VermiServe: 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.
VermiServe
Largest movements
- Cash +€66,279
up €66,279 (+157.6%), from €42,051 to €108,330
mainly Net result for the year (+€117,815) and Tax, wage and social debts (+€93,390)
- Receivables within one year +€49,015
up €49,015 (+41.1%), from €119,304 to €168,319
of which Trade receivables: +€33,375
- Stocks and contracts +€28,348
up €28,348 (+131.2%), from €21,602 to €49,950
- Tangible fixed assets +€20,953
up €20,953 (+36.6%), from €57,249 to €78,202
of which Leasing and similar rights: +€13,292
- Deferred charges and accrued income +€13,915
up €13,915 (+106.3%), from €13,088 to €27,003
- Reserves +€117,815
up €117,815 (+2714.1%), from €4,341 to €122,156
- Tax, wage and social debts +€93,390
up €93,390 (+141.9%), from €65,818 to €159,208
of which Taxes: +€52,212
- Trade debts -€19,223
down €19,223 (-87.1%), from €22,065 to €2,841
- Profit (loss) carried forward -€19,014
down €19,014 (-17.3%), from €109,739 to €90,725
- Debts after one year +€10,254
up €10,254 (+54.3%), from €18,869 to €29,122
- Gross operating margin +€230,142
up €230,142 (+72.1%), from €319,196 to €549,339
- Staff costs +€157,395
up €157,395 (+98.6%), from €159,558 to €316,954
- Taxes +€30,004
up €30,004 (+83.8%), from €35,815 to €65,819
- Financial charges +€18,272
up €18,272 (+429.6%), from €4,253 to €22,525
- Depreciation +€13,369
up €13,369 (+114.7%), from €11,657 to €25,026
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 | €253,296 | €431,805 | +€178,510 | +70.5% |
| Fixed assets | 21/28 | €57,250 | €78,203 | +€20,953 | +36.6% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -19.7% |
| Tangible fixed assets | 22/27 | €57,249 | €78,202 | +€20,953 | +36.6% |
| Plant, machinery and equipment | 23 | €78 | €0 | -€78 | -100.0% |
| Furniture and vehicles | 24 | €28,368 | €36,107 | +€7,739 | +27.3% |
| Leasing and similar rights | 25 | €28,803 | €42,096 | +€13,292 | +46.1% |
| Current assets | 29/58 | €196,046 | €353,603 | +€157,556 | +80.4% |
| Stocks and contracts in progress | 3 | €21,602 | €49,950 | +€28,348 | +131.2% |
| Stocks | 30/36 | €21,602 | €49,950 | +€28,348 | +131.2% |
| Amounts receivable within one year | 40/41 | €119,304 | €168,319 | +€49,015 | +41.1% |
| Trade receivables | 40 | €118,530 | €151,905 | +€33,375 | +28.2% |
| Other amounts receivable | 41 | €774 | €16,414 | +€15,640 | +2019.5% |
| Cash at bank and in hand | 54/58 | €42,051 | €108,330 | +€66,279 | +157.6% |
| Deferred charges and accrued income | 490/1 | €13,088 | €27,003 | +€13,915 | +106.3% |
| Total equity and liabilities | 10/49 | €253,296 | €431,805 | +€178,510 | +70.5% |
| Equity | 10/15 | €129,080 | €227,881 | +€98,801 | +76.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €4,341 | €122,156 | +€117,815 | +2714.1% |
| Distributable reserves | 133 | €4,341 | €122,156 | +€117,815 | +2714.1% |
| Profit (loss) carried forward | 14 | €109,739 | €90,725 | -€19,014 | -17.3% |
| Amounts payable | 17/49 | €124,216 | €203,925 | +€79,709 | +64.2% |
| Amounts payable after more than one year | 17 | €18,869 | €29,122 | +€10,254 | +54.3% |
| Financial debts | 170/4 | €18,869 | €29,122 | +€10,254 | +54.3% |
| Amounts payable within one year | 42/48 | €97,943 | €173,067 | +€75,124 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €6,398 | €11,018 | +€4,619 | +72.2% |
| Trade debts | 44 | €22,065 | €2,841 | -€19,223 | -87.1% |
| Suppliers | 440/4 | €22,065 | €2,841 | -€19,223 | -87.1% |
| Taxes, remuneration and social security | 45 | €65,818 | €159,208 | +€93,390 | +141.9% |
| Taxes | 450/3 | €46,489 | €98,702 | +€52,212 | +112.3% |
| Remuneration and social security | 454/9 | €19,329 | €60,507 | +€41,178 | +213.0% |
| Other amounts payable | 47/48 | €3,662 | €0 | -€3,662 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7,404 | €1,735 | -€5,669 | -76.6% |
| Remuneration, social security and pensions | 62 | €159,558 | €316,954 | +€157,395 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,657 | €25,026 | +€13,369 | +114.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €375 | €0 | -€375 | -100.0% |
| Other operating charges | 640/8 | €638 | €6,318 | +€5,680 | +889.9% |
| Non-recurring operating charges | 66A | €10,171 | €0 | -€10,171 | -100.0% |
| Gross operating margin | 9900 | €319,196 | €549,339 | +€230,142 | +72.1% |
| Operating profit (loss) | 9901 | €136,797 | €201,041 | +€64,244 | +47.0% |
| Financial income | 75/76B | €3 | €5,119 | +€5,116 | +161894.3% |
| Recurring financial income | 75 | €3 | €5,119 | +€5,116 | +161894.3% |
| Financial charges | 65/66B | €4,253 | €22,525 | +€18,272 | +429.6% |
| Recurring financial charges | 65 | €4,253 | €22,525 | +€18,272 | +429.6% |
| Profit (loss) for the period before taxes | 9903 | €132,547 | €183,634 | +€51,088 | +38.5% |
| Income taxes | 67/77 | €35,815 | €65,819 | +€30,004 | +83.8% |
| Profit (loss) for the period | 9904 | €96,732 | €117,815 | +€21,084 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,732 | €117,815 | +€21,084 | +21.8% |
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 5 October 2026 via checked.be.