CLEM VERCAMMEN: what changed
What changed
CLEM VERCAMMEN
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€902,228
2023 · €352,464+€549,764
Equity
€4.9m
2023 · €4.0m+€902,228
Cash
€583,666
2023 · €537,619+€46,047
Balance sheet total
€6.7m
2023 · €5.8m+€830,231
Largest movements
Assets
- Stocks and contracts +€403,898
up €403,898 (+8.1%), from €5.0m to €5.4m
- Tangible fixed assets +€381,298
up €381,298 (+275%), from €138,695 to €519,992
of which Plant, machinery and equipment: +€320,799
Equity and liabilities
- Reserves +€900,000
up €900,000 (+24.3%), from €3.7m to €4.6m
of which Distributable reserves: +€900,000
- Other debts -€528,746
down €528,746 (-82.1%), from €643,878 to €115,132
- Debts after one year +€293,895
up €293,895 (+868%), from €33,850 to €327,746
- Trade debts +€133,887
up €133,887 (+21.8%), from €613,283 to €747,170
Income statement
- Gross operating margin +€842,727
up €842,727 (+91.0%), from €926,532 to €1.8m
- Taxes +€174,758
up €174,758 (+131%), from €133,293 to €308,050
- Staff costs +€74,335
up €74,335 (+21.5%), from €346,471 to €420,805
- Depreciation +€56,041
up €56,041 (+195%), from €28,679 to €84,720
Change in the result, 2023 to 2024
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 2023
€352,464
Gross operating margin
+€842,727
Staff costs
-€74,335
Depreciation
-€56,041
Other operating charges
+€3,606
Financial income
+€654
Financial charges
+€7,909
Taxes
-€174,758
Result 2024
€902,228
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€200,900
Investment
-€464,285
Financing
+€309,432
Cash 2023
€537,619
From operations (derived)
+€200,900
Net result for the year
+€902,228
Depreciation
+€84,720
Stocks and contracts
-€403,898
Receivables within one year
-€4,616
Deferred charges and accrued income
+€3,894
Trade debts
+€133,887
Tax, wage and social debts
+€16,460
Advances received
+€3,000
Other debts
-€528,746
Accrued charges and deferred income
-€6,030
Investment (derived)
-€464,285
Investment in fixed assets (net)
-€464,285
Financing
+€309,432
Debts after one year
+€293,895
Current portion of long-term debt
+€48,345
Short-term financial debts
-€32,808
Cash 2024
€583,666
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,827,780 | €6,658,012 | +€830,231 | +14.2% |
| Fixed assets | 21/28 | €141,205 | €520,771 | +€379,566 | +269% |
| Intangible fixed assets | 21 | €2,510 | €778 | -€1,732 | -69.0% |
| Tangible fixed assets | 22/27 | €138,695 | €519,992 | +€381,298 | +275% |
| Land and buildings | 22 | €25,256 | €21,809 | -€3,447 | -13.6% |
| Plant, machinery and equipment | 23 | €93,452 | €414,251 | +€320,799 | +343% |
| Furniture and vehicles | 24 | - | €45,739 | +€45,739 | |
| Leasing and similar rights | 25 | €19,987 | €31,694 | +€11,707 | +58.6% |
| Other tangible fixed assets | 26 | - | €6,500 | +€6,500 | |
| Current assets | 29/58 | €5,686,575 | €6,137,241 | +€450,666 | +7.9% |
| Stocks and contracts in progress | 3 | €4,985,783 | €5,389,680 | +€403,898 | +8.1% |
| Stocks | 30/36 | €4,985,783 | €5,389,680 | +€403,898 | +8.1% |
| Amounts receivable within one year | 40/41 | €159,280 | €163,895 | +€4,616 | +2.9% |
| Trade receivables | 40 | €80,576 | €95,826 | +€15,250 | +18.9% |
| Other amounts receivable | 41 | €78,704 | €68,070 | -€10,634 | -13.5% |
| Cash at bank and in hand | 54/58 | €537,619 | €583,666 | +€46,047 | +8.6% |
| Deferred charges and accrued income | 490/1 | €3,894 | €0 | -€3,894 | -100% |
| Total equity and liabilities | 10/49 | €5,827,780 | €6,658,012 | +€830,231 | +14.2% |
| Equity | 10/15 | €3,975,376 | €4,877,604 | +€902,228 | +22.7% |
| Contributions | 10/11 | €260,288 | €260,288 | = | 0.0% |
| Reserves | 13 | €3,699,008 | €4,599,008 | +€900,000 | +24.3% |
| Tax-exempt reserves | 132 | €169,008 | €169,008 | = | 0.0% |
| Distributable reserves | 133 | €3,530,000 | €4,430,000 | +€900,000 | +25.5% |
| Profit (loss) carried forward | 14 | €16,079 | €18,308 | +€2,228 | +13.9% |
| Amounts payable | 17/49 | €1,852,405 | €1,780,408 | -€71,997 | -3.9% |
| Amounts payable after more than one year | 17 | €33,850 | €327,746 | +€293,895 | +868% |
| Financial debts | 170/4 | €33,850 | €327,746 | +€293,895 | +868% |
| Amounts payable within one year | 42/48 | €1,683,501 | €1,323,639 | -€359,863 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €43,634 | €91,979 | +€48,345 | +111% |
| Financial debts | 43 | €158,777 | €125,968 | -€32,808 | -20.7% |
| Credit institutions | 430/8 | €158,777 | €125,968 | -€32,808 | -20.7% |
| Trade debts | 44 | €613,283 | €747,170 | +€133,887 | +21.8% |
| Suppliers | 440/4 | €613,283 | €747,170 | +€133,887 | +21.8% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €223,929 | €240,389 | +€16,460 | +7.4% |
| Taxes | 450/3 | €160,269 | €143,570 | -€16,699 | -10.4% |
| Remuneration and social security | 454/9 | €63,660 | €96,819 | +€33,159 | +52.1% |
| Other amounts payable | 47/48 | €643,878 | €115,132 | -€528,746 | -82.1% |
| Accrued charges and deferred income | 492/3 | €135,053 | €129,023 | -€6,030 | -4.5% |
| Remuneration, social security and pensions | 62 | €346,471 | €420,805 | +€74,335 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,679 | €84,720 | +€56,041 | +195% |
| Other operating charges | 640/8 | €5,236 | €1,629 | -€3,606 | -68.9% |
| Gross operating margin | 9900 | €926,532 | €1,769,259 | +€842,727 | +91.0% |
| Operating profit (loss) | 9901 | €546,147 | €1,262,105 | +€715,958 | +131% |
| Financial income | 75/76B | €5,138 | €5,792 | +€654 | +12.7% |
| Recurring financial income | 75 | €5,138 | €5,792 | +€654 | +12.7% |
| Financial charges | 65/66B | €65,527 | €57,618 | -€7,909 | -12.1% |
| Recurring financial charges | 65 | €65,527 | €57,618 | -€7,909 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €485,757 | €1,210,279 | +€724,522 | +149% |
| Income taxes | 67/77 | €133,293 | €308,050 | +€174,758 | +131% |
| Profit (loss) for the period | 9904 | €352,464 | €902,228 | +€549,764 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €352,464 | €902,228 | +€549,764 | +156% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.