VERCAUTEREN: 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.
VERCAUTEREN
Largest movements
- Tangible fixed assets -€30,868
down €30,868 (-6.4%), from €482,725 to €451,857
of which Land and buildings: -€25,962
- Receivables within one year +€5,278
up €5,278 (+33.4%), from €15,798 to €21,076
of which Other amounts receivable: +€3,202
- Other debts -€20,371
down €20,371 (-52.6%), from €38,704 to €18,333
- Profit (loss) carried forward -€8,077
down €8,077 (-2.0%), from €412,152 to €404,074
- Gross operating margin -€6,621
down €6,621 (-14.0%), from €47,285 to €40,663
- Depreciation -€1,078
down €1,078 (-2.5%), from €43,596 to €42,518
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 | €515,649 | €488,336 | -€27,313 | -5.3% |
| Fixed assets | 21/28 | €482,725 | €451,857 | -€30,868 | -6.4% |
| Tangible fixed assets | 22/27 | €482,725 | €451,857 | -€30,868 | -6.4% |
| Land and buildings | 22 | €410,368 | €384,406 | -€25,962 | -6.3% |
| Plant, machinery and equipment | 23 | €70,430 | €65,924 | -€4,506 | -6.4% |
| Furniture and vehicles | 24 | €1,927 | €1,527 | -€400 | -20.8% |
| Current assets | 29/58 | €32,923 | €36,479 | +€3,555 | +10.8% |
| Amounts receivable within one year | 40/41 | €15,798 | €21,076 | +€5,278 | +33.4% |
| Trade receivables | 40 | - | €2,076 | +€2,076 | |
| Other amounts receivable | 41 | €15,798 | €19,000 | +€3,202 | +20.3% |
| Cash at bank and in hand | 54/58 | €17,072 | €15,403 | -€1,669 | -9.8% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €515,649 | €488,336 | -€27,313 | -5.3% |
| Equity | 10/15 | €475,745 | €467,667 | -€8,077 | -1.7% |
| Contributions | 10/11 | €48,325 | €48,325 | = | 0.0% |
| Reserves | 13 | €15,269 | €15,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,832 | €4,832 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,832 | €4,832 | = | 0.0% |
| Distributable reserves | 133 | €10,436 | €10,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,152 | €404,074 | -€8,077 | -2.0% |
| Amounts payable | 17/49 | €39,904 | €20,669 | -€19,235 | -48.2% |
| Amounts payable within one year | 42/48 | €39,904 | €20,669 | -€19,235 | -48.2% |
| Trade debts | 44 | - | €1,136 | +€1,136 | |
| Suppliers | 440/4 | - | €1,136 | +€1,136 | |
| Taxes, remuneration and social security | 45 | €1,200 | €1,200 | = | 0.0% |
| Taxes | 450/3 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €38,704 | €18,333 | -€20,371 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,596 | €42,518 | -€1,078 | -2.5% |
| Other operating charges | 640/8 | €6,088 | €6,073 | -€15 | -0.2% |
| Gross operating margin | 9900 | €47,285 | €40,663 | -€6,621 | -14.0% |
| Operating profit (loss) | 9901 | -€2,398 | -€7,928 | -€5,529 | -231% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,900% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,533 | -€8,077 | -€5,544 | -219% |
| Profit (loss) for the period | 9904 | -€2,533 | -€8,077 | -€5,544 | -219% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,533 | -€8,077 | -€5,544 | -219% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.