VERCAEMST TUINEN: what changed
VERCAEMST TUINEN
Largest movements
- Tangible fixed assets +€11,843
up €11,843 (+31.0%), from €38,206 to €50,050
of which Plant, machinery and equipment: +€17,963
- Receivables within one year +€8,220
up €8,220 (+19.3%), from €42,604 to €50,823
of which Trade receivables: +€14,424
- Cash -€4,998
down €4,998 (-4.8%), from €105,189 to €100,191
mainly Investment in fixed assets (net) (-€26,462) and Receivables within one year (-€8,220)
- Stocks and contracts -€4,155
down €4,155 (-39.5%), from €10,517 to €6,362
of which Contracts in progress: -€3,533
- Reserves +€6,495
up €6,495 (+5.1%), from €128,546 to €135,041
- Other debts -€5,011
down €5,011 (-24.4%), from €20,570 to €15,558
- Trade debts +€4,673
up €4,673 (+30.5%), from €15,326 to €19,999
- Current portion of long-term debt +€3,374
up €3,374 (+67.1%), from €5,029 to €8,402
- Tax, wage and social debts +€2,208
up €2,208 (+15.0%), from €14,692 to €16,900
of which Taxes: +€1,177
- Gross operating margin +€13,982
up €13,982 (+11.0%), from €127,458 to €141,441
- Staff costs +€7,010
up €7,010 (+7.2%), from €97,111 to €104,122
- Depreciation +€4,646
up €4,646 (+46.6%), from €9,973 to €14,619
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,173 | €208,083 | +€10,910 | +5.5% |
| Fixed assets | 21/28 | €38,206 | €50,050 | +€11,843 | +31.0% |
| Tangible fixed assets | 22/27 | €38,206 | €50,050 | +€11,843 | +31.0% |
| Land and buildings | 22 | €16,828 | €15,983 | -€845 | -5.0% |
| Plant, machinery and equipment | 23 | €6,062 | €24,025 | +€17,963 | +296% |
| Furniture and vehicles | 24 | €15,316 | €10,042 | -€5,274 | -34.4% |
| Current assets | 29/58 | €158,966 | €158,034 | -€933 | -0.6% |
| Stocks and contracts in progress | 3 | €10,517 | €6,362 | -€4,155 | -39.5% |
| Stocks | 30/36 | €4,017 | €3,395 | -€622 | -15.5% |
| Contracts in progress | 37 | €6,500 | €2,967 | -€3,533 | -54.4% |
| Amounts receivable within one year | 40/41 | €42,604 | €50,823 | +€8,220 | +19.3% |
| Trade receivables | 40 | €33,869 | €48,293 | +€14,424 | +42.6% |
| Other amounts receivable | 41 | €8,734 | €2,530 | -€6,204 | -71.0% |
| Cash at bank and in hand | 54/58 | €105,189 | €100,191 | -€4,998 | -4.8% |
| Deferred charges and accrued income | 490/1 | €657 | €657 | = | 0.0% |
| Total equity and liabilities | 10/49 | €197,173 | €208,083 | +€10,910 | +5.5% |
| Equity | 10/15 | €135,752 | €142,247 | +€6,495 | +4.8% |
| Contributions | 10/11 | €7,206 | €7,206 | = | 0.0% |
| Reserves | 13 | €128,546 | €135,041 | +€6,495 | +5.1% |
| Distributable reserves | 133 | €128,546 | €135,041 | +€6,495 | +5.1% |
| Amounts payable | 17/49 | €61,421 | €65,836 | +€4,415 | +7.2% |
| Amounts payable after more than one year | 17 | €5,088 | €4,001 | -€1,086 | -21.4% |
| Financial debts | 170/4 | €5,088 | €4,001 | -€1,086 | -21.4% |
| Amounts payable within one year | 42/48 | €55,617 | €60,860 | +€5,243 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €5,029 | €8,402 | +€3,374 | +67.1% |
| Trade debts | 44 | €15,326 | €19,999 | +€4,673 | +30.5% |
| Suppliers | 440/4 | €15,326 | €19,999 | +€4,673 | +30.5% |
| Taxes, remuneration and social security | 45 | €14,692 | €16,900 | +€2,208 | +15.0% |
| Taxes | 450/3 | €5,177 | €6,353 | +€1,177 | +22.7% |
| Remuneration and social security | 454/9 | €9,515 | €10,547 | +€1,032 | +10.8% |
| Other amounts payable | 47/48 | €20,570 | €15,558 | -€5,011 | -24.4% |
| Accrued charges and deferred income | 492/3 | €717 | €975 | +€258 | +36.1% |
| Non-recurring operating income | 76A | - | €7,600 | +€7,600 | |
| Remuneration, social security and pensions | 62 | €97,111 | €104,122 | +€7,010 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,973 | €14,619 | +€4,646 | +46.6% |
| Other operating charges | 640/8 | €767 | €1,676 | +€910 | +119% |
| Gross operating margin | 9900 | €127,458 | €141,441 | +€13,982 | +11.0% |
| Operating profit (loss) | 9901 | €19,607 | €21,024 | +€1,416 | +7.2% |
| Financial income | 75/76B | €86 | €87 | +€2 | +1.8% |
| Recurring financial income | 75 | €86 | €87 | +€2 | +1.8% |
| Financial charges | 65/66B | €718 | €1,315 | +€597 | +83.0% |
| Recurring financial charges | 65 | €718 | €1,315 | +€597 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €18,975 | €19,796 | +€821 | +4.3% |
| Income taxes | 67/77 | €6,266 | €5,995 | -€271 | -4.3% |
| Profit (loss) for the period | 9904 | €12,709 | €13,801 | +€1,092 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,709 | €13,801 | +€1,092 | +8.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.