WIM VERMAUT: what changed
What changed
WIM VERMAUT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€1,475
2024 · €20,597-€22,073
Equity
€148,885
2024 · €150,361-€1,475
Cash
€7,016
2024 · €9,318-€2,302
Balance sheet total
€518,838
2024 · €547,913-€29,075
Largest movements
Assets
- Receivables within one year -€12,751
down €12,751 (-63.2%), from €20,175 to €7,424
of which Trade receivables: -€15,351
- Tangible fixed assets -€11,769
down €11,769 (-2.3%), from €515,378 to €503,609
of which Furniture and vehicles: -€19,571
Equity and liabilities
- Debts after one year -€37,217
down €37,217 (-38.7%), from €96,202 to €58,985
- Other debts +€29,886
up €29,886 (+12.9%), from €231,353 to €261,239
- Trade debts -€15,499
down €15,499 (-56.3%), from €27,528 to €12,029
Income statement
- Gross operating margin -€31,397
down €31,397 (-58.7%), from €53,514 to €22,117
- Taxes -€5,123
down €5,123, from €5,100 to -€23
- Depreciation -€3,658
down €3,658 (-16.8%), from €21,815 to €18,157
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.
Result 2024
€20,597
Gross operating margin
-€31,397
Depreciation
+€3,658
Other operating charges
+€56
Financial charges
+€487
Taxes
+€5,123
Result 2025
-€1,475
raises the resultlowers the result
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.
From operations
+€41,609
Investment
-€6,389
Financing
-€37,523
Cash 2024
€9,318
From operations (derived)
+€41,609
Net result for the year
-€1,475
Depreciation
+€18,157
Receivables within one year
+€12,751
Deferred charges and accrued income
+€2,253
Trade debts
-€15,499
Tax, wage and social debts
-€2,194
Other debts
+€29,886
Accrued charges and deferred income
-€2,270
Investment (derived)
-€6,389
Investment in fixed assets (net)
-€6,389
Financing
-€37,523
Debts after one year
-€37,217
Current portion of long-term debt
-€306
Cash 2025
€7,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,913 | €518,838 | -€29,075 | -5.3% |
| Fixed assets | 21/28 | €515,378 | €503,609 | -€11,769 | -2.3% |
| Tangible fixed assets | 22/27 | €515,378 | €503,609 | -€11,769 | -2.3% |
| Land and buildings | 22 | €495,807 | €503,609 | +€7,802 | +1.6% |
| Furniture and vehicles | 24 | €19,571 | €0 | -€19,571 | -100% |
| Current assets | 29/58 | €32,536 | €15,229 | -€17,307 | -53.2% |
| Amounts receivable within one year | 40/41 | €20,175 | €7,424 | -€12,751 | -63.2% |
| Trade receivables | 40 | €18,775 | €3,424 | -€15,351 | -81.8% |
| Other amounts receivable | 41 | €1,400 | €4,000 | +€2,600 | +186% |
| Cash at bank and in hand | 54/58 | €9,318 | €7,016 | -€2,302 | -24.7% |
| Deferred charges and accrued income | 490/1 | €3,043 | €790 | -€2,253 | -74.0% |
| Total equity and liabilities | 10/49 | €547,913 | €518,838 | -€29,075 | -5.3% |
| Equity | 10/15 | €150,361 | €148,885 | -€1,475 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,761 | €130,285 | -€1,475 | -1.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €131,761 | €130,285 | -€1,475 | -1.1% |
| Amounts payable | 17/49 | €397,553 | €369,953 | -€27,600 | -6.9% |
| Amounts payable after more than one year | 17 | €96,202 | €58,985 | -€37,217 | -38.7% |
| Financial debts | 170/4 | €96,202 | €58,985 | -€37,217 | -38.7% |
| Amounts payable within one year | 42/48 | €298,681 | €310,568 | +€11,886 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €37,523 | €37,217 | -€306 | -0.8% |
| Trade debts | 44 | €27,528 | €12,029 | -€15,499 | -56.3% |
| Suppliers | 440/4 | €27,528 | €12,029 | -€15,499 | -56.3% |
| Taxes, remuneration and social security | 45 | €2,278 | €84 | -€2,194 | -96.3% |
| Taxes | 450/3 | €2,278 | €84 | -€2,194 | -96.3% |
| Other amounts payable | 47/48 | €231,353 | €261,239 | +€29,886 | +12.9% |
| Accrued charges and deferred income | 492/3 | €2,669 | €400 | -€2,270 | -85.0% |
| Non-recurring operating income | 76A | - | €3,429 | +€3,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,815 | €18,157 | -€3,658 | -16.8% |
| Other operating charges | 640/8 | €3,852 | €3,796 | -€56 | -1.4% |
| Gross operating margin | 9900 | €53,514 | €22,117 | -€31,397 | -58.7% |
| Operating profit (loss) | 9901 | €27,847 | €164 | -€27,683 | -99.4% |
| Financial charges | 65/66B | €2,150 | €1,663 | -€487 | -22.7% |
| Recurring financial charges | 65 | €2,150 | €1,663 | -€487 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €25,697 | -€1,499 | -€27,196 | |
| Income taxes | 67/77 | €5,100 | -€23 | -€5,123 | |
| Profit (loss) for the period | 9904 | €20,597 | -€1,475 | -€22,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,597 | -€1,475 | -€22,073 |
Next steps
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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 6 November 2026 via checked.be.