Vercammen Construct: 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.
Vercammen Construct
Largest movements
- Receivables within one year +€22,601
up €22,601 (+342.1%), from €6,606 to €29,207
of which Trade receivables: +€20,384
- Stocks and contracts -€16,650
down €16,650 (-89.3%), from €18,650 to €2,000
of which Stocks: -€9,150
- Tangible fixed assets -€1,798
down €1,798 (-37.6%), from €4,783 to €2,985
of which Plant, machinery and equipment: -€1,188
- Intangible fixed assets -€1,391
down €1,391 (-56.3%), from €2,470 to €1,079
- Profit (loss) carried forward +€9,989
up €9,989 (+55.5%), from -€17,983 to -€7,994
- Tax, wage and social debts -€3,021
down €3,021 (-46.9%), from €6,436 to €3,415
- Other debts -€2,516
down €2,516 (-93.3%), from €2,698 to €181
- Trade debts -€965
down €965 (-13.3%), from €7,231 to €6,267
- Current portion of long-term debt -€643
down €643 (-6.7%), from €9,643 to €9,000
- Gross operating margin +€10,289
up €10,289 (+57.6%), from €17,868 to €28,158
- Depreciation -€3,105
down €3,105 (-49.3%), from €6,294 to €3,189
- Financial charges +€3,084
up €3,084 (+33.7%), from €9,143 to €12,228
- Taxes +€2,368
up €2,368 (+1039.5%), from €228 to €2,595
- Other operating charges -€535
down €535 (-76.0%), from €703 to €169
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 | €32,780 | €35,499 | +€2,719 | +8.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,253 | €4,064 | -€3,189 | -44.0% |
| Intangible fixed assets | 21 | €2,470 | €1,079 | -€1,391 | -56.3% |
| Tangible fixed assets | 22/27 | €4,783 | €2,985 | -€1,798 | -37.6% |
| Plant, machinery and equipment | 23 | €2,426 | €1,238 | -€1,188 | -49.0% |
| Furniture and vehicles | 24 | €369 | €0 | -€369 | -100.0% |
| Other tangible fixed assets | 26 | €1,988 | €1,747 | -€241 | -12.1% |
| Current assets | 29/58 | €25,528 | €31,435 | +€5,907 | +23.1% |
| Stocks and contracts in progress | 3 | €18,650 | €2,000 | -€16,650 | -89.3% |
| Stocks | 30/36 | €11,150 | €2,000 | -€9,150 | -82.1% |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €6,606 | €29,207 | +€22,601 | +342.1% |
| Trade receivables | 40 | €6,606 | €26,990 | +€20,384 | +308.6% |
| Other amounts receivable | 41 | - | €2,217 | +€2,217 | |
| Cash at bank and in hand | 54/58 | €80 | €27 | -€54 | -66.6% |
| Deferred charges and accrued income | 490/1 | €192 | €201 | +€9 | +4.9% |
| Total equity and liabilities | 10/49 | €32,780 | €35,499 | +€2,719 | +8.3% |
| Equity | 10/15 | -€5,618 | €4,371 | +€9,989 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,166 | €6,166 | = | 0.0% |
| Distributable reserves | 133 | €6,166 | €6,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,983 | -€7,994 | +€9,989 | +55.5% |
| Amounts payable | 17/49 | €38,398 | €31,128 | -€7,270 | -18.9% |
| Amounts payable within one year | 42/48 | €38,398 | €31,128 | -€7,270 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €9,643 | €9,000 | -€643 | -6.7% |
| Financial debts | 43 | €12,390 | €12,264 | -€126 | -1.0% |
| Credit institutions | 430/8 | €12,390 | €12,264 | -€126 | -1.0% |
| Trade debts | 44 | €7,231 | €6,267 | -€965 | -13.3% |
| Suppliers | 440/4 | €7,231 | €6,267 | -€965 | -13.3% |
| Taxes, remuneration and social security | 45 | €6,436 | €3,415 | -€3,021 | -46.9% |
| Taxes | 450/3 | €6,436 | €3,415 | -€3,021 | -46.9% |
| Other amounts payable | 47/48 | €2,698 | €181 | -€2,516 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,294 | €3,189 | -€3,105 | -49.3% |
| Other operating charges | 640/8 | €703 | €169 | -€535 | -76.0% |
| Gross operating margin | 9900 | €17,868 | €28,158 | +€10,289 | +57.6% |
| Operating profit (loss) | 9901 | €10,871 | €24,801 | +€13,929 | +128.1% |
| Financial income | 75/76B | €9 | €11 | +€2 | +28.1% |
| Recurring financial income | 75 | €9 | €11 | +€2 | +28.1% |
| Financial charges | 65/66B | €9,143 | €12,228 | +€3,084 | +33.7% |
| Recurring financial charges | 65 | €9,143 | €12,228 | +€3,084 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €1,737 | €12,584 | +€10,847 | +624.5% |
| Income taxes | 67/77 | €228 | €2,595 | +€2,368 | +1039.5% |
| Profit (loss) for the period | 9904 | €1,509 | €9,989 | +€8,480 | +561.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,509 | €9,989 | +€8,480 | +561.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.