VERTONGEN: 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.
VERTONGEN
Largest movements
- Receivables within one year +€68,769
up €68,769 (+47.0%), from €146,410 to €215,180
of which Other amounts receivable: +€55,290
- Cash -€11,751
no longer reported in 2024 (was €11,751)
mainly Receivables within one year (-€68,769) and Trade debts (-€8,451)
- Tangible fixed assets -€9,258
down €9,258 (-8.1%), from €113,913 to €104,655
of which Land and buildings: -€8,794
- Reserves +€36,970
up €36,970 (+15.5%), from €239,049 to €276,019
of which Distributable reserves: +€36,970
- Tax, wage and social debts +€18,414
up €18,414 (+65.9%), from €27,943 to €46,357
- Trade debts -€8,451
down €8,451 (-39.8%), from €21,213 to €12,761
- Gross operating margin +€11,358
up €11,358 (+19.4%), from €58,624 to €69,982
- Financial charges +€4,091
up €4,091 (+110%), from €3,725 to €7,816
- Other operating charges +€1,824
up €1,824 (+474%), from €385 to €2,209
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,314 | €360,960 | +€47,646 | +15.2% |
| Fixed assets | 21/28 | €113,913 | €104,655 | -€9,258 | -8.1% |
| Tangible fixed assets | 22/27 | €113,913 | €104,655 | -€9,258 | -8.1% |
| Land and buildings | 22 | €113,083 | €104,289 | -€8,794 | -7.8% |
| Plant, machinery and equipment | 23 | €830 | €366 | -€464 | -55.9% |
| Current assets | 29/58 | €199,401 | €256,304 | +€56,904 | +28.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €146,410 | €215,180 | +€68,769 | +47.0% |
| Trade receivables | 40 | €7,494 | €20,974 | +€13,480 | +180% |
| Other amounts receivable | 41 | €138,916 | €194,206 | +€55,290 | +39.8% |
| Cash at bank and in hand | 54/58 | €11,751 | - | -€11,751 | |
| Deferred charges and accrued income | 490/1 | €1,240 | €1,125 | -€115 | -9.3% |
| Total equity and liabilities | 10/49 | €313,314 | €360,960 | +€47,646 | +15.2% |
| Equity | 10/15 | €258,049 | €295,019 | +€36,970 | +14.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | - | -€19,000 | |
| Other | 1109/19 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €239,049 | €276,019 | +€36,970 | +15.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €237,149 | €274,119 | +€36,970 | +15.6% |
| Amounts payable | 17/49 | €55,265 | €65,941 | +€10,676 | +19.3% |
| Amounts payable within one year | 42/48 | €55,265 | €65,941 | +€10,676 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €2,444 | €2,649 | +€205 | +8.4% |
| Financial debts | 43 | - | €2,108 | +€2,108 | |
| Credit institutions | 430/8 | - | €2,108 | +€2,108 | |
| Trade debts | 44 | €21,213 | €12,761 | -€8,451 | -39.8% |
| Suppliers | 440/4 | €21,213 | €12,761 | -€8,451 | -39.8% |
| Taxes, remuneration and social security | 45 | €27,943 | €46,357 | +€18,414 | +65.9% |
| Taxes | 450/3 | €27,943 | €46,357 | +€18,414 | +65.9% |
| Other amounts payable | 47/48 | €3,666 | €2,066 | -€1,600 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,134 | €9,258 | +€124 | +1.4% |
| Other operating charges | 640/8 | €385 | €2,209 | +€1,824 | +474% |
| Gross operating margin | 9900 | €58,624 | €69,982 | +€11,358 | +19.4% |
| Operating profit (loss) | 9901 | €49,106 | €58,515 | +€9,409 | +19.2% |
| Financial income | 75/76B | €11 | €79 | +€68 | +607% |
| Recurring financial income | 75 | €11 | €79 | +€68 | +607% |
| Financial charges | 65/66B | €3,725 | €7,816 | +€4,091 | +110% |
| Recurring financial charges | 65 | €3,725 | €7,816 | +€4,091 | +110% |
| Profit (loss) for the period before taxes | 9903 | €45,392 | €50,778 | +€5,387 | +11.9% |
| Income taxes | 67/77 | €14,352 | €13,808 | -€544 | -3.8% |
| Profit (loss) for the period | 9904 | €31,039 | €36,970 | +€5,931 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,039 | €36,970 | +€5,931 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.