VERMOERE CEDRIC: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VERMOERE CEDRIC
Largest movements
- Cash +€37,497
up €37,497 (+22.2%), from €168,544 to €206,042
mainly Net result for the year (+€50,601) and Depreciation (+€33,415)
- Tangible fixed assets -€32,009
down €32,009 (-23.5%), from €135,961 to €103,953
of which Furniture and vehicles: -€17,623
- Receivables within one year -€26,012
down €26,012 (-39.8%), from €65,432 to €39,419
of which Other amounts receivable: -€13,387
- Stocks and contracts +€7,315
up €7,315 (+74.8%), from €9,780 to €17,095
- Debts after one year -€22,411
down €22,411 (-51.0%), from €43,927 to €21,516
- Other debts +€15,900
up €15,900 (+87.1%), from €18,256 to €34,156
- Reserves -€12,349
down €12,349 (-5.1%), from €243,807 to €231,458
- Tax, wage and social debts +€4,902
up €4,902 (+209%), from €2,350 to €7,251
- Gross operating margin +€26,817
up €26,817 (+34.9%), from €76,937 to €103,754
- Depreciation -€9,591
down €9,591 (-22.3%), from €43,005 to €33,415
- Taxes +€8,088
up €8,088 (+91.6%), from €8,829 to €16,917
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,169 | €371,819 | -€15,350 | -4.0% |
| Fixed assets | 21/28 | €136,171 | €104,162 | -€32,009 | -23.5% |
| Tangible fixed assets | 22/27 | €135,961 | €103,953 | -€32,009 | -23.5% |
| Land and buildings | 22 | €79,979 | €73,788 | -€6,191 | -7.7% |
| Plant, machinery and equipment | 23 | €9,227 | €2,756 | -€6,471 | -70.1% |
| Furniture and vehicles | 24 | €39,019 | €21,396 | -€17,623 | -45.2% |
| Other tangible fixed assets | 26 | €7,737 | €6,013 | -€1,724 | -22.3% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €250,998 | €267,657 | +€16,658 | +6.6% |
| Stocks and contracts in progress | 3 | €9,780 | €17,095 | +€7,315 | +74.8% |
| Stocks | 30/36 | €9,780 | €17,095 | +€7,315 | +74.8% |
| Amounts receivable within one year | 40/41 | €65,432 | €39,419 | -€26,012 | -39.8% |
| Trade receivables | 40 | €47,228 | €34,602 | -€12,626 | -26.7% |
| Other amounts receivable | 41 | €18,204 | €4,817 | -€13,387 | -73.5% |
| Cash at bank and in hand | 54/58 | €168,544 | €206,042 | +€37,497 | +22.2% |
| Deferred charges and accrued income | 490/1 | €7,242 | €5,100 | -€2,142 | -29.6% |
| Total equity and liabilities | 10/49 | €387,169 | €371,819 | -€15,350 | -4.0% |
| Equity | 10/15 | €250,007 | €237,658 | -€12,349 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,807 | €231,458 | -€12,349 | -5.1% |
| Distributable reserves | 133 | €243,807 | €231,458 | -€12,349 | -5.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €137,163 | €134,161 | -€3,001 | -2.2% |
| Amounts payable after more than one year | 17 | €43,927 | €21,516 | -€22,411 | -51.0% |
| Financial debts | 170/4 | €43,927 | €21,516 | -€22,411 | -51.0% |
| Amounts payable within one year | 42/48 | €93,236 | €112,645 | +€19,409 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,228 | €22,411 | +€183 | +0.8% |
| Trade debts | 44 | €50,402 | €48,827 | -€1,575 | -3.1% |
| Suppliers | 440/4 | €50,402 | €48,827 | -€1,575 | -3.1% |
| Taxes, remuneration and social security | 45 | €2,350 | €7,251 | +€4,902 | +209% |
| Taxes | 450/3 | €2,350 | €7,251 | +€4,902 | +209% |
| Other amounts payable | 47/48 | €18,256 | €34,156 | +€15,900 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,005 | €33,415 | -€9,591 | -22.3% |
| Other operating charges | 640/8 | €1,861 | €1,956 | +€95 | +5.1% |
| Gross operating margin | 9900 | €76,937 | €103,754 | +€26,817 | +34.9% |
| Operating profit (loss) | 9901 | €32,071 | €68,383 | +€36,312 | +113% |
| Financial income | 75/76B | €22 | €39 | +€16 | +72.9% |
| Recurring financial income | 75 | €22 | €39 | +€16 | +72.9% |
| Financial charges | 65/66B | €898 | €904 | +€6 | +0.6% |
| Recurring financial charges | 65 | €898 | €904 | +€6 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €31,195 | €67,518 | +€36,323 | +116% |
| Income taxes | 67/77 | €8,829 | €16,917 | +€8,088 | +91.6% |
| Profit (loss) for the period | 9904 | €22,366 | €50,601 | +€28,235 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €22,366 | €50,601 | +€28,235 | +126% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.