VERTS ESPACES: 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.
VERTS ESPACES
Largest movements
- Tangible fixed assets -€13,625
down €13,625 (-11.4%), from €119,043 to €105,418
of which Land and buildings: -€9,000
- Receivables within one year -€2,551
down €2,551 (-3.5%), from €72,040 to €69,489
of which Other amounts receivable: -€4,772
- Cash -€2,143
down €2,143 (-58.9%), from €3,637 to €1,494
mainly Debts after one year (-€13,905) and Trade debts (-€12,412)
- Reserves +€99,000
up €99,000 (+1300.9%), from €7,610 to €106,610
of which Distributable reserves: +€99,000
- Revaluation surpluses -€99,000
down €99,000 (-55.0%), from €180,000 to €81,000
- Debts after one year -€13,905
down €13,905 (-10.1%), from €137,736 to €123,831
- Trade debts -€12,412
down €12,412 (-17.0%), from €73,160 to €60,748
- Profit (loss) carried forward +€6,470
up €6,470 (+2.7%), from -€240,882 to -€234,412
- Gross operating margin +€20,190
up €20,190 (+74.6%), from €27,061 to €47,251
- Staff costs +€6,069
up €6,069 (+91.6%), from €6,623 to €12,692
- Depreciation -€4,619
down €4,619 (-25.3%), from €18,244 to €13,625
- Write-downs +€3,252
new in 2025: €3,252
- Financial charges -€791
down €791 (-6.4%), from €12,274 to €11,483
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 | €209,431 | €192,675 | -€16,756 | -8.0% |
| Fixed assets | 21/28 | €119,438 | €105,812 | -€13,626 | -11.4% |
| Tangible fixed assets | 22/27 | €119,043 | €105,418 | -€13,625 | -11.4% |
| Land and buildings | 22 | €114,418 | €105,418 | -€9,000 | -7.9% |
| Plant, machinery and equipment | 23 | €299 | - | -€299 | |
| Furniture and vehicles | 24 | €4,326 | - | -€4,326 | |
| Financial fixed assets | 28 | €395 | €395 | -€0 | 0.0% |
| Current assets | 29/58 | €89,993 | €86,862 | -€3,131 | -3.5% |
| Stocks and contracts in progress | 3 | €12,708 | €12,708 | -€0 | 0.0% |
| Stocks | 30/36 | €12,708 | €12,708 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €72,040 | €69,489 | -€2,551 | -3.5% |
| Trade receivables | 40 | €60,663 | €62,884 | +€2,221 | +3.7% |
| Other amounts receivable | 41 | €11,377 | €6,605 | -€4,772 | -41.9% |
| Cash at bank and in hand | 54/58 | €3,637 | €1,494 | -€2,143 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,608 | €3,172 | +€1,564 | +97.3% |
| Total equity and liabilities | 10/49 | €209,431 | €192,675 | -€16,756 | -8.0% |
| Equity | 10/15 | -€28,483 | -€22,012 | +€6,471 | +22.7% |
| Contributions | 10/11 | €24,789 | €24,789 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €81,000 | -€99,000 | -55.0% |
| Reserves | 13 | €7,610 | €106,610 | +€99,000 | +1300.9% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | -€0 | 0.0% |
| Distributable reserves | 133 | €5,131 | €104,131 | +€99,000 | +1929.5% |
| Profit (loss) carried forward | 14 | -€240,882 | -€234,412 | +€6,470 | +2.7% |
| Amounts payable | 17/49 | €237,914 | €214,687 | -€23,227 | -9.8% |
| Amounts payable after more than one year | 17 | €137,736 | €123,831 | -€13,905 | -10.1% |
| Financial debts | 170/4 | €137,736 | €123,831 | -€13,905 | -10.1% |
| Amounts payable within one year | 42/48 | €100,178 | €90,856 | -€9,322 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €16,528 | €13,843 | -€2,685 | -16.2% |
| Trade debts | 44 | €73,160 | €60,748 | -€12,412 | -17.0% |
| Suppliers | 440/4 | €73,160 | €60,748 | -€12,412 | -17.0% |
| Taxes, remuneration and social security | 45 | €10,490 | €12,424 | +€1,934 | +18.4% |
| Taxes | 450/3 | €4,329 | €2,622 | -€1,707 | -39.4% |
| Remuneration and social security | 454/9 | €6,161 | €9,802 | +€3,641 | +59.1% |
| Other amounts payable | 47/48 | - | €3,841 | +€3,841 | |
| Remuneration, social security and pensions | 62 | €6,623 | €12,692 | +€6,069 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,244 | €13,625 | -€4,619 | -25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,252 | +€3,252 | |
| Other operating charges | 640/8 | €3 | €99 | +€96 | +3195.7% |
| Non-recurring operating charges | 66A | €7,321 | - | -€7,321 | |
| Gross operating margin | 9900 | €27,061 | €47,251 | +€20,190 | +74.6% |
| Operating profit (loss) | 9901 | -€5,130 | €17,583 | +€22,713 | |
| Financial income | 75/76B | €700 | €371 | -€329 | -47.0% |
| Recurring financial income | 75 | €700 | €371 | -€329 | -47.0% |
| Financial charges | 65/66B | €12,274 | €11,483 | -€791 | -6.4% |
| Recurring financial charges | 65 | €12,274 | €11,483 | -€791 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,704 | €6,471 | +€23,175 | |
| Income taxes | 67/77 | €219 | - | -€219 | |
| Profit (loss) for the period | 9904 | -€16,923 | €6,471 | +€23,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,923 | €6,471 | +€23,394 |
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.