Vercauteren Services: what changed
Vercauteren Services
Largest movements
- Tangible fixed assets -€9,014
down €9,014 (-10.0%), from €90,177 to €81,162
- Receivables within one year +€4,538
up €4,538 (+238%), from €1,904 to €6,441
of which Trade receivables: +€4,538
- Other debts -€9,000
down €9,000 (-85.9%), from €10,472 to €1,472
- Reserves +€5,254
up €5,254 (+6.7%), from €78,723 to €83,976
of which Distributable reserves: +€5,254
- Gross operating margin -€7,890
down €7,890 (-29.6%), from €26,694 to €18,804
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,010 | €110,648 | -€4,362 | -3.8% |
| Fixed assets | 21/28 | €90,177 | €81,162 | -€9,014 | -10.0% |
| Tangible fixed assets | 22/27 | €90,177 | €81,162 | -€9,014 | -10.0% |
| Land and buildings | 22 | €90,177 | €81,162 | -€9,014 | -10.0% |
| Current assets | 29/58 | €24,834 | €29,486 | +€4,653 | +18.7% |
| Amounts receivable within one year | 40/41 | €1,904 | €6,441 | +€4,538 | +238% |
| Trade receivables | 40 | €1,808 | €6,345 | +€4,538 | +251% |
| Other amounts receivable | 41 | €96 | €96 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,930 | €23,045 | +€115 | +0.5% |
| Total equity and liabilities | 10/49 | €115,010 | €110,648 | -€4,362 | -3.8% |
| Equity | 10/15 | €104,174 | €108,428 | +€4,254 | +4.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Revaluation surpluses | 12 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Reserves | 13 | €78,723 | €83,976 | +€5,254 | +6.7% |
| Tax-exempt reserves | 132 | €1,761 | €1,761 | = | 0.0% |
| Distributable reserves | 133 | €76,962 | €82,216 | +€5,254 | +6.8% |
| Amounts payable | 17/49 | €10,836 | €2,221 | -€8,615 | -79.5% |
| Amounts payable within one year | 42/48 | €10,836 | €2,221 | -€8,615 | -79.5% |
| Trade debts | 44 | €0 | €35 | +€35 | |
| Suppliers | 440/4 | €0 | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | €364 | €714 | +€350 | +95.9% |
| Taxes | 450/3 | €364 | €714 | +€350 | +95.9% |
| Other amounts payable | 47/48 | €10,472 | €1,472 | -€9,000 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,014 | €9,014 | = | 0.0% |
| Other operating charges | 640/8 | €5,363 | €5,537 | +€173 | +3.2% |
| Gross operating margin | 9900 | €26,694 | €18,804 | -€7,890 | -29.6% |
| Operating profit (loss) | 9901 | €12,317 | €4,254 | -€8,063 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €12,317 | €4,254 | -€8,063 | -65.5% |
| Profit (loss) for the period | 9904 | €12,317 | €4,254 | -€8,063 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,317 | €4,254 | -€8,063 | -65.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.