VERMOL: 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.
VERMOL
Largest movements
- Receivables within one year +€8,344
up €8,344 (+117.1%), from €7,127 to €15,470
of which Other amounts receivable: +€8,020
- Stocks and contracts -€1,494
down €1,494 (-66.4%), from €2,251 to €757
- Short-term financial debts +€10,239
up €10,239 (+618.9%), from €1,654 to €11,894
- Trade debts -€4,331
down €4,331 (-87.2%), from €4,967 to €635
- Profit (loss) carried forward +€1,249
up €1,249 (+4.0%), from -€31,312 to -€30,064
- Gross operating margin -€5,370
down €5,370 (-57.1%), from €9,397 to €4,027
- Depreciation -€589
down €589 (-55.6%), from €1,060 to €471
- Financial charges -€195
down €195 (-14.1%), from €1,379 to €1,184
- Financial income +€141
up €141 (+82.7%), from €171 to €312
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 | €10,646 | €17,837 | +€7,191 | +67.5% |
| Fixed assets | 21/28 | €650 | €816 | +€166 | +25.5% |
| Tangible fixed assets | 22/27 | €650 | €816 | +€166 | +25.5% |
| Plant, machinery and equipment | 23 | €137 | €27 | -€110 | -80.3% |
| Furniture and vehicles | 24 | €513 | €789 | +€276 | +53.8% |
| Current assets | 29/58 | €9,996 | €17,021 | +€7,025 | +70.3% |
| Stocks and contracts in progress | 3 | €2,251 | €757 | -€1,494 | -66.4% |
| Stocks | 30/36 | €2,251 | €757 | -€1,494 | -66.4% |
| Amounts receivable within one year | 40/41 | €7,127 | €15,470 | +€8,344 | +117.1% |
| Trade receivables | 40 | €1,482 | €1,805 | +€323 | +21.8% |
| Other amounts receivable | 41 | €5,645 | €13,665 | +€8,020 | +142.1% |
| Cash at bank and in hand | 54/58 | €171 | €171 | +€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | €448 | €623 | +€176 | +39.2% |
| Total equity and liabilities | 10/49 | €10,646 | €17,837 | +€7,191 | +67.5% |
| Equity | 10/15 | -€12,762 | -€11,514 | +€1,249 | +9.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,312 | -€30,064 | +€1,249 | +4.0% |
| Amounts payable | 17/49 | €23,409 | €29,351 | +€5,942 | +25.4% |
| Amounts payable within one year | 42/48 | €23,409 | €29,351 | +€5,942 | +25.4% |
| Financial debts | 43 | €1,654 | €11,894 | +€10,239 | +618.9% |
| Credit institutions | 430/8 | €1,654 | €11,894 | +€10,239 | +618.9% |
| Trade debts | 44 | €4,967 | €635 | -€4,331 | -87.2% |
| Suppliers | 440/4 | €4,967 | €635 | -€4,331 | -87.2% |
| Taxes, remuneration and social security | 45 | €457 | €491 | +€35 | +7.6% |
| Taxes | 450/3 | €457 | €491 | +€35 | +7.6% |
| Other amounts payable | 47/48 | €16,331 | €16,331 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €471 | -€589 | -55.6% |
| Other operating charges | 640/8 | €1,168 | €1,200 | +€32 | +2.8% |
| Gross operating margin | 9900 | €9,397 | €4,027 | -€5,370 | -57.1% |
| Operating profit (loss) | 9901 | €7,170 | €2,357 | -€4,813 | -67.1% |
| Financial income | 75/76B | €171 | €312 | +€141 | +82.7% |
| Recurring financial income | 75 | €171 | €312 | +€141 | +82.7% |
| Financial charges | 65/66B | €1,379 | €1,184 | -€195 | -14.1% |
| Recurring financial charges | 65 | €1,379 | €1,184 | -€195 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €5,962 | €1,485 | -€4,477 | -75.1% |
| Income taxes | 67/77 | €232 | €236 | +€4 | +1.7% |
| Profit (loss) for the period | 9904 | €5,729 | €1,249 | -€4,481 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,729 | €1,249 | -€4,481 | -78.2% |
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 30 September 2026 via checked.be.