VERCO: 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.
VERCO
Largest movements
- Cash +€67,047
up €67,047 (+97.7%), from €68,625 to €135,672
mainly Advances received (+€41,000) and Net result for the year (+€21,026)
- Advances received +€41,000
new in 2025: €41,000
- Profit (loss) carried forward +€21,026
up €21,026 (+124.9%), from €16,828 to €37,853
- Other debts -€7,847
down €7,847 (-31.6%), from €24,855 to €17,008
- Tax, wage and social debts +€6,214
up €6,214 (+1124.1%), from €553 to €6,767
- Trade debts +€6,011
up €6,011 (+1763.7%), from €341 to €6,352
- Gross operating margin +€7,958
up €7,958 (+33.6%), from €23,673 to €31,631
- Taxes +€6,474
up €6,474 (+1923.6%), from €337 to €6,810
- Other operating charges -€1,288
down €1,288 (-27.0%), from €4,779 to €3,490
- Depreciation -€600
down €600 (-90.6%), from €663 to €62
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 | €120,710 | €187,114 | +€66,403 | +55.0% |
| Fixed assets | 21/28 | €62 | - | -€62 | |
| Tangible fixed assets | 22/27 | €62 | - | -€62 | |
| Furniture and vehicles | 24 | €62 | - | -€62 | |
| Current assets | 29/58 | €120,648 | €187,114 | +€66,466 | +55.1% |
| Amounts receivable within one year | 40/41 | €2,023 | €1,442 | -€582 | -28.7% |
| Other amounts receivable | 41 | €2,023 | €1,442 | -€582 | -28.7% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,625 | €135,672 | +€67,047 | +97.7% |
| Total equity and liabilities | 10/49 | €120,710 | €187,114 | +€66,403 | +55.0% |
| Equity | 10/15 | €94,961 | €115,987 | +€21,026 | +22.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €16,134 | €16,134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,934 | €9,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,828 | €37,853 | +€21,026 | +124.9% |
| Amounts payable | 17/49 | €25,749 | €71,127 | +€45,378 | +176.2% |
| Amounts payable within one year | 42/48 | €25,749 | €71,127 | +€45,378 | +176.2% |
| Trade debts | 44 | €341 | €6,352 | +€6,011 | +1763.7% |
| Suppliers | 440/4 | €341 | €6,352 | +€6,011 | +1763.7% |
| Advances received on contracts in progress | 46 | - | €41,000 | +€41,000 | |
| Taxes, remuneration and social security | 45 | €553 | €6,767 | +€6,214 | +1124.1% |
| Taxes | 450/3 | €553 | €6,767 | +€6,214 | +1124.1% |
| Other amounts payable | 47/48 | €24,855 | €17,008 | -€7,847 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €62 | -€600 | -90.6% |
| Other operating charges | 640/8 | €4,779 | €3,490 | -€1,288 | -27.0% |
| Gross operating margin | 9900 | €23,673 | €31,631 | +€7,958 | +33.6% |
| Operating profit (loss) | 9901 | €18,232 | €28,078 | +€9,847 | +54.0% |
| Financial income | 75/76B | €101 | €0 | -€101 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.7% |
| Non-recurring financial income | 76B | €100 | - | -€100 | |
| Financial charges | 65/66B | €408 | €242 | -€166 | -40.6% |
| Recurring financial charges | 65 | €408 | €242 | -€166 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €17,924 | €27,836 | +€9,912 | +55.3% |
| Income taxes | 67/77 | €337 | €6,810 | +€6,474 | +1923.6% |
| Profit (loss) for the period | 9904 | €17,588 | €21,026 | +€3,438 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,588 | €21,026 | +€3,438 | +19.5% |
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.