67/77 | €1,791 | €5,209 | +€3,418 | +191% |
| Profit (loss) for the period | 9904 | €5,724 | €18,189 | +€12,465 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €5,724 | €18,189 | +€12,465 | +218% |
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 31 October 2026 via checked.be.