Vermira: 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.
Vermira
Largest movements
- Cash +€48,096
up €48,096 (+103.3%), from €46,563 to €94,659
mainly Net result for the year (+€38,160) and Depreciation (+€6,366)
- Tangible fixed assets -€6,366
down €6,366 (-1.2%), from €515,282 to €508,916
- Reserves +€38,160
up €38,160 (+7.2%), from €526,653 to €564,813
of which Distributable reserves: +€42,641
- Gross operating margin +€770
up €770 (+1.1%), from €72,814 to €73,584
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,845 | €603,575 | +€36,731 | +6.5% |
| Fixed assets | 21/28 | €515,282 | €508,916 | -€6,366 | -1.2% |
| Tangible fixed assets | 22/27 | €515,282 | €508,916 | -€6,366 | -1.2% |
| Land and buildings | 22 | €515,282 | €508,916 | -€6,366 | -1.2% |
| Current assets | 29/58 | €51,563 | €94,659 | +€43,096 | +83.6% |
| Cash at bank and in hand | 54/58 | €46,563 | €94,659 | +€48,096 | +103.3% |
| Deferred charges and accrued income | 490/1 | €5,000 | €0 | -€5,000 | -100.0% |
| Total equity and liabilities | 10/49 | €566,845 | €603,575 | +€36,731 | +6.5% |
| Equity | 10/15 | €562,318 | €600,478 | +€38,160 | +6.8% |
| Contributions | 10/11 | €35,665 | €35,665 | = | 0.0% |
| Reserves | 13 | €526,653 | €564,813 | +€38,160 | +7.2% |
| Tax-exempt reserves | 132 | €8,180 | €3,699 | -€4,481 | -54.8% |
| Distributable reserves | 133 | €518,473 | €561,114 | +€42,641 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €2,727 | €1,233 | -€1,494 | -54.8% |
| Deferred taxes | 168 | €2,727 | €1,233 | -€1,494 | -54.8% |
| Amounts payable | 17/49 | €1,800 | €1,865 | +€65 | +3.6% |
| Amounts payable within one year | 42/48 | €1,800 | €1,865 | +€65 | +3.6% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Taxes, remuneration and social security | 45 | €827 | €1,865 | +€1,038 | +125.4% |
| Taxes | 450/3 | €827 | €1,865 | +€1,038 | +125.4% |
| Other amounts payable | 47/48 | €847 | €0 | -€847 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,366 | €6,366 | = | 0.0% |
| Other operating charges | 640/8 | €15,669 | €16,158 | +€490 | +3.1% |
| Gross operating margin | 9900 | €72,814 | €73,584 | +€770 | +1.1% |
| Operating profit (loss) | 9901 | €50,779 | €51,060 | +€281 | +0.6% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €50,629 | €50,880 | +€251 | +0.5% |
| Transfer from deferred taxes | 780 | €1,494 | €1,494 | = | 0.0% |
| Income taxes | 67/77 | €14,151 | €14,214 | +€63 | +0.4% |
| Profit (loss) for the period | 9904 | €37,972 | €38,160 | +€188 | +0.5% |
| Transfer from tax-exempt reserves | 789 | €4,481 | €4,481 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,453 | €42,641 | +€188 | +0.4% |
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 11 October 2026 via checked.be.