N.V. Vierman: 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.
N.V. Vierman
Largest movements
- Receivables within one year -€32,215
down €32,215 (-30.7%), from €104,964 to €72,749
of which Other amounts receivable: -€32,015
- Cash -€5,078
down €5,078 (-46.5%), from €10,919 to €5,840
mainly Provisions (-€30,000) and Net result for the year (-€9,168)
- Provisions -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward -€9,168
down €9,168 (-17.5%), from -€52,410 to -€61,578
- Other debts +€3,376
new in 2025: €3,376
- Trade debts -€2,230
down €2,230 (-30.1%), from €7,398 to €5,168
- Gross operating margin -€353,391
down €353,391, from €335,504 to -€17,887
- Staff costs -€85,395
no longer reported in 2025 (was €85,395)
- Provisions -€60,000
down €60,000, from €30,000 to -€30,000
- Taxes -€41,840
no longer reported in 2025 (was €41,840)
- Financial charges -€5,608
down €5,608 (-97.3%), from €5,764 to €156
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 | €219,685 | €179,810 | -€39,875 | -18.2% |
| Fixed assets | 21/28 | €102,300 | €101,221 | -€1,079 | -1.1% |
| Tangible fixed assets | 22/27 | €102,300 | €101,221 | -€1,079 | -1.1% |
| Land and buildings | 22 | €102,300 | €101,221 | -€1,079 | -1.1% |
| Current assets | 29/58 | €117,385 | €78,589 | -€38,796 | -33.1% |
| Amounts receivable within one year | 40/41 | €104,964 | €72,749 | -€32,215 | -30.7% |
| Trade receivables | 40 | €200 | - | -€200 | |
| Other amounts receivable | 41 | €104,764 | €72,749 | -€32,015 | -30.6% |
| Cash at bank and in hand | 54/58 | €10,919 | €5,840 | -€5,078 | -46.5% |
| Deferred charges and accrued income | 490/1 | €1,503 | - | -€1,503 | |
| Total equity and liabilities | 10/49 | €219,685 | €179,810 | -€39,875 | -18.2% |
| Equity | 10/15 | €178,435 | €169,267 | -€9,168 | -5.1% |
| Contributions | 10/11 | €191,235 | €191,235 | = | 0.0% |
| Capital | 10 | €191,235 | €191,235 | = | 0.0% |
| Issued capital | 100 | €191,235 | €191,235 | = | 0.0% |
| Reserves | 13 | €39,610 | €39,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,124 | €19,124 | = | 0.0% |
| Legal reserve | 130 | €19,124 | €19,124 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,486 | €20,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,410 | -€61,578 | -€9,168 | -17.5% |
| Provisions and deferred taxes | 16 | €30,000 | - | -€30,000 | |
| Provisions for liabilities and charges | 160/5 | €30,000 | - | -€30,000 | |
| Major repairs and maintenance | 162 | €30,000 | - | -€30,000 | |
| Amounts payable | 17/49 | €11,250 | €10,543 | -€707 | -6.3% |
| Amounts payable within one year | 42/48 | €11,250 | €10,543 | -€707 | -6.3% |
| Trade debts | 44 | €7,398 | €5,168 | -€2,230 | -30.1% |
| Suppliers | 440/4 | €7,398 | €5,168 | -€2,230 | -30.1% |
| Taxes, remuneration and social security | 45 | €3,853 | €2,000 | -€1,853 | -48.1% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,853 | - | -€1,853 | |
| Other amounts payable | 47/48 | - | €3,376 | +€3,376 | |
| Remuneration, social security and pensions | 62 | €85,395 | - | -€85,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225 | €1,079 | +€854 | +380% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,869 | - | -€2,869 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,000 | -€30,000 | -€60,000 | |
| Other operating charges | 640/8 | €20,334 | €20,046 | -€288 | -1.4% |
| Non-recurring operating charges | 66A | €52,998 | - | -€52,998 | |
| Gross operating margin | 9900 | €335,504 | -€17,887 | -€353,391 | |
| Operating profit (loss) | 9901 | €143,683 | -€9,012 | -€152,695 | |
| Financial income | 75/76B | €1,887 | - | -€1,887 | |
| Recurring financial income | 75 | €1,887 | - | -€1,887 | |
| Financial charges | 65/66B | €5,764 | €156 | -€5,608 | -97.3% |
| Recurring financial charges | 65 | €5,764 | €156 | -€5,608 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €139,806 | -€9,168 | -€148,974 | |
| Income taxes | 67/77 | €41,840 | - | -€41,840 | |
| Profit (loss) for the period | 9904 | €97,966 | -€9,168 | -€107,134 | |
| Transfer from tax-exempt reserves | 789 | €35,663 | - | -€35,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,629 | -€9,168 | -€142,797 |
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 21 October 2026 via checked.be.