VERCAMMEN SAFETY: what changed
VERCAMMEN SAFETY
Largest movements
- Tangible fixed assets +€432,312
up €432,312 (+188%), from €229,450 to €661,761
of which Land and buildings: +€346,374
- Receivables within one year -€160,735
down €160,735 (-20.9%), from €768,256 to €607,522
of which Trade receivables: -€175,088
- Current investments -€125,000
down €125,000 (-100%), from €125,000 to €0
- Cash -€56,477
down €56,477 (-40.5%), from €139,353 to €82,875
mainly Investment in fixed assets (net) (-€457,190) and Contributions, distributions and other (-€147,290)
- Trade debts +€57,688
up €57,688 (+133%), from €43,345 to €101,033
- Tax, wage and social debts +€42,578
up €42,578 (+268%), from €15,863 to €58,441
of which Taxes: +€39,640
- Reserves -€29,639
down €29,639 (-3.1%), from €960,423 to €930,784
of which Distributable reserves: -€29,639
- Other debts +€19,998
up €19,998 (+15.6%), from €128,192 to €148,190
- Gross operating margin -€38,650
down €38,650 (-17.1%), from €226,425 to €187,774
- Other operating charges -€34,122
down €34,122 (-74.2%), from €45,976 to €11,854
- Depreciation +€22,378
up €22,378 (+895%), from €2,500 to €24,878
- Taxes -€18,408
down €18,408 (-33.7%), from €54,656 to €36,248
- Financial income -€3,969
down €3,969 (-49.6%), from €8,000 to €4,031
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,135 | €1,458,760 | +€90,625 | +6.6% |
| Fixed assets | 21/28 | €335,526 | €767,838 | +€432,312 | +129% |
| Tangible fixed assets | 22/27 | €229,450 | €661,761 | +€432,312 | +188% |
| Land and buildings | 22 | €226,909 | €573,282 | +€346,374 | +153% |
| Furniture and vehicles | 24 | €2,541 | €88,479 | +€85,938 | +3,382% |
| Financial fixed assets | 28 | €106,076 | €106,076 | = | 0.0% |
| Current assets | 29/58 | €1,032,609 | €690,923 | -€341,686 | -33.1% |
| Amounts receivable within one year | 40/41 | €768,256 | €607,522 | -€160,735 | -20.9% |
| Trade receivables | 40 | €760,657 | €585,570 | -€175,088 | -23.0% |
| Other amounts receivable | 41 | €7,599 | €21,952 | +€14,353 | +189% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100% |
| Cash at bank and in hand | 54/58 | €139,353 | €82,875 | -€56,477 | -40.5% |
| Deferred charges and accrued income | 490/1 | - | €526 | +€526 | |
| Total equity and liabilities | 10/49 | €1,368,135 | €1,458,760 | +€90,625 | +6.6% |
| Equity | 10/15 | €1,180,735 | €1,151,096 | -€29,639 | -2.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €960,423 | €930,784 | -€29,639 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €954,223 | €924,584 | -€29,639 | -3.1% |
| Profit (loss) carried forward | 14 | €158,313 | €158,313 | = | 0.0% |
| Amounts payable | 17/49 | €187,400 | €307,664 | +€120,264 | +64.2% |
| Amounts payable within one year | 42/48 | €187,400 | €307,664 | +€120,264 | +64.2% |
| Trade debts | 44 | €43,345 | €101,033 | +€57,688 | +133% |
| Suppliers | 440/4 | €43,345 | €101,033 | +€57,688 | +133% |
| Taxes, remuneration and social security | 45 | €15,863 | €58,441 | +€42,578 | +268% |
| Taxes | 450/3 | €15,863 | €55,503 | +€39,640 | +250% |
| Remuneration and social security | 454/9 | €0 | €2,938 | +€2,938 | |
| Other amounts payable | 47/48 | €128,192 | €148,190 | +€19,998 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €24,878 | +€22,378 | +895% |
| Other operating charges | 640/8 | €45,976 | €11,854 | -€34,122 | -74.2% |
| Gross operating margin | 9900 | €226,425 | €187,774 | -€38,650 | -17.1% |
| Operating profit (loss) | 9901 | €177,949 | €151,042 | -€26,907 | -15.1% |
| Financial income | 75/76B | €8,000 | €4,031 | -€3,969 | -49.6% |
| Recurring financial income | 75 | €8,000 | €4,031 | -€3,969 | -49.6% |
| Financial charges | 65/66B | €2,179 | €1,174 | -€1,005 | -46.1% |
| Recurring financial charges | 65 | €2,179 | €1,174 | -€1,005 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €183,770 | €153,899 | -€29,871 | -16.3% |
| Income taxes | 67/77 | €54,656 | €36,248 | -€18,408 | -33.7% |
| Profit (loss) for the period | 9904 | €129,114 | €117,651 | -€11,463 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,114 | €117,651 | -€11,463 | -8.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.