Vertu Cons: what changed
Two fiscal 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.
Vertu Cons
Largest movements
- Receivables within one year +€50,686
up €50,686 (+34.9%), from €145,418 to €196,103
of which Other amounts receivable: +€56,641
- Cash +€41,378
up €41,378 (+219.4%), from €18,861 to €60,239
mainly Net result for the year (+€62,266) and Trade debts (+€35,818)
- Tangible fixed assets +€23,986
up €23,986 (+388.9%), from €6,169 to €30,155
- Profit (loss) carried forward +€62,266
up €62,266 (+50.5%), from €123,265 to €185,531
- Trade debts +€35,818
up €35,818 (+412.3%), from €8,688 to €44,506
- Tax, wage and social debts +€17,754
up €17,754 (+45.9%), from €38,706 to €56,460
- Gross operating margin -€76,218
down €76,218 (-45.9%), from €166,166 to €89,948
- Taxes -€20,952
down €20,952 (-54.1%), from €38,706 to €17,754
- Depreciation +€7,397
up €7,397 (+131.1%), from €5,642 to €13,039
- Financial income +€3,477
up €3,477 (+67.7%), from €5,136 to €8,614
- Financial charges +€2,655
up €2,655 (+1710.2%), from €155 to €2,810
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 | €170,659 | €286,498 | +€115,838 | +67.9% |
| Fixed assets | 21/28 | €6,169 | €30,155 | +€23,986 | +388.9% |
| Tangible fixed assets | 22/27 | €6,169 | €30,155 | +€23,986 | +388.9% |
| Furniture and vehicles | 24 | €6,169 | €30,155 | +€23,986 | +388.9% |
| Current assets | 29/58 | €164,491 | €256,343 | +€91,852 | +55.8% |
| Amounts receivable within one year | 40/41 | €145,418 | €196,103 | +€50,686 | +34.9% |
| Trade receivables | 40 | €10,210 | €4,255 | -€5,955 | -58.3% |
| Other amounts receivable | 41 | €135,208 | €191,848 | +€56,641 | +41.9% |
| Cash at bank and in hand | 54/58 | €18,861 | €60,239 | +€41,378 | +219.4% |
| Deferred charges and accrued income | 490/1 | €212 | - | -€212 | |
| Total equity and liabilities | 10/49 | €170,659 | €286,498 | +€115,838 | +67.9% |
| Equity | 10/15 | €123,265 | €185,531 | +€62,266 | +50.5% |
| Profit (loss) carried forward | 14 | €123,265 | €185,531 | +€62,266 | +50.5% |
| Amounts payable | 17/49 | €47,394 | €100,966 | +€53,572 | +113.0% |
| Amounts payable within one year | 42/48 | €47,394 | €100,966 | +€53,572 | +113.0% |
| Trade debts | 44 | €8,688 | €44,506 | +€35,818 | +412.3% |
| Suppliers | 440/4 | €8,688 | €44,506 | +€35,818 | +412.3% |
| Taxes, remuneration and social security | 45 | €38,706 | €56,460 | +€17,754 | +45.9% |
| Taxes | 450/3 | €38,706 | €56,460 | +€17,754 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,642 | €13,039 | +€7,397 | +131.1% |
| Other operating charges | 640/8 | €3,534 | €2,692 | -€841 | -23.8% |
| Gross operating margin | 9900 | €166,166 | €89,948 | -€76,218 | -45.9% |
| Operating profit (loss) | 9901 | €156,990 | €74,217 | -€82,773 | -52.7% |
| Financial income | 75/76B | €5,136 | €8,614 | +€3,477 | +67.7% |
| Recurring financial income | 75 | €5,136 | €8,614 | +€3,477 | +67.7% |
| Financial charges | 65/66B | €155 | €2,810 | +€2,655 | +1710.2% |
| Recurring financial charges | 65 | €155 | €2,810 | +€2,655 | +1710.2% |
| Profit (loss) for the period before taxes | 9903 | €161,971 | €80,020 | -€81,951 | -50.6% |
| Income taxes | 67/77 | €38,706 | €17,754 | -€20,952 | -54.1% |
| Profit (loss) for the period | 9904 | €123,265 | €62,266 | -€60,999 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €123,265 | €62,266 | -€60,999 | -49.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.