VERCOM BELGIUM: what changed
What changed
VERCOM BELGIUM
NACE 82.920, Office administrative, office support and other business support activities
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.4m-€127,629
Equity
€9.1m
2024 · €7.8m+€1.2m
Cash
€402,905
2024 · €1.4m-€971,657
Balance sheet total
€15.0m
2024 · €15.1m-€142,685
Largest movements
Assets
- Receivables after one year +€1.1m
up €1.1m (+34.5%), from €3.2m to €4.4m
- Cash -€971,657
down €971,657 (-70.7%), from €1.4m to €402,905
mainly Trade debts (-€1.4m) and Receivables after one year (-€1.1m)
- Receivables within one year -€856,622
down €856,622 (-19.0%), from €4.5m to €3.6m
of which Trade receivables: -€648,505
- Stocks and contracts +€588,409
up €588,409 (+10.5%), from €5.6m to €6.2m
Equity and liabilities
- Trade debts -€1.4m
down €1.4m (-35.4%), from €3.9m to €2.5m
- Profit (loss) carried forward +€861,449
up €861,449 (+11.5%), from €7.5m to €8.3m
- Reserves +€378,900
up €378,900 (+135%), from €281,660 to €660,560
of which Tax-exempt reserves: +€378,900
Income statement
- Goods and materials +€848,854
up €848,854 (+4.7%), from €18.1m to €18.9m
of which Purchases: +€827,097
- Turnover +€712,699
up €712,699 (+3.1%), from €23.3m to €24.0m
- Staff costs +€313,431
up €313,431 (+18.5%), from €1.7m to €2.0m
- Write-downs -€244,075
down €244,075, from €54,006 to -€190,069
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
€1.4m
Turnover
+€712,699
Other operating income
+€183,592
Goods and materials
-€848,854
Services and other goods
-€127,350
Staff costs
-€313,431
Depreciation
-€20,292
Write-downs
+€244,075
Other operating charges
-€145,731
Financial income
+€190,321
Financial charges
-€67,177
Taxes
+€64,519
Result 2025
€1.2m
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
-€908,935
Investment
-€196,219
Financing
+€133,497
Cash 2024
€1.4m
From operations (derived)
-€908,935
Net result for the year
+€1.2m
Depreciation
+€86,546
Receivables after one year
-€1.1m
Stocks and contracts
-€588,409
Receivables within one year
+€856,622
Deferred charges and accrued income
+€127,489
Trade debts
-€1.4m
Tax, wage and social debts
-€44,804
Other debts
-€63,943
Accrued charges and deferred income
-€28,238
Investment (derived)
-€196,219
Investment in fixed assets (net)
-€196,219
Financing
+€133,497
Short-term financial debts
+€133,497
Cash 2025
€402,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,102,092 | €14,959,407 | -€142,685 | -0.9% |
| Fixed assets | 21/28 | €251,788 | €361,460 | +€109,672 | +43.6% |
| Tangible fixed assets | 22/27 | €246,880 | €341,004 | +€94,124 | +38.1% |
| Plant, machinery and equipment | 23 | €35,077 | €21,891 | -€13,187 | -37.6% |
| Furniture and vehicles | 24 | €140,634 | €251,810 | +€111,176 | +79.1% |
| Other tangible fixed assets | 26 | €71,169 | €67,304 | -€3,865 | -5.4% |
| Financial fixed assets | 28 | €4,908 | €20,456 | +€15,548 | +317% |
| Companies linked by participating interests | 282/3 | €3,000 | €3,000 | = | 0.0% |
| Participating interests | 282 | €3,000 | €3,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,908 | €17,456 | +€15,548 | +815% |
| Amounts receivable and cash guarantees | 285/8 | €1,908 | €17,456 | +€15,548 | +815% |
| Current assets | 29/58 | €14,850,305 | €14,597,947 | -€252,358 | -1.7% |
| Amounts receivable after more than one year | 29 | €3,236,273 | €4,351,273 | +€1.1m | +34.5% |
| Other amounts receivable | 291 | €3,236,273 | €4,351,273 | +€1.1m | +34.5% |
| Stocks and contracts in progress | 3 | €5,593,555 | €6,181,964 | +€588,409 | +10.5% |
| Stocks | 30/36 | €5,593,555 | €6,181,964 | +€588,409 | +10.5% |
| Goods purchased for resale | 34 | €5,593,555 | €6,181,964 | +€588,409 | +10.5% |
| Amounts receivable within one year | 40/41 | €4,498,317 | €3,641,695 | -€856,622 | -19.0% |
| Trade receivables | 40 | €4,090,271 | €3,441,765 | -€648,505 | -15.9% |
