Vercam Trade: what changed
What changed
Vercam Trade
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€37,274
2024 · €188,656-€225,930
Equity
-€218,704
2024 · -€181,430-€37,274
Cash
€15,510
2024 · €1,327+€14,183
Balance sheet total
€1.4m
2024 · €1.4m-€1,533
Largest movements
Assets
- Cash +€14,183
up €14,183 (+1,069%), from €1,327 to €15,510
mainly Other debts (+€27,048) and Stocks and contracts (+€13,804)
- Stocks and contracts -€13,804
down €13,804 (-1.1%), from €1.2m to €1.2m
Equity and liabilities
- Profit (loss) carried forward -€37,274
down €37,274 (-20.0%), from -€186,430 to -€223,704
- Other debts +€27,048
up €27,048 (+2.0%), from €1.4m to €1.4m
Income statement
- Gross operating margin -€224,388
down €224,388, from €193,846 to -€30,542
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.
Result 2024
€188,656
Gross operating margin
-€224,388
Depreciation
-€78
Other operating charges
-€1,649
Financial income
-€2
Financial charges
-€36
Taxes
+€223
Result 2025
-€37,274
raises the resultlowers the result
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.
From operations
+€14,183
Investment
€0
Financing
€0
Cash 2024
€1,327
From operations (derived)
+€14,183
Net result for the year
-€37,274
Depreciation
+€2,144
Stocks and contracts
+€13,804
Receivables within one year
-€232
Trade debts
+€7,287
Tax, wage and social debts
+€1,406
Other debts
+€27,048
Cash 2025
€15,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,378,031 | €1,376,498 | -€1,533 | -0.1% |
| Fixed assets | 21/28 | €11,895 | €9,752 | -€2,144 | -18.0% |
| Tangible fixed assets | 22/27 | €11,895 | €9,752 | -€2,144 | -18.0% |
| Plant, machinery and equipment | 23 | €8,494 | €6,768 | -€1,726 | -20.3% |
| Furniture and vehicles | 24 | €1,105 | €687 | -€418 | -37.8% |
| Other tangible fixed assets | 26 | €2,297 | €2,297 | = | 0.0% |
| Current assets | 29/58 | €1,366,135 | €1,366,746 | +€610 | 0.0% |
| Stocks and contracts in progress | 3 | €1,221,237 | €1,207,433 | -€13,804 | -1.1% |
| Stocks | 30/36 | €1,221,237 | €1,207,433 | -€13,804 | -1.1% |
| Amounts receivable within one year | 40/41 | €143,572 | €143,803 | +€232 | +0.2% |
| Trade receivables | 40 | €86,657 | €77,621 | -€9,035 | -10.4% |
| Other amounts receivable | 41 | €56,915 | €66,182 | +€9,267 | +16.3% |
| Cash at bank and in hand | 54/58 | €1,327 | €15,510 | +€14,183 | +1,069% |
| Total equity and liabilities | 10/49 | €1,378,031 | €1,376,498 | -€1,533 | -0.1% |
| Equity | 10/15 | -€181,430 | -€218,704 | -€37,274 | -20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,430 | -€223,704 | -€37,274 | -20.0% |
| Amounts payable | 17/49 | €1,559,461 | €1,595,202 | +€35,741 | +2.3% |
| Amounts payable within one year | 42/48 | €1,559,461 | €1,595,202 | +€35,741 | +2.3% |
| Trade debts | 44 | €177,334 | €184,620 | +€7,287 | +4.1% |
| Suppliers | 440/4 | €177,334 | €184,620 | +€7,287 | +4.1% |
| Taxes, remuneration and social security | 45 | €1,772 | €3,178 | +€1,406 | +79.4% |
| Taxes | 450/3 | €1,772 | €3,178 | +€1,406 | +79.4% |
| Other amounts payable | 47/48 | €1,380,356 | €1,407,404 | +€27,048 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €2,144 | +€78 | +3.8% |
| Other operating charges | 640/8 | €1,128 | €2,776 | +€1,649 | +146% |
| Gross operating margin | 9900 | €193,846 | -€30,542 | -€224,388 | |
| Operating profit (loss) | 9901 | €190,653 | -€35,461 | -€226,114 | |
| Financial income | 75/76B | €3 | €0 | -€2 | -94.8% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -94.8% |
| Financial charges | 65/66B | €370 | €406 | +€36 | +9.7% |
| Recurring financial charges | 65 | €370 | €406 | +€36 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €190,285 | -€35,868 | -€226,152 | |
| Income taxes | 67/77 | €1,629 | €1,406 | -€223 | -13.7% |
| Profit (loss) for the period | 9904 | €188,656 | -€37,274 | -€225,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,656 | -€37,274 | -€225,930 |
Next steps
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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 3 November 2026 via checked.be.