Vertongen Technics: what changed
Two fiscal 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 Technics
Largest movements
- Tangible fixed assets -€11,097
down €11,097 (-6.0%), from €186,209 to €175,112
of which Land and buildings: -€11,816
- Stocks and contracts +€6,061
up €6,061 (+94.3%), from €6,428 to €12,489
- Cash +€5,431
up €5,431 (+2.8%), from €194,010 to €199,442
mainly Other debts (+€58,339) and Net result for the year (+€38,418)
- Reserves -€61,582
down €61,582 (-31.0%), from €198,819 to €137,237
- Other debts +€58,339
up €58,339 (+200.8%), from €29,053 to €87,393
- Tax, wage and social debts +€19,765
up €19,765 (+445.9%), from €4,432 to €24,198
of which Taxes: +€19,765
- Debts after one year -€7,614
down €7,614 (-6.3%), from €121,513 to €113,899
- Trade debts -€4,708
down €4,708 (-20.9%), from €22,543 to €17,835
- Gross operating margin +€14,168
up €14,168 (+22.1%), from €63,980 to €78,147
- Taxes +€7,754
up €7,754 (+65.0%), from €11,939 to €19,693
- Depreciation +€1,103
up €1,103 (+7.5%), from €14,780 to €15,883
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.
Cash bridge derived
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 | €398,816 | €402,434 | +€3,619 | +0.9% |
| Fixed assets | 21/28 | €186,209 | €175,112 | -€11,097 | -6.0% |
| Tangible fixed assets | 22/27 | €186,209 | €175,112 | -€11,097 | -6.0% |
| Land and buildings | 22 | €174,317 | €162,501 | -€11,816 | -6.8% |
| Plant, machinery and equipment | 23 | €8,693 | €9,344 | +€651 | +7.5% |
| Furniture and vehicles | 24 | €3,200 | €3,267 | +€67 | +2.1% |
| Current assets | 29/58 | €212,607 | €227,322 | +€14,716 | +6.9% |
| Stocks and contracts in progress | 3 | €6,428 | €12,489 | +€6,061 | +94.3% |
| Stocks | 30/36 | €6,428 | €12,489 | +€6,061 | +94.3% |
| Amounts receivable within one year | 40/41 | €11,893 | €14,576 | +€2,682 | +22.6% |
| Trade receivables | 40 | €4,753 | €8,889 | +€4,135 | +87.0% |
| Other amounts receivable | 41 | €7,140 | €5,687 | -€1,453 | -20.4% |
| Cash at bank and in hand | 54/58 | €194,010 | €199,442 | +€5,431 | +2.8% |
| Deferred charges and accrued income | 490/1 | €275 | €817 | +€541 | +196.5% |
| Total equity and liabilities | 10/49 | €398,816 | €402,434 | +€3,619 | +0.9% |
| Equity | 10/15 | €213,079 | €151,497 | -€61,582 | -28.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €198,819 | €137,237 | -€61,582 | -31.0% |
| Distributable reserves | 133 | €198,819 | €137,237 | -€61,582 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €185,737 | €250,938 | +€65,201 | +35.1% |
| Amounts payable after more than one year | 17 | €121,513 | €113,899 | -€7,614 | -6.3% |
| Financial debts | 170/4 | €121,513 | €113,899 | -€7,614 | -6.3% |
| Amounts payable within one year | 42/48 | €64,224 | €137,038 | +€72,815 | +113.4% |
| Current portion of amounts payable after more than one year | 42 | €8,195 | €7,614 | -€582 | -7.1% |
| Trade debts | 44 | €22,543 | €17,835 | -€4,708 | -20.9% |
| Suppliers | 440/4 | €22,543 | €17,835 | -€4,708 | -20.9% |
| Taxes, remuneration and social security | 45 | €4,432 | €24,198 | +€19,765 | +445.9% |
| Taxes | 450/3 | €3,032 | €22,798 | +€19,765 | +651.8% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €29,053 | €87,393 | +€58,339 | +200.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,780 | €15,883 | +€1,103 | +7.5% |
| Other operating charges | 640/8 | €1,601 | €1,710 | +€109 | +6.8% |
| Gross operating margin | 9900 | €63,980 | €78,147 | +€14,168 | +22.1% |
| Operating profit (loss) | 9901 | €47,598 | €60,554 | +€12,956 | +27.2% |
| Financial charges | 65/66B | €2,622 | €2,443 | -€180 | -6.8% |
| Recurring financial charges | 65 | €2,622 | €2,443 | -€180 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €44,976 | €58,111 | +€13,135 | +29.2% |
| Income taxes | 67/77 | €11,939 | €19,693 | +€7,754 | +65.0% |
| Profit (loss) for the period | 9904 | €33,037 | €38,418 | +€5,381 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,037 | €38,418 | +€5,381 | +16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.