Vermondt: 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.
What changed
Vermondt
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,931
2024 · €27,808+€20,123
Equity
€48,382
2024 · €452+€47,931
Cash
€82,450
2024 · €138,925-€56,476
Balance sheet total
€215,190
2024 · €293,266-€78,076
Largest movements
Assets
- Cash -€56,476
down €56,476 (-40.7%), from €138,925 to €82,450
mainly Debts after one year (-€123,300) and Investment in fixed assets (net) (-€5,734)
- Tangible fixed assets -€21,675
down €21,675 (-14.7%), from €147,227 to €125,552
Equity and liabilities
- Debts after one year -€123,300
down €123,300 (-45.0%), from €274,000 to €150,700
- Reserves +€24,382
new in 2025: €24,382
- Profit (loss) carried forward +€23,548
up €23,548, from -€23,548 to €0
Income statement
- Staff costs -€16,603
down €16,603 (-29.8%), from €55,690 to €39,087
- Gross operating margin +€4,961
up €4,961 (+4.3%), from €114,774 to €119,735
- Taxes +€2,438
new in 2025: €2,438
- Depreciation -€1,220
down €1,220 (-4.1%), from €29,710 to €28,490
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.
Result 2024
€27,808
Gross operating margin
+€4,961
Staff costs
+€16,603
Depreciation
+€1,220
Other operating charges
-€53
Financial income
+€173
Financial charges
-€343
Taxes
-€2,438
Result 2025
€47,931
raises the resultlowers the result
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.
From operations
+€72,558
Investment
-€5,734
Financing
-€123,300
Cash 2024
€138,925
From operations (derived)
+€72,558
Net result for the year
+€47,931
Depreciation
+€28,490
Stocks and contracts
-€690
Receivables within one year
-€1,166
Deferred charges and accrued income
+€699
Trade debts
-€1,736
Tax, wage and social debts
+€348
Advances received
-€1,060
Smaller working-capital items
-€258
Investment (derived)
-€5,734
Investment in fixed assets (net)
-€5,734
Financing
-€123,300
Debts after one year
-€123,300
Cash 2025
€82,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,266 | €215,190 | -€78,076 | -26.6% |
| Formation expenses | 20 | €561 | €0 | -€561 | -100% |
| Fixed assets | 21/28 | €147,747 | €125,552 | -€22,195 | -15.0% |
| Intangible fixed assets | 21 | €520 | €0 | -€520 | -100% |
| Tangible fixed assets | 22/27 | €147,227 | €125,552 | -€21,675 | -14.7% |
| Plant, machinery and equipment | 23 | €57,030 | €48,398 | -€8,631 | -15.1% |
| Furniture and vehicles | 24 | €14,359 | €11,842 | -€2,517 | -17.5% |
| Other tangible fixed assets | 26 | €75,838 | €65,312 | -€10,526 | -13.9% |
| Current assets | 29/58 | €144,957 | €89,638 | -€55,319 | -38.2% |
| Stocks and contracts in progress | 3 | €2,621 | €3,311 | +€690 | +26.3% |
| Stocks | 30/36 | €2,621 | €3,311 | +€690 | +26.3% |
| Amounts receivable within one year | 40/41 | €1,452 | €2,618 | +€1,166 | +80.3% |
| Trade receivables | 40 | €588 | €695 | +€108 | +18.3% |
| Other amounts receivable | 41 | €864 | €1,922 | +€1,058 | +122% |
| Cash at bank and in hand | 54/58 | €138,925 | €82,450 | -€56,476 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,958 | €1,259 | -€699 | -35.7% |
| Total equity and liabilities | 10/49 | €293,266 | €215,190 | -€78,076 | -26.6% |
| Equity | 10/15 | €452 | €48,382 | +€47,931 | +10,612% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | - | €24,382 | +€24,382 | |
| Distributable reserves | 133 | - | €24,382 | +€24,382 | |
| Profit (loss) carried forward | 14 | -€23,548 | €0 | +€23,548 | |
| Amounts payable | 17/49 | €292,814 | €166,808 | -€126,006 | -43.0% |
| Amounts payable after more than one year | 17 | €274,000 | €150,700 | -€123,300 | -45.0% |
| Other amounts payable | 178/9 | €274,000 | €150,700 | -€123,300 | -45.0% |
| Amounts payable within one year | 42/48 | €18,715 | €16,079 | -€2,636 | -14.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,277 | €2,540 | -€1,736 | -40.6% |
| Suppliers | 440/4 | €4,277 | €2,540 | -€1,736 | -40.6% |
| Advances received on contracts in progress | 46 | €1,650 | €590 | -€1,060 | -64.2% |
| Taxes, remuneration and social security | 45 | €8,676 | €9,024 | +€348 | +4.0% |
| Taxes | 450/3 | €2,411 | €4,513 | +€2,101 | +87.1% |
| Remuneration and social security | 454/9 | €6,265 | €4,512 | -€1,754 | -28.0% |
| Other amounts payable | 47/48 | €4,112 | €3,925 | -€187 | -4.5% |
| Accrued charges and deferred income | 492/3 | €99 | €29 | -€71 | -71.2% |
| Remuneration, social security and pensions | 62 | €55,690 | €39,087 | -€16,603 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,710 | €28,490 | -€1,220 | -4.1% |
| Other operating charges | 640/8 | €1,775 | €1,828 | +€53 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €114,774 | €119,735 | +€4,961 | +4.3% |
| Operating profit (loss) | 9901 | €27,599 | €50,330 | +€22,731 | +82.4% |
| Financial income | 75/76B | €1,100 | €1,273 | +€173 | +15.7% |
| Recurring financial income | 75 | €1,100 | €1,273 | +€173 | +15.7% |
| Financial charges | 65/66B | €891 | €1,234 | +€343 | +38.5% |
| Recurring financial charges | 65 | €891 | €1,234 | +€343 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €27,808 | €50,369 | +€22,561 | +81.1% |
| Income taxes | 67/77 | - | €2,438 | +€2,438 | |
| Profit (loss) for the period | 9904 | €27,808 | €47,931 | +€20,123 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,808 | €47,931 | +€20,123 | +72.4% |
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 24 October 2026 via checked.be.