VERMEERSCH CONSTRUCTIE: 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.
VERMEERSCH CONSTRUCTIE
Largest movements
- Tangible fixed assets -€47,125
down €47,125 (-50.5%), from €93,254 to €46,129
of which Leasing and similar rights: -€33,613
- Receivables within one year -€17,176
down €17,176 (-3.1%), from €554,038 to €536,862
of which Trade receivables: -€102,295
- Cash -€12,808
down €12,808 (-97.4%), from €13,148 to €340
mainly Debts after one year (-€44,702) and Trade debts (-€39,173)
- Debts after one year -€44,702
down €44,702 (-49.1%), from €90,998 to €46,296
- Trade debts -€39,173
down €39,173 (-86.8%), from €45,126 to €5,954
- Other debts +€14,686
up €14,686 (+192%), from €7,654 to €22,340
- Current portion of long-term debt -€8,725
down €8,725 (-16.0%), from €54,399 to €45,674
- Other operating charges +€17,178
up €17,178 (+390%), from €4,400 to €21,578
- Depreciation -€11,577
down €11,577 (-19.7%), from €58,702 to €47,125
- Financial charges -€2,115
down €2,115 (-24.5%), from €8,648 to €6,533
- Taxes -€977
down €977 (-48.6%), from €2,012 to €1,035
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 | €665,071 | €587,875 | -€77,196 | -11.6% |
| Fixed assets | 21/28 | €97,754 | €50,629 | -€47,125 | -48.2% |
| Tangible fixed assets | 22/27 | €93,254 | €46,129 | -€47,125 | -50.5% |
| Land and buildings | 22 | €45,171 | €36,753 | -€8,418 | -18.6% |
| Plant, machinery and equipment | 23 | €292 | - | -€292 | |
| Furniture and vehicles | 24 | €9,721 | €5,811 | -€3,910 | -40.2% |
| Leasing and similar rights | 25 | €33,613 | - | -€33,613 | |
| Other tangible fixed assets | 26 | €4,457 | €3,566 | -€891 | -20.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €567,318 | €537,246 | -€30,071 | -5.3% |
| Amounts receivable within one year | 40/41 | €554,038 | €536,862 | -€17,176 | -3.1% |
| Trade receivables | 40 | €152,494 | €50,199 | -€102,295 | -67.1% |
| Other amounts receivable | 41 | €401,544 | €486,663 | +€85,119 | +21.2% |
| Cash at bank and in hand | 54/58 | €13,148 | €340 | -€12,808 | -97.4% |
| Deferred charges and accrued income | 490/1 | €131 | €44 | -€87 | -66.6% |
| Total equity and liabilities | 10/49 | €665,071 | €587,875 | -€77,196 | -11.6% |
| Equity | 10/15 | €463,723 | €466,565 | +€2,842 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €413,723 | €416,565 | +€2,842 | +0.7% |
| Distributable reserves | 133 | €413,723 | €416,565 | +€2,842 | +0.7% |
| Amounts payable | 17/49 | €201,349 | €121,310 | -€80,038 | -39.8% |
| Amounts payable after more than one year | 17 | €90,998 | €46,296 | -€44,702 | -49.1% |
| Financial debts | 170/4 | €90,998 | €46,296 | -€44,702 | -49.1% |
| Amounts payable within one year | 42/48 | €110,351 | €75,014 | -€35,336 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €54,399 | €45,674 | -€8,725 | -16.0% |
| Trade debts | 44 | €45,126 | €5,954 | -€39,173 | -86.8% |
| Suppliers | 440/4 | €45,126 | €5,954 | -€39,173 | -86.8% |
| Advances received on contracts in progress | 46 | €67 | - | -€67 | |
| Taxes, remuneration and social security | 45 | €3,105 | €1,047 | -€2,059 | -66.3% |
| Taxes | 450/3 | €3,105 | €1,047 | -€2,059 | -66.3% |
| Other amounts payable | 47/48 | €7,654 | €22,340 | +€14,686 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,702 | €47,125 | -€11,577 | -19.7% |
| Other operating charges | 640/8 | €4,400 | €21,578 | +€17,178 | +390% |
| Gross operating margin | 9900 | €79,420 | €79,112 | -€308 | -0.4% |
| Operating profit (loss) | 9901 | €16,319 | €10,409 | -€5,909 | -36.2% |
| Financial charges | 65/66B | €8,648 | €6,533 | -€2,115 | -24.5% |
| Recurring financial charges | 65 | €8,648 | €6,533 | -€2,115 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €7,671 | €3,876 | -€3,794 | -49.5% |
| Income taxes | 67/77 | €2,012 | €1,035 | -€977 | -48.6% |
| Profit (loss) for the period | 9904 | €5,659 | €2,842 | -€2,817 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,659 | €2,842 | -€2,817 | -49.8% |
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 15 October 2026 via checked.be.