Vermaelen Services: 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.
Vermaelen Services
Largest movements
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Cash -€12,129
down €12,129 (-15.4%), from €78,585 to €66,455
mainly Contributions, distributions and other (-€196,192) and Investment in fixed assets (net) (-€5,296)
- Reserves -€140,092
no longer reported in 2025 (was €140,092)
- Other debts +€66,665
up €66,665 (+436,005%), from €15 to €66,680
- Gross operating margin -€11,712
down €11,712 (-13.1%), from €89,616 to €77,903
- Taxes -€2,207
down €2,207 (-12.9%), from €17,093 to €14,886
- Financial income +€1,195
up €1,195 (+377%), from €317 to €1,512
- Depreciation +€994
up €994 (+22.1%), from €4,493 to €5,487
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 | €169,641 | €95,733 | -€73,908 | -43.6% |
| Fixed assets | 21/28 | €10,865 | €10,673 | -€191 | -1.8% |
| Tangible fixed assets | 22/27 | €10,865 | €10,673 | -€191 | -1.8% |
| Plant, machinery and equipment | 23 | €8,147 | €4,719 | -€3,427 | -42.1% |
| Furniture and vehicles | 24 | €723 | €4,400 | +€3,677 | +509% |
| Other tangible fixed assets | 26 | €1,995 | €1,554 | -€441 | -22.1% |
| Current assets | 29/58 | €158,776 | €85,059 | -€73,717 | -46.4% |
| Amounts receivable within one year | 40/41 | €20,191 | €18,604 | -€1,587 | -7.9% |
| Trade receivables | 40 | €20,191 | €18,604 | -€1,587 | -7.9% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €78,585 | €66,455 | -€12,129 | -15.4% |
| Total equity and liabilities | 10/49 | €169,641 | €95,733 | -€73,908 | -43.6% |
| Equity | 10/15 | €142,592 | €2,500 | -€140,092 | -98.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €140,092 | - | -€140,092 | |
| Distributable reserves | 133 | €140,092 | - | -€140,092 | |
| Amounts payable | 17/49 | €27,049 | €93,233 | +€66,184 | +245% |
| Amounts payable within one year | 42/48 | €27,049 | €93,233 | +€66,184 | +245% |
| Trade debts | 44 | €248 | €140 | -€108 | -43.4% |
| Suppliers | 440/4 | €248 | €140 | -€108 | -43.4% |
| Taxes, remuneration and social security | 45 | €26,786 | €26,412 | -€374 | -1.4% |
| Taxes | 450/3 | €26,786 | €26,412 | -€374 | -1.4% |
| Other amounts payable | 47/48 | €15 | €66,680 | +€66,665 | +436,005% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,493 | €5,487 | +€994 | +22.1% |
| Other operating charges | 640/8 | €899 | €1,114 | +€215 | +23.9% |
| Gross operating margin | 9900 | €89,616 | €77,903 | -€11,712 | -13.1% |
| Operating profit (loss) | 9901 | €84,223 | €71,303 | -€12,921 | -15.3% |
| Financial income | 75/76B | €317 | €1,512 | +€1,195 | +377% |
| Recurring financial income | 75 | €317 | €1,512 | +€1,195 | +377% |
| Financial charges | 65/66B | €2,269 | €1,828 | -€441 | -19.4% |
| Recurring financial charges | 65 | €2,269 | €1,828 | -€441 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €82,271 | €70,986 | -€11,285 | -13.7% |
| Income taxes | 67/77 | €17,093 | €14,886 | -€2,207 | -12.9% |
| Profit (loss) for the period | 9904 | €65,178 | €56,100 | -€9,078 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,178 | €56,100 | -€9,078 | -13.9% |
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 15 October 2026 via checked.be.