Vercas: 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.
Vercas
Largest movements
- Cash -€24,059
down €24,059 (-61.1%), from €39,384 to €15,325
mainly Contributions, distributions and other (-€86,206) and Investment in fixed assets (net) (-€28,948)
- Tangible fixed assets +€9,558
up €9,558 (+15.3%), from €62,668 to €72,226
of which Furniture and vehicles: +€7,058
- Deferred charges and accrued income -€1,794
down €1,794 (-33.1%), from €5,417 to €3,624
- Profit (loss) carried forward -€74,368
down €74,368 (-86.3%), from €86,206 to €11,838
- Other debts +€61,799
up €61,799 (+9,350%), from €661 to €62,460
- Trade debts -€3,448
down €3,448 (-33.8%), from €10,198 to €6,750
- Gross operating margin -€39,275
down €39,275 (-48.7%), from €80,594 to €41,318
- Taxes -€10,560
down €10,560 (-60.0%), from €17,607 to €7,047
- Depreciation +€7,182
up €7,182 (+58.8%), from €12,208 to €19,390
- Other operating charges +€835
up €835 (+42.8%), from €1,950 to €2,785
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 | €119,391 | €102,574 | -€16,818 | -14.1% |
| Fixed assets | 21/28 | €62,668 | €72,226 | +€9,558 | +15.3% |
| Tangible fixed assets | 22/27 | €62,668 | €72,226 | +€9,558 | +15.3% |
| Plant, machinery and equipment | 23 | €2,650 | €5,150 | +€2,500 | +94.3% |
| Furniture and vehicles | 24 | €57,018 | €64,076 | +€7,058 | +12.4% |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €56,724 | €30,348 | -€26,376 | -46.5% |
| Amounts receivable within one year | 40/41 | €11,922 | €11,399 | -€523 | -4.4% |
| Trade receivables | 40 | €11,922 | €7,909 | -€4,013 | -33.7% |
| Other amounts receivable | 41 | - | €3,491 | +€3,491 | |
| Cash at bank and in hand | 54/58 | €39,384 | €15,325 | -€24,059 | -61.1% |
| Deferred charges and accrued income | 490/1 | €5,417 | €3,624 | -€1,794 | -33.1% |
| Total equity and liabilities | 10/49 | €119,391 | €102,574 | -€16,818 | -14.1% |
| Equity | 10/15 | €106,666 | €32,298 | -€74,368 | -69.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,206 | €11,838 | -€74,368 | -86.3% |
| Amounts payable | 17/49 | €12,725 | €70,275 | +€57,550 | +452% |
| Amounts payable within one year | 42/48 | €11,661 | €69,209 | +€57,548 | +493% |
| Trade debts | 44 | €10,198 | €6,750 | -€3,448 | -33.8% |
| Suppliers | 440/4 | €10,198 | €6,750 | -€3,448 | -33.8% |
| Taxes, remuneration and social security | 45 | €803 | - | -€803 | |
| Taxes | 450/3 | €803 | - | -€803 | |
| Other amounts payable | 47/48 | €661 | €62,460 | +€61,799 | +9,350% |
| Accrued charges and deferred income | 492/3 | €1,064 | €1,066 | +€2 | +0.2% |
| Non-recurring operating income | 76A | €5,200 | €5,059 | -€141 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,208 | €19,390 | +€7,182 | +58.8% |
| Other operating charges | 640/8 | €1,950 | €2,785 | +€835 | +42.8% |
| Gross operating margin | 9900 | €80,594 | €41,318 | -€39,275 | -48.7% |
| Operating profit (loss) | 9901 | €66,436 | €19,144 | -€47,292 | -71.2% |
| Financial income | 75/76B | €1 | €18 | +€17 | +2,312% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +2,312% |
| Financial charges | 65/66B | €366 | €276 | -€90 | -24.6% |
| Recurring financial charges | 65 | €366 | €276 | -€90 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €66,070 | €18,886 | -€47,185 | -71.4% |
| Income taxes | 67/77 | €17,607 | €7,047 | -€10,560 | -60.0% |
| Profit (loss) for the period | 9904 | €48,463 | €11,838 | -€36,625 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,463 | €11,838 | -€36,625 | -75.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.