VERNIMMEN: 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.
VERNIMMEN
Largest movements
- Cash +€39,755
up €39,755 (+7.6%), from €522,888 to €562,642
mainly Net result for the year (+€67,569) and Depreciation (+€27,443)
- Tangible fixed assets +€24,071
up €24,071 (+150.5%), from €15,993 to €40,064
- Deferred charges and accrued income +€14,324
up €14,324 (+265.9%), from €5,387 to €19,711
- Reserves +€67,569
up €67,569 (+10.3%), from €655,144 to €722,713
- Gross operating margin +€32,688
up €32,688 (+21.2%), from €153,860 to €186,548
- Taxes +€6,612
up €6,612 (+35.9%), from €18,420 to €25,031
- Staff costs +€5,049
up €5,049 (+8.7%), from €58,153 to €63,202
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 | €697,143 | €774,304 | +€77,161 | +11.1% |
| Fixed assets | 21/28 | €15,993 | €40,064 | +€24,071 | +150.5% |
| Tangible fixed assets | 22/27 | €15,993 | €40,064 | +€24,071 | +150.5% |
| Furniture and vehicles | 24 | €15,993 | €40,064 | +€24,071 | +150.5% |
| Current assets | 29/58 | €681,151 | €734,240 | +€53,090 | +7.8% |
| Amounts receivable within one year | 40/41 | €9,333 | €2,344 | -€6,989 | -74.9% |
| Trade receivables | 40 | €8,100 | €959 | -€7,141 | -88.2% |
| Other amounts receivable | 41 | €1,232 | €1,385 | +€152 | +12.3% |
| Current investments | 50/53 | €143,543 | €149,543 | +€6,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €522,888 | €562,642 | +€39,755 | +7.6% |
| Deferred charges and accrued income | 490/1 | €5,387 | €19,711 | +€14,324 | +265.9% |
| Total equity and liabilities | 10/49 | €697,143 | €774,304 | +€77,161 | +11.1% |
| Equity | 10/15 | €673,736 | €741,305 | +€67,569 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €655,144 | €722,713 | +€67,569 | +10.3% |
| Distributable reserves | 133 | €655,144 | €722,713 | +€67,569 | +10.3% |
| Amounts payable | 17/49 | €23,408 | €32,999 | +€9,591 | +41.0% |
| Amounts payable within one year | 42/48 | €23,408 | €32,147 | +€8,739 | +37.3% |
| Financial debts | 43 | €6,212 | €6,182 | -€31 | -0.5% |
| Credit institutions | 430/8 | €6,212 | €6,182 | -€31 | -0.5% |
| Trade debts | 44 | €710 | €2,379 | +€1,669 | +234.9% |
| Suppliers | 440/4 | €710 | €2,379 | +€1,669 | +234.9% |
| Taxes, remuneration and social security | 45 | €12,579 | €19,585 | +€7,006 | +55.7% |
| Taxes | 450/3 | €2,271 | €9,727 | +€7,456 | +328.3% |
| Remuneration and social security | 454/9 | €10,308 | €9,857 | -€450 | -4.4% |
| Other amounts payable | 47/48 | €3,906 | €4,001 | +€95 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €852 | +€852 | |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Remuneration, social security and pensions | 62 | €58,153 | €63,202 | +€5,049 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,181 | €27,443 | +€1,261 | +4.8% |
| Other operating charges | 640/8 | €3,206 | €2,437 | -€769 | -24.0% |
| Gross operating margin | 9900 | €153,860 | €186,548 | +€32,688 | +21.2% |
| Operating profit (loss) | 9901 | €66,320 | €93,466 | +€27,146 | +40.9% |
| Financial income | 75/76B | €120 | €62 | -€58 | -48.6% |
| Recurring financial income | 75 | €120 | €62 | -€58 | -48.6% |
| Financial charges | 65/66B | €1,102 | €927 | -€175 | -15.9% |
| Recurring financial charges | 65 | €1,102 | €927 | -€175 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €65,338 | €92,601 | +€27,263 | +41.7% |
| Income taxes | 67/77 | €18,420 | €25,031 | +€6,612 | +35.9% |
| Profit (loss) for the period | 9904 | €46,918 | €67,569 | +€20,651 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,918 | €67,569 | +€20,651 | +44.0% |
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 4 October 2026 via checked.be.