VERCAR: 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.
VERCAR
Largest movements
- Current investments +€12,000
up €12,000 (+22.4%), from €53,540 to €65,540
- Cash +€11,979
up €11,979 (+12.5%), from €96,209 to €108,188
mainly Net result for the year (+€43,479) and Short-term financial debts (+€4,843)
- Profit (loss) carried forward +€43,479
up €43,479 (+11.0%), from €394,418 to €437,897
- Debts after one year -€20,491
down €20,491 (-15.1%), from €135,451 to €114,960
- Financial income +€2,686
up €2,686 (+1316.8%), from €204 to €2,890
- Taxes +€1,974
up €1,974 (+14.4%), from €13,675 to €15,649
- Financial charges -€1,010
down €1,010 (-25.7%), from €3,928 to €2,918
- Gross operating margin +€847
up €847 (+1.4%), from €61,179 to €62,025
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 | €805,615 | €828,698 | +€23,083 | +2.9% |
| Fixed assets | 21/28 | €611,131 | €611,131 | = | 0.0% |
| Tangible fixed assets | 22/27 | €536,763 | €536,763 | = | 0.0% |
| Land and buildings | 22 | €450,333 | €450,333 | = | 0.0% |
| Other tangible fixed assets | 26 | €86,430 | €86,430 | = | 0.0% |
| Financial fixed assets | 28 | €74,368 | €74,368 | = | 0.0% |
| Current assets | 29/58 | €194,485 | €217,568 | +€23,083 | +11.9% |
| Amounts receivable within one year | 40/41 | €44,736 | €43,840 | -€896 | -2.0% |
| Other amounts receivable | 41 | €44,736 | €43,840 | -€896 | -2.0% |
| Current investments | 50/53 | €53,540 | €65,540 | +€12,000 | +22.4% |
| Cash at bank and in hand | 54/58 | €96,209 | €108,188 | +€11,979 | +12.5% |
| Total equity and liabilities | 10/49 | €805,615 | €828,698 | +€23,083 | +2.9% |
| Equity | 10/15 | €626,199 | €669,678 | +€43,479 | +6.9% |
| Contributions | 10/11 | €210,710 | €210,710 | = | 0.0% |
| Outside capital | 11 | €210,710 | €210,710 | = | 0.0% |
| Other | 1109/19 | €210,710 | €210,710 | = | 0.0% |
| Reserves | 13 | €21,071 | €21,071 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,071 | €21,071 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,071 | €21,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,418 | €437,897 | +€43,479 | +11.0% |
| Amounts payable | 17/49 | €179,417 | €159,021 | -€20,396 | -11.4% |
| Amounts payable after more than one year | 17 | €135,451 | €114,960 | -€20,491 | -15.1% |
| Financial debts | 170/4 | €135,451 | €114,960 | -€20,491 | -15.1% |
| Amounts payable within one year | 42/48 | €43,966 | €44,061 | +€95 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €25,239 | €20,491 | -€4,748 | -18.8% |
| Financial debts | 43 | - | €4,843 | +€4,843 | |
| Credit institutions | 430/8 | - | €4,843 | +€4,843 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,727 | €18,727 | = | 0.0% |
| Other operating charges | 640/8 | €2,394 | €2,870 | +€476 | +19.9% |
| Gross operating margin | 9900 | €61,179 | €62,025 | +€847 | +1.4% |
| Operating profit (loss) | 9901 | €58,785 | €59,155 | +€371 | +0.6% |
| Financial income | 75/76B | €204 | €2,890 | +€2,686 | +1316.8% |
| Recurring financial income | 75 | €204 | €2,890 | +€2,686 | +1316.8% |
| Financial charges | 65/66B | €3,928 | €2,918 | -€1,010 | -25.7% |
| Recurring financial charges | 65 | €3,928 | €2,918 | -€1,010 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €55,061 | €59,128 | +€4,067 | +7.4% |
| Income taxes | 67/77 | €13,675 | €15,649 | +€1,974 | +14.4% |
| Profit (loss) for the period | 9904 | €41,386 | €43,479 | +€2,093 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,386 | €43,479 | +€2,093 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.