VERMEULEN CONTROLSYSTEMS: 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.
VERMEULEN CONTROLSYSTEMS
Largest movements
- Tangible fixed assets +€28,037
up €28,037 (+24.4%), from €114,987 to €143,024
of which Furniture and vehicles: +€42,107
- Stocks and contracts +€16,128
up €16,128 (+112%), from €14,414 to €30,543
of which Stocks: +€14,942
- Cash +€14,172
up €14,172 (+72.6%), from €19,519 to €33,692
mainly Debts after one year (+€30,458) and Depreciation (+€15,474)
- Receivables within one year +€9,240
up €9,240 (+25.0%), from €36,989 to €46,229
of which Other amounts receivable: +€9,582
- Debts after one year +€30,458
up €30,458 (+194%), from €15,669 to €46,126
- Reserves +€15,468
up €15,468 (+18.4%), from €84,159 to €99,626
- Tax, wage and social debts +€14,757
up €14,757 (+624%), from €2,365 to €17,122
of which Remuneration and social security: +€7,815
- Current portion of long-term debt +€8,172
up €8,172 (+169%), from €4,821 to €12,993
- Other debts -€6,342
down €6,342 (-15.9%), from €39,817 to €33,475
- Gross operating margin +€72,593
up €72,593 (+255%), from €28,459 to €101,052
- Staff costs +€54,597
new in 2025: €54,597
- Other operating charges +€5,441
up €5,441 (+481%), from €1,131 to €6,573
- Taxes +€4,867
up €4,867 (+148%), from €3,282 to €8,149
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 | €186,992 | €254,608 | +€67,616 | +36.2% |
| Fixed assets | 21/28 | €114,987 | €143,024 | +€28,037 | +24.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €114,987 | €143,024 | +€28,037 | +24.4% |
| Land and buildings | 22 | €112,560 | €98,490 | -€14,070 | -12.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,427 | €44,534 | +€42,107 | +1,735% |
| Current assets | 29/58 | €72,005 | €111,584 | +€39,579 | +55.0% |
| Stocks and contracts in progress | 3 | €14,414 | €30,543 | +€16,128 | +112% |
| Stocks | 30/36 | €7,700 | €22,642 | +€14,942 | +194% |
| Contracts in progress | 37 | €6,714 | €7,900 | +€1,186 | +17.7% |
| Amounts receivable within one year | 40/41 | €36,989 | €46,229 | +€9,240 | +25.0% |
| Trade receivables | 40 | €30,990 | €30,649 | -€341 | -1.1% |
| Other amounts receivable | 41 | €5,998 | €15,580 | +€9,582 | +160% |
| Cash at bank and in hand | 54/58 | €19,519 | €33,692 | +€14,172 | +72.6% |
| Deferred charges and accrued income | 490/1 | €1,083 | €1,121 | +€38 | +3.5% |
| Total equity and liabilities | 10/49 | €186,992 | €254,608 | +€67,616 | +36.2% |
| Equity | 10/15 | €102,759 | €118,226 | +€15,468 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,159 | €99,626 | +€15,468 | +18.4% |
| Distributable reserves | 133 | €84,159 | €99,626 | +€15,468 | +18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,233 | €136,382 | +€52,148 | +61.9% |
| Amounts payable after more than one year | 17 | €15,669 | €46,126 | +€30,458 | +194% |
| Financial debts | 170/4 | €15,669 | €46,126 | +€30,458 | +194% |
| Amounts payable within one year | 42/48 | €68,565 | €90,255 | +€21,691 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €4,821 | €12,993 | +€8,172 | +169% |
| Trade debts | 44 | €21,561 | €26,665 | +€5,104 | +23.7% |
| Suppliers | 440/4 | €21,561 | €26,665 | +€5,104 | +23.7% |
| Taxes, remuneration and social security | 45 | €2,365 | €17,122 | +€14,757 | +624% |
| Taxes | 450/3 | €1,165 | €8,107 | +€6,941 | +596% |
| Remuneration and social security | 454/9 | €1,200 | €9,015 | +€7,815 | +651% |
| Other amounts payable | 47/48 | €39,817 | €33,475 | -€6,342 | -15.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €54,597 | +€54,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,248 | €15,474 | +€226 | +1.5% |
| Other operating charges | 640/8 | €1,131 | €6,573 | +€5,441 | +481% |
| Gross operating margin | 9900 | €28,459 | €101,052 | +€72,593 | +255% |
| Operating profit (loss) | 9901 | €12,080 | €24,408 | +€12,328 | +102% |
| Financial income | 75/76B | €2,820 | €2,790 | -€30 | -1.0% |
| Recurring financial income | 75 | €2,820 | €2,790 | -€30 | -1.0% |
| Financial charges | 65/66B | €3,184 | €3,582 | +€398 | +12.5% |
| Recurring financial charges | 65 | €3,184 | €3,582 | +€398 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €11,716 | €23,617 | +€11,900 | +102% |
| Income taxes | 67/77 | €3,282 | €8,149 | +€4,867 | +148% |
| Profit (loss) for the period | 9904 | €8,434 | €15,468 | +€7,034 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,434 | €15,468 | +€7,034 | +83.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.