VERTONGEN-MEES: 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-MEES
Largest movements
- Cash +€12,578
up €12,578 (+96.7%), from €13,013 to €25,591
mainly Net result for the year (+€19,875) and Receivables after one year (+€12,000)
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Tangible fixed assets -€1,780
down €1,780 (-31.9%), from €5,577 to €3,797
of which Furniture and vehicles: -€1,622
- Receivables within one year +€1,730
up €1,730 (+22.3%), from €7,744 to €9,474
of which Trade receivables: +€1,730
- Debts after one year -€1,629
down €1,629 (-40.2%), from €4,047 to €2,419
- Other debts +€1,453
up €1,453 (+6.5%), from €22,449 to €23,902
- Trade debts +€452
up €452 (+48.8%), from €927 to €1,379
- Gross operating margin +€2,897
up €2,897 (+9.8%), from €29,642 to €32,539
- Financial charges +€839
up €839 (+52.1%), from €1,610 to €2,450
- Financial income -€673
down €673 (-100.0%), from €673 to €0
- Staff costs -€656
down €656 (-32.4%), from €2,024 to €1,368
- Depreciation +€563
up €563 (+46.3%), from €1,217 to €1,780
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 | €38,334 | €38,862 | +€528 | +1.4% |
| Fixed assets | 21/28 | €5,577 | €3,797 | -€1,780 | -31.9% |
| Tangible fixed assets | 22/27 | €5,577 | €3,797 | -€1,780 | -31.9% |
| Land and buildings | 22 | €1,769 | €1,612 | -€157 | -8.9% |
| Furniture and vehicles | 24 | €3,808 | €2,185 | -€1,622 | -42.6% |
| Current assets | 29/58 | €32,757 | €35,065 | +€2,308 | +7.0% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Amounts receivable within one year | 40/41 | €7,744 | €9,474 | +€1,730 | +22.3% |
| Trade receivables | 40 | €7,744 | €9,474 | +€1,730 | +22.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,013 | €25,591 | +€12,578 | +96.7% |
| Total equity and liabilities | 10/49 | €38,334 | €38,862 | +€528 | +1.4% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,334 | €35,862 | +€528 | +1.5% |
| Amounts payable after more than one year | 17 | €4,047 | €2,419 | -€1,629 | -40.2% |
| Financial debts | 170/4 | €4,047 | €2,419 | -€1,629 | -40.2% |
| Amounts payable within one year | 42/48 | €31,052 | €33,208 | +€2,157 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €1,567 | €1,629 | +€62 | +4.0% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €927 | €1,379 | +€452 | +48.8% |
| Suppliers | 440/4 | €927 | €1,379 | +€452 | +48.8% |
| Taxes, remuneration and social security | 45 | €6,109 | €6,278 | +€169 | +2.8% |
| Taxes | 450/3 | €6,109 | €6,278 | +€169 | +2.8% |
| Other amounts payable | 47/48 | €22,449 | €23,902 | +€1,453 | +6.5% |
| Accrued charges and deferred income | 492/3 | €235 | €235 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,024 | €1,368 | -€656 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €1,780 | +€563 | +46.3% |
| Other operating charges | 640/8 | €980 | €1,193 | +€213 | +21.7% |
| Gross operating margin | 9900 | €29,642 | €32,539 | +€2,897 | +9.8% |
| Operating profit (loss) | 9901 | €25,421 | €28,198 | +€2,778 | +10.9% |
| Financial income | 75/76B | €673 | €0 | -€673 | -100.0% |
| Recurring financial income | 75 | €673 | €0 | -€673 | -100.0% |
| Financial charges | 65/66B | €1,610 | €2,450 | +€839 | +52.1% |
| Recurring financial charges | 65 | €1,610 | €2,450 | +€839 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €24,483 | €25,749 | +€1,266 | +5.2% |
| Income taxes | 67/77 | €5,807 | €5,874 | +€68 | +1.2% |
| Profit (loss) for the period | 9904 | €18,677 | €19,875 | +€1,198 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,677 | €19,875 | +€1,198 | +6.4% |
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 24 October 2026 via checked.be.