VORMEZEELE: what changed
VORMEZEELE
Largest movements
- Cash +€94,603
up €94,603 (+8.5%), from €1.1m to €1.2m
mainly Net result for the year (+€177,458) and Depreciation (+€38,888)
- Receivables within one year +€46,357
up €46,357 (+155%), from €29,975 to €76,332
of which Trade receivables: +€48,494
- Tangible fixed assets -€38,888
down €38,888 (-29.4%), from €132,199 to €93,311
of which Furniture and vehicles: -€28,471
- Reserves +€177,458
up €177,458 (+16.7%), from €1.1m to €1.2m
of which Distributable reserves: +€179,317
- Tax, wage and social debts -€98,712
down €98,712 (-96.8%), from €101,965 to €3,253
- Short-term financial debts +€22,611
up €22,611 (+26.4%), from €85,718 to €108,329
of which Credit institutions: +€12,611
- Gross operating margin -€211,536
down €211,536 (-41.4%), from €510,780 to €299,244
- Taxes -€74,082
down €74,082 (-49.0%), from €151,091 to €77,009
- Depreciation +€6,709
up €6,709 (+20.8%), from €32,179 to €38,888
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 | €1,293,991 | €1,398,204 | +€104,213 | +8.1% |
| Fixed assets | 21/28 | €132,199 | €93,311 | -€38,888 | -29.4% |
| Tangible fixed assets | 22/27 | €132,199 | €93,311 | -€38,888 | -29.4% |
| Land and buildings | 22 | €1,508 | €791 | -€717 | -47.5% |
| Plant, machinery and equipment | 23 | €14,726 | €5,026 | -€9,700 | -65.9% |
| Furniture and vehicles | 24 | €115,965 | €87,494 | -€28,471 | -24.6% |
| Current assets | 29/58 | €1,161,792 | €1,304,893 | +€143,101 | +12.3% |
| Stocks and contracts in progress | 3 | €16,228 | €18,188 | +€1,960 | +12.1% |
| Stocks | 30/36 | €9,428 | €10,988 | +€1,560 | +16.5% |
| Contracts in progress | 37 | €6,800 | €7,200 | +€400 | +5.9% |
| Amounts receivable within one year | 40/41 | €29,975 | €76,332 | +€46,357 | +155% |
| Trade receivables | 40 | €14,943 | €63,437 | +€48,494 | +325% |
| Other amounts receivable | 41 | €15,032 | €12,895 | -€2,137 | -14.2% |
| Cash at bank and in hand | 54/58 | €1,112,954 | €1,207,557 | +€94,603 | +8.5% |
| Deferred charges and accrued income | 490/1 | €2,635 | €2,816 | +€181 | +6.9% |
| Total equity and liabilities | 10/49 | €1,293,991 | €1,398,204 | +€104,213 | +8.1% |
| Equity | 10/15 | €1,091,691 | €1,269,149 | +€177,458 | +16.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,062,275 | €1,239,733 | +€177,458 | +16.7% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €1,060,416 | €1,239,733 | +€179,317 | +16.9% |
| Profit (loss) carried forward | 14 | €10,824 | €10,824 | = | 0.0% |
| Amounts payable | 17/49 | €202,300 | €129,055 | -€73,245 | -36.2% |
| Amounts payable within one year | 42/48 | €198,503 | €124,813 | -€73,690 | -37.1% |
| Financial debts | 43 | €85,718 | €108,329 | +€22,611 | +26.4% |
| Credit institutions | 430/8 | €12,818 | €25,429 | +€12,611 | +98.4% |
| Other loans | 439 | €72,900 | €82,900 | +€10,000 | +13.7% |
| Trade debts | 44 | €300 | €3,003 | +€2,703 | +901% |
| Suppliers | 440/4 | €300 | €3,003 | +€2,703 | +901% |
| Taxes, remuneration and social security | 45 | €101,965 | €3,253 | -€98,712 | -96.8% |
| Taxes | 450/3 | €101,965 | €3,253 | -€98,712 | -96.8% |
| Other amounts payable | 47/48 | €10,520 | €10,228 | -€292 | -2.8% |
| Accrued charges and deferred income | 492/3 | €3,797 | €4,242 | +€445 | +11.7% |
| Non-recurring operating income | 76A | €250 | €1,700 | +€1,450 | +580% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,179 | €38,888 | +€6,709 | +20.8% |
| Other operating charges | 640/8 | €4,927 | €4,494 | -€433 | -8.8% |
| Gross operating margin | 9900 | €510,780 | €299,244 | -€211,536 | -41.4% |
| Operating profit (loss) | 9901 | €473,674 | €255,862 | -€217,812 | -46.0% |
| Financial income | 75/76B | €8,607 | €6,392 | -€2,215 | -25.7% |
| Recurring financial income | 75 | €8,607 | €6,392 | -€2,215 | -25.7% |
| Financial charges | 65/66B | €8,041 | €7,787 | -€254 | -3.2% |
| Recurring financial charges | 65 | €8,041 | €7,787 | -€254 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €474,240 | €254,467 | -€219,773 | -46.3% |
| Income taxes | 67/77 | €151,091 | €77,009 | -€74,082 | -49.0% |
| Profit (loss) for the period | 9904 | €323,149 | €177,458 | -€145,691 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €323,149 | €177,458 | -€145,691 | -45.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.