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
- Stocks and contracts -€39,225
down €39,225 (-8.3%), from €469,896 to €430,671
- Cash +€23,596
up €23,596 (+34.8%), from €67,777 to €91,373
mainly Stocks and contracts (+€39,225) and Depreciation (+€23,022)
- Tangible fixed assets -€23,022
down €23,022 (-13.5%), from €170,786 to €147,764
of which Furniture and vehicles: -€15,520
- Receivables within one year -€17,140
down €17,140 (-24.2%), from €70,709 to €53,569
of which Trade receivables: -€13,492
- Current portion of long-term debt -€20,246
down €20,246 (-54.2%), from €37,337 to €17,092
- Debts after one year -€17,092
down €17,092 (-53.7%), from €31,828 to €14,736
- Trade debts -€16,614
down €16,614 (-49.6%), from €33,491 to €16,878
- Accrued charges and deferred income -€13,813
no longer reported in 2025 (was €13,813)
- Financial charges -€14,797
down €14,797 (-80.2%), from €18,441 to €3,645
- Gross operating margin -€8,924
down €8,924 (-9.0%), from €99,321 to €90,397
- Financial income -€2,286
down €2,286 (-48.9%), from €4,678 to €2,392
- Staff costs +€1,104
up €1,104 (+2.1%), from €52,460 to €53,564
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 | €781,700 | €727,453 | -€54,246 | -6.9% |
| Fixed assets | 21/28 | €170,846 | €147,824 | -€23,022 | -13.5% |
| Tangible fixed assets | 22/27 | €170,786 | €147,764 | -€23,022 | -13.5% |
| Land and buildings | 22 | €80,782 | €76,953 | -€3,828 | -4.7% |
| Plant, machinery and equipment | 23 | €22,279 | €18,733 | -€3,546 | -15.9% |
| Furniture and vehicles | 24 | €67,469 | €51,949 | -€15,520 | -23.0% |
| Other tangible fixed assets | 26 | €255 | €128 | -€128 | -50.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €610,854 | €579,630 | -€31,224 | -5.1% |
| Stocks and contracts in progress | 3 | €469,896 | €430,671 | -€39,225 | -8.3% |
| Stocks | 30/36 | €469,896 | €430,671 | -€39,225 | -8.3% |
| Amounts receivable within one year | 40/41 | €70,709 | €53,569 | -€17,140 | -24.2% |
| Trade receivables | 40 | €64,098 | €50,606 | -€13,492 | -21.0% |
| Other amounts receivable | 41 | €6,611 | €2,963 | -€3,648 | -55.2% |
| Cash at bank and in hand | 54/58 | €67,777 | €91,373 | +€23,596 | +34.8% |
| Deferred charges and accrued income | 490/1 | €2,472 | €4,017 | +€1,545 | +62.5% |
| Total equity and liabilities | 10/49 | €781,700 | €727,453 | -€54,246 | -6.9% |
| Equity | 10/15 | €478,299 | €482,745 | +€4,446 | +0.9% |
| Contributions | 10/11 | €279,000 | €279,000 | = | 0.0% |
| Capital | 10 | €279,000 | €279,000 | = | 0.0% |
| Issued capital | 100 | €279,000 | €279,000 | = | 0.0% |
| Reserves | 13 | €199,299 | €203,745 | +€4,446 | +2.2% |
| Non-distributable reserves | 130/1 | €27,900 | €27,900 | = | 0.0% |
| Legal reserve | 130 | €27,900 | €27,900 | = | 0.0% |
| Distributable reserves | 133 | €171,399 | €175,845 | +€4,446 | +2.6% |
| Amounts payable | 17/49 | €303,401 | €244,708 | -€58,693 | -19.3% |
| Amounts payable after more than one year | 17 | €31,828 | €14,736 | -€17,092 | -53.7% |
| Financial debts | 170/4 | €31,828 | €14,736 | -€17,092 | -53.7% |
| Amounts payable within one year | 42/48 | €257,760 | €229,972 | -€27,788 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €37,337 | €17,092 | -€20,246 | -54.2% |
| Trade debts | 44 | €33,491 | €16,878 | -€16,614 | -49.6% |
| Suppliers | 440/4 | €33,491 | €16,878 | -€16,614 | -49.6% |
| Taxes, remuneration and social security | 45 | €12,944 | €16,102 | +€3,158 | +24.4% |
| Taxes | 450/3 | €4,642 | €7,041 | +€2,398 | +51.7% |
| Remuneration and social security | 454/9 | €8,302 | €9,062 | +€760 | +9.2% |
| Other amounts payable | 47/48 | €173,987 | €179,900 | +€5,913 | +3.4% |
| Accrued charges and deferred income | 492/3 | €13,813 | - | -€13,813 | |
| Remuneration, social security and pensions | 62 | €52,460 | €53,564 | +€1,104 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,468 | €23,022 | -€446 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €853 | -€108 | -€960 | |
| Other operating charges | 640/8 | €5,724 | €5,810 | +€86 | +1.5% |
| Gross operating margin | 9900 | €99,321 | €90,397 | -€8,924 | -9.0% |
| Operating profit (loss) | 9901 | €16,816 | €8,108 | -€8,708 | -51.8% |
| Financial income | 75/76B | €4,678 | €2,392 | -€2,286 | -48.9% |
| Recurring financial income | 75 | €4,678 | €2,392 | -€2,286 | -48.9% |
| Financial charges | 65/66B | €18,441 | €3,645 | -€14,797 | -80.2% |
| Recurring financial charges | 65 | €18,441 | €3,645 | -€14,797 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €3,053 | €6,856 | +€3,803 | +124.6% |
| Income taxes | 67/77 | €1,443 | €2,410 | +€966 | +67.0% |
| Profit (loss) for the period | 9904 | €1,610 | €4,446 | +€2,836 | +176.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,610 | €4,446 | +€2,836 | +176.2% |
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 8 October 2026 via checked.be.