VERCO PLUS: 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.
VERCO PLUS
Largest movements
- Cash -€36,373
down €36,373 (-92.9%), from €39,161 to €2,788
mainly Net result for the year (-€29,527) and Stocks and contracts (-€4,438)
- Stocks and contracts +€4,438
up €4,438 (+1.5%), from €294,577 to €299,015
- Profit (loss) carried forward -€29,527
down €29,527, from €27,630 to -€1,897
- Gross operating margin +€3,890
up €3,890 (+17.6%), from -€22,082 to -€18,192
- Financial charges -€2,106
down €2,106 (-16.6%), from €12,717 to €10,611
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 | €336,168 | €306,406 | -€29,762 | -8.9% |
| Current assets | 29/58 | €336,168 | €306,406 | -€29,762 | -8.9% |
| Stocks and contracts in progress | 3 | €294,577 | €299,015 | +€4,438 | +1.5% |
| Stocks | 30/36 | €294,577 | €299,015 | +€4,438 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,405 | €4,578 | +€2,173 | +90.3% |
| Trade receivables | 40 | €598 | €396 | -€202 | -33.8% |
| Other amounts receivable | 41 | €1,808 | €4,183 | +€2,375 | +131.4% |
| Cash at bank and in hand | 54/58 | €39,161 | €2,788 | -€36,373 | -92.9% |
| Deferred charges and accrued income | 490/1 | €24 | €24 | +€0 | +0.7% |
| Total equity and liabilities | 10/49 | €336,168 | €306,406 | -€29,762 | -8.9% |
| Equity | 10/15 | €103,090 | €73,563 | -€29,527 | -28.6% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,630 | -€1,897 | -€29,527 | |
| Amounts payable | 17/49 | €233,077 | €232,842 | -€235 | -0.1% |
| Amounts payable after more than one year | 17 | €230,080 | €230,080 | = | 0.0% |
| Financial debts | 170/4 | €230,080 | €230,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,975 | €1,950 | -€26 | -1.3% |
| Trade debts | 44 | €1,486 | €1,460 | -€26 | -1.7% |
| Suppliers | 440/4 | €1,486 | €1,460 | -€26 | -1.7% |
| Other amounts payable | 47/48 | €489 | €489 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,022 | €813 | -€210 | -20.5% |
| Other operating charges | 640/8 | €562 | €723 | +€161 | +28.6% |
| Gross operating margin | 9900 | -€22,082 | -€18,192 | +€3,890 | +17.6% |
| Operating profit (loss) | 9901 | -€22,645 | -€18,916 | +€3,729 | +16.5% |
| Financial charges | 65/66B | €12,717 | €10,611 | -€2,106 | -16.6% |
| Recurring financial charges | 65 | €12,717 | €10,611 | -€2,106 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,361 | -€29,527 | +€5,834 | +16.5% |
| Profit (loss) for the period | 9904 | -€35,361 | -€29,527 | +€5,834 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,361 | -€29,527 | +€5,834 | +16.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.