VERTOMMEN: what changed
What changed
VERTOMMEN
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€58,271
2023 · -€61,692+€3,421
Equity
€88,104
2023 · €146,375-€58,271
Cash
€22,008
2023 · €10,297+€11,711
Balance sheet total
€2.1m
2023 · €1.4m+€746,008
Largest movements
Assets
- Tangible fixed assets +€760,262
up €760,262 (+62.7%), from €1.2m to €2.0m
of which Land and buildings: +€649,409
- Current investments -€45,444
down €45,444 (-83.2%), from €54,631 to €9,186
- Receivables within one year +€22,428
up €22,428 (+25.6%), from €87,625 to €110,052
of which Trade receivables: +€11,827
Equity and liabilities
- Debts after one year +€612,796
up €612,796 (+57.6%), from €1.1m to €1.7m
- Short-term financial debts +€127,564
new in 2024: €127,564
- Other debts +€61,996
up €61,996 (+119%), from €52,011 to €114,007
- Profit (loss) carried forward -€58,271
down €58,271 (-189%), from -€30,910 to -€89,182
Income statement
- Financial charges +€27,413
up €27,413 (+92.1%), from €29,758 to €57,171
- Gross operating margin +€24,154
up €24,154 (+20.3%), from €119,254 to €143,408
- Financial income +€12,857
up €12,857 (+848%), from €1,517 to €14,374
- Depreciation +€10,620
up €10,620 (+7.8%), from €136,698 to €147,318
- Taxes -€6,675
down €6,675 (-96.8%), from €6,893 to €218
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€61,692
Gross operating margin
+€24,154
Depreciation
-€10,620
Other operating charges
-€2,232
Financial income
+€12,857
Financial charges
-€27,413
Taxes
+€6,675
Result 2024
-€58,271
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€131,322
Investment
-€862,135
Financing
+€742,524
Cash 2023
€10,297
From operations (derived)
+€131,322
Net result for the year
-€58,271
Depreciation
+€147,318
Smaller working-capital items
-€494
Receivables within one year
-€22,428
Deferred charges and accrued income
+€3,201
Other debts
+€61,996
Investment (derived)
-€862,135
Investment in fixed assets (net)
-€907,580
Current investments
+€45,444
Financing
+€742,524
Debts after one year
+€612,796
Current portion of long-term debt
+€2,164
Short-term financial debts
+€127,564
Cash 2024
€22,008
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,378,871 | €2,124,878 | +€746,008 | +54.1% |
| Fixed assets | 21/28 | €1,213,554 | €1,973,816 | +€760,262 | +62.6% |
| Tangible fixed assets | 22/27 | €1,213,304 | €1,973,566 | +€760,262 | +62.7% |
| Land and buildings | 22 | €1,119,857 | €1,769,266 | +€649,409 | +58.0% |
| Furniture and vehicles | 24 | €6,491 | €3,891 | -€2,600 | -40.1% |
| Other tangible fixed assets | 26 | €86,957 | €200,409 | +€113,452 | +130% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €165,317 | €151,063 | -€14,254 | -8.6% |
| Stocks and contracts in progress | 3 | €7,400 | €7,653 | +€253 | +3.4% |
| Stocks | 30/36 | €7,400 | €7,653 | +€253 | +3.4% |
| Amounts receivable within one year | 40/41 | €87,625 | €110,052 | +€22,428 | +25.6% |
| Trade receivables | 40 | €63,123 | €74,950 | +€11,827 | +18.7% |
| Other amounts receivable | 41 | €24,502 | €35,103 | +€10,601 | +43.3% |
| Current investments | 50/53 | €54,631 | €9,186 | -€45,444 | -83.2% |
| Cash at bank and in hand | 54/58 | €10,297 | €22,008 | +€11,711 | +114% |
| Deferred charges and accrued income | 490/1 | €5,365 | €2,163 | -€3,201 | -59.7% |
| Total equity and liabilities | 10/49 | €1,378,871 | €2,124,878 | +€746,008 | +54.1% |
| Equity | 10/15 | €146,375 | €88,104 | -€58,271 | -39.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €142,286 | €142,286 | = | 0.0% |
| Distributable reserves | 133 | €142,286 | €142,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,910 | -€89,182 | -€58,271 | -189% |
| Amounts payable | 17/49 | €1,232,495 | €2,036,774 | +€804,279 | +65.3% |
| Amounts payable after more than one year | 17 | €1,063,167 | €1,675,963 | +€612,796 | +57.6% |
| Financial debts | 170/4 | €1,063,167 | €1,675,963 | +€612,796 | +57.6% |
| Amounts payable within one year | 42/48 | €166,507 | €357,317 | +€190,809 | +115% |
| Current portion of amounts payable after more than one year | 42 | €66,870 | €69,034 | +€2,164 | +3.2% |
| Financial debts | 43 | - | €127,564 | +€127,564 | |
| Credit institutions | 430/8 | - | €127,564 | +€127,564 | |
| Trade debts | 44 | €42,120 | €40,431 | -€1,688 | -4.0% |
| Suppliers | 440/4 | €42,120 | €40,431 | -€1,688 | -4.0% |
| Advances received on contracts in progress | 46 | €3,280 | €4,293 | +€1,012 | +30.9% |
| Taxes, remuneration and social security | 45 | €2,226 | €1,988 | -€239 | -10.7% |
| Taxes | 450/3 | €2,226 | €1,988 | -€239 | -10.7% |
| Other amounts payable | 47/48 | €52,011 | €114,007 | +€61,996 | +119% |
| Accrued charges and deferred income | 492/3 | €2,821 | €3,495 | +€674 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,698 | €147,318 | +€10,620 | +7.8% |
| Other operating charges | 640/8 | €9,113 | €11,346 | +€2,232 | +24.5% |
| Gross operating margin | 9900 | €119,254 | €143,408 | +€24,154 | +20.3% |
| Operating profit (loss) | 9901 | -€26,557 | -€15,255 | +€11,302 | +42.6% |
| Financial income | 75/76B | €1,517 | €14,374 | +€12,857 | +848% |
| Recurring financial income | 75 | €1,517 | €14,374 | +€12,857 | +848% |
| Financial charges | 65/66B | €29,758 | €57,171 | +€27,413 | +92.1% |
| Recurring financial charges | 65 | €29,758 | €57,171 | +€27,413 | +92.1% |
| Profit (loss) for the period before taxes | 9903 | -€54,799 | -€58,053 | -€3,254 | -5.9% |
| Income taxes | 67/77 | €6,893 | €218 | -€6,675 | -96.8% |
| Profit (loss) for the period | 9904 | -€61,692 | -€58,271 | +€3,421 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,692 | -€58,271 | +€3,421 | +5.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.