Vermiljoen: 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.
Vermiljoen
Largest movements
- Cash +€33,212
up €33,212 (+40.4%), from €82,223 to €115,435
mainly Net result for the year (+€27,574) and Depreciation (+€13,074)
- Tangible fixed assets -€9,501
down €9,501 (-8.6%), from €110,523 to €101,023
of which Land and buildings: -€7,380
- Receivables within one year -€3,552
down €3,552 (-33.2%), from €10,695 to €7,143
of which Trade receivables: -€4,910
- Reserves +€27,500
up €27,500 (+40.5%), from €67,900 to €95,400
of which Distributable reserves: +€27,500
- Other debts -€8,237
down €8,237 (-78.6%), from €10,485 to €2,248
- Accrued charges and deferred income -€4,616
no longer reported in 2025 (was €4,616)
- Tax, wage and social debts +€2,828
up €2,828 (+16.8%), from €16,881 to €19,709
of which Taxes: +€2,008
- Trade debts +€2,610
up €2,610 (+97.4%), from €2,679 to €5,289
- Gross operating margin +€12,581
up €12,581 (+26.5%), from €47,474 to €60,055
- Taxes +€4,382
up €4,382 (+38.5%), from €11,380 to €15,762
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 | €204,747 | €224,906 | +€20,159 | +9.8% |
| Fixed assets | 21/28 | €111,828 | €102,328 | -€9,501 | -8.5% |
| Tangible fixed assets | 22/27 | €110,523 | €101,023 | -€9,501 | -8.6% |
| Land and buildings | 22 | €101,272 | €93,892 | -€7,380 | -7.3% |
| Plant, machinery and equipment | 23 | €1,862 | €1,385 | -€477 | -25.6% |
| Furniture and vehicles | 24 | €7,390 | €5,746 | -€1,644 | -22.2% |
| Financial fixed assets | 28 | €1,305 | €1,305 | = | 0.0% |
| Current assets | 29/58 | €92,919 | €122,579 | +€29,660 | +31.9% |
| Amounts receivable within one year | 40/41 | €10,695 | €7,143 | -€3,552 | -33.2% |
| Trade receivables | 40 | €10,695 | €5,785 | -€4,910 | -45.9% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Cash at bank and in hand | 54/58 | €82,223 | €115,435 | +€33,212 | +40.4% |
| Total equity and liabilities | 10/49 | €204,747 | €224,906 | +€20,159 | +9.8% |
| Equity | 10/15 | €170,087 | €197,661 | +€27,574 | +16.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €67,900 | €95,400 | +€27,500 | +40.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €61,700 | €89,200 | +€27,500 | +44.6% |
| Profit (loss) carried forward | 14 | €40,187 | €40,261 | +€74 | +0.2% |
| Amounts payable | 17/49 | €34,660 | €27,246 | -€7,415 | -21.4% |
| Amounts payable within one year | 42/48 | €30,045 | €27,246 | -€2,799 | -9.3% |
| Trade debts | 44 | €2,679 | €5,289 | +€2,610 | +97.4% |
| Suppliers | 440/4 | €2,679 | €5,289 | +€2,610 | +97.4% |
| Taxes, remuneration and social security | 45 | €16,881 | €19,709 | +€2,828 | +16.8% |
| Taxes | 450/3 | €13,754 | €15,762 | +€2,008 | +14.6% |
| Remuneration and social security | 454/9 | €3,127 | €3,947 | +€820 | +26.2% |
| Other amounts payable | 47/48 | €10,485 | €2,248 | -€8,237 | -78.6% |
| Accrued charges and deferred income | 492/3 | €4,616 | - | -€4,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,778 | €13,074 | +€296 | +2.3% |
| Other operating charges | 640/8 | €3,660 | €3,496 | -€164 | -4.5% |
| Gross operating margin | 9900 | €47,474 | €60,055 | +€12,581 | +26.5% |
| Operating profit (loss) | 9901 | €31,036 | €43,486 | +€12,449 | +40.1% |
| Financial charges | 65/66B | €141 | €149 | +€9 | +6.3% |
| Recurring financial charges | 65 | €141 | €149 | +€9 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €30,896 | €43,336 | +€12,441 | +40.3% |
| Income taxes | 67/77 | €11,380 | €15,762 | +€4,382 | +38.5% |
| Profit (loss) for the period | 9904 | €19,516 | €27,574 | +€8,058 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,516 | €27,574 | +€8,058 | +41.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.