Drukkerij Vermaercke: what changed
Drukkerij Vermaercke
Largest movements
- Receivables within one year -€17,544
down €17,544 (-51.6%), from €34,030 to €16,486
of which Trade receivables: -€14,976
- Cash +€13,289
up €13,289 (+42.4%), from €31,374 to €44,663
mainly Receivables within one year (+€17,544) and Depreciation (+€8,061)
- Tangible fixed assets -€8,061
down €8,061 (-39.7%), from €20,312 to €12,251
of which Furniture and vehicles: -€5,061
- Deferred charges and accrued income +€4,403
new in 2025: €4,403
- Trade debts -€12,096
down €12,096 (-76.2%), from €15,883 to €3,786
- Reserves +€6,705
up €6,705 (+5.1%), from €130,944 to €137,649
of which Distributable reserves: +€6,705
- Current portion of long-term debt -€5,373
down €5,373 (-100%), from €5,373 to €0
- Tax, wage and social debts +€3,193
up €3,193 (+1,144%), from €279 to €3,472
- Financial income +€2,913
up €2,913 (+476%), from €613 to €3,525
- Depreciation -€2,159
down €2,159 (-21.1%), from €10,220 to €8,061
- Taxes +€1,964
up €1,964 (+271%), from €725 to €2,688
- Gross operating margin +€764
up €764 (+5.0%), from €15,248 to €16,013
- Financial charges -€606
down €606 (-29.5%), from €2,054 to €1,447
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 | €226,977 | €219,925 | -€7,052 | -3.1% |
| Fixed assets | 21/28 | €20,312 | €12,251 | -€8,061 | -39.7% |
| Tangible fixed assets | 22/27 | €20,312 | €12,251 | -€8,061 | -39.7% |
| Plant, machinery and equipment | 23 | €14,656 | €11,656 | -€3,000 | -20.5% |
| Furniture and vehicles | 24 | €5,656 | €595 | -€5,061 | -89.5% |
| Current assets | 29/58 | €206,664 | €207,673 | +€1,009 | +0.5% |
| Stocks and contracts in progress | 3 | €9,083 | €7,781 | -€1,302 | -14.3% |
| Stocks | 30/36 | €9,083 | €7,781 | -€1,302 | -14.3% |
| Amounts receivable within one year | 40/41 | €34,030 | €16,486 | -€17,544 | -51.6% |
| Trade receivables | 40 | €31,462 | €16,486 | -€14,976 | -47.6% |
| Other amounts receivable | 41 | €2,568 | €0 | -€2,568 | -100% |
| Current investments | 50/53 | €132,178 | €134,340 | +€2,162 | +1.6% |
| Cash at bank and in hand | 54/58 | €31,374 | €44,663 | +€13,289 | +42.4% |
| Deferred charges and accrued income | 490/1 | - | €4,403 | +€4,403 | |
| Total equity and liabilities | 10/49 | €226,977 | €219,925 | -€7,052 | -3.1% |
| Equity | 10/15 | €192,944 | €199,649 | +€6,705 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €130,944 | €137,649 | +€6,705 | +5.1% |
| Non-distributable reserves | 130/1 | €10,850 | €10,850 | = | 0.0% |
| Legal reserve | 130 | €10,850 | €10,850 | = | 0.0% |
| Distributable reserves | 133 | €120,094 | €126,799 | +€6,705 | +5.6% |
| Amounts payable | 17/49 | €34,033 | €20,275 | -€13,757 | -40.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,033 | €20,275 | -€13,757 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €5,373 | €0 | -€5,373 | -100% |
| Trade debts | 44 | €15,883 | €3,786 | -€12,096 | -76.2% |
| Suppliers | 440/4 | €15,883 | €3,786 | -€12,096 | -76.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €279 | €3,472 | +€3,193 | +1,144% |
| Taxes | 450/3 | €279 | €3,472 | +€3,193 | +1,144% |
| Other amounts payable | 47/48 | €12,498 | €13,017 | +€519 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €8,061 | -€2,159 | -21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €618 | €637 | +€19 | +3.1% |
| Gross operating margin | 9900 | €15,248 | €16,013 | +€764 | +5.0% |
| Operating profit (loss) | 9901 | €4,410 | €7,315 | +€2,905 | +65.9% |
| Financial income | 75/76B | €613 | €3,525 | +€2,913 | +476% |
| Recurring financial income | 75 | €613 | €3,525 | +€2,913 | +476% |
| Financial charges | 65/66B | €2,054 | €1,447 | -€606 | -29.5% |
| Recurring financial charges | 65 | €2,054 | €1,447 | -€606 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €2,969 | €9,393 | +€6,424 | +216% |
| Income taxes | 67/77 | €725 | €2,688 | +€1,964 | +271% |
| Profit (loss) for the period | 9904 | €2,245 | €6,705 | +€4,460 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €2,245 | €6,705 | +€4,460 | +199% |
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 4 November 2026 via checked.be.