VERTONGHEN NIC: 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.
VERTONGHEN NIC
Largest movements
- Receivables within one year -€37,948
down €37,948 (-41.6%), from €91,115 to €53,167
of which Trade receivables: -€45,175
- Cash +€19,716
up €19,716 (+14,936%), from €132 to €19,848
mainly Receivables within one year (+€37,948) and Net result for the year (+€25,636)
- Tangible fixed assets +€10,553
up €10,553 (+27.3%), from €38,695 to €49,248
of which Plant, machinery and equipment: +€8,870
- Intangible fixed assets -€2,500
down €2,500 (-18.2%), from €13,750 to €11,250
- Trade debts -€38,903
down €38,903 (-64.9%), from €59,979 to €21,076
- Profit (loss) carried forward +€25,636
up €25,636 (+40.0%), from €64,080 to €89,716
- Tax, wage and social debts +€2,945
up €2,945 (+17.3%), from €17,041 to €19,986
of which Taxes: +€7,169
- Gross operating margin -€5,142
down €5,142 (-5.1%), from €101,473 to €96,331
- Staff costs +€3,139
up €3,139 (+7.4%), from €42,602 to €45,741
- Taxes -€2,156
down €2,156 (-23.2%), from €9,308 to €7,152
- Depreciation +€2,086
up €2,086 (+18.8%), from €11,088 to €13,174
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 | €151,100 | €140,778 | -€10,322 | -6.8% |
| Fixed assets | 21/28 | €52,445 | €60,498 | +€8,053 | +15.4% |
| Intangible fixed assets | 21 | €13,750 | €11,250 | -€2,500 | -18.2% |
| Tangible fixed assets | 22/27 | €38,695 | €49,248 | +€10,553 | +27.3% |
| Land and buildings | 22 | €9,694 | €8,339 | -€1,355 | -14.0% |
| Plant, machinery and equipment | 23 | €18,202 | €27,072 | +€8,870 | +48.7% |
| Furniture and vehicles | 24 | €10,799 | €13,837 | +€3,038 | +28.1% |
| Current assets | 29/58 | €98,655 | €80,280 | -€18,375 | -18.6% |
| Amounts receivable within one year | 40/41 | €91,115 | €53,167 | -€37,948 | -41.6% |
| Trade receivables | 40 | €71,205 | €26,030 | -€45,175 | -63.4% |
| Other amounts receivable | 41 | €19,910 | €27,137 | +€7,227 | +36.3% |
| Cash at bank and in hand | 54/58 | €132 | €19,848 | +€19,716 | +14,936% |
| Deferred charges and accrued income | 490/1 | €7,408 | €7,265 | -€143 | -1.9% |
| Total equity and liabilities | 10/49 | €151,100 | €140,778 | -€10,322 | -6.8% |
| Equity | 10/15 | €74,080 | €99,716 | +€25,636 | +34.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,080 | €89,716 | +€25,636 | +40.0% |
| Amounts payable | 17/49 | €77,020 | €41,062 | -€35,958 | -46.7% |
| Amounts payable within one year | 42/48 | €77,020 | €41,062 | -€35,958 | -46.7% |
| Trade debts | 44 | €59,979 | €21,076 | -€38,903 | -64.9% |
| Suppliers | 440/4 | €59,979 | €21,076 | -€38,903 | -64.9% |
| Taxes, remuneration and social security | 45 | €17,041 | €19,986 | +€2,945 | +17.3% |
| Taxes | 450/3 | €9,146 | €16,315 | +€7,169 | +78.4% |
| Remuneration and social security | 454/9 | €7,895 | €3,671 | -€4,224 | -53.5% |
| Remuneration, social security and pensions | 62 | €42,602 | €45,741 | +€3,139 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,088 | €13,174 | +€2,086 | +18.8% |
| Other operating charges | 640/8 | €1,455 | €832 | -€623 | -42.8% |
| Non-recurring operating charges | 66A | - | €2,386 | +€2,386 | |
| Gross operating margin | 9900 | €101,473 | €96,331 | -€5,142 | -5.1% |
| Operating profit (loss) | 9901 | €46,328 | €34,198 | -€12,130 | -26.2% |
| Financial income | 75/76B | €194 | €97 | -€97 | -50.0% |
| Recurring financial income | 75 | €194 | €97 | -€97 | -50.0% |
| Financial charges | 65/66B | €2,515 | €1,507 | -€1,008 | -40.1% |
| Recurring financial charges | 65 | €2,515 | €1,507 | -€1,008 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €44,007 | €32,788 | -€11,219 | -25.5% |
| Income taxes | 67/77 | €9,308 | €7,152 | -€2,156 | -23.2% |
| Profit (loss) for the period | 9904 | €34,699 | €25,636 | -€9,063 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,699 | €25,636 | -€9,063 | -26.1% |
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 30 October 2026 via checked.be.