Vermeiren Engineering: 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.
Vermeiren Engineering
Largest movements
- Current investments +€119,433
up €119,433 (+27.1%), from €440,026 to €559,459
- Tangible fixed assets -€15,847
down €15,847 (-24.9%), from €63,592 to €47,745
of which Furniture and vehicles: -€14,284
- Reserves +€100,891
up €100,891 (+19.6%), from €514,762 to €615,653
- Gross operating margin -€49,564
down €49,564 (-27.4%), from €180,907 to €131,344
- Financial income +€21,970
up €21,970 (+387%), from €5,672 to €27,641
- Taxes -€17,556
down €17,556 (-33.5%), from €52,391 to €34,835
- Depreciation +€7,057
up €7,057 (+80.3%), from €8,790 to €15,847
- Financial charges +€6,058
up €6,058, from -€1,018 to €5,040
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 | €560,255 | €663,054 | +€102,799 | +18.3% |
| Fixed assets | 21/28 | €63,592 | €47,745 | -€15,847 | -24.9% |
| Tangible fixed assets | 22/27 | €63,592 | €47,745 | -€15,847 | -24.9% |
| Plant, machinery and equipment | 23 | €4,087 | €2,815 | -€1,273 | -31.1% |
| Furniture and vehicles | 24 | €59,214 | €44,930 | -€14,284 | -24.1% |
| Other tangible fixed assets | 26 | €290 | €0 | -€290 | -100% |
| Current assets | 29/58 | €496,663 | €615,309 | +€118,646 | +23.9% |
| Amounts receivable within one year | 40/41 | €15,730 | €15,730 | = | 0.0% |
| Trade receivables | 40 | €15,730 | €15,730 | = | 0.0% |
| Current investments | 50/53 | €440,026 | €559,459 | +€119,433 | +27.1% |
| Cash at bank and in hand | 54/58 | €38,887 | €38,414 | -€473 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,020 | €1,706 | -€314 | -15.6% |
| Total equity and liabilities | 10/49 | €560,255 | €663,054 | +€102,799 | +18.3% |
| Equity | 10/15 | €522,213 | €623,104 | +€100,891 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €514,762 | €615,653 | +€100,891 | +19.6% |
| Distributable reserves | 133 | €514,762 | €615,653 | +€100,891 | +19.6% |
| Profit (loss) carried forward | 14 | €1,251 | €1,251 | = | 0.0% |
| Amounts payable | 17/49 | €38,042 | €39,950 | +€1,908 | +5.0% |
| Amounts payable within one year | 42/48 | €37,502 | €39,740 | +€2,238 | +6.0% |
| Trade debts | 44 | €992 | €1,338 | +€346 | +34.9% |
| Suppliers | 440/4 | €992 | €1,338 | +€346 | +34.9% |
| Taxes, remuneration and social security | 45 | €32,450 | €30,011 | -€2,439 | -7.5% |
| Taxes | 450/3 | €32,450 | €30,011 | -€2,439 | -7.5% |
| Other amounts payable | 47/48 | €4,061 | €8,390 | +€4,330 | +107% |
| Accrued charges and deferred income | 492/3 | €539 | €210 | -€330 | -61.1% |
| Non-recurring operating income | 76A | €25,620 | €0 | -€25,620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,790 | €15,847 | +€7,057 | +80.3% |
| Other operating charges | 640/8 | €588 | €771 | +€183 | +31.2% |
| Gross operating margin | 9900 | €180,907 | €131,344 | -€49,564 | -27.4% |
| Operating profit (loss) | 9901 | €171,529 | €114,725 | -€56,804 | -33.1% |
| Financial income | 75/76B | €5,672 | €27,641 | +€21,970 | +387% |
| Recurring financial income | 75 | €5,672 | €27,641 | +€21,970 | +387% |
| Financial charges | 65/66B | -€1,018 | €5,040 | +€6,058 | |
| Recurring financial charges | 65 | -€1,018 | €5,040 | +€6,058 | |
| Profit (loss) for the period before taxes | 9903 | €178,219 | €137,326 | -€40,893 | -22.9% |
| Income taxes | 67/77 | €52,391 | €34,835 | -€17,556 | -33.5% |
| Profit (loss) for the period | 9904 | €125,828 | €102,491 | -€23,337 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €125,828 | €102,491 | -€23,337 | -18.5% |
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 23 October 2026 via checked.be.