VERCAEMER: 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.
VERCAEMER
Largest movements
- Receivables within one year -€10,645
down €10,645 (-37.6%), from €28,298 to €17,653
of which Other amounts receivable: -€5,940
- Tangible fixed assets -€8,621
down €8,621 (-21.2%), from €40,735 to €32,114
of which Furniture and vehicles: -€9,612
- Cash +€4,795
up €4,795 (+60.2%), from €7,965 to €12,759
mainly Receivables within one year (+€10,645) and Depreciation (+€10,321)
- Profit (loss) carried forward -€9,441
down €9,441 (-100.0%), from €9,441 to €0
- Reserves +€9,437
up €9,437 (+53.9%), from €17,500 to €26,937
- Debts after one year -€8,534
down €8,534 (-28.2%), from €30,274 to €21,740
- Tax, wage and social debts -€3,912
down €3,912 (-90.8%), from €4,306 to €394
of which Remuneration and social security: -€2,000
- Trade debts -€2,917
down €2,917 (-100.0%), from €2,917 to €0
- Gross operating margin +€5,611
up €5,611 (+45.5%), from €12,336 to €17,947
- Financial charges +€4,554
up €4,554 (+266.3%), from €1,710 to €6,264
- Depreciation +€2,760
up €2,760 (+36.5%), from €7,561 to €10,321
- Financial income +€1,039
new in 2025: €1,039
- Other operating charges +€415
up €415 (+49.4%), from €840 to €1,254
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 | €77,536 | €63,438 | -€14,097 | -18.2% |
| Fixed assets | 21/28 | €40,735 | €32,114 | -€8,621 | -21.2% |
| Tangible fixed assets | 22/27 | €40,735 | €32,114 | -€8,621 | -21.2% |
| Plant, machinery and equipment | 23 | €872 | €1,863 | +€991 | +113.6% |
| Furniture and vehicles | 24 | €39,862 | €30,251 | -€9,612 | -24.1% |
| Current assets | 29/58 | €36,801 | €31,325 | -€5,476 | -14.9% |
| Stocks and contracts in progress | 3 | €493 | €686 | +€193 | +39.1% |
| Stocks | 30/36 | €493 | €686 | +€193 | +39.1% |
| Amounts receivable within one year | 40/41 | €28,298 | €17,653 | -€10,645 | -37.6% |
| Trade receivables | 40 | €5,190 | €485 | -€4,705 | -90.7% |
| Other amounts receivable | 41 | €23,108 | €17,168 | -€5,940 | -25.7% |
| Cash at bank and in hand | 54/58 | €7,965 | €12,759 | +€4,795 | +60.2% |
| Deferred charges and accrued income | 490/1 | €45 | €226 | +€181 | +399.8% |
| Total equity and liabilities | 10/49 | €77,536 | €63,438 | -€14,097 | -18.2% |
| Equity | 10/15 | €31,941 | €31,937 | -€4 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €17,500 | €26,937 | +€9,437 | +53.9% |
| Distributable reserves | 133 | €17,500 | €26,937 | +€9,437 | +53.9% |
| Profit (loss) carried forward | 14 | €9,441 | €0 | -€9,441 | -100.0% |
| Amounts payable | 17/49 | €45,595 | €31,501 | -€14,094 | -30.9% |
| Amounts payable after more than one year | 17 | €30,274 | €21,740 | -€8,534 | -28.2% |
| Financial debts | 170/4 | €30,274 | €21,740 | -€8,534 | -28.2% |
| Amounts payable within one year | 42/48 | €15,321 | €9,761 | -€5,560 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €8,098 | €8,534 | +€436 | +5.4% |
| Trade debts | 44 | €2,917 | €0 | -€2,917 | -100.0% |
| Suppliers | 440/4 | €2,917 | €0 | -€2,917 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,306 | €394 | -€3,912 | -90.8% |
| Taxes | 450/3 | €2,306 | €394 | -€1,912 | -82.9% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Non-recurring operating income | 76A | €14,054 | €0 | -€14,054 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,561 | €10,321 | +€2,760 | +36.5% |
| Other operating charges | 640/8 | €840 | €1,254 | +€415 | +49.4% |
| Gross operating margin | 9900 | €12,336 | €17,947 | +€5,611 | +45.5% |
| Operating profit (loss) | 9901 | €3,935 | €6,371 | +€2,436 | +61.9% |
| Financial income | 75/76B | - | €1,039 | +€1,039 | |
| Recurring financial income | 75 | - | €1,039 | +€1,039 | |
| Financial charges | 65/66B | €1,710 | €6,264 | +€4,554 | +266.3% |
| Recurring financial charges | 65 | €1,710 | €6,264 | +€4,554 | +266.3% |
| Profit (loss) for the period before taxes | 9903 | €2,225 | €1,146 | -€1,079 | -48.5% |
| Income taxes | 67/77 | €206 | €317 | +€111 | +53.9% |
| Profit (loss) for the period | 9904 | €2,019 | €829 | -€1,190 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,019 | €829 | -€1,190 | -58.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.