VERCARO: 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.
What changed
VERCARO
NACE 01.420, Raising of other cattle and buffaloes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€320,051
2024 · €84,242+€235,809
Equity
€1.3m
2024 · €960,320+€320,051
Cash
€72,009
2024 · €59,224+€12,785
Balance sheet total
€4.5m
2024 · €4.0m+€529,397
Largest movements
Assets
- Stocks and contracts +€255,689
up €255,689 (+19.0%), from €1.3m to €1.6m
- Tangible fixed assets +€236,142
up €236,142 (+11.9%), from €2.0m to €2.2m
of which Land and buildings: +€127,146
Equity and liabilities
- Profit (loss) carried forward +€320,051
up €320,051 (+83.8%), from €381,934 to €701,985
- Trade debts +€102,312
up €102,312 (+45.6%), from €224,534 to €326,846
- Tax, wage and social debts +€67,921
up €67,921 (+217%), from €31,249 to €99,170
of which Taxes: +€72,220
- Debts after one year +€61,254
up €61,254 (+6.2%), from €981,521 to €1.0m
Income statement
- Gross operating margin +€334,814
up €334,814 (+68.9%), from €486,258 to €821,072
- Taxes +€71,195
up €71,195 (+265%), from €26,820 to €98,015
- Depreciation +€12,747
up €12,747 (+9.4%), from €135,963 to €148,710
- Other operating charges +€10,761
up €10,761 (+23.3%), from €46,123 to €56,884
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.
Result 2024
€84,242
Gross operating margin
+€334,814
Staff costs
+€1,206
Depreciation
-€12,747
Other operating charges
-€10,761
Financial income
-€0
Financial charges
-€5,507
Taxes
-€71,195
Result 2025
€320,051
raises the resultlowers the result
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.
From operations
+€290,019
Investment
-€384,852
Financing
+€107,617
Cash 2024
€59,224
From operations (derived)
+€290,019
Net result for the year
+€320,051
Depreciation
+€148,710
Stocks and contracts
-€255,689
Receivables within one year
-€9,342
Deferred charges and accrued income
-€15,439
Trade debts
+€102,312
Tax, wage and social debts
+€67,921
Other debts
-€37,277
Accrued charges and deferred income
-€31,227
Investment (derived)
-€384,852
Investment in fixed assets (net)
-€384,852
Financing
+€107,617
Debts after one year
+€61,254
Current portion of long-term debt
+€26,363
Short-term financial debts
+€20,000
Cash 2025
€72,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,013,279 | €4,542,676 | +€529,397 | +13.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,982,679 | €2,218,822 | +€236,142 | +11.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,982,630 | €2,218,772 | +€236,142 | +11.9% |
| Land and buildings | 22 | €1,919,828 | €2,046,974 | +€127,146 | +6.6% |
| Plant, machinery and equipment | 23 | €8,173 | €16,554 | +€8,381 | +103% |
| Furniture and vehicles | 24 | €54,629 | €45,244 | -€9,385 | -17.2% |
| Assets under construction and advance payments | 27 | €0 | €110,000 | +€110,000 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €2,030,599 | €2,323,855 | +€293,255 | +14.4% |
| Stocks and contracts in progress | 3 | €1,347,815 | €1,603,504 | +€255,689 | +19.0% |
| Stocks | 30/36 | €1,347,815 | €1,603,504 | +€255,689 | +19.0% |
| Amounts receivable within one year | 40/41 | €459,434 | €468,776 | +€9,342 | +2.0% |
| Trade receivables | 40 | €404,954 | €427,942 | +€22,988 | +5.7% |
| Other amounts receivable | 41 | €54,479 | €40,834 | -€13,645 | -25.0% |
| Cash at bank and in hand | 54/58 | €59,224 | €72,009 | +€12,785 | +21.6% |
| Deferred charges and accrued income | 490/1 | €164,126 | €179,565 | +€15,439 | +9.4% |
| Total equity and liabilities | 10/49 | €4,013,279 | €4,542,676 | +€529,397 | +13.2% |
| Equity | 10/15 | €960,320 | €1,280,371 | +€320,051 | +33.3% |
| Contributions | 10/11 | €405,000 | €405,000 | = | 0.0% |
| Capital | 10 | €405,000 | €405,000 | = | 0.0% |
| Issued capital | 100 | €405,000 | €405,000 | = | 0.0% |
| Reserves | 13 | €173,386 | €173,386 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,500 | €40,500 | = | 0.0% |
| Legal reserve | 130 | €40,500 | €40,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,998 | €7,998 | = | 0.0% |
| Distributable reserves | 133 | €124,889 | €124,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,934 | €701,985 | +€320,051 | +83.8% |
| Provisions and deferred taxes | 16 | €6,263 | €6,263 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,263 | €6,263 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,263 | €6,263 | = | 0.0% |
| Amounts payable | 17/49 | €3,046,695 | €3,256,041 | +€209,346 | +6.9% |
| Amounts payable after more than one year | 17 | €981,521 | €1,042,776 | +€61,254 | +6.2% |
| Financial debts | 170/4 | €981,521 | €1,042,776 | +€61,254 | +6.2% |
| Amounts payable within one year | 42/48 | €2,014,006 | €2,193,326 | +€179,319 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €145,716 | €172,079 | +€26,363 | +18.1% |
| Financial debts | 43 | €630,000 | €650,000 | +€20,000 | +3.2% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €630,000 | €650,000 | +€20,000 | +3.2% |
| Trade debts | 44 | €224,534 | €326,846 | +€102,312 | +45.6% |
| Suppliers | 440/4 | €224,534 | €326,846 | +€102,312 | +45.6% |
| Taxes, remuneration and social security | 45 | €31,249 | €99,170 | +€67,921 | +217% |
| Taxes | 450/3 | €5,670 | €77,890 | +€72,220 | +1,274% |
| Remuneration and social security | 454/9 | €25,579 | €21,280 | -€4,299 | -16.8% |
| Other amounts payable | 47/48 | €982,508 | €945,231 | -€37,277 | -3.8% |
| Accrued charges and deferred income | 492/3 | €51,167 | €19,940 | -€31,227 | -61.0% |
| Non-recurring operating income | 76A | €0 | €1,188 | +€1,188 | |
| Remuneration, social security and pensions | 62 | €125,627 | €124,421 | -€1,206 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,963 | €148,710 | +€12,747 | +9.4% |
| Other operating charges | 640/8 | €46,123 | €56,884 | +€10,761 | +23.3% |
| Gross operating margin | 9900 | €486,258 | €821,072 | +€334,814 | +68.9% |
| Operating profit (loss) | 9901 | €178,545 | €491,057 | +€312,512 | +175% |
| Financial income | 75/76B | €2 | €2 | -€0 | -7.4% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -7.4% |
| Financial charges | 65/66B | €67,485 | €72,993 | +€5,507 | +8.2% |
| Recurring financial charges | 65 | €67,485 | €72,993 | +€5,507 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €111,062 | €418,066 | +€307,004 | +276% |
| Income taxes | 67/77 | €26,820 | €98,015 | +€71,195 | +265% |
| Profit (loss) for the period | 9904 | €84,242 | €320,051 | +€235,809 | +280% |
| Profit (loss) for the period to be appropriated | 9905 | €84,242 | €320,051 | +€235,809 | +280% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.