VERCO-TECH: 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-TECH
Largest movements
- Tangible fixed assets -€13,193
down €13,193 (-7.3%), from €181,581 to €168,387
- Profit (loss) carried forward -€22,120
down €22,120 (-7.8%), from -€285,162 to -€307,281
- Other debts +€10,518
up €10,518 (+4.4%), from €237,960 to €248,478
- Trade debts -€2,246
down €2,246 (-37.1%), from €6,047 to €3,802
- Gross operating margin +€2,755
up €2,755, from -€2,755 to €0
- Purchases and services -€2,755
down €2,755 (-100.0%), from €2,755 to €0
- Other operating charges +€289
up €289 (+8.3%), from €3,489 to €3,778
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,060 | €169,212 | -€13,848 | -7.6% |
| Fixed assets | 21/28 | €181,581 | €168,387 | -€13,193 | -7.3% |
| Tangible fixed assets | 22/27 | €181,581 | €168,387 | -€13,193 | -7.3% |
| Land and buildings | 22 | €181,581 | €168,387 | -€13,193 | -7.3% |
| Current assets | 29/58 | €1,479 | €825 | -€655 | -44.2% |
| Cash at bank and in hand | 54/58 | €1,479 | €825 | -€655 | -44.2% |
| Total equity and liabilities | 10/49 | €183,060 | €169,212 | -€13,848 | -7.6% |
| Equity | 10/15 | -€60,947 | -€83,067 | -€22,120 | -36.3% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €50,689 | €50,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,931 | €44,931 | = | 0.0% |
| Distributable reserves | 133 | €5,758 | €5,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,162 | -€307,281 | -€22,120 | -7.8% |
| Amounts payable | 17/49 | €244,007 | €252,279 | +€8,272 | +3.4% |
| Amounts payable within one year | 42/48 | €244,007 | €252,279 | +€8,272 | +3.4% |
| Trade debts | 44 | €6,047 | €3,802 | -€2,246 | -37.1% |
| Suppliers | 440/4 | €6,047 | €3,802 | -€2,246 | -37.1% |
| Other amounts payable | 47/48 | €237,960 | €248,478 | +€10,518 | +4.4% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,755 | €0 | -€2,755 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,597 | €6,597 | = | 0.0% |
| Other operating charges | 640/8 | €3,489 | €3,778 | +€289 | +8.3% |
| Gross operating margin | 9900 | -€2,755 | €0 | +€2,755 | |
| Operating profit (loss) | 9901 | -€12,841 | -€10,375 | +€2,466 | +19.2% |
| Financial charges | 65/66B | €43 | €59 | +€15 | +34.8% |
| Recurring financial charges | 65 | €43 | €59 | +€15 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,885 | -€10,433 | +€2,451 | +19.0% |
| Profit (loss) for the period | 9904 | -€12,885 | -€10,433 | +€2,451 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,885 | -€10,433 | +€2,451 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.