VERCATIMMO: 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.
VERCATIMMO
Largest movements
- Cash +€81,169
up €81,169 (+3055.2%), from €2,657 to €83,826
mainly Depreciation (+€57,170) and Net result for the year (+€33,097)
- Tangible fixed assets -€45,807
down €45,807 (-7.3%), from €627,419 to €581,612
of which Land and buildings: -€55,729
- Reserves +€33,097
up €33,097 (+1.3%), from €2.5m to €2.5m
- Gross operating margin +€23,196
up €23,196 (+23.2%), from €100,010 to €123,206
- Depreciation +€9,672
up €9,672 (+20.4%), from €47,498 to €57,170
- Financial income -€1,417
down €1,417 (-56.6%), from €2,501 to €1,084
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 | €3,195,583 | €3,210,171 | +€14,588 | +0.5% |
| Fixed assets | 21/28 | €2,897,664 | €2,851,523 | -€46,140 | -1.6% |
| Tangible fixed assets | 22/27 | €627,419 | €581,612 | -€45,807 | -7.3% |
| Land and buildings | 22 | €627,419 | €571,690 | -€55,729 | -8.9% |
| Plant, machinery and equipment | 23 | - | €9,922 | +€9,922 | |
| Financial fixed assets | 28 | €2,270,245 | €2,269,911 | -€333 | 0.0% |
| Current assets | 29/58 | €297,920 | €358,648 | +€60,728 | +20.4% |
| Amounts receivable after more than one year | 29 | €0 | €4,200 | +€4,200 | |
| Other amounts receivable | 291 | €0 | €4,200 | +€4,200 | |
| Amounts receivable within one year | 40/41 | €294,138 | €267,308 | -€26,829 | -9.1% |
| Trade receivables | 40 | €895 | €670 | -€225 | -25.2% |
| Other amounts receivable | 41 | €293,242 | €266,638 | -€26,604 | -9.1% |
| Cash at bank and in hand | 54/58 | €2,657 | €83,826 | +€81,169 | +3055.2% |
| Deferred charges and accrued income | 490/1 | €1,125 | €3,314 | +€2,188 | +194.5% |
| Total equity and liabilities | 10/49 | €3,195,583 | €3,210,171 | +€14,588 | +0.5% |
| Equity | 10/15 | €2,842,014 | €2,875,111 | +€33,097 | +1.2% |
| Contributions | 10/11 | €376,558 | €376,558 | = | 0.0% |
| Reserves | 13 | €2,465,456 | €2,498,553 | +€33,097 | +1.3% |
| Distributable reserves | 133 | €2,465,456 | €2,498,553 | +€33,097 | +1.3% |
| Amounts payable | 17/49 | €353,569 | €335,059 | -€18,509 | -5.2% |
| Amounts payable after more than one year | 17 | €158,877 | €151,379 | -€7,498 | -4.7% |
| Financial debts | 170/4 | €158,877 | €151,379 | -€7,498 | -4.7% |
| Amounts payable within one year | 42/48 | €180,798 | €171,074 | -€9,723 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €21,887 | €22,373 | +€486 | +2.2% |
| Trade debts | 44 | €2,586 | €1,044 | -€1,542 | -59.6% |
| Suppliers | 440/4 | €2,586 | €1,044 | -€1,542 | -59.6% |
| Taxes, remuneration and social security | 45 | €23,658 | €7,137 | -€16,521 | -69.8% |
| Taxes | 450/3 | €23,658 | €7,137 | -€16,521 | -69.8% |
| Other amounts payable | 47/48 | €132,667 | €140,520 | +€7,853 | +5.9% |
| Accrued charges and deferred income | 492/3 | €13,894 | €12,606 | -€1,288 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,498 | €57,170 | +€9,672 | +20.4% |
| Other operating charges | 640/8 | €11,421 | €11,779 | +€358 | +3.1% |
| Gross operating margin | 9900 | €100,010 | €123,206 | +€23,196 | +23.2% |
| Operating profit (loss) | 9901 | €41,092 | €54,257 | +€13,165 | +32.0% |
| Financial income | 75/76B | €2,501 | €1,084 | -€1,417 | -56.6% |
| Recurring financial income | 75 | €2,501 | €1,084 | -€1,417 | -56.6% |
| Financial charges | 65/66B | €15,045 | €13,941 | -€1,103 | -7.3% |
| Recurring financial charges | 65 | €15,045 | €13,608 | -€1,437 | -9.6% |
| Non-recurring financial charges | 66B | - | €333 | +€333 | |
| Profit (loss) for the period before taxes | 9903 | €28,549 | €41,401 | +€12,852 | +45.0% |
| Income taxes | 67/77 | €7,137 | €8,304 | +€1,167 | +16.3% |
| Profit (loss) for the period | 9904 | €21,412 | €33,097 | +€11,685 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,412 | €33,097 | +€11,685 | +54.6% |
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 3 October 2026 via checked.be.