Vermeiren Robbe: what changed
What changed
Vermeiren Robbe
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€9,509
2024 · €9,502+€8
Equity
€82,998
2024 · €73,488+€9,509
Cash
€2,144
2024 · €539+€1,604
Balance sheet total
€202,266
2024 · €155,102+€47,164
Largest movements
Assets
- Tangible fixed assets +€45,457
new in 2025: €45,457
Equity and liabilities
- Debts after one year +€18,409
up €18,409 (+54.9%), from €33,551 to €51,960
- Current portion of long-term debt +€11,827
up €11,827 (+116%), from €10,220 to €22,047
- Reserves +€9,509
up €9,509 (+21.9%), from €43,488 to €52,998
- Trade debts +€6,669
up €6,669 (+143%), from €4,650 to €11,319
- Other debts +€6,517
up €6,517 (+31.8%), from €20,478 to €26,995
Income statement
- Gross operating margin +€8,417
up €8,417 (+48.0%), from €17,546 to €25,963
- Depreciation +€7,543
new in 2025: €7,543
- Financial charges +€918
up €918 (+31.0%), from €2,959 to €3,877
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
€9,502
Gross operating margin
+€8,417
Depreciation
-€7,543
Other operating charges
+€71
Financial charges
-€918
Taxes
-€18
Result 2025
€9,509
raises the resultlowers the result
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
+€24,369
Investment
-€53,000
Financing
+€30,236
Cash 2024
€539
From operations (derived)
+€24,369
Net result for the year
+€9,509
Depreciation
+€7,543
Receivables within one year
-€168
Smaller working-capital items
+€115
Trade debts
+€6,669
Tax, wage and social debts
-€5,816
Other debts
+€6,517
Investment (derived)
-€53,000
Investment in fixed assets (net)
-€53,000
Financing
+€30,236
Debts after one year
+€18,409
Current portion of long-term debt
+€11,827
Cash 2025
€2,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,102 | €202,266 | +€47,164 | +30.4% |
| Fixed assets | 21/28 | €150,000 | €195,457 | +€45,457 | +30.3% |
| Tangible fixed assets | 22/27 | - | €45,457 | +€45,457 | |
| Furniture and vehicles | 24 | - | €45,457 | +€45,457 | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €5,102 | €6,809 | +€1,707 | +33.5% |
| Amounts receivable within one year | 40/41 | €4,498 | €4,666 | +€168 | +3.7% |
| Trade receivables | 40 | €4,498 | €4,666 | +€168 | +3.7% |
| Cash at bank and in hand | 54/58 | €539 | €2,144 | +€1,604 | +298% |
| Deferred charges and accrued income | 490/1 | €65 | €0 | -€65 | -100% |
| Total equity and liabilities | 10/49 | €155,102 | €202,266 | +€47,164 | +30.4% |
| Equity | 10/15 | €73,488 | €82,998 | +€9,509 | +12.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €43,488 | €52,998 | +€9,509 | +21.9% |
| Distributable reserves | 133 | €43,488 | €52,998 | +€9,509 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,614 | €119,268 | +€37,655 | +46.1% |
| Amounts payable after more than one year | 17 | €33,551 | €51,960 | +€18,409 | +54.9% |
| Financial debts | 170/4 | €33,551 | €51,960 | +€18,409 | +54.9% |
| Amounts payable within one year | 42/48 | €46,467 | €65,663 | +€19,196 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €10,220 | €22,047 | +€11,827 | +116% |
| Trade debts | 44 | €4,650 | €11,319 | +€6,669 | +143% |
| Suppliers | 440/4 | €4,650 | €11,319 | +€6,669 | +143% |
| Taxes, remuneration and social security | 45 | €11,119 | €5,303 | -€5,816 | -52.3% |
| Taxes | 450/3 | €11,119 | €5,303 | -€5,816 | -52.3% |
| Other amounts payable | 47/48 | €20,478 | €26,995 | +€6,517 | +31.8% |
| Accrued charges and deferred income | 492/3 | €1,596 | €1,645 | +€50 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,543 | +€7,543 | |
| Other operating charges | 640/8 | €590 | €520 | -€71 | -12.0% |
| Gross operating margin | 9900 | €17,546 | €25,963 | +€8,417 | +48.0% |
| Operating profit (loss) | 9901 | €16,955 | €17,900 | +€945 | +5.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,959 | €3,877 | +€918 | +31.0% |
| Recurring financial charges | 65 | €2,959 | €3,877 | +€918 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €13,997 | €14,023 | +€26 | +0.2% |
| Income taxes | 67/77 | €4,495 | €4,513 | +€18 | +0.4% |
| Profit (loss) for the period | 9904 | €9,502 | €9,509 | +€8 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,502 | €9,509 | +€8 | +0.1% |
Next steps
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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 2 November 2026 via checked.be.