ABP.VERCAMMEN: 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.
ABP.VERCAMMEN
Largest movements
- Cash +€48,167
up €48,167 (+11.0%), from €436,937 to €485,104
mainly Net result for the year (+€46,862) and Tax, wage and social debts (+€924)
- Reserves +€46,862
up €46,862 (+11.4%), from €412,299 to €459,161
of which Distributable reserves: +€46,862
- Gross operating margin +€52,759
up €52,759 (+292%), from €18,088 to €70,848
- Taxes +€18,665
up €18,665 (+363%), from €5,146 to €23,811
- Other operating charges -€1,713
down €1,713 (-53.8%), from €3,181 to €1,468
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 | €437,318 | €485,104 | +€47,786 | +10.9% |
| Current assets | 29/58 | €437,318 | €485,104 | +€47,786 | +10.9% |
| Amounts receivable within one year | 40/41 | €381 | - | -€381 | |
| Other amounts receivable | 41 | €381 | - | -€381 | |
| Cash at bank and in hand | 54/58 | €436,937 | €485,104 | +€48,167 | +11.0% |
| Total equity and liabilities | 10/49 | €437,318 | €485,104 | +€47,786 | +10.9% |
| Equity | 10/15 | €437,299 | €484,161 | +€46,862 | +10.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €412,299 | €459,161 | +€46,862 | +11.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €409,799 | €456,661 | +€46,862 | +11.4% |
| Amounts payable | 17/49 | €19 | €943 | +€924 | +4,818% |
| Amounts payable within one year | 42/48 | €19 | €943 | +€924 | +4,818% |
| Taxes, remuneration and social security | 45 | - | €924 | +€924 | |
| Taxes | 450/3 | - | €924 | +€924 | |
| Other amounts payable | 47/48 | €19 | €19 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | - | -€173 | |
| Other operating charges | 640/8 | €3,181 | €1,468 | -€1,713 | -53.8% |
| Gross operating margin | 9900 | €18,088 | €70,848 | +€52,759 | +292% |
| Operating profit (loss) | 9901 | €14,734 | €69,379 | +€54,645 | +371% |
| Financial income | 75/76B | €1,589 | €1,294 | -€295 | -18.6% |
| Recurring financial income | 75 | €1,589 | €1,294 | -€295 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €16,323 | €70,673 | +€54,349 | +333% |
| Income taxes | 67/77 | €5,146 | €23,811 | +€18,665 | +363% |
| Profit (loss) for the period | 9904 | €11,178 | €46,862 | +€35,685 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €11,178 | €46,862 | +€35,685 | +319% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.