VERCAPRO: 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.
VERCAPRO
Largest movements
- Cash -€49,160
down €49,160 (-52.4%), from €93,737 to €44,577
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€17,981)
- Receivables within one year +€17,981
up €17,981 (+112.5%), from €15,988 to €33,969
of which Trade receivables: +€12,539
- Deferred charges and accrued income -€5,216
no longer reported in 2024 (was €5,216)
- Tangible fixed assets +€3,697
up €3,697 (+29.3%), from €12,615 to €16,312
of which Furniture and vehicles: +€3,720
- Reserves -€47,762
down €47,762 (-59.4%), from €80,343 to €32,581
of which Distributable reserves: -€47,762
- Trade debts +€17,362
up €17,362 (+1326.6%), from €1,309 to €18,671
- Other debts -€3,618
down €3,618 (-53.7%), from €6,732 to €3,114
- Tax, wage and social debts +€2,536
up €2,536 (+13.1%), from €19,356 to €21,892
- Gross operating margin -€21,986
down €21,986 (-23.3%), from €94,291 to €72,305
- Taxes +€2,346
up €2,346 (+18.6%), from €12,584 to €14,930
- Staff costs -€1,920
no longer reported in 2024 (was €1,920)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,555 | €94,858 | -€32,697 | -25.6% |
| Fixed assets | 21/28 | €12,615 | €16,312 | +€3,697 | +29.3% |
| Tangible fixed assets | 22/27 | €12,615 | €16,312 | +€3,697 | +29.3% |
| Plant, machinery and equipment | 23 | €2,185 | €2,953 | +€768 | +35.1% |
| Furniture and vehicles | 24 | €7,504 | €11,224 | +€3,720 | +49.6% |
| Other tangible fixed assets | 26 | €2,926 | €2,135 | -€791 | -27.0% |
| Current assets | 29/58 | €114,940 | €78,546 | -€36,394 | -31.7% |
| Amounts receivable within one year | 40/41 | €15,988 | €33,969 | +€17,981 | +112.5% |
| Trade receivables | 40 | €15,988 | €28,527 | +€12,539 | +78.4% |
| Other amounts receivable | 41 | €0 | €5,442 | +€5,442 | |
| Cash at bank and in hand | 54/58 | €93,737 | €44,577 | -€49,160 | -52.4% |
| Deferred charges and accrued income | 490/1 | €5,216 | - | -€5,216 | |
| Total equity and liabilities | 10/49 | €127,555 | €94,858 | -€32,697 | -25.6% |
| Equity | 10/15 | €98,943 | €51,181 | -€47,762 | -48.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,343 | €32,581 | -€47,762 | -59.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €80,343 | €32,581 | -€47,762 | -59.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €28,613 | €43,677 | +€15,064 | +52.6% |
| Amounts payable within one year | 42/48 | €27,397 | €43,677 | +€16,280 | +59.4% |
| Trade debts | 44 | €1,309 | €18,671 | +€17,362 | +1326.6% |
| Suppliers | 440/4 | €1,309 | €18,671 | +€17,362 | +1326.6% |
| Taxes, remuneration and social security | 45 | €19,356 | €21,892 | +€2,536 | +13.1% |
| Taxes | 450/3 | €19,356 | €21,892 | +€2,536 | +13.1% |
| Other amounts payable | 47/48 | €6,732 | €3,114 | -€3,618 | -53.7% |
| Accrued charges and deferred income | 492/3 | €1,216 | - | -€1,216 | |
| Remuneration, social security and pensions | 62 | €1,920 | - | -€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €2,939 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,137 | €1,213 | +€76 | +6.7% |
| Gross operating margin | 9900 | €94,291 | €72,305 | -€21,986 | -23.3% |
| Operating profit (loss) | 9901 | €88,294 | €68,153 | -€20,141 | -22.8% |
| Financial income | 75/76B | €6 | €1 | -€5 | -83.5% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -83.5% |
| Financial charges | 65/66B | €202 | €986 | +€784 | +388.1% |
| Recurring financial charges | 65 | €202 | €986 | +€784 | +388.1% |
| Profit (loss) for the period before taxes | 9903 | €88,098 | €67,168 | -€20,930 | -23.8% |
| Income taxes | 67/77 | €12,584 | €14,930 | +€2,346 | +18.6% |
| Profit (loss) for the period | 9904 | €75,514 | €52,238 | -€23,276 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,514 | €52,238 | -€23,276 | -30.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.