VERCAMMEN- VAN GEYTE: what changed
Two financial 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- VAN GEYTE
Largest movements
- Cash +€129,578
up €129,578 (+23.7%), from €546,122 to €675,700
mainly Net result for the year (+€103,230) and Advances received (+€39,974)
- Tangible fixed assets -€13,949
down €13,949 (-30.9%), from €45,210 to €31,262
of which Furniture and vehicles: -€8,749
- Reserves +€103,230
up €103,230 (+18.0%), from €572,858 to €676,089
- Other debts -€59,392
down €59,392 (-89.0%), from €66,739 to €7,347
- Advances received +€39,974
new in 2025: €39,974
- Trade debts +€13,519
up €13,519 (+17.6%), from €76,645 to €90,164
- Write-downs -€18,528
down €18,528 (-88.5%), from €20,929 to €2,401
- Taxes +€12,706
up €12,706 (+41.9%), from €30,297 to €43,004
- Staff costs -€11,931
down €11,931 (-14.1%), from €84,457 to €72,526
- Gross operating margin +€10,724
up €10,724 (+4.7%), from €229,559 to €240,283
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.
Derived cash bridge
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 | €744,217 | €846,595 | +€102,378 | +13.8% |
| Fixed assets | 21/28 | €46,410 | €32,462 | -€13,949 | -30.1% |
| Tangible fixed assets | 22/27 | €45,210 | €31,262 | -€13,949 | -30.9% |
| Plant, machinery and equipment | 23 | €18,620 | €13,420 | -€5,200 | -27.9% |
| Furniture and vehicles | 24 | €26,590 | €17,841 | -€8,749 | -32.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €697,807 | €814,134 | +€116,327 | +16.7% |
| Stocks and contracts in progress | 3 | €17,900 | €9,650 | -€8,250 | -46.1% |
| Stocks | 30/36 | €17,900 | €9,650 | -€8,250 | -46.1% |
| Amounts receivable within one year | 40/41 | €116,729 | €112,079 | -€4,650 | -4.0% |
| Trade receivables | 40 | €103,323 | €101,940 | -€1,382 | -1.3% |
| Other amounts receivable | 41 | €13,406 | €10,139 | -€3,268 | -24.4% |
| Cash at bank and in hand | 54/58 | €546,122 | €675,700 | +€129,578 | +23.7% |
| Deferred charges and accrued income | 490/1 | €17,055 | €16,704 | -€351 | -2.1% |
| Total equity and liabilities | 10/49 | €744,217 | €846,595 | +€102,378 | +13.8% |
| Equity | 10/15 | €579,058 | €682,289 | +€103,230 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €572,858 | €676,089 | +€103,230 | +18.0% |
| Distributable reserves | 133 | €572,858 | €676,089 | +€103,230 | +18.0% |
| Amounts payable | 17/49 | €165,159 | €164,307 | -€852 | -0.5% |
| Amounts payable within one year | 42/48 | €165,159 | €164,307 | -€852 | -0.5% |
| Trade debts | 44 | €76,645 | €90,164 | +€13,519 | +17.6% |
| Suppliers | 440/4 | €76,645 | €90,164 | +€13,519 | +17.6% |
| Advances received on contracts in progress | 46 | - | €39,974 | +€39,974 | |
| Taxes, remuneration and social security | 45 | €21,775 | €26,822 | +€5,047 | +23.2% |
| Taxes | 450/3 | €21,775 | €26,703 | +€4,928 | +22.6% |
| Remuneration and social security | 454/9 | - | €119 | +€119 | |
| Other amounts payable | 47/48 | €66,739 | €7,347 | -€59,392 | -89.0% |
| Remuneration, social security and pensions | 62 | €84,457 | €72,526 | -€11,931 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,636 | €16,893 | +€257 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,929 | €2,401 | -€18,528 | -88.5% |
| Other operating charges | 640/8 | €1,394 | €1,433 | +€39 | +2.8% |
| Gross operating margin | 9900 | €229,559 | €240,283 | +€10,724 | +4.7% |
| Operating profit (loss) | 9901 | €106,144 | €147,030 | +€40,887 | +38.5% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €519 | €820 | +€301 | +58.0% |
| Recurring financial charges | 65 | €519 | €820 | +€301 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €105,625 | €146,234 | +€40,609 | +38.4% |
| Income taxes | 67/77 | €30,297 | €43,004 | +€12,706 | +41.9% |
| Profit (loss) for the period | 9904 | €75,327 | €103,230 | +€27,903 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,327 | €103,230 | +€27,903 | +37.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.