VermPar: 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.
VermPar
Largest movements
- Cash +€322,775
up €322,775 (+82.3%), from €392,015 to €714,790
mainly Net result for the year (+€324,330) and Trade debts (+€198,265)
- Tangible fixed assets -€193,797
down €193,797 (-7.0%), from €2.8m to €2.6m
of which Land and buildings: -€192,480
- Receivables within one year -€64,070
down €64,070 (-20.5%), from €312,686 to €248,616
of which Other amounts receivable: -€68,505
- Debts after one year -€542,619
down €542,619 (-65.4%), from €830,000 to €287,381
- Reserves +€324,330
up €324,330 (+17.4%), from €1.9m to €2.2m
of which Distributable reserves: +€355,292
- Trade debts +€198,265
up €198,265 (+1408.2%), from €14,079 to €212,345
of which Bills of exchange payable: +€200,000
- Other debts +€183,953
up €183,953 (+28.1%), from €654,300 to €838,253
- Current portion of long-term debt -€73,699
down €73,699 (-51.1%), from €144,226 to €70,527
- Gross operating margin -€86,057
down €86,057 (-10.2%), from €840,505 to €754,448
- Depreciation -€24,625
down €24,625 (-11.3%), from €218,422 to €193,797
- Financial charges -€20,841
down €20,841 (-18.7%), from €111,440 to €90,599
- Taxes -€12,503
down €12,503 (-7.5%), from €165,803 to €153,300
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 | €3,997,562 | €4,063,003 | +€65,441 | +1.6% |
| Fixed assets | 21/28 | €3,291,724 | €3,097,927 | -€193,797 | -5.9% |
| Tangible fixed assets | 22/27 | €2,754,474 | €2,560,677 | -€193,797 | -7.0% |
| Land and buildings | 22 | €2,747,101 | €2,554,621 | -€192,480 | -7.0% |
| Plant, machinery and equipment | 23 | €7,373 | €6,056 | -€1,317 | -17.9% |
| Financial fixed assets | 28 | €537,250 | €537,250 | = | 0.0% |
| Current assets | 29/58 | €705,838 | €965,076 | +€259,238 | +36.7% |
| Amounts receivable within one year | 40/41 | €312,686 | €248,616 | -€64,070 | -20.5% |
| Trade receivables | 40 | €19,464 | €23,899 | +€4,435 | +22.8% |
| Other amounts receivable | 41 | €293,222 | €224,717 | -€68,505 | -23.4% |
| Cash at bank and in hand | 54/58 | €392,015 | €714,790 | +€322,775 | +82.3% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,670 | +€533 | +46.9% |
| Total equity and liabilities | 10/49 | €3,997,562 | €4,063,003 | +€65,441 | +1.6% |
| Equity | 10/15 | €2,292,933 | €2,617,263 | +€324,330 | +14.1% |
| Contributions | 10/11 | €419,850 | €419,850 | = | 0.0% |
| Reserves | 13 | €1,865,552 | €2,189,882 | +€324,330 | +17.4% |
| Non-distributable reserves | 130/1 | €30,962 | - | -€30,962 | |
| Reserves not available under the articles | 1311 | €30,962 | - | -€30,962 | |
| Distributable reserves | 133 | €1,834,590 | €2,189,882 | +€355,292 | +19.4% |
| Profit (loss) carried forward | 14 | €7,531 | €7,531 | = | 0.0% |
| Amounts payable | 17/49 | €1,704,629 | €1,445,740 | -€258,889 | -15.2% |
| Amounts payable after more than one year | 17 | €830,000 | €287,381 | -€542,619 | -65.4% |
| Financial debts | 170/4 | €830,000 | €287,381 | -€542,619 | -65.4% |
| Amounts payable within one year | 42/48 | €871,413 | €1,158,359 | +€286,946 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €144,226 | €70,527 | -€73,699 | -51.1% |
| Trade debts | 44 | €14,079 | €212,345 | +€198,265 | +1408.2% |
| Suppliers | 440/4 | €14,079 | €12,345 | -€1,735 | -12.3% |
| Bills of exchange payable | 441 | - | €200,000 | +€200,000 | |
| Taxes, remuneration and social security | 45 | €58,808 | €37,234 | -€21,574 | -36.7% |
| Taxes | 450/3 | €58,808 | €37,234 | -€21,574 | -36.7% |
| Other amounts payable | 47/48 | €654,300 | €838,253 | +€183,953 | +28.1% |
| Accrued charges and deferred income | 492/3 | €3,216 | - | -€3,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,422 | €193,797 | -€24,625 | -11.3% |
| Other operating charges | 640/8 | €5,870 | €4,968 | -€902 | -15.4% |
| Gross operating margin | 9900 | €840,505 | €754,448 | -€86,057 | -10.2% |
| Operating profit (loss) | 9901 | €616,213 | €555,683 | -€60,530 | -9.8% |
| Financial income | 75/76B | €9,012 | €12,547 | +€3,535 | +39.2% |
| Recurring financial income | 75 | €9,012 | €12,547 | +€3,535 | +39.2% |
| Financial charges | 65/66B | €111,440 | €90,599 | -€20,841 | -18.7% |
| Recurring financial charges | 65 | €111,440 | €90,599 | -€20,841 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €513,785 | €477,630 | -€36,154 | -7.0% |
| Income taxes | 67/77 | €165,803 | €153,300 | -€12,503 | -7.5% |
| Profit (loss) for the period | 9904 | €347,982 | €324,330 | -€23,652 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €347,982 | €324,330 | -€23,652 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.