VertomCory Antwerp: 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.
VertomCory Antwerp
Largest movements
- Deferred charges and accrued income -€227,908
down €227,908 (-79.8%), from €285,526 to €57,617
- Receivables within one year -€111,562
down €111,562 (-2.6%), from €4.2m to €4.1m
of which Trade receivables: -€131,371
- Tangible fixed assets -€89,202
down €89,202 (-34.2%), from €260,982 to €171,780
of which Furniture and vehicles: -€87,583
- Cash -€84,895
down €84,895 (-21.8%), from €389,570 to €304,675
mainly Trade debts (-€653,843) and Contributions, distributions and other (-€85,000)
- Trade debts -€653,843
down €653,843 (-22.9%), from €2.9m to €2.2m
- Tax, wage and social debts +€166,849
up €166,849 (+64.8%), from €257,389 to €424,239
of which Taxes: +€107,238
- Profit (loss) carried forward -€83,938
down €83,938 (-6.7%), from €1.3m to €1.2m
- Other debts +€82,168
up €82,168 (+10.4%), from €790,487 to €872,655
- Turnover -€221,558
down €221,558 (-8.5%), from €2.6m to €2.4m
- Financial income +€81,947
up €81,947 (+36.2%), from €226,327 to €308,275
- Services and other goods +€70,318
up €70,318 (+6.8%), from €1.0m to €1.1m
- Taxes -€43,475
down €43,475 (-89.6%), from €48,511 to €5,036
of which Taxes: -€43,475
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 | €5,408,444 | €4,894,952 | -€513,492 | -9.5% |
| Fixed assets | 21/28 | €484,040 | €394,912 | -€89,127 | -18.4% |
| Tangible fixed assets | 22/27 | €260,982 | €171,780 | -€89,202 | -34.2% |
| Plant, machinery and equipment | 23 | €3,227 | €1,607 | -€1,619 | -50.2% |
| Furniture and vehicles | 24 | €257,755 | €170,173 | -€87,583 | -34.0% |
| Financial fixed assets | 28 | €223,057 | €223,132 | +€75 | 0.0% |
| Affiliated companies | 280/1 | €213,770 | €213,770 | = | 0.0% |
| Participating interests | 280 | €213,770 | €213,770 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,288 | €9,363 | +€75 | +0.8% |
| Amounts receivable and cash guarantees | 285/8 | €9,288 | €9,363 | +€75 | +0.8% |
| Current assets | 29/58 | €4,924,405 | €4,500,040 | -€424,365 | -8.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,249,309 | €4,137,747 | -€111,562 | -2.6% |
| Trade receivables | 40 | €4,009,363 | €3,877,992 | -€131,371 | -3.3% |
| Other amounts receivable | 41 | €239,946 | €259,755 | +€19,809 | +8.3% |
| Cash at bank and in hand | 54/58 | €389,570 | €304,675 | -€84,895 | -21.8% |
| Deferred charges and accrued income | 490/1 | €285,526 | €57,617 | -€227,908 | -79.8% |
| Total equity and liabilities | 10/49 | €5,408,444 | €4,894,952 | -€513,492 | -9.5% |
| Equity | 10/15 | €1,449,115 | €1,359,355 | -€89,760 | -6.2% |
| Contributions | 10/11 | €51,371 | €51,371 | = | 0.0% |
| Reserves | 13 | €144,297 | €138,475 | -€5,822 | -4.0% |
| Tax-exempt reserves | 132 | €139,717 | €133,896 | -€5,822 | -4.2% |
| Distributable reserves | 133 | €4,579 | €4,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,253,448 | €1,169,509 | -€83,938 | -6.7% |
| Provisions and deferred taxes | 16 | €602 | €576 | -€25 | -4.2% |
| Deferred taxes | 168 | €602 | €576 | -€25 | -4.2% |
| Amounts payable | 17/49 | €3,958,727 | €3,535,021 | -€423,707 | -10.7% |
| Amounts payable within one year | 42/48 | €3,908,824 | €3,503,997 | -€404,826 | -10.4% |
| Trade debts | 44 | €2,860,947 | €2,207,104 | -€653,843 | -22.9% |
| Suppliers | 440/4 | €2,860,947 | €2,207,104 | -€653,843 | -22.9% |
| Taxes, remuneration and social security | 45 | €257,389 | €424,239 | +€166,849 | +64.8% |
| Taxes | 450/3 | €33,984 | €141,221 | +€107,238 | +316% |
| Remuneration and social security | 454/9 | €223,405 | €283,017 | +€59,612 | +26.7% |
| Other amounts payable | 47/48 | €790,487 | €872,655 | +€82,168 | +10.4% |
| Accrued charges and deferred income | 492/3 | €49,904 | €31,023 | -€18,881 | -37.8% |
| Operating income | 70/76A | €3,339,654 | €3,135,250 | -€204,405 | -6.1% |
| Turnover | 70 | €2,619,457 | €2,397,899 | -€221,558 | -8.5% |
| Other operating income | 74 | €697,176 | €719,577 | +€22,400 | +3.2% |
| Non-recurring operating income | 76A | €23,021 | €17,774 | -€5,247 | -22.8% |
| Operating charges | 60/66A | €3,358,949 | €3,385,825 | +€26,876 | +0.8% |
| Services and other goods | 61 | €1,039,771 | €1,110,089 | +€70,318 | +6.8% |
| Remuneration, social security and pensions | 62 | €2,199,843 | €2,209,066 | +€9,223 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,636 | €64,502 | -€15,134 | -19.0% |
| Other operating charges | 640/8 | €16,265 | €2,100 | -€14,165 | -87.1% |
| Non-recurring operating charges | 66A | €23,434 | €68 | -€23,366 | -99.7% |
| Operating profit (loss) | 9901 | -€19,294 | -€250,575 | -€231,281 | -1,199% |
| Financial income | 75/76B | €226,327 | €308,275 | +€81,947 | +36.2% |
| Recurring financial income | 75 | €226,327 | €308,275 | +€81,947 | +36.2% |
| Income from financial fixed assets | 750 | €160,000 | €230,000 | +€70,000 | +43.8% |
| Other financial income | 752/9 | €66,327 | €78,275 | +€11,947 | +18.0% |
| Financial charges | 65/66B | €32,123 | €57,450 | +€25,327 | +78.8% |
| Recurring financial charges | 65 | €32,123 | €57,450 | +€25,327 | +78.8% |
| Debt charges | 650 | €383 | €327 | -€56 | -14.7% |
| Other financial charges | 652/9 | €31,740 | €57,123 | +€25,383 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €174,910 | €250 | -€174,660 | -99.9% |
| Transfer from deferred taxes | 780 | €25 | €25 | = | 0.0% |
| Income taxes | 67/77 | €48,511 | €5,036 | -€43,475 | -89.6% |
| Taxes | 670/3 | €48,511 | €5,036 | -€43,475 | -89.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €126,424 | -€4,760 | -€131,184 | |
| Transfer from tax-exempt reserves | 789 | €5,822 | €5,822 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,246 | €1,062 | -€131,184 | -99.2% |
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 23 October 2026 via checked.be.