VERTRA VD: 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.
VERTRA VD
Largest movements
- Cash -€24,243
down €24,243 (-73.1%), from €33,179 to €8,936
mainly Trade debts (-€40,411)
- Receivables within one year -€4,749
down €4,749 (-4.3%), from €110,338 to €105,589
- Trade debts -€40,411
down €40,411 (-41.2%), from €98,017 to €57,606
- Profit (loss) carried forward +€7,295
up €7,295 (+299.4%), from €2,437 to €9,732
- Tax, wage and social debts +€3,183
up €3,183 (+19.2%), from €16,571 to €19,753
of which Taxes: +€3,198
- Gross operating margin -€15,580
down €15,580 (-10.1%), from €153,616 to €138,035
- Staff costs -€7,796
down €7,796 (-5.8%), from €134,869 to €127,073
- Taxes +€1,784
new in 2025: €1,784
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 | €147,883 | €117,950 | -€29,933 | -20.2% |
| Fixed assets | 21/28 | €496 | €327 | -€169 | -34.0% |
| Tangible fixed assets | 22/27 | €384 | €216 | -€169 | -43.9% |
| Furniture and vehicles | 24 | €384 | €216 | -€169 | -43.9% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €147,387 | €117,623 | -€29,765 | -20.2% |
| Amounts receivable within one year | 40/41 | €110,338 | €105,589 | -€4,749 | -4.3% |
| Trade receivables | 40 | €110,338 | €105,589 | -€4,749 | -4.3% |
| Cash at bank and in hand | 54/58 | €33,179 | €8,936 | -€24,243 | -73.1% |
| Deferred charges and accrued income | 490/1 | €3,870 | €3,097 | -€773 | -20.0% |
| Total equity and liabilities | 10/49 | €147,883 | €117,950 | -€29,933 | -20.2% |
| Equity | 10/15 | €32,897 | €40,192 | +€7,295 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,437 | €9,732 | +€7,295 | +299.4% |
| Amounts payable | 17/49 | €114,986 | €77,758 | -€37,228 | -32.4% |
| Amounts payable within one year | 42/48 | €114,986 | €77,758 | -€37,228 | -32.4% |
| Trade debts | 44 | €98,017 | €57,606 | -€40,411 | -41.2% |
| Suppliers | 440/4 | €98,017 | €57,606 | -€40,411 | -41.2% |
| Taxes, remuneration and social security | 45 | €16,571 | €19,753 | +€3,183 | +19.2% |
| Taxes | 450/3 | €5,024 | €8,222 | +€3,198 | +63.6% |
| Remuneration and social security | 454/9 | €11,546 | €11,531 | -€15 | -0.1% |
| Other amounts payable | 47/48 | €399 | €399 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €134,869 | €127,073 | -€7,796 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €169 | = | 0.0% |
| Other operating charges | 640/8 | €1,417 | €1,206 | -€211 | -14.9% |
| Gross operating margin | 9900 | €153,616 | €138,035 | -€15,580 | -10.1% |
| Operating profit (loss) | 9901 | €17,161 | €9,587 | -€7,573 | -44.1% |
| Financial income | 75/76B | €0 | €205 | +€205 | |
| Recurring financial income | 75 | €0 | €205 | +€205 | |
| Financial charges | 65/66B | €1,446 | €714 | -€732 | -50.6% |
| Recurring financial charges | 65 | €1,446 | €714 | -€732 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €15,715 | €9,079 | -€6,636 | -42.2% |
| Income taxes | 67/77 | - | €1,784 | +€1,784 | |
| Profit (loss) for the period | 9904 | €15,715 | €7,295 | -€8,420 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,715 | €7,295 | -€8,420 | -53.6% |
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 9 October 2026 via checked.be.