VERCAVON: 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.
VERCAVON
Largest movements
- Tangible fixed assets -€35,237
down €35,237 (-5.5%), from €645,801 to €610,564
of which Land and buildings: -€34,321
- Cash -€30,229
down €30,229 (-18.4%), from €164,559 to €134,330
mainly Other debts (-€28,529) and Net result for the year (-€27,448)
- Deferred charges and accrued income +€12,000
new in 2025: €12,000
- Other debts -€28,529
down €28,529 (-4.0%), from €712,065 to €683,536
- Profit (loss) carried forward -€27,448
down €27,448 (-7.0%), from -€391,883 to -€419,332
- Depreciation -€10,115
down €10,115 (-17.0%), from €59,621 to €49,506
- Gross operating margin -€9,333
down €9,333 (-13.0%), from €71,902 to €62,569
- Financial charges -€2,129
down €2,129 (-7.4%), from €28,796 to €26,667
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 | €816,437 | €762,971 | -€53,466 | -6.5% |
| Fixed assets | 21/28 | €645,801 | €610,564 | -€35,237 | -5.5% |
| Tangible fixed assets | 22/27 | €645,801 | €610,564 | -€35,237 | -5.5% |
| Land and buildings | 22 | €642,592 | €608,271 | -€34,321 | -5.3% |
| Plant, machinery and equipment | 23 | €3,209 | €2,293 | -€916 | -28.5% |
| Current assets | 29/58 | €170,636 | €152,407 | -€18,229 | -10.7% |
| Amounts receivable within one year | 40/41 | €6,077 | €6,077 | = | 0.0% |
| Other amounts receivable | 41 | €6,077 | €6,077 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164,559 | €134,330 | -€30,229 | -18.4% |
| Deferred charges and accrued income | 490/1 | - | €12,000 | +€12,000 | |
| Total equity and liabilities | 10/49 | €816,437 | €762,971 | -€53,466 | -6.5% |
| Equity | 10/15 | €95,204 | €67,755 | -€27,448 | -28.8% |
| Contributions | 10/11 | €460,288 | €460,288 | = | 0.0% |
| Capital | 10 | €460,288 | €460,288 | = | 0.0% |
| Issued capital | 100 | €460,288 | €460,288 | = | 0.0% |
| Reserves | 13 | €26,799 | €26,799 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,029 | €26,029 | = | 0.0% |
| Legal reserve | 130 | €26,029 | €26,029 | = | 0.0% |
| Distributable reserves | 133 | €770 | €770 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391,883 | -€419,332 | -€27,448 | -7.0% |
| Amounts payable | 17/49 | €721,233 | €695,216 | -€26,018 | -3.6% |
| Amounts payable after more than one year | 17 | €1,300 | €0 | -€1,300 | -100.0% |
| Other amounts payable | 178/9 | €1,300 | €0 | -€1,300 | -100.0% |
| Amounts payable within one year | 42/48 | €719,283 | €695,216 | -€24,068 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €5,129 | +€5,129 | |
| Suppliers | 440/4 | - | €5,129 | +€5,129 | |
| Taxes, remuneration and social security | 45 | €7,218 | €6,551 | -€667 | -9.2% |
| Taxes | 450/3 | €7,218 | €6,551 | -€667 | -9.2% |
| Other amounts payable | 47/48 | €712,065 | €683,536 | -€28,529 | -4.0% |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,621 | €49,506 | -€10,115 | -17.0% |
| Other operating charges | 640/8 | €13,133 | €13,845 | +€712 | +5.4% |
| Gross operating margin | 9900 | €71,902 | €62,569 | -€9,333 | -13.0% |
| Operating profit (loss) | 9901 | -€852 | -€782 | +€70 | +8.2% |
| Financial income | 75/76B | €100 | €0 | -€100 | -100.0% |
| Recurring financial income | 75 | €100 | €0 | -€100 | -100.0% |
| Financial charges | 65/66B | €28,796 | €26,667 | -€2,129 | -7.4% |
| Recurring financial charges | 65 | €28,796 | €26,667 | -€2,129 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,548 | -€27,448 | +€2,099 | +7.1% |
| Profit (loss) for the period | 9904 | -€29,548 | -€27,448 | +€2,099 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,548 | -€27,448 | +€2,099 | +7.1% |
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 12 October 2026 via checked.be.