VERMANDELE: what changed
What changed
VERMANDELE
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€364,780
2024 · €882,730-€517,950
Equity
€3.1m
2024 · €2.7m+€364,780
Cash
€474,106
2024 · €729,455-€255,349
Balance sheet total
€6.9m
2024 · €6.5m+€394,793
Largest movements
Assets
- Receivables after one year +€800,000
new in 2025: €800,000
- Receivables within one year -€321,136
down €321,136 (-27.3%), from €1.2m to €854,876
of which Trade receivables: -€378,576
- Cash -€255,349
down €255,349 (-35.0%), from €729,455 to €474,106
mainly Receivables after one year (-€800,000) and Investment in fixed assets (net) (-€688,535)
- Tangible fixed assets +€160,941
up €160,941 (+3.6%), from €4.5m to €4.7m
of which Land and buildings: +€248,039
Equity and liabilities
- Reserves +€364,780
up €364,780 (+13.5%), from €2.7m to €3.1m
of which Distributable reserves: +€384,595
- Trade debts +€218,008
up €218,008 (+87.6%), from €248,959 to €466,967
- Debts after one year -€116,614
down €116,614 (-4.5%), from €2.6m to €2.5m
Income statement
- Gross operating margin -€813,918
down €813,918 (-26.4%), from €3.1m to €2.3m
- Other operating charges -€196,485
down €196,485 (-79.3%), from €247,893 to €51,408
- Taxes -€157,948
down €157,948 (-53.1%), from €297,569 to €139,621
- Depreciation +€104,145
up €104,145 (+24.6%), from €423,450 to €527,595
- Staff costs -€30,985
down €30,985 (-2.7%), from €1.1m to €1.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€882,730
Gross operating margin
-€813,918
Staff costs
+€30,985
Depreciation
-€104,145
Write-downs
+€1,213
Provisions
+€5,731
Other operating charges
+€196,485
Financial income
+€2,123
Financial charges
-€2,067
Taxes
+€157,948
Deferred taxes and other
+€7,694
Result 2025
€364,780
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€576,895
Investment
-€688,535
Financing
-€143,709
Cash 2024
€729,455
From operations (derived)
+€576,895
Net result for the year
+€364,780
Depreciation
+€527,595
Receivables after one year
-€800,000
Stocks and contracts
-€4,141
Receivables within one year
+€321,136
Deferred charges and accrued income
-€6,197
Provisions
-€10,466
Trade debts
+€218,008
Tax, wage and social debts
-€24,345
Advances received
-€2,414
Other debts
-€6,784
Accrued charges and deferred income
-€276
Investment (derived)
-€688,535
Investment in fixed assets (net)
-€688,535
Financing
-€143,709
Debts after one year
-€116,614
Current portion of long-term debt
-€27,095
Cash 2025
€474,106
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,466,620 | €6,861,413 | +€394,793 | +6.1% |
| Fixed assets | 21/28 | €4,523,052 | €4,683,992 | +€160,941 | +3.6% |
| Tangible fixed assets | 22/27 | €4,523,052 | €4,683,992 | +€160,941 | +3.6% |
| Land and buildings | 22 | €3,210,605 | €3,458,645 | +€248,039 | +7.7% |
| Plant, machinery and equipment | 23 | €689,391 | €677,552 | -€11,838 | -1.7% |
| Furniture and vehicles | 24 | €623,056 | €547,795 | -€75,261 | -12.1% |
| Current assets | 29/58 | €1,943,568 | €2,177,421 | +€233,853 | +12.0% |
| Amounts receivable after more than one year | 29 | - | €800,000 | +€800,000 | |
| Other amounts receivable | 291 | - | €800,000 | +€800,000 | |
| Stocks and contracts in progress | 3 | €980 | €5,121 | +€4,141 | +423% |
| Stocks | 30/36 | €980 | €5,121 | +€4,141 | +423% |
| Amounts receivable within one year | 40/41 | €1,176,012 | €854,876 | -€321,136 | -27.3% |
| Trade receivables | 40 | €1,037,737 | €659,161 | -€378,576 | -36.5% |
| Other amounts receivable | 41 | €138,275 | €195,715 | +€57,440 | +41.5% |
