VERTOMMEN VASTGOED: 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.
VERTOMMEN VASTGOED
Largest movements
- Cash -€3.0m
down €3.0m (-35.9%), from €8.4m to €5.4m
mainly Contributions, distributions and other (-€5.0m) and Smaller working-capital items (-€7,331)
- Current investments -€1.0m
down €1.0m (-60.0%), from €1.7m to €682,539
- Tangible fixed assets -€315,284
down €315,284 (-11.9%), from €2.6m to €2.3m
of which Land and buildings: -€260,186
- Reserves -€4.5m
down €4.5m (-57.6%), from €7.8m to €3.3m
- Depreciation -€222,854
down €222,854 (-64.2%), from €347,195 to €124,341
- Other operating charges -€122,091
down €122,091 (-59.3%), from €205,934 to €83,843
- Gross operating margin -€88,341
down €88,341 (-11.8%), from €751,347 to €663,006
- Financial charges +€73,022
up €73,022 (+634%), from €11,516 to €84,538
- Financial income -€45,301
down €45,301 (-12.4%), from €366,356 to €321,056
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 | €12,785,831 | €8,386,845 | -€4.4m | -34.4% |
| Fixed assets | 21/28 | €2,648,973 | €2,333,689 | -€315,284 | -11.9% |
| Tangible fixed assets | 22/27 | €2,648,973 | €2,333,689 | -€315,284 | -11.9% |
| Land and buildings | 22 | €2,365,242 | €2,105,056 | -€260,186 | -11.0% |
| Plant, machinery and equipment | 23 | €204,167 | €170,252 | -€33,915 | -16.6% |
| Furniture and vehicles | 24 | €79,565 | €58,381 | -€21,184 | -26.6% |
| Current assets | 29/58 | €10,136,858 | €6,053,156 | -€4.1m | -40.3% |
| Amounts receivable within one year | 40/41 | €52,423 | - | -€52,423 | |
| Other amounts receivable | 41 | €52,423 | - | -€52,423 | |
| Current investments | 50/53 | €1,707,410 | €682,539 | -€1.0m | -60.0% |
| Cash at bank and in hand | 54/58 | €8,373,111 | €5,364,869 | -€3.0m | -35.9% |
| Deferred charges and accrued income | 490/1 | €3,914 | €5,747 | +€1,833 | +46.8% |
| Total equity and liabilities | 10/49 | €12,785,831 | €8,386,845 | -€4.4m | -34.4% |
| Equity | 10/15 | €12,776,907 | €8,314,723 | -€4.5m | -34.9% |
| Contributions | 10/11 | €5,024,775 | €5,024,775 | = | 0.0% |
| Reserves | 13 | €7,752,132 | €3,289,949 | -€4.5m | -57.6% |
| Distributable reserves | 133 | €7,752,132 | €3,289,949 | -€4.5m | -57.6% |
| Amounts payable | 17/49 | €8,924 | €72,122 | +€63,198 | +708% |
| Amounts payable within one year | 42/48 | €8,924 | €71,373 | +€62,449 | +700% |
| Trade debts | 44 | €6,080 | €950 | -€5,129 | -84.4% |
| Suppliers | 440/4 | €6,080 | €950 | -€5,129 | -84.4% |
| Taxes, remuneration and social security | 45 | - | €68,695 | +€68,695 | |
| Taxes | 450/3 | - | €68,695 | +€68,695 | |
| Other amounts payable | 47/48 | €2,844 | €1,727 | -€1,117 | -39.3% |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,195 | €124,341 | -€222,854 | -64.2% |
| Other operating charges | 640/8 | €205,934 | €83,843 | -€122,091 | -59.3% |
| Gross operating margin | 9900 | €751,347 | €663,006 | -€88,341 | -11.8% |
| Operating profit (loss) | 9901 | €198,218 | €454,822 | +€256,604 | +129% |
| Financial income | 75/76B | €366,356 | €321,056 | -€45,301 | -12.4% |
| Recurring financial income | 75 | €366,356 | €321,056 | -€45,301 | -12.4% |
| Financial charges | 65/66B | €11,516 | €84,538 | +€73,022 | +634% |
| Recurring financial charges | 65 | €11,516 | €84,538 | +€73,022 | +634% |
| Profit (loss) for the period before taxes | 9903 | €553,057 | €691,339 | +€138,282 | +25.0% |
| Income taxes | 67/77 | €169,664 | €200,983 | +€31,319 | +18.5% |
| Profit (loss) for the period | 9904 | €383,393 | €490,356 | +€106,963 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €383,393 | €490,356 | +€106,963 | +27.9% |
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 21 October 2026 via checked.be.