Vercaigne Nicolas: what changed
Vercaigne Nicolas
Largest movements
- Cash +€22,926
up €22,926 (+124%), from €18,436 to €41,362
mainly Receivables within one year (+€21,492) and Depreciation (+€8,178)
- Receivables within one year -€21,492
down €21,492 (-37.1%), from €57,917 to €36,425
of which Trade receivables: -€20,163
- Tangible fixed assets -€8,178
down €8,178 (-34.5%), from €23,721 to €15,544
of which Furniture and vehicles: -€7,566
- Deferred charges and accrued income +€1,470
up €1,470 (+84.1%), from €1,747 to €3,217
- Debts after one year -€6,538
down €6,538 (-49.0%), from €13,333 to €6,795
- Tax, wage and social debts -€5,206
down €5,206 (-79.2%), from €6,578 to €1,371
- Profit (loss) carried forward +€4,806
up €4,806 (+10.7%), from -€44,871 to -€40,065
- Gross operating margin -€4,055
down €4,055 (-22.8%), from €17,817 to €13,762
- Financial income +€1,001
up €1,001 (+172%), from €582 to €1,583
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 | €102,370 | €96,548 | -€5,822 | -5.7% |
| Fixed assets | 21/28 | €23,721 | €15,544 | -€8,178 | -34.5% |
| Tangible fixed assets | 22/27 | €23,721 | €15,544 | -€8,178 | -34.5% |
| Land and buildings | 22 | €126 | €84 | -€42 | -33.3% |
| Plant, machinery and equipment | 23 | €1,043 | €473 | -€570 | -54.6% |
| Furniture and vehicles | 24 | €22,552 | €14,987 | -€7,566 | -33.5% |
| Current assets | 29/58 | €78,649 | €81,004 | +€2,356 | +3.0% |
| Stocks and contracts in progress | 3 | €548 | €0 | -€548 | -100% |
| Stocks | 30/36 | €548 | €0 | -€548 | -100% |
| Amounts receivable within one year | 40/41 | €57,917 | €36,425 | -€21,492 | -37.1% |
| Trade receivables | 40 | €42,382 | €22,220 | -€20,163 | -47.6% |
| Other amounts receivable | 41 | €15,535 | €14,205 | -€1,330 | -8.6% |
| Cash at bank and in hand | 54/58 | €18,436 | €41,362 | +€22,926 | +124% |
| Deferred charges and accrued income | 490/1 | €1,747 | €3,217 | +€1,470 | +84.1% |
| Total equity and liabilities | 10/49 | €102,370 | €96,548 | -€5,822 | -5.7% |
| Equity | 10/15 | €71,016 | €75,821 | +€4,806 | +6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €97,295 | €97,295 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,934 | €14,934 | = | 0.0% |
| Distributable reserves | 133 | €82,360 | €82,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,871 | -€40,065 | +€4,806 | +10.7% |
| Amounts payable | 17/49 | €31,354 | €20,727 | -€10,628 | -33.9% |
| Amounts payable after more than one year | 17 | €13,333 | €6,795 | -€6,538 | -49.0% |
| Financial debts | 170/4 | €13,333 | €6,795 | -€6,538 | -49.0% |
| Amounts payable within one year | 42/48 | €18,021 | €13,932 | -€4,089 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €6,291 | €6,538 | +€247 | +3.9% |
| Trade debts | 44 | €5,152 | €6,022 | +€870 | +16.9% |
| Suppliers | 440/4 | €5,152 | €6,022 | +€870 | +16.9% |
| Taxes, remuneration and social security | 45 | €6,578 | €1,371 | -€5,206 | -79.2% |
| Taxes | 450/3 | €6,578 | €1,371 | -€5,206 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,178 | €8,178 | = | 0.0% |
| Other operating charges | 640/8 | €1,243 | €1,328 | +€85 | +6.9% |
| Gross operating margin | 9900 | €17,817 | €13,762 | -€4,055 | -22.8% |
| Operating profit (loss) | 9901 | €8,397 | €4,256 | -€4,140 | -49.3% |
| Financial income | 75/76B | €582 | €1,583 | +€1,001 | +172% |
| Recurring financial income | 75 | €582 | €1,583 | +€1,001 | +172% |
| Financial charges | 65/66B | €1,129 | €1,034 | -€95 | -8.5% |
| Recurring financial charges | 65 | €1,129 | €1,034 | -€95 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €7,850 | €4,806 | -€3,044 | -38.8% |
| Profit (loss) for the period | 9904 | €7,850 | €4,806 | -€3,044 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,850 | €4,806 | -€3,044 | -38.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.