VERTUCON: 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.
VERTUCON
Largest movements
- Receivables after one year +€10,127
up €10,127 (+117.9%), from €8,590 to €18,717
- Cash +€6,585
up €6,585 (+29.7%), from €22,153 to €28,738
mainly Net result for the year (+€22,867) and Depreciation (+€12,834)
- Tangible fixed assets -€3,834
down €3,834 (-9.8%), from €39,276 to €35,442
of which Leasing and similar rights: -€10,069
- Reserves +€22,867
up €22,867 (+78.1%), from €29,273 to €52,141
- Debts after one year -€8,340
down €8,340 (-34.0%), from €24,532 to €16,192
- Tax, wage and social debts -€2,985
down €2,985 (-15.6%), from €19,086 to €16,102
of which Remuneration and social security: -€2,470
- Trade debts +€1,385
up €1,385 (+322.1%), from €430 to €1,815
- Other operating charges +€2,580
up €2,580 (+1389.3%), from €186 to €2,766
- Depreciation +€2,375
up €2,375 (+22.7%), from €10,459 to €12,834
- Taxes -€1,077
down €1,077 (-14.5%), from €7,436 to €6,358
- Financial income +€527
up €527 (+829.2%), from €64 to €591
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,284 | €97,589 | +€12,305 | +14.4% |
| Fixed assets | 21/28 | €39,276 | €35,442 | -€3,834 | -9.8% |
| Tangible fixed assets | 22/27 | €39,276 | €35,442 | -€3,834 | -9.8% |
| Furniture and vehicles | 24 | - | €4,535 | +€4,535 | |
| Leasing and similar rights | 25 | €37,719 | €27,650 | -€10,069 | -26.7% |
| Other tangible fixed assets | 26 | €1,557 | €3,257 | +€1,700 | +109.2% |
| Current assets | 29/58 | €46,008 | €62,147 | +€16,139 | +35.1% |
| Amounts receivable after more than one year | 29 | €8,590 | €18,717 | +€10,127 | +117.9% |
| Other amounts receivable | 291 | €8,590 | €18,717 | +€10,127 | +117.9% |
| Amounts receivable within one year | 40/41 | €15,202 | €14,447 | -€755 | -5.0% |
| Trade receivables | 40 | €15,202 | €14,447 | -€755 | -5.0% |
| Cash at bank and in hand | 54/58 | €22,153 | €28,738 | +€6,585 | +29.7% |
| Deferred charges and accrued income | 490/1 | €63 | €245 | +€182 | +290.8% |
| Total equity and liabilities | 10/49 | €85,284 | €97,589 | +€12,305 | +14.4% |
| Equity | 10/15 | €32,273 | €55,141 | +€22,867 | +70.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,273 | €52,141 | +€22,867 | +78.1% |
| Distributable reserves | 133 | €29,273 | €52,141 | +€22,867 | +78.1% |
| Amounts payable | 17/49 | €53,010 | €42,448 | -€10,562 | -19.9% |
| Amounts payable after more than one year | 17 | €24,532 | €16,192 | -€8,340 | -34.0% |
| Financial debts | 170/4 | €24,532 | €16,192 | -€8,340 | -34.0% |
| Amounts payable within one year | 42/48 | €27,930 | €26,256 | -€1,674 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,216 | €8,340 | +€123 | +1.5% |
| Trade debts | 44 | €430 | €1,815 | +€1,385 | +322.1% |
| Suppliers | 440/4 | €430 | €1,815 | +€1,385 | +322.1% |
| Advances received on contracts in progress | 46 | €198 | €0 | -€198 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,086 | €16,102 | -€2,985 | -15.6% |
| Taxes | 450/3 | €16,616 | €16,102 | -€515 | -3.1% |
| Remuneration and social security | 454/9 | €2,470 | €0 | -€2,470 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €549 | €0 | -€549 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,459 | €12,834 | +€2,375 | +22.7% |
| Other operating charges | 640/8 | €186 | €2,766 | +€2,580 | +1389.3% |
| Gross operating margin | 9900 | €44,641 | €44,792 | +€152 | +0.3% |
| Operating profit (loss) | 9901 | €33,996 | €29,192 | -€4,803 | -14.1% |
| Financial income | 75/76B | €64 | €591 | +€527 | +829.2% |
| Recurring financial income | 75 | €64 | €591 | +€527 | +829.2% |
| Financial charges | 65/66B | €644 | €558 | -€87 | -13.4% |
| Recurring financial charges | 65 | €644 | €558 | -€87 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €33,415 | €29,226 | -€4,190 | -12.5% |
| Income taxes | 67/77 | €7,436 | €6,358 | -€1,077 | -14.5% |
| Profit (loss) for the period | 9904 | €25,980 | €22,867 | -€3,112 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,980 | €22,867 | -€3,112 | -12.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.