VERMEULEN OLAF: what changed
VERMEULEN OLAF
Largest movements
- Receivables within one year -€12,985
down €12,985 (-48.3%), from €26,878 to €13,893
of which Other amounts receivable: -€13,255
- Profit (loss) carried forward -€8,426
down €8,426 (-53.1%), from -€15,855 to -€24,281
- Short-term financial debts -€3,074
down €3,074 (-18.9%), from €16,306 to €13,232
- Other debts -€1,203
no longer reported in 2025 (was €1,203)
- Tax, wage and social debts -€837
down €837 (-39.3%), from €2,131 to €1,294
- Trade debts +€555
up €555 (+9.3%), from €5,985 to €6,540
- Gross operating margin -€11,907
down €11,907, from €6,875 to -€5,032
- Financial charges +€1,157
up €1,157 (+56.6%), from €2,046 to €3,203
of which Financial charges: +€1,157
- Taxes -€225
no longer reported in 2025 (was €225)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,903 | €19,918 | -€12,985 | -39.5% |
| Fixed assets | 21/28 | €1,234 | €1,234 | = | 0.0% |
| Financial fixed assets | 28 | €1,234 | €1,234 | = | 0.0% |
| Current assets | 29/58 | €31,668 | €18,683 | -€12,985 | -41.0% |
| Amounts receivable within one year | 40/41 | €26,878 | €13,893 | -€12,985 | -48.3% |
| Trade receivables | 40 | €5,675 | €5,945 | +€270 | +4.8% |
| Other amounts receivable | 41 | €21,204 | €7,948 | -€13,255 | -62.5% |
| Cash at bank and in hand | 54/58 | €4,790 | €4,790 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,903 | €19,918 | -€12,985 | -39.5% |
| Equity | 10/15 | €5,627 | -€2,799 | -€8,426 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,882 | €2,882 | = | 0.0% |
| Distributable reserves | 133 | €2,882 | €2,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,855 | -€24,281 | -€8,426 | -53.1% |
| Amounts payable | 17/49 | €27,275 | €22,716 | -€4,559 | -16.7% |
| Amounts payable after more than one year | 17 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 178/9 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,625 | €21,066 | -€4,559 | -17.8% |
| Financial debts | 43 | €16,306 | €13,232 | -€3,074 | -18.9% |
| Credit institutions | 430/8 | €16,306 | €13,232 | -€3,074 | -18.9% |
| Trade debts | 44 | €5,985 | €6,540 | +€555 | +9.3% |
| Suppliers | 440/4 | €5,985 | €6,540 | +€555 | +9.3% |
| Taxes, remuneration and social security | 45 | €2,131 | €1,294 | -€837 | -39.3% |
| Taxes | 450/3 | €2,131 | €1,294 | -€837 | -39.3% |
| Other amounts payable | 47/48 | €1,203 | - | -€1,203 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Other operating charges | 640/8 | €187 | €191 | +€5 | +2.5% |
| Gross operating margin | 9900 | €6,875 | -€5,032 | -€11,907 | |
| Operating profit (loss) | 9901 | €6,689 | -€5,223 | -€11,912 | |
| Financial charges | 65/66B | €2,046 | €3,203 | +€1,157 | +56.6% |
| Recurring financial charges | 65 | €2,046 | €3,203 | +€1,157 | +56.6% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €4,643 | -€8,426 | -€13,069 | |
| Income taxes | 67/77 | €225 | - | -€225 | |
| Profit (loss) for the period | 9904 | €4,418 | -€8,426 | -€12,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,418 | -€8,426 | -€12,844 |
Next steps
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 3 November 2026 via checked.be.