Vermacc: 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.
Vermacc
Largest movements
- Deferred charges and accrued income +€37,562
up €37,562 (+313.9%), from €11,964 to €49,526
- Receivables within one year -€11,338
down €11,338 (-100.0%), from €11,344 to €5
- Cash +€6,973
up €6,973 (+379.4%), from €1,838 to €8,811
mainly Net result for the year (+€35,004) and Tax, wage and social debts (+€14,527)
- Tangible fixed assets -€1,786
down €1,786 (-16.2%), from €11,052 to €9,266
- Reserves +€34,145
up €34,145 (+1459.1%), from €2,340 to €36,485
- Tax, wage and social debts +€14,527
up €14,527 (+246.6%), from €5,890 to €20,417
of which Taxes: +€12,437
- Trade debts -€12,039
down €12,039 (-68.4%), from €17,609 to €5,570
- Other debts -€5,222
down €5,222 (-62.5%), from €8,359 to €3,137
- Gross operating margin +€44,819
up €44,819 (+685.9%), from €6,534 to €51,353
- Taxes +€9,236
up €9,236 (+501.0%), from €1,843 to €11,079
- Depreciation +€2,485
up €2,485 (+307.2%), from €809 to €3,293
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 | €36,198 | €67,609 | +€31,410 | +86.8% |
| Fixed assets | 21/28 | €11,052 | €9,266 | -€1,786 | -16.2% |
| Tangible fixed assets | 22/27 | €11,052 | €9,266 | -€1,786 | -16.2% |
| Furniture and vehicles | 24 | €11,052 | €9,266 | -€1,786 | -16.2% |
| Current assets | 29/58 | €25,146 | €58,343 | +€33,196 | +132.0% |
| Amounts receivable within one year | 40/41 | €11,344 | €5 | -€11,338 | -100.0% |
| Trade receivables | 40 | €11,344 | €5 | -€11,338 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,838 | €8,811 | +€6,973 | +379.4% |
| Deferred charges and accrued income | 490/1 | €11,964 | €49,526 | +€37,562 | +313.9% |
| Total equity and liabilities | 10/49 | €36,198 | €67,609 | +€31,410 | +86.8% |
| Equity | 10/15 | €4,340 | €38,485 | +€34,145 | +786.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,340 | €36,485 | +€34,145 | +1459.1% |
| Distributable reserves | 133 | €2,340 | €36,485 | +€34,145 | +1459.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,858 | €29,124 | -€2,734 | -8.6% |
| Amounts payable within one year | 42/48 | €31,858 | €29,124 | -€2,734 | -8.6% |
| Trade debts | 44 | €17,609 | €5,570 | -€12,039 | -68.4% |
| Suppliers | 440/4 | €17,609 | €5,570 | -€12,039 | -68.4% |
| Taxes, remuneration and social security | 45 | €5,890 | €20,417 | +€14,527 | +246.6% |
| Taxes | 450/3 | €5,890 | €18,327 | +€12,437 | +211.2% |
| Remuneration and social security | 454/9 | - | €2,090 | +€2,090 | |
| Other amounts payable | 47/48 | €8,359 | €3,137 | -€5,222 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €3,293 | +€2,485 | +307.2% |
| Other operating charges | 640/8 | €1,102 | €1,307 | +€205 | +18.6% |
| Gross operating margin | 9900 | €6,534 | €51,353 | +€44,819 | +685.9% |
| Operating profit (loss) | 9901 | €4,623 | €46,753 | +€42,130 | +911.3% |
| Financial income | 75/76B | €0 | €30 | +€30 | +33466.7% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +33466.7% |
| Financial charges | 65/66B | €440 | €700 | +€261 | +59.4% |
| Recurring financial charges | 65 | €440 | €700 | +€261 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €4,184 | €46,083 | +€41,899 | +1001.5% |
| Income taxes | 67/77 | €1,843 | €11,079 | +€9,236 | +501.0% |
| Profit (loss) for the period | 9904 | €2,340 | €35,004 | +€32,664 | +1395.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,340 | €35,004 | +€32,664 | +1395.8% |
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 9 October 2026 via checked.be.