VERTRIEST DEINZE: 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.
VERTRIEST DEINZE
Largest movements
- Stocks and contracts -€48,483
down €48,483 (-14.7%), from €329,747 to €281,264
- Intangible fixed assets -€30,000
down €30,000 (-14.3%), from €209,260 to €179,260
- Receivables within one year +€18,247
up €18,247 (+201%), from €9,099 to €27,346
of which Trade receivables: +€11,414
- Cash -€12,397
down €12,397 (-39.4%), from €31,467 to €19,070
mainly Other debts (-€73,956) and Debts after one year (-€33,303)
- Deferred charges and accrued income -€6,818
down €6,818 (-84.8%), from €8,039 to €1,221
- Other debts -€73,956
down €73,956 (-47.8%), from €154,854 to €80,898
- Reserves +€35,055
up €35,055 (+24.0%), from €146,068 to €181,123
- Debts after one year -€33,303
down €33,303 (-15.5%), from €214,224 to €180,921
- Trade debts -€11,594
down €11,594 (-42.0%), from €27,612 to €16,018
- Gross operating margin -€46,822
down €46,822 (-23.9%), from €196,111 to €149,289
- Taxes -€10,235
down €10,235 (-41.6%), from €24,619 to €14,384
- Staff costs -€5,375
down €5,375 (-9.4%), from €57,206 to €51,831
- Depreciation -€2,809
down €2,809 (-6.9%), from €40,534 to €37,725
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 | €600,360 | €516,058 | -€84,302 | -14.0% |
| Fixed assets | 21/28 | €222,008 | €187,157 | -€34,851 | -15.7% |
| Intangible fixed assets | 21 | €209,260 | €179,260 | -€30,000 | -14.3% |
| Tangible fixed assets | 22/27 | €12,748 | €7,897 | -€4,851 | -38.1% |
| Land and buildings | 22 | €4,741 | €4,167 | -€574 | -12.1% |
| Plant, machinery and equipment | 23 | €3,653 | €3,195 | -€458 | -12.5% |
| Furniture and vehicles | 24 | €4,354 | €535 | -€3,819 | -87.7% |
| Current assets | 29/58 | €378,352 | €328,901 | -€49,451 | -13.1% |
| Stocks and contracts in progress | 3 | €329,747 | €281,264 | -€48,483 | -14.7% |
| Stocks | 30/36 | €329,747 | €281,264 | -€48,483 | -14.7% |
| Amounts receivable within one year | 40/41 | €9,099 | €27,346 | +€18,247 | +201% |
| Trade receivables | 40 | €9,099 | €20,513 | +€11,414 | +125% |
| Other amounts receivable | 41 | - | €6,833 | +€6,833 | |
| Cash at bank and in hand | 54/58 | €31,467 | €19,070 | -€12,397 | -39.4% |
| Deferred charges and accrued income | 490/1 | €8,039 | €1,221 | -€6,818 | -84.8% |
| Total equity and liabilities | 10/49 | €600,360 | €516,058 | -€84,302 | -14.0% |
| Equity | 10/15 | €156,068 | €191,123 | +€35,055 | +22.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €146,068 | €181,123 | +€35,055 | +24.0% |
| Distributable reserves | 133 | €146,068 | €181,123 | +€35,055 | +24.0% |
| Amounts payable | 17/49 | €444,292 | €324,935 | -€119,357 | -26.9% |
| Amounts payable after more than one year | 17 | €214,224 | €180,921 | -€33,303 | -15.5% |
| Financial debts | 170/4 | €214,224 | €180,921 | -€33,303 | -15.5% |
| Amounts payable within one year | 42/48 | €230,068 | €144,014 | -€86,054 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €32,766 | €33,302 | +€536 | +1.6% |
| Trade debts | 44 | €27,612 | €16,018 | -€11,594 | -42.0% |
| Suppliers | 440/4 | €27,612 | €16,018 | -€11,594 | -42.0% |
| Taxes, remuneration and social security | 45 | €14,836 | €13,796 | -€1,040 | -7.0% |
| Taxes | 450/3 | €10,311 | €7,619 | -€2,692 | -26.1% |
| Remuneration and social security | 454/9 | €4,525 | €6,177 | +€1,652 | +36.5% |
| Other amounts payable | 47/48 | €154,854 | €80,898 | -€73,956 | -47.8% |
| Remuneration, social security and pensions | 62 | €57,206 | €51,831 | -€5,375 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,534 | €37,725 | -€2,809 | -6.9% |
| Other operating charges | 640/8 | €1,072 | €2,109 | +€1,037 | +96.7% |
| Gross operating margin | 9900 | €196,111 | €149,289 | -€46,822 | -23.9% |
| Operating profit (loss) | 9901 | €97,299 | €57,624 | -€39,675 | -40.8% |
| Financial income | 75/76B | €1,867 | €3,497 | +€1,630 | +87.3% |
| Recurring financial income | 75 | €1,867 | €3,497 | +€1,630 | +87.3% |
| Financial charges | 65/66B | €13,405 | €11,682 | -€1,723 | -12.9% |
| Recurring financial charges | 65 | €13,405 | €11,682 | -€1,723 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €85,761 | €49,439 | -€36,322 | -42.4% |
| Income taxes | 67/77 | €24,619 | €14,384 | -€10,235 | -41.6% |
| Profit (loss) for the period | 9904 | €61,142 | €35,055 | -€26,087 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,142 | €35,055 | -€26,087 | -42.7% |
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 27 October 2026 via checked.be.