VERCO HOLDING: what changed
What changed
VERCO HOLDING
filed annual accounts (NBB)
Net result for the year
€4,278
2024 · €26,647-€22,369
Equity
€2.1m
2024 · €2.1m+€4,278
Cash
€5,064
2024 · €2,841+€2,223
Balance sheet total
€7.0m
2024 · €7.1m-€72,295
Largest movements
Assets
- Receivables within one year -€73,527
down €73,527 (-1.5%), from €5.0m to €4.9m
of which Other amounts receivable: -€52,824
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges +€133,827
up €133,827 (+199%), from €67,198 to €201,025
- Financial income +€78,185
up €78,185 (+60.0%), from €130,277 to €208,463
- Gross operating margin +€25,643
up €25,643, from -€25,210 to €434
- Taxes -€8,555
down €8,555 (-85.7%), from €9,981 to €1,426
- Other operating charges +€925
up €925 (+74.5%), from €1,241 to €2,167
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.
Result 2024
€26,647
Gross operating margin
+€25,643
Other operating charges
-€925
Financial income
+€78,185
Financial charges
-€133,827
Taxes
+€8,555
Result 2025
€4,278
raises the resultlowers the result
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.
From operations
+€31,223
Investment
+€1,000
Financing
-€30,000
Cash 2024
€2,841
From operations (derived)
+€31,223
Net result for the year
+€4,278
Receivables within one year
+€73,527
Deferred charges and accrued income
-€9
Trade debts
-€13,799
Tax, wage and social debts
-€32,775
Investment (derived)
+€1,000
Investment in fixed assets (net)
+€1,000
Financing
-€30,000
Debts after one year
-€30,000
Cash 2025
€5,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,073,403 | €7,001,108 | -€72,295 | -1.0% |
| Fixed assets | 21/28 | €2,047,570 | €2,046,570 | -€1,000 | 0.0% |
| Financial fixed assets | 28 | €2,047,570 | €2,046,570 | -€1,000 | 0.0% |
| Current assets | 29/58 | €5,025,833 | €4,954,538 | -€71,295 | -1.4% |
| Amounts receivable within one year | 40/41 | €5,022,696 | €4,949,169 | -€73,527 | -1.5% |
| Trade receivables | 40 | €69,841 | €49,138 | -€20,703 | -29.6% |
| Other amounts receivable | 41 | €4,952,855 | €4,900,031 | -€52,824 | -1.1% |
| Cash at bank and in hand | 54/58 | €2,841 | €5,064 | +€2,223 | +78.3% |
| Deferred charges and accrued income | 490/1 | €296 | €305 | +€9 | +3.1% |
| Total equity and liabilities | 10/49 | €7,073,403 | €7,001,108 | -€72,295 | -1.0% |
| Equity | 10/15 | €2,109,414 | €2,113,692 | +€4,278 | +0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,041,243 | €2,045,522 | +€4,278 | +0.2% |
| Amounts payable | 17/49 | €4,963,989 | €4,887,415 | -€76,574 | -1.5% |
| Amounts payable after more than one year | 17 | €4,870,000 | €4,840,000 | -€30,000 | -0.6% |
| Financial debts | 170/4 | €4,870,000 | €4,840,000 | -€30,000 | -0.6% |
| Amounts payable within one year | 42/48 | €93,989 | €47,415 | -€46,574 | -49.6% |
| Trade debts | 44 | €46,992 | €33,193 | -€13,799 | -29.4% |
| Suppliers | 440/4 | €46,992 | €33,193 | -€13,799 | -29.4% |
| Taxes, remuneration and social security | 45 | €46,997 | €14,222 | -€32,775 | -69.7% |
| Taxes | 450/3 | €46,997 | €14,222 | -€32,775 | -69.7% |
| Other operating charges | 640/8 | €1,241 | €2,167 | +€925 | +74.5% |
| Gross operating margin | 9900 | -€25,210 | €434 | +€25,643 | |
| Operating profit (loss) | 9901 | -€26,451 | -€1,733 | +€24,718 | +93.4% |
| Financial income | 75/76B | €130,277 | €208,463 | +€78,185 | +60.0% |
| Recurring financial income | 75 | €130,277 | €208,463 | +€78,185 | +60.0% |
| Financial charges | 65/66B | €67,198 | €201,025 | +€133,827 | +199% |
| Recurring financial charges | 65 | €67,198 | €201,025 | +€133,827 | +199% |
| Profit (loss) for the period before taxes | 9903 | €36,628 | €5,704 | -€30,924 | -84.4% |
| Income taxes | 67/77 | €9,981 | €1,426 | -€8,555 | -85.7% |
| Profit (loss) for the period | 9904 | €26,647 | €4,278 | -€22,369 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,647 | €4,278 | -€22,369 | -83.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.