VERMOET: 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.
VERMOET
Largest movements
- Stocks and contracts -€27,370
down €27,370 (-94.9%), from €28,842 to €1,472
- Cash +€10,706
up €10,706 (+20.4%), from €52,603 to €63,309
mainly Stocks and contracts (+€27,370) and Depreciation (+€8,192)
- Receivables within one year +€7,155
up €7,155 (+9.3%), from €76,659 to €83,814
of which Other amounts receivable: +€8,125
- Tangible fixed assets -€6,082
down €6,082 (-1.7%), from €358,479 to €352,397
of which Land and buildings: -€7,880
- Reserves -€9,026
down €9,026 (-1.9%), from €466,759 to €457,733
of which Distributable reserves: -€9,026
- Gross operating margin +€32,388
up €32,388, from -€18,046 to €14,343
- Other operating charges +€3,865
up €3,865 (+70.7%), from €5,466 to €9,332
- Staff costs -€1,406
down €1,406 (-13.0%), from €10,777 to €9,372
- Financial income -€950
down €950 (-20.0%), from €4,761 to €3,811
- Depreciation +€349
up €349 (+4.5%), from €7,843 to €8,192
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 | €535,722 | €518,455 | -€17,267 | -3.2% |
| Fixed assets | 21/28 | €370,329 | €364,247 | -€6,082 | -1.6% |
| Tangible fixed assets | 22/27 | €358,479 | €352,397 | -€6,082 | -1.7% |
| Land and buildings | 22 | €358,078 | €350,198 | -€7,880 | -2.2% |
| Furniture and vehicles | 24 | €401 | €2,199 | +€1,797 | +447.9% |
| Financial fixed assets | 28 | €11,850 | €11,850 | = | 0.0% |
| Current assets | 29/58 | €165,393 | €154,208 | -€11,185 | -6.8% |
| Stocks and contracts in progress | 3 | €28,842 | €1,472 | -€27,370 | -94.9% |
| Stocks | 30/36 | €28,842 | €1,472 | -€27,370 | -94.9% |
| Amounts receivable within one year | 40/41 | €76,659 | €83,814 | +€7,155 | +9.3% |
| Trade receivables | 40 | €4,167 | €3,197 | -€970 | -23.3% |
| Other amounts receivable | 41 | €72,493 | €80,617 | +€8,125 | +11.2% |
| Cash at bank and in hand | 54/58 | €52,603 | €63,309 | +€10,706 | +20.4% |
| Deferred charges and accrued income | 490/1 | €7,289 | €5,613 | -€1,676 | -23.0% |
| Total equity and liabilities | 10/49 | €535,722 | €518,455 | -€17,267 | -3.2% |
| Equity | 10/15 | €485,351 | €476,325 | -€9,026 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €466,759 | €457,733 | -€9,026 | -1.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €461,925 | €452,899 | -€9,026 | -2.0% |
| Amounts payable | 17/49 | €50,371 | €42,130 | -€8,241 | -16.4% |
| Amounts payable within one year | 42/48 | €50,371 | €42,130 | -€8,241 | -16.4% |
| Trade debts | 44 | €12,198 | €8,443 | -€3,755 | -30.8% |
| Suppliers | 440/4 | €12,198 | €8,443 | -€3,755 | -30.8% |
| Taxes, remuneration and social security | 45 | €38,174 | €33,688 | -€4,486 | -11.8% |
| Taxes | 450/3 | €1,527 | €1,400 | -€127 | -8.3% |
| Remuneration and social security | 454/9 | €36,646 | €32,288 | -€4,359 | -11.9% |
| Remuneration, social security and pensions | 62 | €10,777 | €9,372 | -€1,406 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €8,192 | +€349 | +4.5% |
| Other operating charges | 640/8 | €5,466 | €9,332 | +€3,865 | +70.7% |
| Gross operating margin | 9900 | -€18,046 | €14,343 | +€32,388 | |
| Operating profit (loss) | 9901 | -€42,132 | -€12,552 | +€29,580 | +70.2% |
| Financial income | 75/76B | €4,761 | €3,811 | -€950 | -20.0% |
| Recurring financial income | 75 | €4,761 | €3,811 | -€950 | -20.0% |
| Financial charges | 65/66B | €114 | €173 | +€58 | +50.9% |
| Recurring financial charges | 65 | €114 | €173 | +€58 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,486 | -€8,914 | +€28,572 | +76.2% |
| Income taxes | 67/77 | €408 | €113 | -€296 | -72.4% |
| Profit (loss) for the period | 9904 | -€37,894 | -€9,026 | +€28,867 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,894 | -€9,026 | +€28,867 | +76.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.