VERMI: what changed
Two fiscal 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.
What changed
VERMI
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,438
2024 · €3,750-€9,188
Equity
€388,134
2024 · €393,572-€5,438
Cash
€9,187
2024 · €4,657+€4,529
Balance sheet total
€562,552
2024 · €461,477+€101,075
Largest movements
Assets
- Tangible fixed assets +€100,557
up €100,557 (+24.5%), from €410,823 to €511,380
of which Land and buildings: +€511,380
Equity and liabilities
- Short-term financial debts +€100,000
new in 2025: €100,000
Income statement
- Financial income -€3,487
down €3,487 (-77.9%), from €4,478 to €991
- Financial charges +€3,381
up €3,381 (+9015.1%), from €38 to €3,418
- Depreciation +€3,307
new in 2025: €3,307
- Gross operating margin +€402
up €402, from -€64 to €339
- Taxes -€39
down €39 (-98.6%), from €39 to €1
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.
Result 2024
€3,750
Gross operating margin
+€402
Depreciation
-€3,307
Other operating charges
-€18
Financial income
-€3,487
Financial charges
-€3,381
Taxes
+€39
Deferred taxes and other
+€563
Result 2025
-€5,438
Cash bridge derived
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.
From operations
+€8,393
Investment
-€103,863
Financing
+€100,000
Cash 2024
€4,657
From operations (derived)
+€8,393
Net result for the year
-€5,438
Depreciation
+€3,307
Receivables within one year
+€4,011
Provisions
-€563
Other debts
+€4,500
Accrued charges and deferred income
+€2,576
Investment (derived)
-€103,863
Investment in fixed assets (net)
-€103,863
Financing
+€100,000
Short-term financial debts
+€100,000
Cash 2025
€9,187
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,477 | €562,552 | +€101,075 | +21.9% |
| Fixed assets | 21/28 | €442,690 | €543,247 | +€100,557 | +22.7% |
| Tangible fixed assets | 22/27 | €410,823 | €511,380 | +€100,557 | +24.5% |
| Land and buildings | 22 | - | €511,380 | +€511,380 | |
| Assets under construction and advance payments | 27 | €410,823 | - | -€410,823 | |
| Financial fixed assets | 28 | €31,867 | €31,867 | = | 0.0% |
| Current assets | 29/58 | €18,787 | €19,305 | +€518 | +2.8% |
| Amounts receivable within one year | 40/41 | €14,129 | €10,118 | -€4,011 | -28.4% |
| Other amounts receivable | 41 | €14,129 | €10,118 | -€4,011 | -28.4% |
| Cash at bank and in hand | 54/58 | €4,657 | €9,187 | +€4,529 | +97.2% |
| Total equity and liabilities | 10/49 | €461,477 | €562,552 | +€101,075 | +21.9% |
| Equity | 10/15 | €393,572 | €388,134 | -€5,438 | -1.4% |
| Contributions | 10/11 | €8,685 | €8,685 | = | 0.0% |
| Reserves | 13 | €374,710 | €373,020 | -€1,690 | -0.5% |
| Tax-exempt reserves | 132 | €202,851 | €201,161 | -€1,690 | -0.8% |
| Distributable reserves | 133 | €171,859 | €171,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,176 | €6,429 | -€3,747 | -36.8% |
| Provisions and deferred taxes | 16 | €67,617 | €67,054 | -€563 | -0.8% |
| Deferred taxes | 168 | €67,617 | €67,054 | -€563 | -0.8% |
| Amounts payable | 17/49 | €288 | €107,364 | +€107,076 | +37125.0% |
| Amounts payable within one year | 42/48 | €288 | €104,788 | +€104,500 | +36231.9% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €250 | €250 | = | 0.0% |
| Suppliers | 440/4 | €250 | €250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €38 | €38 | = | 0.0% |
| Taxes | 450/3 | €38 | €38 | = | 0.0% |
| Other amounts payable | 47/48 | - | €4,500 | +€4,500 | |
| Accrued charges and deferred income | 492/3 | - | €2,576 | +€2,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,307 | +€3,307 | |
| Other operating charges | 640/8 | €587 | €605 | +€18 | +3.0% |
| Gross operating margin | 9900 | -€64 | €339 | +€402 | |
| Operating profit (loss) | 9901 | -€651 | -€3,573 | -€2,922 | -448.9% |
| Financial income | 75/76B | €4,478 | €991 | -€3,487 | -77.9% |
| Recurring financial income | 75 | €4,478 | €991 | -€3,487 | -77.9% |
| Financial charges | 65/66B | €38 | €3,418 | +€3,381 | +9015.1% |
| Recurring financial charges | 65 | €38 | €3,418 | +€3,381 | +9015.1% |
| Profit (loss) for the period before taxes | 9903 | €3,789 | -€6,001 | -€9,790 | |
| Transfer from deferred taxes | 780 | - | €563 | +€563 | |
| Income taxes | 67/77 | €39 | €1 | -€39 | -98.6% |
| Profit (loss) for the period | 9904 | €3,750 | -€5,438 | -€9,188 | |
| Transfer from tax-exempt reserves | 789 | - | €1,690 | +€1,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,750 | -€3,747 | -€7,497 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.