| Other amounts receivable | 41 | €408,046 | €199,930 | -€208,116 | -51.0% |
| Cash at bank and in hand | 54/58 | €1,374,562 | €402,905 | -€971,657 | -70.7% |
| Deferred charges and accrued income | 490/1 | €147,599 | €20,110 | -€127,489 | -86.4% |
| Total equity and liabilities | 10/49 | €15,102,092 | €14,959,407 | -€142,685 | -0.9% |
| Equity | 10/15 | €7,818,498 | €9,058,847 | +€1.2m | +15.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €281,660 | €660,560 | +€378,900 | +135% |
| Non-distributable reserves | 130/1 | €8,010 | €8,010 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,650 | €652,550 | +€378,900 | +138% |
| Profit (loss) carried forward | 14 | €7,475,338 | €8,336,787 | +€861,449 | +11.5% |
| Amounts payable | 17/49 | €7,283,595 | €5,900,560 | -€1.4m | -19.0% |
| Amounts payable within one year | 42/48 | €7,247,293 | €5,892,496 | -€1.4m | -18.7% |
| Financial debts | 43 | €2,871,511 | €3,005,008 | +€133,497 | +4.6% |
| Credit institutions | 430/8 | €2,871,511 | €3,005,008 | +€133,497 | +4.6% |
| Trade debts | 44 | €3,892,737 | €2,513,190 | -€1.4m | -35.4% |
| Suppliers | 440/4 | €3,892,737 | €2,513,190 | -€1.4m | -35.4% |
| Taxes, remuneration and social security | 45 | €407,510 | €362,706 | -€44,804 | -11.0% |
| Taxes | 450/3 | €215,166 | €157,334 | -€57,832 | -26.9% |
| Remuneration and social security | 454/9 | €192,343 | €205,371 | +€13,028 | +6.8% |
| Other amounts payable | 47/48 | €75,535 | €11,592 | -€63,943 | -84.7% |
| Accrued charges and deferred income | 492/3 | €36,302 | €8,064 | -€28,238 | -77.8% |
| Operating income | 70/76A | €23,473,909 | €24,370,201 | +€896,292 | +3.8% |
| Turnover | 70 | €23,273,855 | €23,986,554 | +€712,699 | +3.1% |
| Other operating income | 74 | €200,054 | €383,647 | +€183,592 | +91.8% |
| Operating charges | 60/66A | €21,678,609 | €22,890,193 | +€1.2m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €18,054,773 | €18,903,627 | +€848,854 | +4.7% |
| Purchases | 600/8 | €18,626,286 | €19,453,383 | +€827,097 | +4.4% |
| Change in stocks: decrease (increase) | 609 | -€571,513 | -€549,756 | +€21,757 | +3.8% |
| Services and other goods | 61 | €1,792,312 | €1,919,662 | +€127,350 | +7.1% |
| Remuneration, social security and pensions | 62 | €1,698,569 | €2,011,999 | +€313,431 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,255 | €86,546 | +€20,292 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,006 | -€190,069 | -€244,075 | |
| Other operating charges | 640/8 | €12,696 | €158,427 | +€145,731 | +1,148% |
| Operating profit (loss) | 9901 | €1,795,301 | €1,480,009 | -€315,292 | -17.6% |
| Financial income | 75/76B | €205,934 | €396,255 | +€190,321 | +92.4% |
| Recurring financial income | 75 | €205,934 | €396,255 | +€190,321 | +92.4% |
| Income from current assets | 751 | €115,000 | €159,827 | +€44,827 | +39.0% |
| Other financial income | 752/9 | €90,934 | €236,428 | +€145,494 | +160% |
| Financial charges | 65/66B | €186,512 | €253,690 | +€67,177 | +36.0% |
| Recurring financial charges | 65 | €186,512 | €253,690 | +€67,177 | +36.0% |
| Debt charges | 650 | €104,507 | €111,209 | +€6,702 | +6.4% |
| Other financial charges | 652/9 | €82,005 | €142,481 | +€60,475 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €1,814,723 | €1,622,574 | -€192,148 | -10.6% |
| Income taxes | 67/77 | €446,744 | €382,225 | -€64,519 | -14.4% |
| Taxes | 670/3 | €457,950 | €408,118 | -€49,832 | -10.9% |
| Tax adjustments and reversals of tax provisions | 77 | €11,206 | €25,893 | +€14,687 | +131% |
| Profit (loss) for the period | 9904 | €1,367,978 | €1,240,349 | -€127,629 | -9.3% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €378,900 | +€105,250 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,094,328 | €861,449 | -€232,879 | -21.3% |
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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.