HERMAN VERWIMP: what changed
HERMAN VERWIMP
Largest movements
- Cash -€77,405
down €77,405 (-88.2%), from €87,785 to €10,380
mainly Net result for the year (-€47,600) and Contributions, distributions and other (-€34,639)
- Receivables within one year +€33,367
up €33,367 (+137%), from €24,394 to €57,761
of which Other amounts receivable: +€27,749
- Tangible fixed assets -€31,852
down €31,852 (-24.1%), from €132,107 to €100,255
of which Land and buildings: -€29,012
- Current investments -€19,623
down €19,623 (-17.9%), from €109,915 to €90,292
- Profit (loss) carried forward -€47,600
down €47,600, from €0 to -€47,600
- Reserves -€34,639
down €34,639 (-11.8%), from €294,189 to €259,549
- Current portion of long-term debt -€20,449
down €20,449 (-100%), from €20,449 to €0
- Accrued charges and deferred income +€7,488
up €7,488 (+52.0%), from €14,387 to €21,875
- Tax, wage and social debts -€4,630
down €4,630 (-100%), from €4,630 to €0
- Gross operating margin -€161,423
down €161,423, from €143,856 to -€17,567
- Taxes -€30,979
down €30,979 (-99.0%), from €31,281 to €303
- Depreciation -€8,180
down €8,180 (-20.0%), from €40,886 to €32,706
- Financial income +€6,731
up €6,731 (+965%), from €698 to €7,429
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 | €358,977 | €263,361 | -€95,617 | -26.6% |
| Fixed assets | 21/28 | €132,107 | €100,255 | -€31,852 | -24.1% |
| Tangible fixed assets | 22/27 | €132,107 | €100,255 | -€31,852 | -24.1% |
| Land and buildings | 22 | €120,725 | €91,713 | -€29,012 | -24.0% |
| Plant, machinery and equipment | 23 | €5,648 | €5,064 | -€584 | -10.3% |
| Furniture and vehicles | 24 | €5,733 | €3,478 | -€2,255 | -39.3% |
| Current assets | 29/58 | €226,871 | €163,106 | -€63,765 | -28.1% |
| Stocks and contracts in progress | 3 | €2,681 | €2,183 | -€498 | -18.6% |
| Stocks | 30/36 | €2,681 | €2,183 | -€498 | -18.6% |
| Amounts receivable within one year | 40/41 | €24,394 | €57,761 | +€33,367 | +137% |
| Trade receivables | 40 | €3,769 | €9,387 | +€5,619 | +149% |
| Other amounts receivable | 41 | €20,626 | €48,374 | +€27,749 | +135% |
| Current investments | 50/53 | €109,915 | €90,292 | -€19,623 | -17.9% |
| Cash at bank and in hand | 54/58 | €87,785 | €10,380 | -€77,405 | -88.2% |
| Deferred charges and accrued income | 490/1 | €2,096 | €2,490 | +€394 | +18.8% |
| Total equity and liabilities | 10/49 | €358,977 | €263,361 | -€95,617 | -26.6% |
| Equity | 10/15 | €300,389 | €218,149 | -€82,239 | -27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,189 | €259,549 | -€34,639 | -11.8% |
| Distributable reserves | 133 | €294,189 | €259,549 | -€34,639 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | -€47,600 | -€47,600 | |
| Amounts payable | 17/49 | €58,589 | €45,212 | -€13,377 | -22.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,202 | €23,337 | -€20,865 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €20,449 | €0 | -€20,449 | -100% |
| Financial debts | 43 | €8,452 | €8,410 | -€41 | -0.5% |
| Credit institutions | 430/8 | €8,452 | €8,410 | -€41 | -0.5% |
| Trade debts | 44 | €6,171 | €6,926 | +€755 | +12.2% |
| Suppliers | 440/4 | €6,171 | €6,926 | +€755 | +12.2% |
| Taxes, remuneration and social security | 45 | €4,630 | €0 | -€4,630 | -100% |
| Taxes | 450/3 | €4,630 | €0 | -€4,630 | -100% |
| Other amounts payable | 47/48 | €4,500 | €8,000 | +€3,500 | +77.8% |
| Accrued charges and deferred income | 492/3 | €14,387 | €21,875 | +€7,488 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,886 | €32,706 | -€8,180 | -20.0% |
| Other operating charges | 640/8 | €2,438 | €2,563 | +€125 | +5.1% |
| Gross operating margin | 9900 | €143,856 | -€17,567 | -€161,423 | |
| Operating profit (loss) | 9901 | €100,532 | -€52,836 | -€153,368 | |
| Financial income | 75/76B | €698 | €7,429 | +€6,731 | +965% |
| Recurring financial income | 75 | €698 | €7,429 | +€6,731 | +965% |
| Financial charges | 65/66B | €1,708 | €1,890 | +€182 | +10.6% |
| Recurring financial charges | 65 | €1,708 | €1,890 | +€182 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €99,522 | -€47,297 | -€146,819 | |
| Income taxes | 67/77 | €31,281 | €303 | -€30,979 | -99.0% |
| Profit (loss) for the period | 9904 | €68,241 | -€47,600 | -€115,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,241 | -€47,600 | -€115,841 |
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 7 November 2026 via checked.be.