Vercallis: 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.
Vercallis
Largest movements
- Receivables within one year -€175,457
down €175,457 (-67.8%), from €258,809 to €83,351
of which Other amounts receivable: -€148,630
- Tangible fixed assets -€42,240
down €42,240 (-23.7%), from €178,452 to €136,212
of which Other tangible fixed assets: -€31,398
- Cash -€20,192
down €20,192 (-10.8%), from €186,563 to €166,371
mainly Net result for the year (-€115,289) and Trade debts (-€80,106)
- Profit (loss) carried forward -€115,289
down €115,289, from €0 to -€115,289
- Trade debts -€80,106
down €80,106 (-54.9%), from €145,946 to €65,840
- Debts after one year -€24,546
down €24,546 (-14.1%), from €173,753 to €149,207
- Tax, wage and social debts -€21,557
down €21,557 (-25.2%), from €85,553 to €63,996
of which Remuneration and social security: -€21,575
- Staff costs -€100,668
down €100,668 (-15.8%), from €636,949 to €536,281
- Gross operating margin -€27,988
down €27,988 (-3.9%), from €717,530 to €689,542
- Taxes -€9,142
down €9,142 (-98.4%), from €9,291 to €149
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 | €719,258 | €481,043 | -€238,215 | -33.1% |
| Fixed assets | 21/28 | €180,852 | €138,612 | -€42,240 | -23.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €178,452 | €136,212 | -€42,240 | -23.7% |
| Plant, machinery and equipment | 23 | €36,044 | €25,781 | -€10,263 | -28.5% |
| Furniture and vehicles | 24 | €7,415 | €6,836 | -€580 | -7.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €134,993 | €103,595 | -€31,398 | -23.3% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €538,406 | €342,431 | -€195,975 | -36.4% |
| Amounts receivable after more than one year | 29 | €10,243 | €10,425 | +€181 | +1.8% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €10,243 | €10,425 | +€181 | +1.8% |
| Stocks and contracts in progress | 3 | €48,987 | €46,631 | -€2,356 | -4.8% |
| Stocks | 30/36 | €48,987 | €46,631 | -€2,356 | -4.8% |
| Amounts receivable within one year | 40/41 | €258,809 | €83,351 | -€175,457 | -67.8% |
| Trade receivables | 40 | €93,901 | €67,074 | -€26,827 | -28.6% |
| Other amounts receivable | 41 | €164,908 | €16,277 | -€148,630 | -90.1% |
| Current investments | 50/53 | €29,879 | €30,155 | +€276 | +0.9% |
| Cash at bank and in hand | 54/58 | €186,563 | €166,371 | -€20,192 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,925 | €5,498 | +€1,573 | +40.1% |
| Total equity and liabilities | 10/49 | €719,258 | €481,043 | -€238,215 | -33.1% |
| Equity | 10/15 | €247,461 | €132,173 | -€115,289 | -46.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €227,461 | €227,461 | = | 0.0% |
| Distributable reserves | 133 | €227,461 | €227,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€115,289 | -€115,289 | |
| Amounts payable | 17/49 | €471,797 | €348,870 | -€122,927 | -26.1% |
| Amounts payable after more than one year | 17 | €173,753 | €149,207 | -€24,546 | -14.1% |
| Financial debts | 170/4 | €173,753 | €149,207 | -€24,546 | -14.1% |
| Amounts payable within one year | 42/48 | €294,844 | €196,464 | -€98,381 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €24,223 | €24,546 | +€324 | +1.3% |
| Financial debts | 43 | €103 | €12 | -€91 | -88.3% |
| Credit institutions | 430/8 | €103 | €12 | -€91 | -88.3% |
| Trade debts | 44 | €145,946 | €65,840 | -€80,106 | -54.9% |
| Suppliers | 440/4 | €145,946 | €65,840 | -€80,106 | -54.9% |
| Taxes, remuneration and social security | 45 | €85,553 | €63,996 | -€21,557 | -25.2% |
| Taxes | 450/3 | €17,285 | €17,303 | +€18 | +0.1% |
| Remuneration and social security | 454/9 | €68,268 | €46,693 | -€21,575 | -31.6% |
| Other amounts payable | 47/48 | €39,020 | €42,070 | +€3,049 | +7.8% |
| Accrued charges and deferred income | 492/3 | €3,200 | €3,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €636,949 | €536,281 | -€100,668 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,812 | €44,262 | -€4,551 | -9.3% |
| Other operating charges | 640/8 | €3,336 | €2,992 | -€344 | -10.3% |
| Non-recurring operating charges | 66A | - | €198,704 | +€198,704 | |
| Gross operating margin | 9900 | €717,530 | €689,542 | -€27,988 | -3.9% |
| Operating profit (loss) | 9901 | €28,433 | -€92,697 | -€121,130 | |
| Financial income | 75/76B | €3,859 | €1,368 | -€2,490 | -64.5% |
| Recurring financial income | 75 | €3,859 | €1,368 | -€2,490 | -64.5% |
| Financial charges | 65/66B | €20,864 | €23,811 | +€2,946 | +14.1% |
| Recurring financial charges | 65 | €20,864 | €23,811 | +€2,946 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €11,427 | -€115,140 | -€126,567 | |
| Income taxes | 67/77 | €9,291 | €149 | -€9,142 | -98.4% |
| Profit (loss) for the period | 9904 | €2,137 | -€115,289 | -€117,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,137 | -€115,289 | -€117,425 |
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 4 October 2026 via checked.be.