Vuerto: 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.
Vuerto
Largest movements
- Receivables within one year +€64,271
up €64,271 (+135.4%), from €47,462 to €111,733
of which Trade receivables: +€62,180
- Stocks and contracts +€40,545
up €40,545 (+150.0%), from €27,036 to €67,581
- Cash +€29,874
up €29,874 (+5.8%), from €514,113 to €543,987
mainly Net result for the year (+€146,169) and Other debts (+€140,000)
- Other debts +€140,000
new in 2025: €140,000
- Accrued charges and deferred income -€10,212
down €10,212 (-59.2%), from €17,259 to €7,047
- Tax, wage and social debts -€9,137
down €9,137 (-6.7%), from €135,603 to €126,466
of which Remuneration and social security: -€13,809
- Trade debts +€8,135
up €8,135 (+6.0%), from €136,098 to €144,233
- Gross operating margin -€366,719
down €366,719 (-51.0%), from €719,539 to €352,820
- Staff costs -€134,269
down €134,269 (-48.3%), from €277,981 to €143,711
- Taxes -€47,836
down €47,836 (-47.5%), from €100,744 to €52,909
- Financial charges -€33,339
down €33,339 (-77.6%), from €42,971 to €9,631
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 | €591,035 | €725,989 | +€134,954 | +22.8% |
| Current assets | 29/58 | €591,035 | €725,989 | +€134,954 | +22.8% |
| Stocks and contracts in progress | 3 | €27,036 | €67,581 | +€40,545 | +150.0% |
| Stocks | 30/36 | €27,036 | €67,581 | +€40,545 | +150.0% |
| Amounts receivable within one year | 40/41 | €47,462 | €111,733 | +€64,271 | +135.4% |
| Trade receivables | 40 | €47,462 | €109,642 | +€62,180 | +131.0% |
| Other amounts receivable | 41 | - | €2,091 | +€2,091 | |
| Cash at bank and in hand | 54/58 | €514,113 | €543,987 | +€29,874 | +5.8% |
| Deferred charges and accrued income | 490/1 | €2,424 | €2,687 | +€263 | +10.9% |
| Total equity and liabilities | 10/49 | €591,035 | €725,989 | +€134,954 | +22.8% |
| Equity | 10/15 | €302,074 | €308,243 | +€6,169 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €297,074 | €303,243 | +€6,169 | +2.1% |
| Distributable reserves | 133 | €297,074 | €303,243 | +€6,169 | +2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €288,960 | €417,746 | +€128,785 | +44.6% |
| Amounts payable within one year | 42/48 | €271,702 | €410,699 | +€138,998 | +51.2% |
| Trade debts | 44 | €136,098 | €144,233 | +€8,135 | +6.0% |
| Suppliers | 440/4 | €136,098 | €144,233 | +€8,135 | +6.0% |
| Taxes, remuneration and social security | 45 | €135,603 | €126,466 | -€9,137 | -6.7% |
| Taxes | 450/3 | €112,047 | €116,719 | +€4,672 | +4.2% |
| Remuneration and social security | 454/9 | €23,557 | €9,748 | -€13,809 | -58.6% |
| Other amounts payable | 47/48 | - | €140,000 | +€140,000 | |
| Accrued charges and deferred income | 492/3 | €17,259 | €7,047 | -€10,212 | -59.2% |
| Remuneration, social security and pensions | 62 | €277,981 | €143,711 | -€134,269 | -48.3% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €719,539 | €352,820 | -€366,719 | -51.0% |
| Operating profit (loss) | 9901 | €440,786 | €208,708 | -€232,078 | -52.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €42,971 | €9,631 | -€33,339 | -77.6% |
| Recurring financial charges | 65 | €42,971 | €9,631 | -€33,339 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €397,819 | €199,077 | -€198,741 | -50.0% |
| Income taxes | 67/77 | €100,744 | €52,909 | -€47,836 | -47.5% |
| Profit (loss) for the period | 9904 | €297,074 | €146,169 | -€150,906 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €297,074 | €146,169 | -€150,906 | -50.8% |
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.