Vercambre: 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.
Vercambre
Largest movements
- Cash +€14,605
up €14,605 (+21.0%), from €69,616 to €84,221
mainly Net result for the year (+€10,998) and Other debts (+€9,107)
- Reserves +€10,998
up €10,998 (+17.7%), from €62,121 to €73,118
- Other debts +€9,107
up €9,107, from €0 to €9,107
- Tax, wage and social debts -€5,028
down €5,028 (-34.5%), from €14,584 to €9,555
- Gross operating margin -€27,028
down €27,028 (-64.6%), from €41,818 to €14,790
- Taxes -€5,359
down €5,359 (-61.8%), from €8,672 to €3,313
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 | €79,218 | €93,780 | +€14,562 | +18.4% |
| Current assets | 29/58 | €79,218 | €93,780 | +€14,562 | +18.4% |
| Amounts receivable within one year | 40/41 | €9,602 | €9,559 | -€43 | -0.4% |
| Trade receivables | 40 | €8,470 | €9,559 | +€1,089 | +12.9% |
| Other amounts receivable | 41 | €1,132 | €0 | -€1,132 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,616 | €84,221 | +€14,605 | +21.0% |
| Total equity and liabilities | 10/49 | €79,218 | €93,780 | +€14,562 | +18.4% |
| Equity | 10/15 | €64,121 | €75,118 | +€10,998 | +17.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,121 | €73,118 | +€10,998 | +17.7% |
| Distributable reserves | 133 | €62,121 | €73,118 | +€10,998 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €15,097 | €18,662 | +€3,565 | +23.6% |
| Amounts payable within one year | 42/48 | €15,097 | €18,662 | +€3,565 | +23.6% |
| Trade debts | 44 | €514 | €0 | -€514 | -100.0% |
| Suppliers | 440/4 | €514 | €0 | -€514 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,584 | €9,555 | -€5,028 | -34.5% |
| Taxes | 450/3 | €14,584 | €9,555 | -€5,028 | -34.5% |
| Other amounts payable | 47/48 | €0 | €9,107 | +€9,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €300 | €441 | +€141 | +46.8% |
| Gross operating margin | 9900 | €41,818 | €14,790 | -€27,028 | -64.6% |
| Operating profit (loss) | 9901 | €41,518 | €14,350 | -€27,168 | -65.4% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €91 | €58 | -€34 | -37.1% |
| Recurring financial charges | 65 | €91 | €58 | -€34 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €41,427 | €14,310 | -€27,116 | -65.5% |
| Income taxes | 67/77 | €8,672 | €3,313 | -€5,359 | -61.8% |
| Profit (loss) for the period | 9904 | €32,755 | €10,998 | -€21,757 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,755 | €10,998 | -€21,757 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.