VAERMAN-SALE: 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.
What changed
VAERMAN-SALE
NACE 96.301, Funeral services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€11,181
2024 · -€5,533-€5,648
Equity
€593,995
2024 · €605,175-€11,181
Cash
€508,668
2024 · €481,826+€26,842
Balance sheet total
€839,538
2024 · €840,889-€1,351
Largest movements
Assets
- Receivables within one year -€40,981
down €40,981 (-23.8%), from €172,380 to €131,399
of which Trade receivables: -€36,348
- Cash +€26,842
up €26,842 (+5.6%), from €481,826 to €508,668
mainly Receivables within one year (+€40,981) and Depreciation (+€11,297)
Equity and liabilities
- Profit (loss) carried forward -€11,181
down €11,181 (-22.5%), from -€49,664 to -€60,845
- Other debts +€8,761
up €8,761 (+12.1%), from €72,357 to €81,118
Income statement
- Gross operating margin -€6,419
down €6,419 (-4.8%), from €132,677 to €126,259
- Staff costs +€2,183
up €2,183 (+2.0%), from €109,800 to €111,983
- Depreciation -€2,172
down €2,172 (-16.1%), from €13,469 to €11,297
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.
Result 2024
-€5,533
Gross operating margin
-€6,419
Staff costs
-€2,183
Depreciation
+€2,172
Other operating charges
+€655
Financial income
-€151
Financial charges
-€90
Taxes
+€367
Result 2025
-€11,181
raises the resultlowers the result
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.
From operations
+€44,757
Investment
-€16,225
Financing
-€1,690
Cash 2024
€481,826
From operations (derived)
+€44,757
Net result for the year
-€11,181
Depreciation
+€11,297
Stocks and contracts
-€3,273
Receivables within one year
+€40,981
Deferred charges and accrued income
-€4,588
Trade debts
+€4,216
Tax, wage and social debts
-€1,182
Other debts
+€8,761
Accrued charges and deferred income
-€275
Investment (derived)
-€16,225
Investment in fixed assets (net)
-€16,225
Financing
-€1,690
Short-term financial debts
-€1,690
Cash 2025
€508,668
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €840,889 | €839,538 | -€1,351 | -0.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €79,554 | €84,483 | +€4,928 | +6.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €79,554 | €84,483 | +€4,928 | +6.2% |
| Land and buildings | 22 | €74,322 | €74,972 | +€650 | +0.9% |
| Plant, machinery and equipment | 23 | €4,139 | €5,371 | +€1,232 | +29.8% |
| Furniture and vehicles | 24 | €1,093 | €4,140 | +€3,047 | +279% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €761,335 | €755,055 | -€6,279 | -0.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €102,333 | €105,606 | +€3,273 | +3.2% |
| Stocks | 30/36 | €102,333 | €105,606 | +€3,273 | +3.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €172,380 | €131,399 | -€40,981 | -23.8% |
| Trade receivables | 40 | €167,549 | €131,201 | -€36,348 | -21.7% |
| Other amounts receivable | 41 | €4,831 | €198 | -€4,633 | -95.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €481,826 | €508,668 | +€26,842 | +5.6% |
| Deferred charges and accrued income | 490/1 | €4,795 | €9,383 | +€4,588 | +95.7% |
| Total equity and liabilities | 10/49 | €840,889 | €839,538 | -€1,351 | -0.2% |
| Equity | 10/15 | €605,175 | €593,995 | -€11,181 | -1.8% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €269,839 | €269,839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €269,839 | €269,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,664 | -€60,845 | -€11,181 | -22.5% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €235,714 | €245,544 | +€9,830 | +4.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €235,433 | €245,538 | +€10,105 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €126,690 | €125,000 | -€1,690 | -1.3% |
| Credit institutions | 430/8 | €1,690 | €0 | -€1,690 | -100% |
| Other loans | 439 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €13,419 | €17,635 | +€4,216 | +31.4% |
| Suppliers | 440/4 | €13,419 | €17,635 | +€4,216 | +31.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,967 | €21,785 | -€1,182 | -5.1% |
| Taxes | 450/3 | €4,837 | €3,681 | -€1,155 | -23.9% |
| Remuneration and social security | 454/9 | €18,130 | €18,104 | -€26 | -0.1% |
| Other amounts payable | 47/48 | €72,357 | €81,118 | +€8,761 | +12.1% |
| Accrued charges and deferred income | 492/3 | €281 | €6 | -€275 | -98.0% |
| Remuneration, social security and pensions | 62 | €109,800 | €111,983 | +€2,183 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,469 | €11,297 | -€2,172 | -16.1% |
| Other operating charges | 640/8 | €1,916 | €1,260 | -€655 | -34.2% |
| Gross operating margin | 9900 | €132,677 | €126,259 | -€6,419 | -4.8% |
| Operating profit (loss) | 9901 | €7,493 | €1,718 | -€5,775 | -77.1% |
| Financial income | 75/76B | €279 | €129 | -€151 | -54.0% |
| Recurring financial income | 75 | €279 | €129 | -€151 | -54.0% |
| Financial charges | 65/66B | €12,938 | €13,027 | +€90 | +0.7% |
| Recurring financial charges | 65 | €12,938 | €13,027 | +€90 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,166 | -€11,181 | -€6,015 | -116% |
| Income taxes | 67/77 | €367 | €0 | -€367 | -100% |
| Profit (loss) for the period | 9904 | -€5,533 | -€11,181 | -€5,648 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,533 | -€11,181 | -€5,648 | -102% |
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 28 October 2026 via checked.be.