VERTEX Engineering: what changed
VERTEX Engineering
Largest movements
- Receivables within one year +€1,890
up €1,890 (+251%), from €753 to €2,643
of which Trade receivables: +€2,605
- Cash +€573
up €573 (+9.4%), from €6,087 to €6,661
mainly Net result for the year (+€3,154) and Tax, wage and social debts (+€326)
- Formation expenses -€224
down €224 (-25.0%), from €896 to €672
- Profit (loss) carried forward +€3,154
up €3,154 (+90.0%), from -€3,505 to -€350
- Trade debts -€1,241
down €1,241 (-100%), from €1,241 to €0
- Tax, wage and social debts +€326
new in 2025: €326
- Gross operating margin +€6,786
up €6,786, from -€2,808 to €3,979
- Financial charges +€115
up €115 (+134%), from €86 to €200
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,737 | €9,976 | +€2,239 | +28.9% |
| Formation expenses | 20 | €896 | €672 | -€224 | -25.0% |
| Current assets | 29/58 | €6,841 | €9,304 | +€2,463 | +36.0% |
| Amounts receivable within one year | 40/41 | €753 | €2,643 | +€1,890 | +251% |
| Trade receivables | 40 | - | €2,605 | +€2,605 | |
| Other amounts receivable | 41 | €753 | €38 | -€716 | -95.0% |
| Cash at bank and in hand | 54/58 | €6,087 | €6,661 | +€573 | +9.4% |
| Total equity and liabilities | 10/49 | €7,737 | €9,976 | +€2,239 | +28.9% |
| Equity | 10/15 | €6,495 | €9,650 | +€3,154 | +48.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,505 | -€350 | +€3,154 | +90.0% |
| Amounts payable | 17/49 | €1,241 | €326 | -€915 | -73.7% |
| Amounts payable within one year | 42/48 | €1,241 | €326 | -€915 | -73.7% |
| Trade debts | 44 | €1,241 | €0 | -€1,241 | -100% |
| Suppliers | 440/4 | €1,241 | €0 | -€1,241 | -100% |
| Taxes, remuneration and social security | 45 | - | €326 | +€326 | |
| Taxes | 450/3 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €224 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,808 | €3,979 | +€6,786 | |
| Operating profit (loss) | 9901 | -€3,419 | €3,355 | +€6,774 | |
| Financial charges | 65/66B | €86 | €200 | +€115 | +134% |
| Recurring financial charges | 65 | €86 | €200 | +€115 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€3,505 | €3,154 | +€6,659 | |
| Profit (loss) for the period | 9904 | -€3,505 | €3,154 | +€6,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,505 | €3,154 | +€6,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.