VERMOBIL: 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.
VERMOBIL
Largest movements
- Current investments -€160,000
down €160,000 (-100%), from €160,000 to €0
- Cash +€132,273
up €132,273 (+857%), from €15,440 to €147,713
mainly Current investments (+€160,000) and Depreciation (+€6,821)
- Tangible fixed assets -€6,821
down €6,821 (-16.1%), from €42,392 to €35,571
of which Plant, machinery and equipment: -€6,821
- Profit (loss) carried forward -€21,704
down €21,704 (-47.8%), from -€45,368 to -€67,071
- Trade debts -€13,270
down €13,270 (-96.6%), from €13,733 to €463
- Other operating charges -€9,975
down €9,975 (-49.8%), from €20,016 to €10,041
- Gross operating margin +€3,274
up €3,274 (+34.8%), from -€9,399 to -€6,125
- Financial income +€1,875
up €1,875 (+2,343,975%), from €0 to €1,875
- Depreciation -€643
down €643 (-8.6%), from €7,463 to €6,821
- Taxes +€563
new in 2025: €563
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 | €218,766 | €184,191 | -€34,574 | -15.8% |
| Fixed assets | 21/28 | €42,392 | €35,571 | -€6,821 | -16.1% |
| Tangible fixed assets | 22/27 | €42,392 | €35,571 | -€6,821 | -16.1% |
| Land and buildings | 22 | €15,369 | €15,369 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,022 | €20,202 | -€6,821 | -25.2% |
| Current assets | 29/58 | €176,374 | €148,620 | -€27,754 | -15.7% |
| Amounts receivable within one year | 40/41 | €34 | €0 | -€34 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €34 | €0 | -€34 | -100% |
| Current investments | 50/53 | €160,000 | €0 | -€160,000 | -100% |
| Cash at bank and in hand | 54/58 | €15,440 | €147,713 | +€132,273 | +857% |
| Deferred charges and accrued income | 490/1 | €900 | €907 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €218,766 | €184,191 | -€34,574 | -15.8% |
| Equity | 10/15 | €205,032 | €183,329 | -€21,704 | -10.6% |
| Contributions | 10/11 | €250,400 | €250,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,368 | -€67,071 | -€21,704 | -47.8% |
| Amounts payable | 17/49 | €13,733 | €863 | -€12,871 | -93.7% |
| Amounts payable within one year | 42/48 | €13,733 | €463 | -€13,270 | -96.6% |
| Trade debts | 44 | €13,733 | €463 | -€13,270 | -96.6% |
| Suppliers | 440/4 | €13,733 | €463 | -€13,270 | -96.6% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,463 | €6,821 | -€643 | -8.6% |
| Other operating charges | 640/8 | €20,016 | €10,041 | -€9,975 | -49.8% |
| Gross operating margin | 9900 | -€9,399 | -€6,125 | +€3,274 | +34.8% |
| Operating profit (loss) | 9901 | -€36,878 | -€22,986 | +€13,892 | +37.7% |
| Financial income | 75/76B | €0 | €1,875 | +€1,875 | +2,343,975% |
| Recurring financial income | 75 | €0 | €1,875 | +€1,875 | +2,343,975% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,906 | -€21,141 | +€15,765 | +42.7% |
| Income taxes | 67/77 | - | €563 | +€563 | |
| Profit (loss) for the period | 9904 | -€36,906 | -€21,704 | +€15,203 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,906 | -€21,704 | +€15,203 | +41.2% |
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 16 October 2026 via checked.be.