VERTOMIND: 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.
VERTOMIND
Largest movements
- Cash +€33,131
up €33,131 (+377%), from €8,781 to €41,912
mainly Receivables within one year (+€20,097) and Net result for the year (+€10,047)
- Receivables within one year -€20,097
down €20,097 (-90.2%), from €22,285 to €2,188
of which Trade receivables: -€10,467
- Reserves +€10,047
up €10,047 (+41.0%), from €24,509 to €34,556
- Tax, wage and social debts +€2,911
up €2,911 (+672%), from €433 to €3,344
- Gross operating margin +€8,829
up €8,829 (+136%), from €6,501 to €15,330
- Taxes +€2,911
up €2,911 (+151%), from €1,933 to €4,844
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 | €31,142 | €44,100 | +€12,957 | +41.6% |
| Fixed assets | 21/28 | €76 | €0 | -€76 | -100% |
| Financial fixed assets | 28 | €76 | €0 | -€76 | -100% |
| Current assets | 29/58 | €31,066 | €44,100 | +€13,033 | +42.0% |
| Amounts receivable within one year | 40/41 | €22,285 | €2,188 | -€20,097 | -90.2% |
| Trade receivables | 40 | €10,467 | €0 | -€10,467 | -100% |
| Other amounts receivable | 41 | €11,818 | €2,188 | -€9,630 | -81.5% |
| Cash at bank and in hand | 54/58 | €8,781 | €41,912 | +€33,131 | +377% |
| Total equity and liabilities | 10/49 | €31,142 | €44,100 | +€12,957 | +41.6% |
| Equity | 10/15 | €30,709 | €40,756 | +€10,047 | +32.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,509 | €34,556 | +€10,047 | +41.0% |
| Distributable reserves | 133 | €24,509 | €34,556 | +€10,047 | +41.0% |
| Amounts payable | 17/49 | €433 | €3,344 | +€2,911 | +672% |
| Amounts payable within one year | 42/48 | €433 | €3,344 | +€2,911 | +672% |
| Taxes, remuneration and social security | 45 | €433 | €3,344 | +€2,911 | +672% |
| Taxes | 450/3 | €433 | €3,344 | +€2,911 | +672% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €6,501 | €15,330 | +€8,829 | +136% |
| Operating profit (loss) | 9901 | €6,114 | €14,931 | +€8,817 | +144% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €6,075 | €14,890 | +€8,815 | +145% |
| Income taxes | 67/77 | €1,933 | €4,844 | +€2,911 | +151% |
| Profit (loss) for the period | 9904 | €4,142 | €10,047 | +€5,905 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €4,142 | €10,047 | +€5,905 | +143% |
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 19 October 2026 via checked.be.