Vercaemst Consult: 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.
Vercaemst Consult
Largest movements
- Cash +€24,953
up €24,953 (+84.0%), from €29,692 to €54,644
mainly Net result for the year (+€42,643) and Depreciation (+€6,281)
- Receivables within one year +€5,151
up €5,151 (+38.3%), from €13,459 to €18,610
of which Other amounts receivable: +€3,699
- Tangible fixed assets +€4,397
up €4,397 (+32.9%), from €13,368 to €17,764
of which Other tangible fixed assets: +€3,784
- Current investments +€3,500
up €3,500 (+25.0%), from €14,000 to €17,500
- Reserves +€41,810
up €41,810 (+105.0%), from €39,807 to €81,617
- Other debts -€9,062
down €9,062 (-55.1%), from €16,442 to €7,380
- Short-term financial debts +€3,365
new in 2025: €3,365
- Tax, wage and social debts +€3,016
up €3,016 (+53.4%), from €5,651 to €8,667
- Debts after one year -€1,193
no longer reported in 2025 (was €1,193)
- Taxes -€3,485
down €3,485 (-16.2%), from €21,466 to €17,981
- Financial income -€1,887
down €1,887 (-25.1%), from €7,524 to €5,638
- Financial charges -€938
down €938 (-27.7%), from €3,387 to €2,449
- Depreciation +€823
up €823 (+15.1%), from €5,458 to €6,281
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 | €70,518 | €108,519 | +€38,001 | +53.9% |
| Fixed assets | 21/28 | €13,368 | €17,764 | +€4,397 | +32.9% |
| Tangible fixed assets | 22/27 | €13,368 | €17,764 | +€4,397 | +32.9% |
| Furniture and vehicles | 24 | €3,952 | €4,564 | +€613 | +15.5% |
| Other tangible fixed assets | 26 | €9,416 | €13,200 | +€3,784 | +40.2% |
| Current assets | 29/58 | €57,151 | €90,755 | +€33,604 | +58.8% |
| Amounts receivable within one year | 40/41 | €13,459 | €18,610 | +€5,151 | +38.3% |
| Trade receivables | 40 | €12,705 | €14,157 | +€1,452 | +11.4% |
| Other amounts receivable | 41 | €754 | €4,453 | +€3,699 | +490.6% |
| Current investments | 50/53 | €14,000 | €17,500 | +€3,500 | +25.0% |
| Cash at bank and in hand | 54/58 | €29,692 | €54,644 | +€24,953 | +84.0% |
| Total equity and liabilities | 10/49 | €70,518 | €108,519 | +€38,001 | +53.9% |
| Equity | 10/15 | €44,807 | €86,617 | +€41,810 | +93.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,807 | €81,617 | +€41,810 | +105.0% |
| Distributable reserves | 133 | €39,807 | €81,617 | +€41,810 | +105.0% |
| Amounts payable | 17/49 | €25,711 | €21,901 | -€3,810 | -14.8% |
| Amounts payable after more than one year | 17 | €1,193 | - | -€1,193 | |
| Financial debts | 170/4 | €1,193 | - | -€1,193 | |
| Amounts payable within one year | 42/48 | €24,518 | €21,118 | -€3,400 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,710 | €1,193 | -€516 | -30.2% |
| Financial debts | 43 | - | €3,365 | +€3,365 | |
| Credit institutions | 430/8 | - | €3,365 | +€3,365 | |
| Trade debts | 44 | €714 | €513 | -€202 | -28.2% |
| Suppliers | 440/4 | €714 | €513 | -€202 | -28.2% |
| Taxes, remuneration and social security | 45 | €5,651 | €8,667 | +€3,016 | +53.4% |
| Taxes | 450/3 | €5,651 | €8,667 | +€3,016 | +53.4% |
| Other amounts payable | 47/48 | €16,442 | €7,380 | -€9,062 | -55.1% |
| Accrued charges and deferred income | 492/3 | - | €783 | +€783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,458 | €6,281 | +€823 | +15.1% |
| Other operating charges | 640/8 | €621 | €422 | -€199 | -32.1% |
| Gross operating margin | 9900 | €64,074 | €64,139 | +€65 | +0.1% |
| Operating profit (loss) | 9901 | €57,994 | €57,436 | -€559 | -1.0% |
| Financial income | 75/76B | €7,524 | €5,638 | -€1,887 | -25.1% |
| Recurring financial income | 75 | €7,524 | €5,638 | -€1,887 | -25.1% |
| Financial charges | 65/66B | €3,387 | €2,449 | -€938 | -27.7% |
| Recurring financial charges | 65 | €3,387 | €2,449 | -€938 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €62,132 | €60,624 | -€1,508 | -2.4% |
| Income taxes | 67/77 | €21,466 | €17,981 | -€3,485 | -16.2% |
| Profit (loss) for the period | 9904 | €40,666 | €42,643 | +€1,977 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,666 | €42,643 | +€1,977 | +4.9% |
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 10 October 2026 via checked.be.