Vermo management: 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.
Vermo management
Largest movements
- Receivables within one year +€25,228
up €25,228 (+123%), from €20,547 to €45,775
of which Other amounts receivable: +€23,839
- Tangible fixed assets -€765
down €765 (-37.7%), from €2,030 to €1,264
of which Land and buildings: -€2,030
- Reserves +€41,403
new in 2025: €41,403
- Profit (loss) carried forward -€18,496
down €18,496 (-100%), from €18,496 to €0
- Tax, wage and social debts +€2,426
up €2,426 (+32.8%), from €7,396 to €9,822
of which Remuneration and social security: +€2,009
- Contributions -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Trade debts +€852
up €852 (+398%), from €214 to €1,066
- Gross operating margin +€7,933
up €7,933 (+31.3%), from €25,320 to €33,253
- Financial charges +€4,682
up €4,682 (+9,929%), from €47 to €4,729
- Financial income +€895
up €895 (+231%), from €387 to €1,282
- Taxes -€510
down €510 (-8.0%), from €6,344 to €5,834
- Depreciation +€499
up €499 (+187%), from €266 to €765
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 | €31,106 | €55,292 | +€24,185 | +77.8% |
| Fixed assets | 21/28 | €2,030 | €1,264 | -€765 | -37.7% |
| Tangible fixed assets | 22/27 | €2,030 | €1,264 | -€765 | -37.7% |
| Land and buildings | 22 | €2,030 | €0 | -€2,030 | -100% |
| Other tangible fixed assets | 26 | - | €1,264 | +€1,264 | |
| Current assets | 29/58 | €29,077 | €54,027 | +€24,951 | +85.8% |
| Amounts receivable within one year | 40/41 | €20,547 | €45,775 | +€25,228 | +123% |
| Trade receivables | 40 | €6,612 | €8,000 | +€1,388 | +21.0% |
| Other amounts receivable | 41 | €13,936 | €37,775 | +€23,839 | +171% |
| Cash at bank and in hand | 54/58 | €8,399 | €8,035 | -€363 | -4.3% |
| Deferred charges and accrued income | 490/1 | €131 | €217 | +€86 | +65.8% |
| Total equity and liabilities | 10/49 | €31,106 | €55,292 | +€24,185 | +77.8% |
| Equity | 10/15 | €23,496 | €44,403 | +€20,907 | +89.0% |
| Contributions | 10/11 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Reserves | 13 | - | €41,403 | +€41,403 | |
| Distributable reserves | 133 | - | €41,403 | +€41,403 | |
| Profit (loss) carried forward | 14 | €18,496 | €0 | -€18,496 | -100% |
| Amounts payable | 17/49 | €7,610 | €10,888 | +€3,278 | +43.1% |
| Amounts payable within one year | 42/48 | €7,610 | €10,888 | +€3,278 | +43.1% |
| Trade debts | 44 | €214 | €1,066 | +€852 | +398% |
| Suppliers | 440/4 | €214 | €1,066 | +€852 | +398% |
| Taxes, remuneration and social security | 45 | €7,396 | €9,822 | +€2,426 | +32.8% |
| Taxes | 450/3 | €7,396 | €7,813 | +€417 | +5.6% |
| Remuneration and social security | 454/9 | - | €2,009 | +€2,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €765 | +€499 | +187% |
| Other operating charges | 640/8 | €554 | €300 | -€254 | -45.9% |
| Gross operating margin | 9900 | €25,320 | €33,253 | +€7,933 | +31.3% |
| Operating profit (loss) | 9901 | €24,500 | €32,188 | +€7,688 | +31.4% |
| Financial income | 75/76B | €387 | €1,282 | +€895 | +231% |
| Recurring financial income | 75 | €387 | €1,282 | +€895 | +231% |
| Financial charges | 65/66B | €47 | €4,729 | +€4,682 | +9,929% |
| Recurring financial charges | 65 | €47 | €4,729 | +€4,682 | +9,929% |
| Profit (loss) for the period before taxes | 9903 | €24,840 | €28,741 | +€3,901 | +15.7% |
| Income taxes | 67/77 | €6,344 | €5,834 | -€510 | -8.0% |
| Profit (loss) for the period | 9904 | €18,496 | €22,907 | +€4,411 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,496 | €22,907 | +€4,411 | +23.9% |
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 31 October 2026 via checked.be.