VERMINVEST: 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.
VERMINVEST
Largest movements
- Tangible fixed assets -€54,614
down €54,614 (-7.4%), from €741,009 to €686,395
of which Land and buildings: -€41,295
- Debts after one year -€46,636
down €46,636 (-9.0%), from €518,100 to €471,464
- Profit (loss) carried forward -€8,507
down €8,507 (-6.3%), from -€135,323 to -€143,830
- Trade debts -€8,356
down €8,356 (-96.5%), from €8,657 to €301
- Gross operating margin +€17,647
up €17,647 (+27.7%), from €63,744 to €81,391
- Depreciation +€10,885
up €10,885 (+24.9%), from €43,730 to €54,614
- Financial charges +€1,648
up €1,648 (+8.0%), from €20,626 to €22,274
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 | €757,839 | €705,014 | -€52,825 | -7.0% |
| Fixed assets | 21/28 | €741,009 | €686,395 | -€54,614 | -7.4% |
| Tangible fixed assets | 22/27 | €741,009 | €686,395 | -€54,614 | -7.4% |
| Land and buildings | 22 | €642,887 | €601,592 | -€41,295 | -6.4% |
| Furniture and vehicles | 24 | €1,601 | €915 | -€686 | -42.9% |
| Other tangible fixed assets | 26 | €96,521 | €83,888 | -€12,633 | -13.1% |
| Current assets | 29/58 | €16,829 | €18,619 | +€1,789 | +10.6% |
| Amounts receivable within one year | 40/41 | €9,152 | €9,326 | +€174 | +1.9% |
| Other amounts receivable | 41 | €9,152 | €9,326 | +€174 | +1.9% |
| Cash at bank and in hand | 54/58 | €2,521 | €7,645 | +€5,124 | +203% |
| Deferred charges and accrued income | 490/1 | €5,157 | €1,647 | -€3,509 | -68.1% |
| Total equity and liabilities | 10/49 | €757,839 | €705,014 | -€52,825 | -7.0% |
| Equity | 10/15 | €61,237 | €52,730 | -€8,507 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,960 | €177,960 | = | 0.0% |
| Distributable reserves | 133 | €177,960 | €177,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,323 | -€143,830 | -€8,507 | -6.3% |
| Amounts payable | 17/49 | €696,602 | €652,284 | -€44,318 | -6.4% |
| Amounts payable after more than one year | 17 | €518,100 | €471,464 | -€46,636 | -9.0% |
| Financial debts | 170/4 | €518,100 | €471,464 | -€46,636 | -9.0% |
| Amounts payable within one year | 42/48 | €178,501 | €178,699 | +€197 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €43,283 | €45,682 | +€2,399 | +5.5% |
| Trade debts | 44 | €8,657 | €301 | -€8,356 | -96.5% |
| Suppliers | 440/4 | €8,657 | €301 | -€8,356 | -96.5% |
| Other amounts payable | 47/48 | €126,562 | €132,716 | +€6,154 | +4.9% |
| Accrued charges and deferred income | 492/3 | - | €2,121 | +€2,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,730 | €54,614 | +€10,885 | +24.9% |
| Other operating charges | 640/8 | €12,962 | €13,010 | +€47 | +0.4% |
| Gross operating margin | 9900 | €63,744 | €81,391 | +€17,647 | +27.7% |
| Operating profit (loss) | 9901 | €7,052 | €13,767 | +€6,715 | +95.2% |
| Financial income | 75/76B | €467 | - | -€467 | |
| Recurring financial income | 75 | €467 | - | -€467 | |
| Financial charges | 65/66B | €20,626 | €22,274 | +€1,648 | +8.0% |
| Recurring financial charges | 65 | €20,626 | €22,274 | +€1,648 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,107 | -€8,507 | +€4,601 | +35.1% |
| Profit (loss) for the period | 9904 | -€13,107 | -€8,507 | +€4,601 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,107 | -€8,507 | +€4,601 | +35.1% |
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 24 October 2026 via checked.be.