VERMOTE: 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.
VERMOTE
Largest movements
- Cash +€16,711
up €16,711 (+259.8%), from €6,432 to €23,144
mainly Net result for the year (+€25,944) and Depreciation (+€4,262)
- Receivables within one year +€8,715
up €8,715 (+37.1%), from €23,506 to €32,220
of which Other amounts receivable: +€8,775
- Tangible fixed assets -€4,262
down €4,262 (-49.2%), from €8,662 to €4,400
- Current investments -€2,825
down €2,825 (-3.1%), from €89,721 to €86,897
- Reserves +€25,944
up €25,944 (+13.8%), from €187,477 to €213,421
- Tax, wage and social debts -€8,354
down €8,354 (-77.5%), from €10,780 to €2,426
- Gross operating margin -€13,034
down €13,034 (-25.7%), from €50,653 to €37,619
- Taxes -€3,624
down €3,624 (-22.9%), from €15,824 to €12,200
- Financial income +€2,226
up €2,226 (+60.7%), from €3,666 to €5,892
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 | €221,329 | €239,689 | +€18,360 | +8.3% |
| Fixed assets | 21/28 | €8,662 | €4,400 | -€4,262 | -49.2% |
| Tangible fixed assets | 22/27 | €8,662 | €4,400 | -€4,262 | -49.2% |
| Furniture and vehicles | 24 | €8,662 | €4,400 | -€4,262 | -49.2% |
| Current assets | 29/58 | €212,667 | €235,290 | +€22,622 | +10.6% |
| Amounts receivable after more than one year | 29 | €89,449 | €89,449 | = | 0.0% |
| Other amounts receivable | 291 | €89,449 | €89,449 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,506 | €32,220 | +€8,715 | +37.1% |
| Trade receivables | 40 | €7,131 | €7,071 | -€60 | -0.8% |
| Other amounts receivable | 41 | €16,375 | €25,149 | +€8,775 | +53.6% |
| Current investments | 50/53 | €89,721 | €86,897 | -€2,825 | -3.1% |
| Cash at bank and in hand | 54/58 | €6,432 | €23,144 | +€16,711 | +259.8% |
| Deferred charges and accrued income | 490/1 | €3,559 | €3,580 | +€21 | +0.6% |
| Total equity and liabilities | 10/49 | €221,329 | €239,689 | +€18,360 | +8.3% |
| Equity | 10/15 | €206,069 | €232,013 | +€25,944 | +12.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,477 | €213,421 | +€25,944 | +13.8% |
| Distributable reserves | 133 | €187,477 | €213,421 | +€25,944 | +13.8% |
| Amounts payable | 17/49 | €15,261 | €7,677 | -€7,584 | -49.7% |
| Amounts payable within one year | 42/48 | €15,261 | €7,677 | -€7,584 | -49.7% |
| Financial debts | 43 | €4,057 | €4,037 | -€20 | -0.5% |
| Credit institutions | 430/8 | €4,057 | €4,037 | -€20 | -0.5% |
| Trade debts | 44 | €423 | €1,214 | +€790 | +186.7% |
| Suppliers | 440/4 | €423 | €1,214 | +€790 | +186.7% |
| Taxes, remuneration and social security | 45 | €10,780 | €2,426 | -€8,354 | -77.5% |
| Taxes | 450/3 | €10,780 | €2,426 | -€8,354 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,262 | €4,262 | = | 0.0% |
| Other operating charges | 640/8 | €709 | €710 | +€2 | +0.2% |
| Gross operating margin | 9900 | €50,653 | €37,619 | -€13,034 | -25.7% |
| Operating profit (loss) | 9901 | €45,682 | €32,646 | -€13,036 | -28.5% |
| Financial income | 75/76B | €3,666 | €5,892 | +€2,226 | +60.7% |
| Recurring financial income | 75 | €3,666 | €5,892 | +€2,226 | +60.7% |
| Financial charges | 65/66B | €284 | €394 | +€110 | +38.8% |
| Recurring financial charges | 65 | €284 | €394 | +€110 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €49,064 | €38,144 | -€10,920 | -22.3% |
| Income taxes | 67/77 | €15,824 | €12,200 | -€3,624 | -22.9% |
| Profit (loss) for the period | 9904 | €33,240 | €25,944 | -€7,296 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,240 | €25,944 | -€7,296 | -21.9% |
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 9 October 2026 via checked.be.