Vermeersch: what changed
What changed
Vermeersch
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€105
2024 · -€8,861+€8,756
Equity
€8,152
2024 · €8,257-€105
Cash
€889
2024 · €295+€594
Balance sheet total
€190,764
2024 · €31,454+€159,309
Largest movements
Assets
- Tangible fixed assets +€145,616
up €145,616 (+49,026%), from €297 to €145,913
of which Leasing and similar rights: +€119,111
- Receivables within one year +€21,639
up €21,639 (+102%), from €21,166 to €42,804
of which Trade receivables: +€21,133
- Stocks and contracts -€8,674
down €8,674 (-89.5%), from €9,696 to €1,022
Equity and liabilities
- Debts after one year +€112,846
up €112,846 (+14,387%), from €784 to €113,631
- Current portion of long-term debt +€32,773
up €32,773 (+2,476%), from €1,324 to €34,097
- Trade debts +€9,113
up €9,113 (+102%), from €8,900 to €18,013
- Tax, wage and social debts +€2,596
up €2,596, from €0 to €2,596
of which Remuneration and social security: +€1,750
- Other debts +€2,309
up €2,309 (+31.8%), from €7,258 to €9,568
Income statement
- Gross operating margin +€22,232
up €22,232, from -€6,700 to €15,532
- Financial charges +€9,320
up €9,320 (+1,511%), from €617 to €9,937
- Depreciation +€4,031
up €4,031 (+538%), from €749 to €4,780
- Write-downs +€748
new in 2025: €748
- Other operating charges -€574
down €574 (-72.0%), from €797 to €223
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
-€8,861
Gross operating margin
+€22,232
Depreciation
-€4,031
Write-downs
-€748
Other operating charges
+€574
Other operating items
-€44
Financial income
+€93
Financial charges
-€9,320
Result 2025
-€105
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
+€7,044
Investment
-€150,531
Financing
+€144,081
Cash 2024
€295
From operations (derived)
+€7,044
Net result for the year
-€105
Depreciation
+€4,780
Stocks and contracts
+€8,674
Receivables within one year
-€21,639
Trade debts
+€9,113
Tax, wage and social debts
+€2,596
Other debts
+€2,309
Accrued charges and deferred income
+€1,315
Investment (derived)
-€150,531
Investment in fixed assets (net)
-€150,531
Financing
+€144,081
Debts after one year
+€112,846
Current portion of long-term debt
+€32,773
Short-term financial debts
-€1,539
Cash 2025
€889
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,454 | €190,764 | +€159,309 | +506% |
| Fixed assets | 21/28 | €297 | €146,048 | +€145,751 | +49,071% |
| Tangible fixed assets | 22/27 | €297 | €145,913 | +€145,616 | +49,026% |
| Furniture and vehicles | 24 | €297 | €26,802 | +€26,505 | +8,924% |
| Leasing and similar rights | 25 | - | €119,111 | +€119,111 | |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €31,157 | €44,716 | +€13,558 | +43.5% |
| Stocks and contracts in progress | 3 | €9,696 | €1,022 | -€8,674 | -89.5% |
| Stocks | 30/36 | €9,696 | €1,022 | -€8,674 | -89.5% |
| Amounts receivable within one year | 40/41 | €21,166 | €42,804 | +€21,639 | +102% |
| Trade receivables | 40 | €21,093 | €42,225 | +€21,133 | +100% |
| Other amounts receivable | 41 | €73 | €579 | +€506 | +692% |
| Cash at bank and in hand | 54/58 | €295 | €889 | +€594 | +201% |
| Total equity and liabilities | 10/49 | €31,454 | €190,764 | +€159,309 | +506% |
| Equity | 10/15 | €8,257 | €8,152 | -€105 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,057 | €1,952 | -€105 | -5.1% |
| Amounts payable | 17/49 | €23,198 | €182,612 | +€159,414 | +687% |
| Amounts payable after more than one year | 17 | €784 | €113,631 | +€112,846 | +14,387% |
| Financial debts | 170/4 | €784 | €113,631 | +€112,846 | +14,387% |
| Amounts payable within one year | 42/48 | €22,413 | €67,667 | +€45,253 | +202% |
| Current portion of amounts payable after more than one year | 42 | €1,324 | €34,097 | +€32,773 | +2,476% |
| Financial debts | 43 | €4,931 | €3,392 | -€1,539 | -31.2% |
| Credit institutions | 430/8 | €4,931 | €3,392 | -€1,539 | -31.2% |
| Trade debts | 44 | €8,900 | €18,013 | +€9,113 | +102% |
| Suppliers | 440/4 | €8,900 | €18,013 | +€9,113 | +102% |
| Taxes, remuneration and social security | 45 | €0 | €2,596 | +€2,596 | |
| Taxes | 450/3 | €0 | €846 | +€846 | |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €7,258 | €9,568 | +€2,309 | +31.8% |
| Accrued charges and deferred income | 492/3 | - | €1,315 | +€1,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €4,780 | +€4,031 | +538% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €748 | +€748 | |
| Other operating charges | 640/8 | €797 | €223 | -€574 | -72.0% |
| Non-recurring operating charges | 66A | - | €44 | +€44 | |
| Gross operating margin | 9900 | -€6,700 | €15,532 | +€22,232 | |
| Operating profit (loss) | 9901 | -€8,246 | €9,737 | +€17,983 | |
| Financial income | 75/76B | €2 | €95 | +€93 | +4,627% |
| Recurring financial income | 75 | €2 | €95 | +€93 | +4,627% |
| Financial charges | 65/66B | €617 | €9,937 | +€9,320 | +1,511% |
| Recurring financial charges | 65 | €617 | €9,937 | +€9,320 | +1,511% |
| Profit (loss) for the period before taxes | 9903 | -€8,861 | -€105 | +€8,756 | +98.8% |
| Profit (loss) for the period | 9904 | -€8,861 | -€105 | +€8,756 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,861 | -€105 | +€8,756 | +98.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.