VERTOLABS: 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.
VERTOLABS
Largest movements
- Receivables within one year +€10,623
up €10,623 (+78.3%), from €13,564 to €24,187
of which Trade receivables: +€10,612
- Cash +€10,184
up €10,184 (+40.7%), from €25,008 to €35,192
mainly Net result for the year (+€32,259) and Other debts (+€13,789)
- Tangible fixed assets -€9,477
down €9,477 (-19.1%), from €49,640 to €40,163
- Deferred charges and accrued income +€6,793
up €6,793 (+303.4%), from €2,239 to €9,032
- Other debts +€13,789
up €13,789 (+49.4%), from €27,939 to €41,728
- Tax, wage and social debts +€6,842
up €6,842 (+92.8%), from €7,371 to €14,213
- Reserves -€2,741
down €2,741 (-5.8%), from €47,488 to €44,747
- Gross operating margin +€16,042
up €16,042 (+41.0%), from €39,111 to €55,153
- Taxes +€3,238
up €3,238 (+53.5%), from €6,051 to €9,288
- Depreciation +€2,012
up €2,012 (+22.2%), from €9,049 to €11,061
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 | €90,451 | €108,574 | +€18,123 | +20.0% |
| Fixed assets | 21/28 | €49,640 | €40,163 | -€9,477 | -19.1% |
| Tangible fixed assets | 22/27 | €49,640 | €40,163 | -€9,477 | -19.1% |
| Plant, machinery and equipment | 23 | €14,702 | €10,828 | -€3,874 | -26.4% |
| Furniture and vehicles | 24 | €5,203 | €2,933 | -€2,271 | -43.6% |
| Other tangible fixed assets | 26 | €29,735 | €26,403 | -€3,332 | -11.2% |
| Current assets | 29/58 | €40,811 | €68,411 | +€27,599 | +67.6% |
| Amounts receivable within one year | 40/41 | €13,564 | €24,187 | +€10,623 | +78.3% |
| Trade receivables | 40 | €13,564 | €24,176 | +€10,612 | +78.2% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €25,008 | €35,192 | +€10,184 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,239 | €9,032 | +€6,793 | +303.4% |
| Total equity and liabilities | 10/49 | €90,451 | €108,574 | +€18,123 | +20.0% |
| Equity | 10/15 | €54,488 | €51,747 | -€2,741 | -5.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €47,488 | €44,747 | -€2,741 | -5.8% |
| Distributable reserves | 133 | €47,488 | €44,747 | -€2,741 | -5.8% |
| Amounts payable | 17/49 | €35,963 | €56,827 | +€20,864 | +58.0% |
| Amounts payable within one year | 42/48 | €35,963 | €56,827 | +€20,864 | +58.0% |
| Trade debts | 44 | €654 | €887 | +€233 | +35.6% |
| Suppliers | 440/4 | €654 | €887 | +€233 | +35.6% |
| Taxes, remuneration and social security | 45 | €7,371 | €14,213 | +€6,842 | +92.8% |
| Taxes | 450/3 | €7,371 | €14,213 | +€6,842 | +92.8% |
| Other amounts payable | 47/48 | €27,939 | €41,728 | +€13,789 | +49.4% |
| Remuneration, social security and pensions | 62 | - | €161 | +€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,049 | €11,061 | +€2,012 | +22.2% |
| Other operating charges | 640/8 | €493 | €671 | +€177 | +36.0% |
| Gross operating margin | 9900 | €39,111 | €55,153 | +€16,042 | +41.0% |
| Operating profit (loss) | 9901 | €29,569 | €43,260 | +€13,692 | +46.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,032 | €1,713 | -€319 | -15.7% |
| Recurring financial charges | 65 | €2,032 | €1,713 | -€319 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €27,538 | €41,547 | +€14,009 | +50.9% |
| Income taxes | 67/77 | €6,051 | €9,288 | +€3,238 | +53.5% |
| Profit (loss) for the period | 9904 | €21,488 | €32,259 | +€10,771 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,488 | €32,259 | +€10,771 | +50.1% |
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 11 October 2026 via checked.be.