VLEESWAREN VERMEIR: what changed
VLEESWAREN VERMEIR
Largest movements
- Receivables within one year -€57,655
down €57,655 (-17.4%), from €331,050 to €273,395
of which Trade receivables: -€43,667
- Cash +€14,501
up €14,501 (+5.7%), from €255,989 to €270,490
mainly Net result for the year (+€79,994) and Receivables within one year (+€57,655)
- Tangible fixed assets +€10,567
up €10,567 (+2.6%), from €399,238 to €409,805
of which Land and buildings: +€26,833
- Reserves +€79,994
up €79,994 (+20.8%), from €384,402 to €464,396
of which Distributable reserves: +€79,994
- Trade debts -€51,150
down €51,150 (-34.3%), from €149,199 to €98,049
- Tax, wage and social debts -€39,181
down €39,181 (-82.9%), from €47,240 to €8,058
of which Taxes: -€37,853
- Debts after one year -€14,350
down €14,350 (-5.8%), from €245,541 to €231,192
- Other operating charges -€73,199
down €73,199 (-94.2%), from €77,719 to €4,521
- Gross operating margin -€39,669
down €39,669 (-17.9%), from €221,504 to €181,835
- Write-downs -€37,698
down €37,698 (-333%), from -€11,332 to -€49,030
- Taxes +€18,139
up €18,139 (+108%), from €16,817 to €34,956
- Depreciation +€13,752
up €13,752 (+36.5%), from €37,670 to €51,422
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,711 | €971,292 | -€31,419 | -3.1% |
| Fixed assets | 21/28 | €399,238 | €409,805 | +€10,567 | +2.6% |
| Tangible fixed assets | 22/27 | €399,238 | €409,805 | +€10,567 | +2.6% |
| Land and buildings | 22 | €361,092 | €387,925 | +€26,833 | +7.4% |
| Plant, machinery and equipment | 23 | €16,841 | €15,991 | -€850 | -5.0% |
| Furniture and vehicles | 24 | €21,305 | €5,889 | -€15,416 | -72.4% |
| Current assets | 29/58 | €603,473 | €561,488 | -€41,986 | -7.0% |
| Stocks and contracts in progress | 3 | €14,185 | €14,185 | = | 0.0% |
| Stocks | 30/36 | €14,185 | €14,185 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €331,050 | €273,395 | -€57,655 | -17.4% |
| Trade receivables | 40 | €307,479 | €263,812 | -€43,667 | -14.2% |
| Other amounts receivable | 41 | €23,571 | €9,583 | -€13,988 | -59.3% |
| Cash at bank and in hand | 54/58 | €255,989 | €270,490 | +€14,501 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,249 | €3,417 | +€1,168 | +52.0% |
| Total equity and liabilities | 10/49 | €1,002,711 | €971,292 | -€31,419 | -3.1% |
| Equity | 10/15 | €402,994 | €482,988 | +€79,994 | +19.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €384,402 | €464,396 | +€79,994 | +20.8% |
| Tax-exempt reserves | 132 | €23,460 | €23,460 | = | 0.0% |
| Distributable reserves | 133 | €360,942 | €440,936 | +€79,994 | +22.2% |
| Amounts payable | 17/49 | €599,717 | €488,304 | -€111,413 | -18.6% |
| Amounts payable after more than one year | 17 | €245,541 | €231,192 | -€14,350 | -5.8% |
| Financial debts | 170/4 | €245,541 | €231,192 | -€14,350 | -5.8% |
| Amounts payable within one year | 42/48 | €354,176 | €257,112 | -€97,063 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €22,482 | €22,367 | -€115 | -0.5% |
| Financial debts | 43 | €382 | €87 | -€296 | -77.4% |
| Credit institutions | 430/8 | - | €87 | +€87 | |
| Other loans | 439 | €382 | €0 | -€382 | -100% |
| Trade debts | 44 | €149,199 | €98,049 | -€51,150 | -34.3% |
| Suppliers | 440/4 | €149,199 | €98,049 | -€51,150 | -34.3% |
| Taxes, remuneration and social security | 45 | €47,240 | €8,058 | -€39,181 | -82.9% |
| Taxes | 450/3 | €42,809 | €4,956 | -€37,853 | -88.4% |
| Remuneration and social security | 454/9 | €4,430 | €3,102 | -€1,328 | -30.0% |
| Other amounts payable | 47/48 | €134,873 | €128,552 | -€6,321 | -4.7% |
| Non-recurring operating income | 76A | €0 | €5,386 | +€5,386 | |
| Remuneration, social security and pensions | 62 | €63,288 | €52,954 | -€10,335 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,670 | €51,422 | +€13,752 | +36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,332 | -€49,030 | -€37,698 | -333% |
| Other operating charges | 640/8 | €77,719 | €4,521 | -€73,199 | -94.2% |
| Non-recurring operating charges | 66A | €750 | €0 | -€750 | -100% |
| Gross operating margin | 9900 | €221,504 | €181,835 | -€39,669 | -17.9% |
| Operating profit (loss) | 9901 | €53,409 | €121,969 | +€68,561 | +128% |
| Financial income | 75/76B | €5,876 | €2,183 | -€3,693 | -62.8% |
| Recurring financial income | 75 | €5,876 | €2,183 | -€3,693 | -62.8% |
| Financial charges | 65/66B | €5,018 | €9,202 | +€4,184 | +83.4% |
| Recurring financial charges | 65 | €5,018 | €9,202 | +€4,184 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €54,266 | €114,950 | +€60,684 | +112% |
| Income taxes | 67/77 | €16,817 | €34,956 | +€18,139 | +108% |
| Profit (loss) for the period | 9904 | €37,449 | €79,994 | +€42,545 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €37,449 | €79,994 | +€42,545 | +114% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.