VERCLA: 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.
VERCLA
Largest movements
- Tangible fixed assets -€17,731
down €17,731 (-6.4%), from €277,018 to €259,288
of which Land and buildings: -€16,517
- Cash -€7,598
down €7,598 (-23.2%), from €32,795 to €25,197
mainly Debts after one year (-€17,334) and Trade debts (-€9,152)
- Debts after one year -€17,334
down €17,334 (-6.9%), from €250,256 to €232,921
- Trade debts -€9,152
down €9,152 (-83.8%), from €10,926 to €1,775
- Financial income -€18,026
down €18,026 (-99.5%), from €18,124 to €98
- Gross operating margin +€7,996
up €7,996 (+38.8%), from €20,587 to €28,583
- Taxes -€2,122
down €2,122 (-54.2%), from €3,915 to €1,793
- Other operating charges +€356
up €356 (+8.2%), from €4,352 to €4,708
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 | €311,621 | €286,794 | -€24,827 | -8.0% |
| Fixed assets | 21/28 | €277,023 | €259,293 | -€17,731 | -6.4% |
| Tangible fixed assets | 22/27 | €277,018 | €259,288 | -€17,731 | -6.4% |
| Land and buildings | 22 | €273,916 | €257,399 | -€16,517 | -6.0% |
| Plant, machinery and equipment | 23 | €681 | €288 | -€394 | -57.8% |
| Furniture and vehicles | 24 | €2,421 | €1,601 | -€820 | -33.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €34,598 | €27,501 | -€7,096 | -20.5% |
| Cash at bank and in hand | 54/58 | €32,795 | €25,197 | -€7,598 | -23.2% |
| Deferred charges and accrued income | 490/1 | €1,802 | €2,304 | +€502 | +27.9% |
| Total equity and liabilities | 10/49 | €311,621 | €286,794 | -€24,827 | -8.0% |
| Equity | 10/15 | €29,326 | €32,284 | +€2,958 | +10.1% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €17,429 | €17,724 | +€296 | +1.7% |
| Non-distributable reserves | 130/1 | €17,429 | €17,724 | +€296 | +1.7% |
| Legal reserve | 130 | €17,429 | €17,724 | +€296 | +1.7% |
| Profit (loss) carried forward | 14 | -€248,103 | -€245,441 | +€2,662 | +1.1% |
| Amounts payable | 17/49 | €282,295 | €254,510 | -€27,785 | -9.8% |
| Amounts payable after more than one year | 17 | €250,256 | €232,921 | -€17,334 | -6.9% |
| Financial debts | 170/4 | €250,256 | €232,921 | -€17,334 | -6.9% |
| Amounts payable within one year | 42/48 | €32,039 | €20,539 | -€11,501 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €17,221 | €17,000 | -€221 | -1.3% |
| Trade debts | 44 | €10,926 | €1,775 | -€9,152 | -83.8% |
| Suppliers | 440/4 | €10,926 | €1,775 | -€9,152 | -83.8% |
| Taxes, remuneration and social security | 45 | €3,892 | €1,764 | -€2,128 | -54.7% |
| Taxes | 450/3 | €3,892 | €1,764 | -€2,128 | -54.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,499 | €17,731 | +€232 | +1.3% |
| Other operating charges | 640/8 | €4,352 | €4,708 | +€356 | +8.2% |
| Gross operating margin | 9900 | €20,587 | €28,583 | +€7,996 | +38.8% |
| Operating profit (loss) | 9901 | -€1,264 | €6,145 | +€7,408 | |
| Financial income | 75/76B | €18,124 | €98 | -€18,026 | -99.5% |
| Recurring financial income | 75 | €18,124 | €98 | -€18,026 | -99.5% |
| Financial charges | 65/66B | €1,510 | €1,491 | -€19 | -1.3% |
| Recurring financial charges | 65 | €1,510 | €1,491 | -€19 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €15,350 | €4,751 | -€10,599 | -69.0% |
| Income taxes | 67/77 | €3,915 | €1,793 | -€2,122 | -54.2% |
| Profit (loss) for the period | 9904 | €11,435 | €2,958 | -€8,477 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,435 | €2,958 | -€8,477 | -74.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.