VERTOPRO: 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.
VERTOPRO
Largest movements
- Receivables within one year +€7,535
up €7,535 (+73.1%), from €10,305 to €17,840
of which Trade receivables: +€8,156
- Cash +€6,948
up €6,948 (+44.7%), from €15,530 to €22,478
mainly Net result for the year (+€10,952) and Depreciation (+€6,415)
- Tangible fixed assets -€6,415
down €6,415 (-25.5%), from €25,177 to €18,762
of which Furniture and vehicles: -€6,231
- Other debts +€3,553
up €3,553 (+93.0%), from €3,821 to €7,374
- Reserves +€3,190
up €3,190 (+12.3%), from €26,034 to €29,223
of which Distributable reserves: +€3,190
- Tax, wage and social debts +€978
up €978 (+43.4%), from €2,255 to €3,233
of which Remuneration and social security: +€684
- Gross operating margin +€17,619
up €17,619 (+370.7%), from €4,753 to €22,372
- Taxes +€5,020
up €5,020 (+775.0%), from €648 to €5,668
- Financial income +€1,693
up €1,693 (+601.4%), from €281 to €1,974
- Depreciation +€279
up €279 (+4.5%), from €6,136 to €6,415
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 | €80,760 | €88,828 | +€8,068 | +10.0% |
| Fixed assets | 21/28 | €25,177 | €18,762 | -€6,415 | -25.5% |
| Tangible fixed assets | 22/27 | €25,177 | €18,762 | -€6,415 | -25.5% |
| Plant, machinery and equipment | 23 | €621 | €437 | -€183 | -29.5% |
| Furniture and vehicles | 24 | €24,556 | €18,325 | -€6,231 | -25.4% |
| Current assets | 29/58 | €55,583 | €70,066 | +€14,483 | +26.1% |
| Amounts receivable within one year | 40/41 | €10,305 | €17,840 | +€7,535 | +73.1% |
| Trade receivables | 40 | €6,604 | €14,760 | +€8,156 | +123.5% |
| Other amounts receivable | 41 | €3,702 | €3,080 | -€621 | -16.8% |
| Current investments | 50/53 | €29,748 | €29,748 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,530 | €22,478 | +€6,948 | +44.7% |
| Total equity and liabilities | 10/49 | €80,760 | €88,828 | +€8,068 | +10.0% |
| Equity | 10/15 | €73,701 | €76,890 | +€3,190 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,034 | €29,223 | +€3,190 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,174 | €27,363 | +€3,190 | +13.2% |
| Profit (loss) carried forward | 14 | €41,467 | €41,467 | = | 0.0% |
| Amounts payable | 17/49 | €7,059 | €11,938 | +€4,879 | +69.1% |
| Amounts payable within one year | 42/48 | €7,059 | €11,938 | +€4,879 | +69.1% |
| Trade debts | 44 | €984 | €1,330 | +€347 | +35.3% |
| Suppliers | 440/4 | €984 | €1,330 | +€347 | +35.3% |
| Taxes, remuneration and social security | 45 | €2,255 | €3,233 | +€978 | +43.4% |
| Taxes | 450/3 | €201 | €496 | +€295 | +146.7% |
| Remuneration and social security | 454/9 | €2,053 | €2,737 | +€684 | +33.3% |
| Other amounts payable | 47/48 | €3,821 | €7,374 | +€3,553 | +93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,136 | €6,415 | +€279 | +4.5% |
| Other operating charges | 640/8 | €1,268 | €1,204 | -€64 | -5.1% |
| Gross operating margin | 9900 | €4,753 | €22,372 | +€17,619 | +370.7% |
| Operating profit (loss) | 9901 | -€2,651 | €14,753 | +€17,404 | |
| Financial income | 75/76B | €281 | €1,974 | +€1,693 | +601.4% |
| Recurring financial income | 75 | €281 | €1,974 | +€1,693 | +601.4% |
| Financial charges | 65/66B | €301 | €108 | -€193 | -64.2% |
| Recurring financial charges | 65 | €301 | €108 | -€193 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,671 | €16,620 | +€19,291 | |
| Income taxes | 67/77 | €648 | €5,668 | +€5,020 | +775.0% |
| Profit (loss) for the period | 9904 | -€3,318 | €10,952 | +€14,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,318 | €10,952 | +€14,271 |
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 10 October 2026 via checked.be.