VOEDERS VERMES: what changed
VOEDERS VERMES
Largest movements
- Tangible fixed assets -€21,189
down €21,189 (-31.2%), from €67,944 to €46,756
of which Furniture and vehicles: -€20,096
- Deferred charges and accrued income -€11,426
down €11,426 (-78.3%), from €14,589 to €3,163
- Receivables within one year +€9,455
up €9,455 (+61.5%), from €15,385 to €24,840
of which Trade receivables: +€9,455
- Cash +€2,054
up €2,054 (+9.2%), from €22,421 to €24,475
mainly Depreciation (+€21,221) and Net result for the year (+€17,734)
- Profit (loss) carried forward +€36,230
up €36,230 (+28.7%), from -€126,126 to -€89,897
- Trade debts -€20,184
down €20,184 (-78.1%), from €25,836 to €5,652
- Reserves -€18,496
down €18,496 (-68.2%), from €27,101 to €8,605
of which Tax-exempt reserves: -€18,496
- Current portion of long-term debt -€15,000
down €15,000 (-100%), from €15,000 to €0
- Other debts -€4,635
down €4,635 (-4.4%), from €104,928 to €100,294
- Gross operating margin +€3,702
up €3,702 (+9.5%), from €38,892 to €42,595
- Depreciation -€703
down €703 (-3.2%), from €21,923 to €21,221
- Other operating charges -€573
down €573 (-17.9%), from €3,202 to €2,629
- Financial charges -€429
down €429 (-36.2%), from €1,185 to €756
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 | €129,339 | €108,233 | -€21,106 | -16.3% |
| Fixed assets | 21/28 | €76,944 | €55,756 | -€21,189 | -27.5% |
| Tangible fixed assets | 22/27 | €67,944 | €46,756 | -€21,189 | -31.2% |
| Plant, machinery and equipment | 23 | €1,093 | €0 | -€1,093 | -100% |
| Furniture and vehicles | 24 | €66,851 | €46,756 | -€20,096 | -30.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €52,395 | €52,478 | +€83 | +0.2% |
| Amounts receivable within one year | 40/41 | €15,385 | €24,840 | +€9,455 | +61.5% |
| Trade receivables | 40 | €15,385 | €24,840 | +€9,455 | +61.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €22,421 | €24,475 | +€2,054 | +9.2% |
| Deferred charges and accrued income | 490/1 | €14,589 | €3,163 | -€11,426 | -78.3% |
| Total equity and liabilities | 10/49 | €129,339 | €108,233 | -€21,106 | -16.3% |
| Equity | 10/15 | -€27,025 | -€9,292 | +€17,734 | +65.6% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €27,101 | €8,605 | -€18,496 | -68.2% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,901 | €1,405 | -€18,496 | -92.9% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€126,126 | -€89,897 | +€36,230 | +28.7% |
| Amounts payable | 17/49 | €156,364 | €117,525 | -€38,839 | -24.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €156,364 | €117,525 | -€38,839 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €0 | -€15,000 | -100% |
| Trade debts | 44 | €25,836 | €5,652 | -€20,184 | -78.1% |
| Suppliers | 440/4 | €25,836 | €5,652 | -€20,184 | -78.1% |
| Taxes, remuneration and social security | 45 | €10,600 | €11,579 | +€979 | +9.2% |
| Taxes | 450/3 | €4,021 | €8,466 | +€4,445 | +111% |
| Remuneration and social security | 454/9 | €6,579 | €3,113 | -€3,466 | -52.7% |
| Other amounts payable | 47/48 | €104,928 | €100,294 | -€4,635 | -4.4% |
| Non-recurring operating income | 76A | - | €907 | +€907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,923 | €21,221 | -€703 | -3.2% |
| Other operating charges | 640/8 | €3,202 | €2,629 | -€573 | -17.9% |
| Non-recurring operating charges | 66A | €293,793 | €0 | -€293,793 | -100% |
| Gross operating margin | 9900 | €38,892 | €42,595 | +€3,702 | +9.5% |
| Operating profit (loss) | 9901 | -€280,025 | €18,745 | +€298,770 | |
| Financial income | 75/76B | €0 | €47 | +€47 | |
| Recurring financial income | 75 | €0 | €47 | +€47 | |
| Financial charges | 65/66B | €1,185 | €756 | -€429 | -36.2% |
| Recurring financial charges | 65 | €1,185 | €756 | -€429 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€281,210 | €18,036 | +€299,246 | |
| Income taxes | 67/77 | €329 | €302 | -€27 | -8.2% |
| Profit (loss) for the period | 9904 | -€281,539 | €17,734 | +€299,273 | |
| Transfer from tax-exempt reserves | 789 | - | €18,496 | +€18,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€281,539 | €36,230 | +€317,769 |
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 5 November 2026 via checked.be.