VERCAEMER DIETER: 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.
VERCAEMER DIETER
Largest movements
- Receivables within one year -€35,365
down €35,365 (-77.2%), from €45,818 to €10,453
of which Trade receivables: -€35,252
- Receivables after one year -€6,360
down €6,360 (-28.3%), from €22,493 to €16,133
- Stocks and contracts -€3,739
down €3,739 (-4.5%), from €83,769 to €80,030
- Tangible fixed assets +€3,456
up €3,456 (+29.9%), from €11,555 to €15,012
of which Leasing and similar rights: +€4,633
- Financial fixed assets +€1,800
new in 2025: €1,800
- Trade debts -€39,358
down €39,358 (-69.8%), from €56,354 to €16,995
- Current portion of long-term debt -€4,744
down €4,744 (-50.4%), from €9,418 to €4,673
- Other debts +€2,030
new in 2025: €2,030
- Tax, wage and social debts -€1,983
down €1,983 (-100%), from €1,983 to €0
of which Remuneration and social security: -€1,200
- Debts after one year +€1,723
up €1,723 (+2.2%), from €78,412 to €80,135
- Gross operating margin +€4,050
up €4,050 (+36.2%), from €11,186 to €15,237
- Financial charges -€1,803
down €1,803 (-20.4%), from €8,827 to €7,024
- Other operating charges +€529
up €529 (+76.2%), from €694 to €1,222
- Financial income -€420
down €420 (-40.2%), from €1,044 to €624
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 | €169,204 | €128,788 | -€40,416 | -23.9% |
| Formation expenses | 20 | €1,301 | €773 | -€528 | -40.6% |
| Fixed assets | 21/28 | €13,348 | €17,896 | +€4,549 | +34.1% |
| Intangible fixed assets | 21 | €1,792 | €1,085 | -€708 | -39.5% |
| Tangible fixed assets | 22/27 | €11,555 | €15,012 | +€3,456 | +29.9% |
| Plant, machinery and equipment | 23 | €5,984 | €5,500 | -€484 | -8.1% |
| Furniture and vehicles | 24 | €1,538 | €845 | -€693 | -45.0% |
| Leasing and similar rights | 25 | €4,033 | €8,667 | +€4,633 | +115% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €154,556 | €110,119 | -€44,436 | -28.8% |
| Amounts receivable after more than one year | 29 | €22,493 | €16,133 | -€6,360 | -28.3% |
| Other amounts receivable | 291 | €22,493 | €16,133 | -€6,360 | -28.3% |
| Stocks and contracts in progress | 3 | €83,769 | €80,030 | -€3,739 | -4.5% |
| Stocks | 30/36 | €83,769 | €80,030 | -€3,739 | -4.5% |
| Amounts receivable within one year | 40/41 | €45,818 | €10,453 | -€35,365 | -77.2% |
| Trade receivables | 40 | €45,252 | €10,000 | -€35,252 | -77.9% |
| Other amounts receivable | 41 | €565 | €453 | -€112 | -19.8% |
| Cash at bank and in hand | 54/58 | €429 | €1,272 | +€843 | +197% |
| Deferred charges and accrued income | 490/1 | €2,047 | €2,231 | +€184 | +9.0% |
| Total equity and liabilities | 10/49 | €169,204 | €128,788 | -€40,416 | -23.9% |
| Equity | 10/15 | €5,067 | €6,489 | +€1,422 | +28.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67 | €1,489 | +€1,422 | +2,136% |
| Distributable reserves | 133 | €67 | €1,489 | +€1,422 | +2,136% |
| Amounts payable | 17/49 | €164,137 | €122,300 | -€41,838 | -25.5% |
| Amounts payable after more than one year | 17 | €78,412 | €80,135 | +€1,723 | +2.2% |
| Financial debts | 170/4 | €78,412 | €80,135 | +€1,723 | +2.2% |
| Amounts payable within one year | 42/48 | €85,725 | €42,164 | -€43,561 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €9,418 | €4,673 | -€4,744 | -50.4% |
| Financial debts | 43 | €17,971 | €18,465 | +€495 | +2.8% |
| Credit institutions | 430/8 | €17,971 | €18,465 | +€495 | +2.8% |
| Trade debts | 44 | €56,354 | €16,995 | -€39,358 | -69.8% |
| Suppliers | 440/4 | €56,354 | €16,995 | -€39,358 | -69.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,983 | €0 | -€1,983 | -100% |
| Taxes | 450/3 | €783 | €0 | -€783 | -100% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Other amounts payable | 47/48 | - | €2,030 | +€2,030 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,111 | €6,192 | +€81 | +1.3% |
| Other operating charges | 640/8 | €694 | €1,222 | +€529 | +76.2% |
| Gross operating margin | 9900 | €11,186 | €15,237 | +€4,050 | +36.2% |
| Operating profit (loss) | 9901 | €4,381 | €7,822 | +€3,441 | +78.5% |
| Financial income | 75/76B | €1,044 | €624 | -€420 | -40.2% |
| Recurring financial income | 75 | €1,044 | €624 | -€420 | -40.2% |
| Financial charges | 65/66B | €8,827 | €7,024 | -€1,803 | -20.4% |
| Recurring financial charges | 65 | €8,827 | €7,024 | -€1,803 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,402 | €1,422 | +€4,824 | |
| Profit (loss) for the period | 9904 | -€3,402 | €1,422 | +€4,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,402 | €1,422 | +€4,824 |
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 25 October 2026 via checked.be.