VERCA - CONCEPT: what changed
Two fiscal 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.
VERCA - CONCEPT
Largest movements
- Receivables within one year -€4,927
down €4,927 (-38.5%), from €12,799 to €7,872
of which Trade receivables: -€4,445
- Cash +€1,447
up €1,447 (+12.5%), from €11,559 to €13,006
mainly Receivables within one year (+€4,927) and Depreciation (+€1,941)
- Tangible fixed assets -€353
down €353 (-10.2%), from €3,464 to €3,111
of which Land and buildings: -€457
- Other debts -€3,700
down €3,700 (-25.9%), from €14,261 to €10,561
- Tax, wage and social debts +€1,065
up €1,065 (+1026.6%), from €104 to €1,168
- Trade debts -€657
down €657 (-33.3%), from €1,974 to €1,318
- Profit (loss) carried forward -€634
down €634 (-9.4%), from -€6,742 to -€7,376
- Gross operating margin +€4,152
up €4,152, from -€1,845 to €2,307
- Taxes +€534
up €534 (+514.4%), from €104 to €637
- Other operating charges -€232
down €232 (-36.7%), from €631 to €400
- Depreciation -€24
down €24 (-1.2%), from €1,965 to €1,941
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.
Cash bridge derived
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 | €29,019 | €25,093 | -€3,926 | -13.5% |
| Fixed assets | 21/28 | €4,059 | €3,706 | -€353 | -8.7% |
| Tangible fixed assets | 22/27 | €3,464 | €3,111 | -€353 | -10.2% |
| Land and buildings | 22 | €1,673 | €1,217 | -€457 | -27.3% |
| Furniture and vehicles | 24 | €1,791 | €1,894 | +€104 | +5.8% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €24,959 | €21,386 | -€3,573 | -14.3% |
| Amounts receivable within one year | 40/41 | €12,799 | €7,872 | -€4,927 | -38.5% |
| Trade receivables | 40 | €12,318 | €7,872 | -€4,445 | -36.1% |
| Other amounts receivable | 41 | €482 | €0 | -€482 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,559 | €13,006 | +€1,447 | +12.5% |
| Deferred charges and accrued income | 490/1 | €601 | €508 | -€92 | -15.4% |
| Total equity and liabilities | 10/49 | €29,019 | €25,093 | -€3,926 | -13.5% |
| Equity | 10/15 | €12,679 | €12,045 | -€634 | -5.0% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €7,026 | €7,026 | = | 0.0% |
| Distributable reserves | 133 | €7,026 | €7,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,742 | -€7,376 | -€634 | -9.4% |
| Amounts payable | 17/49 | €16,339 | €13,047 | -€3,292 | -20.1% |
| Amounts payable within one year | 42/48 | €16,339 | €13,047 | -€3,292 | -20.1% |
| Trade debts | 44 | €1,974 | €1,318 | -€657 | -33.3% |
| Suppliers | 440/4 | €1,974 | €1,318 | -€657 | -33.3% |
| Taxes, remuneration and social security | 45 | €104 | €1,168 | +€1,065 | +1026.6% |
| Taxes | 450/3 | €104 | €1,168 | +€1,065 | +1026.6% |
| Other amounts payable | 47/48 | €14,261 | €10,561 | -€3,700 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,965 | €1,941 | -€24 | -1.2% |
| Other operating charges | 640/8 | €631 | €400 | -€232 | -36.7% |
| Gross operating margin | 9900 | -€1,845 | €2,307 | +€4,152 | |
| Operating profit (loss) | 9901 | -€4,442 | -€34 | +€4,408 | +99.2% |
| Financial income | 75/76B | €68 | €83 | +€15 | +21.2% |
| Recurring financial income | 75 | €68 | €83 | +€15 | +21.2% |
| Financial charges | 65/66B | €43 | €46 | +€3 | +6.6% |
| Recurring financial charges | 65 | €43 | €46 | +€3 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,416 | €3 | +€4,419 | |
| Income taxes | 67/77 | €104 | €637 | +€534 | +514.4% |
| Profit (loss) for the period | 9904 | -€4,520 | -€634 | +€3,886 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,520 | -€634 | +€3,886 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.