VertoMan: 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.
VertoMan
Largest movements
- Current investments -€50,000
down €50,000 (-14.3%), from €350,000 to €300,000
- Tangible fixed assets +€12,372
up €12,372 (+13.2%), from €93,378 to €105,750
of which Other tangible fixed assets: +€11,400
- Cash +€10,441
up €10,441 (+19.0%), from €54,965 to €65,406
mainly Current investments (+€50,000) and Net result for the year (+€46,389)
- Other debts -€25,704
down €25,704 (-30.3%), from €84,701 to €58,997
- Tax, wage and social debts +€8,578
up €8,578 (+226%), from €3,794 to €12,372
- Reserves -€7,611
down €7,611 (-1.8%), from €430,174 to €422,563
- Depreciation +€12,412
up €12,412 (+62.8%), from €19,767 to €32,179
- Taxes -€2,812
down €2,812 (-12.8%), from €22,000 to €19,188
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 | €525,690 | €501,396 | -€24,294 | -4.6% |
| Fixed assets | 21/28 | €93,378 | €105,750 | +€12,372 | +13.2% |
| Tangible fixed assets | 22/27 | €93,378 | €105,750 | +€12,372 | +13.2% |
| Furniture and vehicles | 24 | €89,938 | €90,911 | +€972 | +1.1% |
| Other tangible fixed assets | 26 | €3,439 | €14,839 | +€11,400 | +331% |
| Current assets | 29/58 | €432,312 | €395,646 | -€36,666 | -8.5% |
| Amounts receivable within one year | 40/41 | €27,347 | €30,240 | +€2,892 | +10.6% |
| Trade receivables | 40 | €18,111 | €18,795 | +€684 | +3.8% |
| Other amounts receivable | 41 | €9,236 | €11,445 | +€2,209 | +23.9% |
| Current investments | 50/53 | €350,000 | €300,000 | -€50,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €54,965 | €65,406 | +€10,441 | +19.0% |
| Total equity and liabilities | 10/49 | €525,690 | €501,396 | -€24,294 | -4.6% |
| Equity | 10/15 | €436,408 | €428,797 | -€7,611 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €430,174 | €422,563 | -€7,611 | -1.8% |
| Distributable reserves | 133 | €430,174 | €422,563 | -€7,611 | -1.8% |
| Profit (loss) carried forward | 14 | €34 | €34 | +€0 | 0.0% |
| Amounts payable | 17/49 | €89,282 | €72,599 | -€16,683 | -18.7% |
| Amounts payable within one year | 42/48 | €89,282 | €72,599 | -€16,683 | -18.7% |
| Trade debts | 44 | €787 | €1,230 | +€443 | +56.2% |
| Suppliers | 440/4 | €787 | €1,230 | +€443 | +56.2% |
| Taxes, remuneration and social security | 45 | €3,794 | €12,372 | +€8,578 | +226% |
| Taxes | 450/3 | €3,794 | €12,372 | +€8,578 | +226% |
| Other amounts payable | 47/48 | €84,701 | €58,997 | -€25,704 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,767 | €32,179 | +€12,412 | +62.8% |
| Other operating charges | 640/8 | €1,265 | €1,132 | -€133 | -10.5% |
| Gross operating margin | 9900 | €89,116 | €88,487 | -€629 | -0.7% |
| Operating profit (loss) | 9901 | €68,084 | €55,176 | -€12,908 | -19.0% |
| Financial income | 75/76B | €10,958 | €10,565 | -€393 | -3.6% |
| Recurring financial income | 75 | €10,958 | €10,565 | -€393 | -3.6% |
| Financial charges | 65/66B | €165 | €164 | -€1 | -0.9% |
| Recurring financial charges | 65 | €165 | €164 | -€1 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €78,877 | €65,577 | -€13,300 | -16.9% |
| Income taxes | 67/77 | €22,000 | €19,188 | -€2,812 | -12.8% |
| Profit (loss) for the period | 9904 | €56,877 | €46,389 | -€10,488 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,877 | €46,389 | -€10,488 | -18.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.