IGNACE VERNIMME: 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.
IGNACE VERNIMME
Largest movements
- Receivables after one year -€592,112
down €592,112 (-100.0%), from €592,112 to €0
- Cash +€209,368
up €209,368 (+45.8%), from €457,122 to €666,489
mainly Receivables after one year (+€592,112) and Net result for the year (+€395,553)
- Current investments +€113,848
up €113,848 (+8.5%), from €1.3m to €1.5m
- Financial fixed assets -€90,000
down €90,000 (-99.9%), from €90,090 to €90
- Receivables within one year +€58,830
up €58,830 (+220.7%), from €26,654 to €85,484
of which Other amounts receivable: +€62,565
- Other debts -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Reserves -€54,447
down €54,447 (-2.5%), from €2.2m to €2.1m
of which Distributable reserves: -€54,447
- Gross operating margin -€166,261
down €166,261 (-23.3%), from €714,825 to €548,564
- Taxes -€54,375
down €54,375 (-23.0%), from €236,460 to €182,084
- Financial income -€20,094
down €20,094 (-23.5%), from €85,676 to €65,583
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 | €2,566,160 | €2,250,882 | -€315,278 | -12.3% |
| Fixed assets | 21/28 | €132,773 | €30,893 | -€101,881 | -76.7% |
| Tangible fixed assets | 22/27 | €42,683 | €30,803 | -€11,881 | -27.8% |
| Plant, machinery and equipment | 23 | €1,790 | €1,334 | -€456 | -25.5% |
| Furniture and vehicles | 24 | €38,562 | €28,608 | -€9,954 | -25.8% |
| Other tangible fixed assets | 26 | €2,331 | €861 | -€1,471 | -63.1% |
| Financial fixed assets | 28 | €90,090 | €90 | -€90,000 | -99.9% |
| Current assets | 29/58 | €2,433,387 | €2,219,989 | -€213,398 | -8.8% |
| Amounts receivable after more than one year | 29 | €592,112 | €0 | -€592,112 | -100.0% |
| Other amounts receivable | 291 | €592,112 | €0 | -€592,112 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,654 | €85,484 | +€58,830 | +220.7% |
| Trade receivables | 40 | €10,471 | €6,736 | -€3,735 | -35.7% |
| Other amounts receivable | 41 | €16,183 | €78,748 | +€62,565 | +386.6% |
| Current investments | 50/53 | €1,336,692 | €1,450,541 | +€113,848 | +8.5% |
| Cash at bank and in hand | 54/58 | €457,122 | €666,489 | +€209,368 | +45.8% |
| Deferred charges and accrued income | 490/1 | €20,806 | €17,475 | -€3,331 | -16.0% |
| Total equity and liabilities | 10/49 | €2,566,160 | €2,250,882 | -€315,278 | -12.3% |
| Equity | 10/15 | €2,183,315 | €2,128,868 | -€54,447 | -2.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €2,152,315 | €2,097,868 | -€54,447 | -2.5% |
| Tax-exempt reserves | 132 | €316 | €316 | = | 0.0% |
| Distributable reserves | 133 | €2,152,000 | €2,097,553 | -€54,447 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,845 | €122,014 | -€260,832 | -68.1% |
| Amounts payable within one year | 42/48 | €382,845 | €122,014 | -€260,832 | -68.1% |
| Trade debts | 44 | €11,655 | €12,588 | +€932 | +8.0% |
| Suppliers | 440/4 | €11,655 | €12,588 | +€932 | +8.0% |
| Taxes, remuneration and social security | 45 | €121,190 | €109,426 | -€11,764 | -9.7% |
| Taxes | 450/3 | €121,190 | €100,737 | -€20,453 | -16.9% |
| Remuneration and social security | 454/9 | - | €8,689 | +€8,689 | |
| Other amounts payable | 47/48 | €250,000 | €0 | -€250,000 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,494 | €11,881 | -€1,613 | -12.0% |
| Other operating charges | 640/8 | €2,208 | €2,012 | -€196 | -8.9% |
| Gross operating margin | 9900 | €714,825 | €548,564 | -€166,261 | -23.3% |
| Operating profit (loss) | 9901 | €699,123 | €534,671 | -€164,452 | -23.5% |
| Financial income | 75/76B | €85,676 | €65,583 | -€20,094 | -23.5% |
| Recurring financial income | 75 | €85,676 | €65,583 | -€20,094 | -23.5% |
| Financial charges | 65/66B | €25,360 | €22,617 | -€2,744 | -10.8% |
| Recurring financial charges | 65 | €25,360 | €22,617 | -€2,744 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €759,439 | €577,637 | -€181,802 | -23.9% |
| Income taxes | 67/77 | €236,460 | €182,084 | -€54,375 | -23.0% |
| Profit (loss) for the period | 9904 | €522,980 | €395,553 | -€127,427 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €522,980 | €395,553 | -€127,427 | -24.4% |
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 30 September 2026 via checked.be.