VertuXelos: 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.
VertuXelos
Largest movements
- Tangible fixed assets +€61,602
up €61,602 (+17.7%), from €347,430 to €409,032
of which Furniture and vehicles: +€69,995
- Cash -€23,938
down €23,938 (-10.2%), from €235,186 to €211,248
mainly Investment in fixed assets (net) (-€81,761) and Contributions, distributions and other (-€17,789)
- Deferred charges and accrued income +€8,265
up €8,265 (+102.9%), from €8,032 to €16,297
- Reserves +€22,707
up €22,707 (+4.5%), from €510,225 to €532,932
of which Distributable reserves: +€22,707
- Debts after one year +€14,205
up €14,205 (+16.8%), from €84,323 to €98,529
- Current portion of long-term debt +€9,180
up €9,180 (+45.7%), from €20,083 to €29,263
- Trade debts +€8,137
up €8,137 (+66.1%), from €12,317 to €20,454
- Gross operating margin +€32,389
up €32,389 (+72.4%), from €44,720 to €77,109
- Depreciation +€7,279
up €7,279 (+56.5%), from €12,880 to €20,159
- Taxes +€5,232
up €5,232 (+57.5%), from €9,099 to €14,331
- Other operating charges -€1,225
down €1,225 (-43.8%), from €2,798 to €1,573
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 | €648,124 | €698,599 | +€50,474 | +7.8% |
| Fixed assets | 21/28 | €347,470 | €409,072 | +€61,602 | +17.7% |
| Tangible fixed assets | 22/27 | €347,430 | €409,032 | +€61,602 | +17.7% |
| Land and buildings | 22 | €336,623 | €325,595 | -€11,028 | -3.3% |
| Plant, machinery and equipment | 23 | €1,987 | €4,622 | +€2,635 | +132.6% |
| Furniture and vehicles | 24 | €8,819 | €78,815 | +€69,995 | +793.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €300,655 | €289,527 | -€11,128 | -3.7% |
| Amounts receivable within one year | 40/41 | €57,437 | €61,981 | +€4,544 | +7.9% |
| Trade receivables | 40 | €48,230 | €56,131 | +€7,900 | +16.4% |
| Other amounts receivable | 41 | €9,206 | €5,850 | -€3,356 | -36.5% |
| Cash at bank and in hand | 54/58 | €235,186 | €211,248 | -€23,938 | -10.2% |
| Deferred charges and accrued income | 490/1 | €8,032 | €16,297 | +€8,265 | +102.9% |
| Total equity and liabilities | 10/49 | €648,124 | €698,599 | +€50,474 | +7.8% |
| Equity | 10/15 | €516,425 | €539,132 | +€22,707 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €510,225 | €532,932 | +€22,707 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €508,365 | €531,072 | +€22,707 | +4.5% |
| Amounts payable | 17/49 | €131,699 | €159,466 | +€27,767 | +21.1% |
| Amounts payable after more than one year | 17 | €84,323 | €98,529 | +€14,205 | +16.8% |
| Financial debts | 170/4 | €84,323 | €98,529 | +€14,205 | +16.8% |
| Amounts payable within one year | 42/48 | €47,376 | €60,938 | +€13,562 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €20,083 | €29,263 | +€9,180 | +45.7% |
| Trade debts | 44 | €12,317 | €20,454 | +€8,137 | +66.1% |
| Suppliers | 440/4 | €12,317 | €20,454 | +€8,137 | +66.1% |
| Taxes, remuneration and social security | 45 | €14,457 | €10,666 | -€3,791 | -26.2% |
| Taxes | 450/3 | €9,853 | €9,914 | +€62 | +0.6% |
| Remuneration and social security | 454/9 | €4,604 | €752 | -€3,852 | -83.7% |
| Other amounts payable | 47/48 | €519 | €555 | +€35 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,880 | €20,159 | +€7,279 | +56.5% |
| Other operating charges | 640/8 | €2,798 | €1,573 | -€1,225 | -43.8% |
| Gross operating margin | 9900 | €44,720 | €77,109 | +€32,389 | +72.4% |
| Operating profit (loss) | 9901 | €29,042 | €55,377 | +€26,335 | +90.7% |
| Financial income | 75/76B | €1,005 | €1,272 | +€268 | +26.6% |
| Recurring financial income | 75 | €1,005 | €1,272 | +€268 | +26.6% |
| Financial charges | 65/66B | €1,445 | €1,822 | +€376 | +26.0% |
| Recurring financial charges | 65 | €1,445 | €1,822 | +€376 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €28,602 | €54,828 | +€26,226 | +91.7% |
| Income taxes | 67/77 | €9,099 | €14,331 | +€5,232 | +57.5% |
| Profit (loss) for the period | 9904 | €19,503 | €40,496 | +€20,994 | +107.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,503 | €40,496 | +€20,994 | +107.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.