VERTUS: 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.
VERTUS
Largest movements
- Cash -€3,585
down €3,585 (-11.6%), from €30,819 to €27,234
mainly Net result for the year (-€8,868) and Contributions, distributions and other (-€6,000)
- Tangible fixed assets -€2,294
down €2,294 (-34.0%), from €6,745 to €4,451
of which Furniture and vehicles: -€1,951
- Receivables within one year -€1,617
no longer reported in 2025 (was €1,617)
- Deferred charges and accrued income -€1,040
down €1,040 (-31.2%), from €3,337 to €2,297
- Profit (loss) carried forward -€8,868
down €8,868 (-60.6%), from €14,627 to €5,759
- Reserves -€6,000
down €6,000 (-27.5%), from €21,855 to €15,855
- Other debts +€5,934
up €5,934 (+984.1%), from €603 to €6,537
- Gross operating margin -€302
down €302 (-5.7%), from -€5,287 to -€5,589
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 | €43,518 | €34,982 | -€8,536 | -19.6% |
| Fixed assets | 21/28 | €7,745 | €5,451 | -€2,294 | -29.6% |
| Tangible fixed assets | 22/27 | €6,745 | €4,451 | -€2,294 | -34.0% |
| Plant, machinery and equipment | 23 | €444 | €101 | -€343 | -77.3% |
| Furniture and vehicles | 24 | €6,301 | €4,350 | -€1,951 | -31.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €35,773 | €29,531 | -€6,242 | -17.4% |
| Amounts receivable within one year | 40/41 | €1,617 | - | -€1,617 | |
| Other amounts receivable | 41 | €1,617 | - | -€1,617 | |
| Cash at bank and in hand | 54/58 | €30,819 | €27,234 | -€3,585 | -11.6% |
| Deferred charges and accrued income | 490/1 | €3,337 | €2,297 | -€1,040 | -31.2% |
| Total equity and liabilities | 10/49 | €43,518 | €34,982 | -€8,536 | -19.6% |
| Equity | 10/15 | €42,682 | €27,814 | -€14,868 | -34.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,855 | €15,855 | -€6,000 | -27.5% |
| Distributable reserves | 133 | €21,855 | €15,855 | -€6,000 | -27.5% |
| Profit (loss) carried forward | 14 | €14,627 | €5,759 | -€8,868 | -60.6% |
| Amounts payable | 17/49 | €836 | €7,168 | +€6,332 | +757.4% |
| Amounts payable within one year | 42/48 | €836 | €7,168 | +€6,332 | +757.4% |
| Trade debts | 44 | €54 | €444 | +€390 | +722.2% |
| Suppliers | 440/4 | €54 | €444 | +€390 | +722.2% |
| Taxes, remuneration and social security | 45 | €179 | €187 | +€8 | +4.5% |
| Taxes | 450/3 | €179 | €187 | +€8 | +4.5% |
| Other amounts payable | 47/48 | €603 | €6,537 | +€5,934 | +984.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €2,294 | +€3 | +0.1% |
| Other operating charges | 640/8 | €696 | €655 | -€41 | -5.9% |
| Gross operating margin | 9900 | -€5,287 | -€5,589 | -€302 | -5.7% |
| Operating profit (loss) | 9901 | -€8,274 | -€8,538 | -€264 | -3.2% |
| Financial charges | 65/66B | €135 | €142 | +€7 | +5.2% |
| Recurring financial charges | 65 | €135 | €142 | +€7 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,409 | -€8,680 | -€271 | -3.2% |
| Income taxes | 67/77 | €179 | €188 | +€9 | +5.0% |
| Profit (loss) for the period | 9904 | -€8,588 | -€8,868 | -€280 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,588 | -€8,868 | -€280 | -3.3% |
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.