VERMEULEN & LE COMPTE DEVELOPMENTS: 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 & LE COMPTE DEVELOPMENTS
Largest movements
- Receivables within one year +€144,836
up €144,836 (+5.5%), from €2.6m to €2.8m
- Profit (loss) carried forward +€65,778
up €65,778 (+5.9%), from €1.1m to €1.2m
- Tax, wage and social debts +€45,800
up €45,800 (+13.0%), from €352,504 to €398,304
- Other debts +€32,496
up €32,496 (+16.0%), from €203,415 to €235,911
- Financial income -€8,374
down €8,374 (-5.5%), from €153,211 to €144,836
- Taxes +€4,232
up €4,232 (+10.2%), from €41,568 to €45,800
- Other operating charges +€998
new in 2025: €998
- Gross operating margin -€830
down €830 (-124%), from -€668 to -€1,498
- Financial charges +€762
new in 2025: €762
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 | €2,636,617 | €2,781,453 | +€144,836 | +5.5% |
| Current assets | 29/58 | €2,636,617 | €2,781,453 | +€144,836 | +5.5% |
| Amounts receivable within one year | 40/41 | €2,633,950 | €2,778,786 | +€144,836 | +5.5% |
| Other amounts receivable | 41 | €2,633,950 | €2,778,786 | +€144,836 | +5.5% |
| Cash at bank and in hand | 54/58 | €2,668 | €2,668 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,636,617 | €2,781,453 | +€144,836 | +5.5% |
| Equity | 10/15 | €1,877,775 | €1,943,553 | +€65,778 | +3.5% |
| Contributions | 10/11 | €171,000 | €171,000 | = | 0.0% |
| Reserves | 13 | €596,881 | €596,881 | = | 0.0% |
| Tax-exempt reserves | 132 | €596,881 | €596,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,109,894 | €1,175,672 | +€65,778 | +5.9% |
| Provisions and deferred taxes | 16 | €198,960 | €198,960 | = | 0.0% |
| Deferred taxes | 168 | €198,960 | €198,960 | = | 0.0% |
| Amounts payable | 17/49 | €559,882 | €638,940 | +€79,058 | +14.1% |
| Amounts payable within one year | 42/48 | €559,882 | €638,940 | +€79,058 | +14.1% |
| Trade debts | 44 | €3,963 | €4,725 | +€762 | +19.2% |
| Suppliers | 440/4 | €3,963 | €4,725 | +€762 | +19.2% |
| Taxes, remuneration and social security | 45 | €352,504 | €398,304 | +€45,800 | +13.0% |
| Taxes | 450/3 | €352,504 | €398,304 | +€45,800 | +13.0% |
| Other amounts payable | 47/48 | €203,415 | €235,911 | +€32,496 | +16.0% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | -€668 | -€1,498 | -€830 | -124% |
| Operating profit (loss) | 9901 | -€668 | -€32,496 | -€31,829 | -4,768% |
| Financial income | 75/76B | €153,211 | €144,836 | -€8,374 | -5.5% |
| Recurring financial income | 75 | €153,211 | €144,836 | -€8,374 | -5.5% |
| Financial charges | 65/66B | - | €762 | +€762 | |
| Recurring financial charges | 65 | - | €762 | +€762 | |
| Profit (loss) for the period before taxes | 9903 | €152,543 | €111,578 | -€40,965 | -26.9% |
| Income taxes | 67/77 | €41,568 | €45,800 | +€4,232 | +10.2% |
| Profit (loss) for the period | 9904 | €110,975 | €65,778 | -€45,197 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,975 | €65,778 | -€45,197 | -40.7% |
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 16 October 2026 via checked.be.