VEREMAR: 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.
VEREMAR
Largest movements
- Receivables within one year -€85,896
down €85,896 (-18.8%), from €456,780 to €370,884
of which Trade receivables: -€99,472
- Tangible fixed assets -€20,423
down €20,423 (-11.5%), from €177,803 to €157,379
of which Land and buildings: -€16,575
- Cash -€10,829
down €10,829 (-42.6%), from €25,441 to €14,612
mainly Trade debts (-€89,771) and Debts after one year (-€25,896)
- Trade debts -€89,771
down €89,771 (-55.7%), from €161,123 to €71,352
- Debts after one year -€25,896
down €25,896 (-16.1%), from €160,679 to €134,782
- Write-downs +€49,906
up €49,906, from -€5,653 to €44,254
- Gross operating margin +€46,814
up €46,814 (+173.3%), from €27,018 to €73,833
- Financial charges -€3,464
down €3,464 (-38.4%), from €9,012 to €5,548
of which Financial charges: -€3,450
- Financial income -€2,866
no longer reported in 2025 (was €2,866)
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 | €660,024 | €542,875 | -€117,149 | -17.7% |
| Fixed assets | 21/28 | €177,803 | €157,379 | -€20,423 | -11.5% |
| Tangible fixed assets | 22/27 | €177,803 | €157,379 | -€20,423 | -11.5% |
| Land and buildings | 22 | €165,750 | €149,175 | -€16,575 | -10.0% |
| Plant, machinery and equipment | 23 | €532 | - | -€532 | |
| Furniture and vehicles | 24 | €11,521 | €8,204 | -€3,316 | -28.8% |
| Current assets | 29/58 | €482,221 | €385,496 | -€96,726 | -20.1% |
| Amounts receivable within one year | 40/41 | €456,780 | €370,884 | -€85,896 | -18.8% |
| Trade receivables | 40 | €443,518 | €344,046 | -€99,472 | -22.4% |
| Other amounts receivable | 41 | €13,262 | €26,838 | +€13,575 | +102.4% |
| Cash at bank and in hand | 54/58 | €25,441 | €14,612 | -€10,829 | -42.6% |
| Total equity and liabilities | 10/49 | €660,024 | €542,875 | -€117,149 | -17.7% |
| Equity | 10/15 | €186,040 | €188,101 | +€2,062 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,840 | €181,901 | +€2,062 | +1.1% |
| Distributable reserves | 133 | €179,840 | €181,901 | +€2,062 | +1.1% |
| Amounts payable | 17/49 | €473,984 | €354,773 | -€119,211 | -25.2% |
| Amounts payable after more than one year | 17 | €160,679 | €134,782 | -€25,896 | -16.1% |
| Financial debts | 170/4 | €160,679 | €134,782 | -€25,896 | -16.1% |
| Amounts payable within one year | 42/48 | €313,305 | €219,991 | -€93,314 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €25,252 | €25,896 | +€644 | +2.5% |
| Financial debts | 43 | €9,065 | €9,000 | -€65 | -0.7% |
| Other loans | 439 | €9,065 | €9,000 | -€65 | -0.7% |
| Trade debts | 44 | €161,123 | €71,352 | -€89,771 | -55.7% |
| Suppliers | 440/4 | €161,123 | €71,352 | -€89,771 | -55.7% |
| Taxes, remuneration and social security | 45 | €6,483 | €4,488 | -€1,994 | -30.8% |
| Taxes | 450/3 | €6,483 | €4,488 | -€1,994 | -30.8% |
| Other amounts payable | 47/48 | €111,382 | €109,254 | -€2,128 | -1.9% |
| Non-recurring operating income | 76A | €4,350 | - | -€4,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,795 | €20,423 | -€372 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,653 | €44,254 | +€49,906 | |
| Other operating charges | 640/8 | €177 | €121 | -€56 | -31.4% |
| Gross operating margin | 9900 | €27,018 | €73,833 | +€46,814 | +173.3% |
| Operating profit (loss) | 9901 | €11,699 | €9,034 | -€2,664 | -22.8% |
| Financial income | 75/76B | €2,866 | - | -€2,866 | |
| Recurring financial income | 75 | €2,866 | - | -€2,866 | |
| Financial charges | 65/66B | €9,012 | €5,548 | -€3,464 | -38.4% |
| Recurring financial charges | 65 | €9,002 | €5,551 | -€3,450 | -38.3% |
| Non-recurring financial charges | 66B | €10 | -€3 | -€13 | |
| Profit (loss) for the period before taxes | 9903 | €5,554 | €3,486 | -€2,067 | -37.2% |
| Income taxes | 67/77 | €1,738 | €1,425 | -€313 | -18.0% |
| Profit (loss) for the period | 9904 | €3,816 | €2,062 | -€1,754 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,816 | €2,062 | -€1,754 | -46.0% |
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 12 October 2026 via checked.be.