VERCO TAPIJTEN: 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.
What changed
VERCO TAPIJTEN
NACE 47.530, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€236,128
2024 · €161,616+€74,512
Equity
€1.7m
2024 · €1.5m+€236,128
Cash
€218,486
2024 · €955,714-€737,228
Balance sheet total
€1.8m
2024 · €1.6m+€246,766
Largest movements
Assets
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€737,228
down €737,228 (-77.1%), from €955,714 to €218,486
mainly Current investments (-€1.0m) and Investment in fixed assets (net) (-€15,702)
Equity and liabilities
- Reserves +€236,128
up €236,128 (+16.5%), from €1.4m to €1.7m
Income statement
- Gross operating margin +€134,775
up €134,775 (+53.8%), from €250,714 to €385,490
- Taxes +€34,770
up €34,770 (+49.4%), from €70,390 to €105,161
- Financial income -€19,203
down €19,203 (-51.8%), from €37,068 to €17,864
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.
Result 2024
€161,616
Gross operating margin
+€134,775
Staff costs
-€3,828
Depreciation
+€48
Other operating charges
+€44
Financial income
-€19,203
Financial charges
-€2,553
Taxes
-€34,770
Result 2025
€236,128
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€283,821
Investment
-€1.0m
Financing
€0
Cash 2024
€955,714
From operations (derived)
+€283,821
Net result for the year
+€236,128
Depreciation
+€32,329
Stocks and contracts
-€7,416
Receivables within one year
+€11,679
Smaller working-capital items
+€1,764
Tax, wage and social debts
+€13,573
Other debts
-€4,235
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€15,702
Current investments
-€1.0m
Cash 2025
€218,486
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,602,310 | €1,849,076 | +€246,766 | +15.4% |
| Fixed assets | 21/28 | €97,031 | €80,405 | -€16,626 | -17.1% |
| Tangible fixed assets | 22/27 | €96,957 | €80,331 | -€16,626 | -17.1% |
| Land and buildings | 22 | €95,673 | €65,544 | -€30,128 | -31.5% |
| Furniture and vehicles | 24 | €1,208 | €14,787 | +€13,579 | +1,124% |
| Other tangible fixed assets | 26 | €77 | - | -€77 | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,505,279 | €1,768,671 | +€263,392 | +17.5% |
| Stocks and contracts in progress | 3 | €466,752 | €474,168 | +€7,416 | +1.6% |
| Stocks | 30/36 | €466,752 | €474,168 | +€7,416 | +1.6% |
| Amounts receivable within one year | 40/41 | €80,795 | €69,116 | -€11,679 | -14.5% |
| Trade receivables | 40 | €30,533 | €14,290 | -€16,242 | -53.2% |
| Other amounts receivable | 41 | €50,262 | €54,826 | +€4,563 | +9.1% |
| Current investments | 50/53 | - | €1,005,346 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €955,714 | €218,486 | -€737,228 | -77.1% |
| Deferred charges and accrued income | 490/1 | €2,018 | €1,554 | -€464 | -23.0% |
| Total equity and liabilities | 10/49 | €1,602,310 | €1,849,076 | +€246,766 | +15.4% |
| Equity | 10/15 | €1,453,593 | €1,689,721 | +€236,128 | +16.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,428,804 | €1,664,932 | +€236,128 | +16.5% |
| Distributable reserves | 133 | €1,428,804 | €1,664,932 | +€236,128 | +16.5% |
| Amounts payable | 17/49 | €148,717 | €159,355 | +€10,638 | +7.2% |
| Amounts payable within one year | 42/48 | €148,717 | €158,055 | +€9,338 | +6.3% |
| Taxes, remuneration and social security | 45 | €88,374 | €101,946 | +€13,573 | +15.4% |
| Taxes | 450/3 | €88,374 | €100,698 | +€12,324 | +13.9% |
| Remuneration and social security | 454/9 | - | €1,248 | +€1,248 | |
| Other amounts payable | 47/48 | €60,344 | €56,109 | -€4,235 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Non-recurring operating income | 76A | €584 | - | -€584 | |
| Remuneration, social security and pensions | 62 | €18,545 | €22,374 | +€3,828 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,376 | €32,329 | -€48 | -0.1% |
| Other operating charges | 640/8 | €3,492 | €3,448 | -€44 | -1.3% |
| Gross operating margin | 9900 | €250,714 | €385,490 | +€134,775 | +53.8% |
| Operating profit (loss) | 9901 | €196,301 | €327,339 | +€131,039 | +66.8% |
| Financial income | 75/76B | €37,068 | €17,864 | -€19,203 | -51.8% |
| Recurring financial income | 75 | €37,068 | €17,864 | -€19,203 | -51.8% |
| Financial charges | 65/66B | €1,362 | €3,915 | +€2,553 | +187% |
| Recurring financial charges | 65 | €1,362 | €1,602 | +€240 | +17.6% |
| Non-recurring financial charges | 66B | - | €2,313 | +€2,313 | |
| Profit (loss) for the period before taxes | 9903 | €232,006 | €341,289 | +€109,283 | +47.1% |
| Income taxes | 67/77 | €70,390 | €105,161 | +€34,770 | +49.4% |
| Profit (loss) for the period | 9904 | €161,616 | €236,128 | +€74,512 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,616 | €236,128 | +€74,512 | +46.1% |
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 31 October 2026 via checked.be.