| Cash at bank and in hand | 54/58 | €729,455 | €474,106 | -€255,349 | -35.0% |
| Deferred charges and accrued income | 490/1 | €37,121 | €43,318 | +€6,197 | +16.7% |
| Total equity and liabilities | 10/49 | €6,466,620 | €6,861,413 | +€394,793 | +6.1% |
| Equity | 10/15 | €2,723,966 | €3,088,746 | +€364,780 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,705,366 | €3,070,146 | +€364,780 | +13.5% |
| Tax-exempt reserves | 132 | €170,672 | €150,857 | -€19,815 | -11.6% |
| Distributable reserves | 133 | €2,534,694 | €2,919,288 | +€384,595 | +15.2% |
| Provisions and deferred taxes | 16 | €37,121 | €26,655 | -€10,466 | -28.2% |
| Provisions for liabilities and charges | 160/5 | €16,878 | €13,017 | -€3,861 | -22.9% |
| Other liabilities and charges | 164/5 | €16,878 | €13,017 | -€3,861 | -22.9% |
| Deferred taxes | 168 | €20,243 | €13,638 | -€6,605 | -32.6% |
| Amounts payable | 17/49 | €3,705,533 | €3,746,012 | +€40,479 | +1.1% |
| Amounts payable after more than one year | 17 | €2,588,523 | €2,471,909 | -€116,614 | -4.5% |
| Financial debts | 170/4 | €2,588,523 | €2,471,909 | -€116,614 | -4.5% |
| Amounts payable within one year | 42/48 | €1,114,593 | €1,271,962 | +€157,370 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €514,904 | €487,809 | -€27,095 | -5.3% |
| Trade debts | 44 | €248,959 | €466,967 | +€218,008 | +87.6% |
| Suppliers | 440/4 | €248,959 | €466,967 | +€218,008 | +87.6% |
| Advances received on contracts in progress | 46 | €3,715 | €1,301 | -€2,414 | -65.0% |
| Taxes, remuneration and social security | 45 | €325,231 | €300,886 | -€24,345 | -7.5% |
| Taxes | 450/3 | €191,031 | €214,945 | +€23,914 | +12.5% |
| Remuneration and social security | 454/9 | €134,200 | €85,940 | -€48,259 | -36.0% |
| Other amounts payable | 47/48 | €21,784 | €15,000 | -€6,784 | -31.1% |
| Accrued charges and deferred income | 492/3 | €2,418 | €2,142 | -€276 | -11.4% |
| Non-recurring operating income | 76A | €43,294 | €4,700 | -€38,594 | -89.1% |
| Remuneration, social security and pensions | 62 | €1,135,865 | €1,104,881 | -€30,985 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423,450 | €527,595 | +€104,145 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,213 | - | -€1,213 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,870 | -€3,861 | -€5,731 | |
| Other operating charges | 640/8 | €247,893 | €51,408 | -€196,485 | -79.3% |
| Gross operating margin | 9900 | €3,083,749 | €2,269,831 | -€813,918 | -26.4% |
| Operating profit (loss) | 9901 | €1,273,458 | €589,809 | -€683,648 | -53.7% |
| Financial income | 75/76B | €5,839 | €7,962 | +€2,123 | +36.4% |
| Recurring financial income | 75 | €5,839 | €7,962 | +€2,123 | +36.4% |
| Financial charges | 65/66B | €97,908 | €99,975 | +€2,067 | +2.1% |
| Recurring financial charges | 65 | €97,908 | €99,975 | +€2,067 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €1,181,388 | €497,796 | -€683,592 | -57.9% |
| Transfer from deferred taxes | 780 | €8,686 | €6,605 | -€2,081 | -24.0% |
| Transfer to deferred taxes | 680 | €9,775 | - | -€9,775 | |
| Income taxes | 67/77 | €297,569 | €139,621 | -€157,948 | -53.1% |
| Profit (loss) for the period | 9904 | €882,730 | €364,780 | -€517,950 | -58.7% |
| Transfer from tax-exempt reserves | 789 | €26,058 | €19,815 | -€6,243 | -24.0% |
| Transfer to tax-exempt reserves | 689 | €29,325 | - | -€29,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €879,463 | €384,595 | -€494,868 | -56.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.