Vercarre Ventures: 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.
Vercarre Ventures
Largest movements
- Receivables within one year +€22,081
up €22,081 (+1,509%), from €1,463 to €23,544
of which Trade receivables: +€17,812
- Deferred charges and accrued income -€13,580
down €13,580 (-81.7%), from €16,628 to €3,048
- Trade debts -€16,188
down €16,188 (-97.1%), from €16,669 to €480
- Reserves +€16,173
up €16,173 (+242%), from €6,684 to €22,857
- Other debts +€4,292
up €4,292 (+238%), from €1,802 to €6,093
- Tax, wage and social debts +€3,670
up €3,670 (+183%), from €2,004 to €5,673
- Gross operating margin +€10,654
up €10,654 (+80.6%), from €13,215 to €23,869
- Taxes +€1,265
up €1,265 (+35.8%), from €3,537 to €4,802
- Depreciation +€1,001
up €1,001 (+749%), from €134 to €1,135
- Financial charges -€843
down €843 (-35.7%), from €2,364 to €1,521
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,528 | €40,876 | +€8,348 | +25.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,171 | €4,315 | +€143 | +3.4% |
| Tangible fixed assets | 22/27 | €4,171 | €4,315 | +€143 | +3.4% |
| Furniture and vehicles | 24 | €4,171 | €4,315 | +€143 | +3.4% |
| Current assets | 29/58 | €28,357 | €36,561 | +€8,204 | +28.9% |
| Amounts receivable within one year | 40/41 | €1,463 | €23,544 | +€22,081 | +1,509% |
| Trade receivables | 40 | - | €17,812 | +€17,812 | |
| Other amounts receivable | 41 | €1,463 | €5,733 | +€4,270 | +292% |
| Cash at bank and in hand | 54/58 | €10,266 | €9,969 | -€297 | -2.9% |
| Deferred charges and accrued income | 490/1 | €16,628 | €3,048 | -€13,580 | -81.7% |
| Total equity and liabilities | 10/49 | €32,528 | €40,876 | +€8,348 | +25.7% |
| Equity | 10/15 | €11,684 | €27,857 | +€16,173 | +138% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €6,684 | €22,857 | +€16,173 | +242% |
| Distributable reserves | 133 | €6,684 | €22,857 | +€16,173 | +242% |
| Amounts payable | 17/49 | €20,844 | €13,019 | -€7,825 | -37.5% |
| Amounts payable within one year | 42/48 | €20,474 | €12,247 | -€8,227 | -40.2% |
| Trade debts | 44 | €16,669 | €480 | -€16,188 | -97.1% |
| Suppliers | 440/4 | €16,669 | €480 | -€16,188 | -97.1% |
| Taxes, remuneration and social security | 45 | €2,004 | €5,673 | +€3,670 | +183% |
| Taxes | 450/3 | €2,004 | €5,673 | +€3,670 | +183% |
| Other amounts payable | 47/48 | €1,802 | €6,093 | +€4,292 | +238% |
| Accrued charges and deferred income | 492/3 | €370 | €772 | +€402 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €1,135 | +€1,001 | +749% |
| Other operating charges | 640/8 | €346 | €238 | -€107 | -31.1% |
| Gross operating margin | 9900 | €13,215 | €23,869 | +€10,654 | +80.6% |
| Operating profit (loss) | 9901 | €12,735 | €22,496 | +€9,761 | +76.6% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €2,364 | €1,521 | -€843 | -35.7% |
| Recurring financial charges | 65 | €2,364 | €1,521 | -€843 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €10,385 | €20,975 | +€10,590 | +102% |
| Income taxes | 67/77 | €3,537 | €4,802 | +€1,265 | +35.8% |
| Profit (loss) for the period | 9904 | €6,848 | €16,173 | +€9,325 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €6,848 | €16,173 | +€9,325 | +136% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.