Vermirent: 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.
Vermirent
Largest movements
- Tangible fixed assets -€124,820
down €124,820 (-10.2%), from €1.2m to €1.1m
- Cash -€61,916
down €61,916 (-42.9%), from €144,340 to €82,424
mainly Debts after one year (-€73,860) and Net result for the year (-€56,154)
- Receivables within one year +€28,478
up €28,478 (+87.1%), from €32,679 to €61,157
of which Other amounts receivable: +€41,029
- Debts after one year -€73,860
down €73,860 (-22.0%), from €335,944 to €262,083
- Reserves -€56,154
down €56,154 (-4.9%), from €1.1m to €1.1m
of which Distributable reserves: -€41,852
- Trade debts -€26,723
down €26,723 (-74.4%), from €35,927 to €9,204
- Advances received +€16,944
up €16,944 (+1475.2%), from €1,149 to €18,093
- Depreciation +€52,110
up €52,110 (+71.7%), from €72,710 to €124,820
- Gross operating margin +€34,068
up €34,068 (+51.7%), from €65,957 to €100,025
- Financial charges +€11,091
up €11,091 (+189.6%), from €5,850 to €16,941
- Other operating charges -€4,881
down €4,881 (-18.4%), from €26,559 to €21,678
- Financial income +€1,861
up €1,861 (+293.6%), from €634 to €2,494
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 | €1,651,972 | €1,493,590 | -€158,382 | -9.6% |
| Fixed assets | 21/28 | €1,256,247 | €1,131,427 | -€124,820 | -9.9% |
| Tangible fixed assets | 22/27 | €1,227,247 | €1,102,427 | -€124,820 | -10.2% |
| Land and buildings | 22 | €810,876 | €782,114 | -€28,762 | -3.5% |
| Plant, machinery and equipment | 23 | €116,594 | €84,104 | -€32,490 | -27.9% |
| Furniture and vehicles | 24 | €73,217 | €55,729 | -€17,489 | -23.9% |
| Leasing and similar rights | 25 | €226,560 | €180,480 | -€46,080 | -20.3% |
| Financial fixed assets | 28 | €29,000 | €29,000 | = | 0.0% |
| Current assets | 29/58 | €395,725 | €362,163 | -€33,561 | -8.5% |
| Amounts receivable after more than one year | 29 | €198,619 | €208,745 | +€10,126 | +5.1% |
| Other amounts receivable | 291 | €198,619 | €208,745 | +€10,126 | +5.1% |
| Amounts receivable within one year | 40/41 | €32,679 | €61,157 | +€28,478 | +87.1% |
| Trade receivables | 40 | €22,091 | €9,540 | -€12,551 | -56.8% |
| Other amounts receivable | 41 | €10,588 | €51,617 | +€41,029 | +387.5% |
| Cash at bank and in hand | 54/58 | €144,340 | €82,424 | -€61,916 | -42.9% |
| Deferred charges and accrued income | 490/1 | €20,087 | €9,837 | -€10,250 | -51.0% |
| Total equity and liabilities | 10/49 | €1,651,972 | €1,493,590 | -€158,382 | -9.6% |
| Equity | 10/15 | €1,171,362 | €1,115,209 | -€56,154 | -4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,146,362 | €1,090,209 | -€56,154 | -4.9% |
| Tax-exempt reserves | 132 | €271,619 | €257,318 | -€14,301 | -5.3% |
| Distributable reserves | 133 | €874,743 | €832,891 | -€41,852 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €17,434 | €12,667 | -€4,767 | -27.3% |
| Deferred taxes | 168 | €17,434 | €12,667 | -€4,767 | -27.3% |
| Amounts payable | 17/49 | €463,176 | €365,715 | -€97,461 | -21.0% |
| Amounts payable after more than one year | 17 | €335,944 | €262,083 | -€73,860 | -22.0% |
| Financial debts | 170/4 | €335,944 | €262,083 | -€73,860 | -22.0% |
| Amounts payable within one year | 42/48 | €124,896 | €103,631 | -€21,264 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €76,704 | €73,860 | -€2,844 | -3.7% |
| Trade debts | 44 | €35,927 | €9,204 | -€26,723 | -74.4% |
| Suppliers | 440/4 | €35,927 | €9,204 | -€26,723 | -74.4% |
| Advances received on contracts in progress | 46 | €1,149 | €18,093 | +€16,944 | +1475.2% |
| Taxes, remuneration and social security | 45 | €7,473 | €2,475 | -€4,998 | -66.9% |
| Taxes | 450/3 | €7,473 | €2,475 | -€4,998 | -66.9% |
| Other amounts payable | 47/48 | €3,643 | €0 | -€3,643 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,336 | €0 | -€2,336 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,710 | €124,820 | +€52,110 | +71.7% |
| Other operating charges | 640/8 | €26,559 | €21,678 | -€4,881 | -18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,957 | €100,025 | +€34,068 | +51.7% |
| Operating profit (loss) | 9901 | -€33,313 | -€46,474 | -€13,161 | -39.5% |
| Financial income | 75/76B | €634 | €2,494 | +€1,861 | +293.6% |
| Recurring financial income | 75 | €634 | €2,494 | +€1,861 | +293.6% |
| Financial charges | 65/66B | €5,850 | €16,941 | +€11,091 | +189.6% |
| Recurring financial charges | 65 | €5,850 | €16,941 | +€11,091 | +189.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,529 | -€60,921 | -€22,392 | -58.1% |
| Transfer from deferred taxes | 780 | €4,767 | €4,767 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€33,762 | -€56,154 | -€22,392 | -66.3% |
| Transfer from tax-exempt reserves | 789 | €14,301 | €14,301 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,461 | -€41,852 | -€22,392 | -115.1% |
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 4 October 2026 via checked.be.