VERCALA: 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.
VERCALA
Largest movements
- Tangible fixed assets +€67,928
up €67,928 (+676.5%), from €10,041 to €77,969
of which Furniture and vehicles: +€69,773
- Cash -€10,245
down €10,245 (-8.7%), from €117,943 to €107,698
mainly Investment in fixed assets (net) (-€81,879) and Tax, wage and social debts (-€15,078)
- Reserves +€47,183
up €47,183 (+44.7%), from €105,662 to €152,845
- Tax, wage and social debts -€15,078
down €15,078 (-60.6%), from €24,871 to €9,793
- Current portion of long-term debt +€12,606
new in 2025: €12,606
- Other debts +€9,384
up €9,384 (+1184.0%), from €793 to €10,176
- Debts after one year +€4,350
new in 2025: €4,350
- Depreciation +€11,650
up €11,650 (+506.3%), from €2,301 to €13,950
- Gross operating margin -€9,830
down €9,830 (-9.8%), from €100,346 to €90,515
- Taxes -€4,572
down €4,572 (-15.7%), from €29,047 to €24,475
- Other operating charges +€1,712
up €1,712 (+219.4%), from €780 to €2,492
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 | €156,599 | €216,198 | +€59,599 | +38.1% |
| Fixed assets | 21/28 | €10,041 | €77,969 | +€67,928 | +676.5% |
| Tangible fixed assets | 22/27 | €10,041 | €77,969 | +€67,928 | +676.5% |
| Plant, machinery and equipment | 23 | €8,698 | €6,853 | -€1,845 | -21.2% |
| Furniture and vehicles | 24 | €1,343 | €71,116 | +€69,773 | +5194.6% |
| Current assets | 29/58 | €146,559 | €138,229 | -€8,329 | -5.7% |
| Amounts receivable within one year | 40/41 | €27,971 | €28,573 | +€602 | +2.2% |
| Trade receivables | 40 | €22,971 | €27,679 | +€4,709 | +20.5% |
| Other amounts receivable | 41 | €5,000 | €894 | -€4,106 | -82.1% |
| Cash at bank and in hand | 54/58 | €117,943 | €107,698 | -€10,245 | -8.7% |
| Deferred charges and accrued income | 490/1 | €645 | €1,959 | +€1,313 | +203.6% |
| Total equity and liabilities | 10/49 | €156,599 | €216,198 | +€59,599 | +38.1% |
| Equity | 10/15 | €127,662 | €174,845 | +€47,183 | +37.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €105,662 | €152,845 | +€47,183 | +44.7% |
| Distributable reserves | 133 | €105,662 | €152,845 | +€47,183 | +44.7% |
| Amounts payable | 17/49 | €28,938 | €41,354 | +€12,416 | +42.9% |
| Amounts payable after more than one year | 17 | - | €4,350 | +€4,350 | |
| Financial debts | 170/4 | - | €4,350 | +€4,350 | |
| Amounts payable within one year | 42/48 | €28,938 | €37,004 | +€8,066 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,606 | +€12,606 | |
| Trade debts | 44 | €3,275 | €4,428 | +€1,154 | +35.2% |
| Suppliers | 440/4 | €3,275 | €4,428 | +€1,154 | +35.2% |
| Taxes, remuneration and social security | 45 | €24,871 | €9,793 | -€15,078 | -60.6% |
| Taxes | 450/3 | €24,871 | €9,793 | -€15,078 | -60.6% |
| Other amounts payable | 47/48 | €793 | €10,176 | +€9,384 | +1184.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,301 | €13,950 | +€11,650 | +506.3% |
| Other operating charges | 640/8 | €780 | €2,492 | +€1,712 | +219.4% |
| Gross operating margin | 9900 | €100,346 | €90,515 | -€9,830 | -9.8% |
| Operating profit (loss) | 9901 | €97,265 | €74,073 | -€23,192 | -23.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,967 | €2,415 | +€448 | +22.8% |
| Recurring financial charges | 65 | €1,967 | €2,415 | +€448 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €95,297 | €71,658 | -€23,640 | -24.8% |
| Income taxes | 67/77 | €29,047 | €24,475 | -€4,572 | -15.7% |
| Profit (loss) for the period | 9904 | €66,250 | €47,183 | -€19,068 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,250 | €47,183 | -€19,068 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.