Vormers: what changed
Two financial 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.
Vormers
Largest movements
- Receivables within one year +€112,359
up €112,359 (+336%), from €33,397 to €145,756
of which Other amounts receivable: +€112,305
- Cash -€96,199
down €96,199 (-83.3%), from €115,482 to €19,283
mainly Receivables within one year (-€112,359) and Tax, wage and social debts (-€30,517)
- Tangible fixed assets -€9,625
down €9,625 (-42.2%), from €22,814 to €13,190
of which Leasing and similar rights: -€5,586
- Trade debts +€31,624
up €31,624 (+965%), from €3,278 to €34,902
- Tax, wage and social debts -€30,517
down €30,517 (-70.1%), from €43,527 to €13,010
of which Taxes: -€36,468
- Reserves +€12,713
up €12,713 (+10.3%), from €123,140 to €135,852
- Debts after one year -€5,770
down €5,770 (-92.2%), from €6,256 to €485
- Gross operating margin -€87,536
down €87,536 (-72.7%), from €120,350 to €32,814
- Taxes -€19,745
down €19,745 (-81.7%), from €24,166 to €4,421
- Staff costs +€4,298
new in 2025: €4,298
- Depreciation +€1,604
up €1,604 (+20.0%), from €8,020 to €9,625
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.
Derived cash bridge
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 | €185,969 | €192,524 | +€6,555 | +3.5% |
| Fixed assets | 21/28 | €37,089 | €27,465 | -€9,625 | -25.9% |
| Tangible fixed assets | 22/27 | €22,814 | €13,190 | -€9,625 | -42.2% |
| Plant, machinery and equipment | 23 | €1,466 | €1,299 | -€167 | -11.4% |
| Furniture and vehicles | 24 | €9,779 | €5,907 | -€3,872 | -39.6% |
| Leasing and similar rights | 25 | €11,570 | €5,984 | -€5,586 | -48.3% |
| Financial fixed assets | 28 | €14,275 | €14,275 | = | 0.0% |
| Current assets | 29/58 | €148,879 | €165,059 | +€16,180 | +10.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €33,397 | €145,756 | +€112,359 | +336% |
| Trade receivables | 40 | €32,292 | €32,346 | +€54 | +0.2% |
| Other amounts receivable | 41 | €1,105 | €113,410 | +€112,305 | +10,163% |
| Cash at bank and in hand | 54/58 | €115,482 | €19,283 | -€96,199 | -83.3% |
| Deferred charges and accrued income | 490/1 | €0 | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €185,969 | €192,524 | +€6,555 | +3.5% |
| Equity | 10/15 | €125,640 | €138,352 | +€12,713 | +10.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €123,140 | €135,852 | +€12,713 | +10.3% |
| Distributable reserves | 133 | €123,140 | €135,852 | +€12,713 | +10.3% |
| Amounts payable | 17/49 | €60,329 | €54,171 | -€6,158 | -10.2% |
| Amounts payable after more than one year | 17 | €6,256 | €485 | -€5,770 | -92.2% |
| Financial debts | 170/4 | €6,256 | €485 | -€5,770 | -92.2% |
| Amounts payable within one year | 42/48 | €54,069 | €53,682 | -€387 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €5,673 | €5,770 | +€98 | +1.7% |
| Trade debts | 44 | €3,278 | €34,902 | +€31,624 | +965% |
| Suppliers | 440/4 | €3,278 | €34,902 | +€31,624 | +965% |
| Taxes, remuneration and social security | 45 | €43,527 | €13,010 | -€30,517 | -70.1% |
| Taxes | 450/3 | €41,014 | €4,546 | -€36,468 | -88.9% |
| Remuneration and social security | 454/9 | €2,513 | €8,464 | +€5,951 | +237% |
| Other amounts payable | 47/48 | €1,592 | €0 | -€1,592 | -100% |
| Accrued charges and deferred income | 492/3 | €4 | €4 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €4,298 | +€4,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,020 | €9,625 | +€1,604 | +20.0% |
| Other operating charges | 640/8 | €1,856 | €1,515 | -€341 | -18.4% |
| Gross operating margin | 9900 | €120,350 | €32,814 | -€87,536 | -72.7% |
| Operating profit (loss) | 9901 | €110,473 | €17,377 | -€93,097 | -84.3% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €586 | €249 | -€337 | -57.5% |
| Recurring financial charges | 65 | €586 | €249 | -€337 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €109,887 | €17,134 | -€92,753 | -84.4% |
| Income taxes | 67/77 | €24,166 | €4,421 | -€19,745 | -81.7% |
| Profit (loss) for the period | 9904 | €85,721 | €12,713 | -€73,009 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,721 | €12,713 | -€73,009 | -85.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.