Vertom OG Exploitatie: 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
Vertom OG Exploitatie
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,050
2024 · €12,756+€15,294
Equity
€431,992
2024 · €403,942+€28,050
Cash
€11,687
2024 · €4,074+€7,613
Balance sheet total
€1.7m
2024 · €1.7m-€50,320
Largest movements
Assets
- Tangible fixed assets -€47,230
down €47,230 (-2.8%), from €1.7m to €1.6m
of which Land and buildings: -€45,347
Equity and liabilities
- Debts after one year -€83,074
down €83,074 (-11.1%), from €746,254 to €663,180
- Profit (loss) carried forward +€28,050
up €28,050 (+7.3%), from €385,612 to €413,662
Income statement
- Services and other goods -€36,202
down €36,202 (-50.4%), from €71,788 to €35,586
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
€12,756
Staff costs
-€1,517
Depreciation
-€744
Other operating charges
-€7,321
Other operating items
+€42,179
Financial charges
-€11,869
Taxes
-€5,433
Result 2025
€28,050
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
+€89,518
Investment
€0
Financing
-€81,905
Cash 2024
€4,074
From operations (derived)
+€89,518
Net result for the year
+€28,050
Depreciation
+€47,230
Receivables within one year
+€10,937
Deferred charges and accrued income
-€234
Provisions
-€1,915
Trade debts
-€13,356
Tax, wage and social debts
+€6,362
Other debts
-€1,629
Accrued charges and deferred income
+€14,075
Financing
-€81,905
Debts after one year
-€83,074
Current portion of long-term debt
+€1,169
Cash 2025
€11,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,724,106 | €1,673,786 | -€50,320 | -2.9% |
| Fixed assets | 21/28 | €1,696,256 | €1,649,026 | -€47,230 | -2.8% |
| Tangible fixed assets | 22/27 | €1,696,256 | €1,649,026 | -€47,230 | -2.8% |
| Land and buildings | 22 | €1,680,600 | €1,635,252 | -€45,347 | -2.7% |
| Furniture and vehicles | 24 | €15,656 | €13,773 | -€1,883 | -12.0% |
| Current assets | 29/58 | €27,850 | €24,760 | -€3,090 | -11.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €23,592 | €12,655 | -€10,937 | -46.4% |
| Trade receivables | 40 | €23,592 | €12,650 | -€10,942 | -46.4% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €4,074 | €11,687 | +€7,613 | +186.9% |
| Deferred charges and accrued income | 490/1 | €184 | €419 | +€234 | +127.3% |
| Total equity and liabilities | 10/49 | €1,724,106 | €1,673,786 | -€50,320 | -2.9% |
| Equity | 10/15 | €403,942 | €431,992 | +€28,050 | +6.9% |
| Contributions | 10/11 | €16,829 | €16,829 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,612 | €413,662 | +€28,050 | +7.3% |
| Provisions and deferred taxes | 16 | €45,969 | €44,054 | -€1,915 | -4.2% |
| Deferred taxes | 168 | €45,969 | €44,054 | -€1,915 | -4.2% |
| Amounts payable | 17/49 | €1,274,195 | €1,197,740 | -€76,455 | -6.0% |
| Amounts payable after more than one year | 17 | €746,254 | €663,180 | -€83,074 | -11.1% |
| Financial debts | 170/4 | €746,254 | €663,180 | -€83,074 | -11.1% |
| Credit institutions | 173 | €746,254 | €663,180 | -€83,074 | -11.1% |
| Amounts payable within one year | 42/48 | €526,595 | €519,139 | -€7,455 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €81,905 | €83,074 | +€1,169 | +1.4% |
| Trade debts | 44 | €35,233 | €21,876 | -€13,356 | -37.9% |
| Suppliers | 440/4 | €35,233 | €21,876 | -€13,356 | -37.9% |
| Taxes, remuneration and social security | 45 | €8,627 | €14,989 | +€6,362 | +73.7% |
| Taxes | 450/3 | €8,627 | €14,989 | +€6,362 | +73.7% |
| Other amounts payable | 47/48 | €400,830 | €399,200 | -€1,629 | -0.4% |
| Accrued charges and deferred income | 492/3 | €1,346 | €15,421 | +€14,075 | +1045.5% |
| Operating income | 70/76A | €147,464 | €153,440 | +€5,976 | +4.1% |
| Other operating income | 74 | €147,464 | €153,440 | +€5,976 | +4.1% |
| Operating charges | 60/66A | €119,709 | €93,090 | -€26,619 | -22.2% |
| Services and other goods | 61 | €71,788 | €35,586 | -€36,202 | -50.4% |
| Remuneration, social security and pensions | 62 | - | €1,517 | +€1,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,486 | €47,230 | +€744 | +1.6% |
| Other operating charges | 640/8 | €1,435 | €8,757 | +€7,321 | +510.1% |
| Operating profit (loss) | 9901 | €27,754 | €60,350 | +€32,596 | +117.4% |
| Financial charges | 65/66B | €12,136 | €24,005 | +€11,869 | +97.8% |
| Recurring financial charges | 65 | €12,136 | €24,005 | +€11,869 | +97.8% |
| Debt charges | 650 | €11,986 | €23,759 | +€11,773 | +98.2% |
| Other financial charges | 652/9 | €150 | €246 | +€96 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €15,619 | €36,345 | +€20,727 | +132.7% |
| Transfer from deferred taxes | 780 | €1,915 | €1,915 | = | 0.0% |
| Income taxes | 67/77 | €4,778 | €10,211 | +€5,433 | +113.7% |
| Taxes | 670/3 | €4,778 | €10,211 | +€5,433 | +113.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €12,756 | €28,050 | +€15,294 | +119.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,756 | €28,050 | +€15,294 | +119.9% |
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.