E.Vermylen: what changed
Two financial 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.
E.Vermylen
Largest movements
- Cash +€166,071
up €166,071 (+38.8%), from €428,005 to €594,076
mainly Net result for the year (+€165,105) and Tax, wage and social debts (+€24,697)
- Receivables within one year +€22,587
up €22,587 (+187%), from €12,095 to €34,682
of which Trade receivables: +€33,924
- Reserves +€165,100
up €165,100 (+38.7%), from €427,090 to €592,190
- Tax, wage and social debts +€24,697
up €24,697 (+134%), from €18,495 to €43,192
of which Taxes: +€22,449
- Gross operating margin +€18,446
up €18,446 (+8.3%), from €222,228 to €240,675
- Taxes +€6,455
up €6,455 (+9.8%), from €65,993 to €72,449
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.
Derived cash bridge
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 | €451,814 | €639,559 | +€187,744 | +41.6% |
| Fixed assets | 21/28 | €10,601 | €8,541 | -€2,060 | -19.4% |
| Tangible fixed assets | 22/27 | €10,601 | €8,541 | -€2,060 | -19.4% |
| Plant, machinery and equipment | 23 | €5,740 | €3,708 | -€2,032 | -35.4% |
| Furniture and vehicles | 24 | €1,339 | €1,759 | +€420 | +31.4% |
| Other tangible fixed assets | 26 | €3,522 | €3,074 | -€448 | -12.7% |
| Current assets | 29/58 | €441,213 | €631,017 | +€189,804 | +43.0% |
| Amounts receivable within one year | 40/41 | €12,095 | €34,682 | +€22,587 | +187% |
| Trade receivables | 40 | €0 | €33,924 | +€33,924 | |
| Other amounts receivable | 41 | €12,095 | €758 | -€11,337 | -93.7% |
| Cash at bank and in hand | 54/58 | €428,005 | €594,076 | +€166,071 | +38.8% |
| Deferred charges and accrued income | 490/1 | €1,113 | €2,260 | +€1,147 | +103% |
| Total equity and liabilities | 10/49 | €451,814 | €639,559 | +€187,744 | +41.6% |
| Equity | 10/15 | €428,163 | €593,268 | +€165,105 | +38.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €427,090 | €592,190 | +€165,100 | +38.7% |
| Distributable reserves | 133 | €427,090 | €592,190 | +€165,100 | +38.7% |
| Profit (loss) carried forward | 14 | €73 | €78 | +€5 | +6.4% |
| Amounts payable | 17/49 | €23,651 | €46,291 | +€22,640 | +95.7% |
| Amounts payable within one year | 42/48 | €23,651 | €46,291 | +€22,640 | +95.7% |
| Trade debts | 44 | €5,156 | €3,099 | -€2,058 | -39.9% |
| Suppliers | 440/4 | €5,156 | €3,099 | -€2,058 | -39.9% |
| Taxes, remuneration and social security | 45 | €18,495 | €43,192 | +€24,697 | +134% |
| Taxes | 450/3 | €18,495 | €40,944 | +€22,449 | +121% |
| Remuneration and social security | 454/9 | €0 | €2,249 | +€2,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | €2,729 | +€378 | +16.1% |
| Other operating charges | 640/8 | €635 | €659 | +€24 | +3.8% |
| Gross operating margin | 9900 | €222,228 | €240,675 | +€18,446 | +8.3% |
| Operating profit (loss) | 9901 | €219,243 | €237,287 | +€18,044 | +8.2% |
| Financial income | 75/76B | €977 | €348 | -€629 | -64.4% |
| Recurring financial income | 75 | €977 | €348 | -€629 | -64.4% |
| Financial charges | 65/66B | €74 | €82 | +€8 | +10.9% |
| Recurring financial charges | 65 | €74 | €82 | +€8 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €220,146 | €237,553 | +€17,407 | +7.9% |
| Income taxes | 67/77 | €65,993 | €72,449 | +€6,455 | +9.8% |
| Profit (loss) for the period | 9904 | €154,153 | €165,105 | +€10,952 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,153 | €165,105 | +€10,952 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.