Vertorimmo: 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.
Vertorimmo
Largest movements
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Cash -€70,449
down €70,449 (-64.0%), from €110,000 to €39,551
mainly Investment in fixed assets (net) (-€272,101) and Net result for the year (-€75,887)
- Tangible fixed assets +€56,875
up €56,875 (+1.8%), from €3.1m to €3.1m
of which Land and buildings: +€60,789
- Receivables after one year -€50,000
down €50,000 (-30.8%), from €162,500 to €112,500
- Other debts -€51,753
down €51,753 (-16.4%), from €314,836 to €263,083
- Reserves -€49,861
down €49,861 (-5.0%), from €999,049 to €949,188
of which Tax-exempt reserves: -€49,861
- Gross operating margin +€32,569
up €32,569 (+16.5%), from €197,257 to €229,825
- Depreciation +€24,839
up €24,839 (+13.0%), from €190,386 to €215,225
- Financial income -€4,717
down €4,717 (-32.8%), from €14,398 to €9,681
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 | €3,742,357 | €3,581,867 | -€160,490 | -4.3% |
| Fixed assets | 21/28 | €3,077,085 | €3,133,960 | +€56,875 | +1.8% |
| Tangible fixed assets | 22/27 | €3,077,085 | €3,133,960 | +€56,875 | +1.8% |
| Land and buildings | 22 | €2,734,306 | €2,795,095 | +€60,789 | +2.2% |
| Plant, machinery and equipment | 23 | €30,500 | €30,423 | -€77 | -0.3% |
| Furniture and vehicles | 24 | €12,440 | €8,603 | -€3,837 | -30.8% |
| Other tangible fixed assets | 26 | €299,838 | €299,838 | = | 0.0% |
| Current assets | 29/58 | €665,273 | €447,907 | -€217,366 | -32.7% |
| Amounts receivable after more than one year | 29 | €162,500 | €112,500 | -€50,000 | -30.8% |
| Other amounts receivable | 291 | €162,500 | €112,500 | -€50,000 | -30.8% |
| Stocks and contracts in progress | 3 | €6,431 | - | -€6,431 | |
| Stocks | 30/36 | €6,431 | - | -€6,431 | |
| Amounts receivable within one year | 40/41 | €53,376 | €61,867 | +€8,491 | +15.9% |
| Trade receivables | 40 | €2,258 | €2,743 | +€485 | +21.5% |
| Other amounts receivable | 41 | €51,118 | €59,123 | +€8,005 | +15.7% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €110,000 | €39,551 | -€70,449 | -64.0% |
| Deferred charges and accrued income | 490/1 | €32,965 | €33,989 | +€1,024 | +3.1% |
| Total equity and liabilities | 10/49 | €3,742,357 | €3,581,867 | -€160,490 | -4.3% |
| Equity | 10/15 | €2,131,158 | €2,055,271 | -€75,887 | -3.6% |
| Contributions | 10/11 | €1,464,000 | €1,464,000 | = | 0.0% |
| Capital | 10 | €1,464,000 | €1,464,000 | = | 0.0% |
| Issued capital | 100 | €1,464,000 | €1,464,000 | = | 0.0% |
| Reserves | 13 | €999,049 | €949,188 | -€49,861 | -5.0% |
| Non-distributable reserves | 130/1 | €146,400 | €146,400 | = | 0.0% |
| Legal reserve | 130 | €146,400 | €146,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €844,891 | €795,030 | -€49,861 | -5.9% |
| Distributable reserves | 133 | €7,758 | €7,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,890 | -€357,917 | -€26,026 | -7.8% |
| Provisions and deferred taxes | 16 | €281,630 | €265,010 | -€16,620 | -5.9% |
| Deferred taxes | 168 | €281,630 | €265,010 | -€16,620 | -5.9% |
| Amounts payable | 17/49 | €1,329,569 | €1,261,586 | -€67,983 | -5.1% |
| Amounts payable after more than one year | 17 | €965,000 | €965,000 | = | 0.0% |
| Financial debts | 170/4 | €375,000 | €375,000 | = | 0.0% |
| Other amounts payable | 178/9 | €590,000 | €590,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €346,817 | €278,834 | -€67,983 | -19.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €31,981 | €15,751 | -€16,230 | -50.7% |
| Suppliers | 440/4 | €31,981 | €15,751 | -€16,230 | -50.7% |
| Other amounts payable | 47/48 | €314,836 | €263,083 | -€51,753 | -16.4% |
| Accrued charges and deferred income | 492/3 | €17,752 | €17,752 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,386 | €215,225 | +€24,839 | +13.0% |
| Other operating charges | 640/8 | €39,938 | €41,903 | +€1,965 | +4.9% |
| Gross operating margin | 9900 | €197,257 | €229,825 | +€32,569 | +16.5% |
| Operating profit (loss) | 9901 | -€33,067 | -€27,303 | +€5,764 | +17.4% |
| Financial income | 75/76B | €14,398 | €9,681 | -€4,717 | -32.8% |
| Recurring financial income | 75 | €14,398 | €9,681 | -€4,717 | -32.8% |
| Financial charges | 65/66B | €73,888 | €74,574 | +€686 | +0.9% |
| Recurring financial charges | 65 | €73,888 | €74,574 | +€686 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€92,557 | -€92,196 | +€361 | +0.4% |
| Transfer from deferred taxes | 780 | €17,847 | €16,620 | -€1,227 | -6.9% |
| Income taxes | 67/77 | €641 | €312 | -€329 | -51.4% |
| Profit (loss) for the period | 9904 | -€75,350 | -€75,887 | -€537 | -0.7% |
| Transfer from tax-exempt reserves | 789 | €53,542 | €49,861 | -€3,681 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,808 | -€26,026 | -€4,218 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.