Vermap: 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.
Vermap
Largest movements
- Cash -€22,284
down €22,284 (-47.1%), from €47,336 to €25,052
mainly Net result for the year (-€14,046) and Tax, wage and social debts (-€8,031)
- Tangible fixed assets -€6,509
down €6,509 (-17.8%), from €36,466 to €29,958
of which Leasing and similar rights: -€6,433
- Intangible fixed assets -€3,070
down €3,070 (-25.0%), from €12,280 to €9,210
- Profit (loss) carried forward -€13,433
new in 2025: -€13,433
- Tax, wage and social debts -€8,031
down €8,031 (-49.4%), from €16,244 to €8,214
of which Remuneration and social security: -€6,193
- Debts after one year -€6,218
down €6,218 (-26.0%), from €23,909 to €17,691
- Other debts -€4,112
down €4,112 (-56.9%), from €7,227 to €3,115
- Staff costs +€7,089
up €7,089 (+32.0%), from €22,171 to €29,260
- Depreciation +€4,430
up €4,430 (+64.5%), from €6,869 to €11,299
- Gross operating margin +€1,840
up €1,840 (+6.3%), from €29,041 to €30,881
- Financial charges +€816
up €816 (+33.7%), from €2,422 to €3,238
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 | €100,746 | €68,961 | -€31,785 | -31.5% |
| Fixed assets | 21/28 | €49,446 | €39,868 | -€9,579 | -19.4% |
| Intangible fixed assets | 21 | €12,280 | €9,210 | -€3,070 | -25.0% |
| Tangible fixed assets | 22/27 | €36,466 | €29,958 | -€6,509 | -17.8% |
| Plant, machinery and equipment | 23 | €1,370 | €736 | -€635 | -46.3% |
| Furniture and vehicles | 24 | €260 | - | -€260 | |
| Leasing and similar rights | 25 | €30,180 | €23,747 | -€6,433 | -21.3% |
| Other tangible fixed assets | 26 | €4,655 | €5,475 | +€820 | +17.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €51,300 | €29,093 | -€22,207 | -43.3% |
| Amounts receivable within one year | 40/41 | €1,466 | €1,907 | +€441 | +30.1% |
| Trade receivables | 40 | €1,420 | €1,861 | +€441 | +31.1% |
| Other amounts receivable | 41 | €46 | €46 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,336 | €25,052 | -€22,284 | -47.1% |
| Deferred charges and accrued income | 490/1 | €2,498 | €2,134 | -€364 | -14.6% |
| Total equity and liabilities | 10/49 | €100,746 | €68,961 | -€31,785 | -31.5% |
| Equity | 10/15 | €39,913 | €25,867 | -€14,046 | -35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,313 | €20,700 | -€612 | -2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,453 | €18,840 | -€612 | -3.1% |
| Profit (loss) carried forward | 14 | - | -€13,433 | -€13,433 | |
| Amounts payable | 17/49 | €60,834 | €43,094 | -€17,739 | -29.2% |
| Amounts payable after more than one year | 17 | €23,909 | €17,691 | -€6,218 | -26.0% |
| Financial debts | 170/4 | €23,909 | €17,691 | -€6,218 | -26.0% |
| Amounts payable within one year | 42/48 | €36,780 | €24,537 | -€12,243 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €6,245 | €6,218 | -€28 | -0.4% |
| Trade debts | 44 | €7,062 | €6,991 | -€72 | -1.0% |
| Suppliers | 440/4 | €7,062 | €6,991 | -€72 | -1.0% |
| Taxes, remuneration and social security | 45 | €16,244 | €8,214 | -€8,031 | -49.4% |
| Taxes | 450/3 | €6,944 | €5,105 | -€1,838 | -26.5% |
| Remuneration and social security | 454/9 | €9,301 | €3,108 | -€6,193 | -66.6% |
| Other amounts payable | 47/48 | €7,227 | €3,115 | -€4,112 | -56.9% |
| Accrued charges and deferred income | 492/3 | €145 | €866 | +€721 | +495.7% |
| Remuneration, social security and pensions | 62 | €22,171 | €29,260 | +€7,089 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,869 | €11,299 | +€4,430 | +64.5% |
| Other operating charges | 640/8 | €944 | €1,130 | +€186 | +19.7% |
| Gross operating margin | 9900 | €29,041 | €30,881 | +€1,840 | +6.3% |
| Operating profit (loss) | 9901 | -€943 | -€10,808 | -€9,865 | -1046.7% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €2,422 | €3,238 | +€816 | +33.7% |
| Recurring financial charges | 65 | €2,422 | €3,238 | +€816 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,348 | -€14,046 | -€10,698 | -319.5% |
| Profit (loss) for the period | 9904 | -€3,348 | -€14,046 | -€10,698 | -319.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,348 | -€14,046 | -€10,698 | -319.5% |
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 11 October 2026 via checked.be.