VERTOFIX: 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.
VERTOFIX
Largest movements
- Receivables within one year -€31,410
down €31,410 (-38.6%), from €81,471 to €50,061
of which Trade receivables: -€31,706
- Cash +€22,167
up €22,167 (+53.3%), from €41,555 to €63,722
mainly Receivables within one year (+€31,410) and Net result for the year (+€26,918)
- Tangible fixed assets +€8,813
up €8,813 (+85.4%), from €10,323 to €19,135
of which Land and buildings: +€4,867
- Profit (loss) carried forward +€25,252
up €25,252 (+26.4%), from €95,498 to €120,751
- Other debts -€18,976
down €18,976 (-94.2%), from €20,142 to €1,166
- Tax, wage and social debts -€4,576
down €4,576 (-41.5%), from €11,023 to €6,446
of which Taxes: -€2,904
- Trade debts -€1,757
down €1,757 (-96.5%), from €1,821 to €64
- Gross operating margin -€13,450
down €13,450 (-23.5%), from €57,191 to €43,741
- Financial charges -€1,422
down €1,422 (-56.1%), from €2,533 to €1,111
- Taxes -€1,349
down €1,349 (-12.8%), from €10,533 to €9,184
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 | €134,862 | €134,427 | -€435 | -0.3% |
| Fixed assets | 21/28 | €10,343 | €19,155 | +€8,813 | +85.2% |
| Tangible fixed assets | 22/27 | €10,323 | €19,135 | +€8,813 | +85.4% |
| Land and buildings | 22 | - | €4,867 | +€4,867 | |
| Plant, machinery and equipment | 23 | €4,591 | €9,242 | +€4,652 | +101.3% |
| Other tangible fixed assets | 26 | €5,732 | €5,026 | -€706 | -12.3% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €124,519 | €115,271 | -€9,248 | -7.4% |
| Amounts receivable within one year | 40/41 | €81,471 | €50,061 | -€31,410 | -38.6% |
| Trade receivables | 40 | €81,471 | €49,765 | -€31,706 | -38.9% |
| Other amounts receivable | 41 | €0 | €296 | +€296 | |
| Cash at bank and in hand | 54/58 | €41,555 | €63,722 | +€22,167 | +53.3% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,488 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €134,862 | €134,427 | -€435 | -0.3% |
| Equity | 10/15 | €101,498 | €126,751 | +€25,252 | +24.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,498 | €120,751 | +€25,252 | +26.4% |
| Amounts payable | 17/49 | €33,363 | €7,676 | -€25,687 | -77.0% |
| Amounts payable within one year | 42/48 | €32,985 | €7,676 | -€25,309 | -76.7% |
| Trade debts | 44 | €1,821 | €64 | -€1,757 | -96.5% |
| Suppliers | 440/4 | €1,821 | €64 | -€1,757 | -96.5% |
| Taxes, remuneration and social security | 45 | €11,023 | €6,446 | -€4,576 | -41.5% |
| Taxes | 450/3 | €9,350 | €6,446 | -€2,904 | -31.1% |
| Remuneration and social security | 454/9 | €1,672 | €0 | -€1,672 | -100.0% |
| Other amounts payable | 47/48 | €20,142 | €1,166 | -€18,976 | -94.2% |
| Accrued charges and deferred income | 492/3 | €378 | €0 | -€378 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,920 | €2,080 | +€160 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,781 | €3,647 | -€134 | -3.5% |
| Other operating charges | 640/8 | €524 | €881 | +€357 | +68.0% |
| Gross operating margin | 9900 | €57,191 | €43,741 | -€13,450 | -23.5% |
| Operating profit (loss) | 9901 | €50,966 | €37,134 | -€13,833 | -27.1% |
| Financial income | 75/76B | €0 | €80 | +€80 | |
| Recurring financial income | 75 | €0 | €80 | +€80 | |
| Financial charges | 65/66B | €2,533 | €1,111 | -€1,422 | -56.1% |
| Recurring financial charges | 65 | €2,533 | €1,111 | -€1,422 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €48,434 | €36,103 | -€12,331 | -25.5% |
| Income taxes | 67/77 | €10,533 | €9,184 | -€1,349 | -12.8% |
| Profit (loss) for the period | 9904 | €37,901 | €26,918 | -€10,983 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,901 | €26,918 | -€10,983 | -29.0% |
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 9 October 2026 via checked.be.