VERCON: 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.
VERCON
Largest movements
- Tangible fixed assets -€202,915
down €202,915 (-2.9%), from €7.0m to €6.8m
of which Land and buildings: -€202,915
- Other debts -€271,677
down €271,677 (-3.8%), from €7.2m to €6.9m
- Profit (loss) carried forward +€95,162
up €95,162 (+66.1%), from -€143,960 to -€48,798
- Gross operating margin +€237,069
up €237,069 (+275%), from €86,335 to €323,404
- Depreciation +€177,495
up €177,495 (+355%), from €50,031 to €227,526
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,124,926 | €6,896,135 | -€228,791 | -3.2% |
| Fixed assets | 21/28 | €7,029,773 | €6,826,858 | -€202,915 | -2.9% |
| Tangible fixed assets | 22/27 | €7,029,773 | €6,826,858 | -€202,915 | -2.9% |
| Land and buildings | 22 | €7,029,773 | €6,826,858 | -€202,915 | -2.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €95,153 | €69,277 | -€25,876 | -27.2% |
| Amounts receivable within one year | 40/41 | €231 | €319 | +€87 | +37.6% |
| Trade receivables | 40 | €231 | €319 | +€87 | +37.6% |
| Cash at bank and in hand | 54/58 | €68,094 | €65,116 | -€2,978 | -4.4% |
| Deferred charges and accrued income | 490/1 | €26,828 | €3,843 | -€22,985 | -85.7% |
| Total equity and liabilities | 10/49 | €7,124,926 | €6,896,135 | -€228,791 | -3.2% |
| Equity | 10/15 | -€125,360 | -€30,198 | +€95,162 | +75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,960 | -€48,798 | +€95,162 | +66.1% |
| Amounts payable | 17/49 | €7,250,285 | €6,926,333 | -€323,953 | -4.5% |
| Amounts payable within one year | 42/48 | €7,226,454 | €6,904,377 | -€322,077 | -4.5% |
| Trade debts | 44 | €58,862 | €8,462 | -€50,400 | -85.6% |
| Suppliers | 440/4 | €58,862 | €8,462 | -€50,400 | -85.6% |
| Other amounts payable | 47/48 | €7,167,592 | €6,895,915 | -€271,677 | -3.8% |
| Accrued charges and deferred income | 492/3 | €23,831 | €21,955 | -€1,876 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,031 | €227,526 | +€177,495 | +355% |
| Other operating charges | 640/8 | €1,392 | €375 | -€1,017 | -73.1% |
| Gross operating margin | 9900 | €86,335 | €323,404 | +€237,069 | +275% |
| Operating profit (loss) | 9901 | €34,912 | €95,503 | +€60,591 | +174% |
| Financial income | 75/76B | €274 | €14 | -€260 | -94.9% |
| Recurring financial income | 75 | €274 | €14 | -€260 | -94.9% |
| Financial charges | 65/66B | €295 | €355 | +€61 | +20.5% |
| Recurring financial charges | 65 | €295 | €355 | +€61 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €34,891 | €95,162 | +€60,271 | +173% |
| Profit (loss) for the period | 9904 | €34,891 | €95,162 | +€60,271 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €34,891 | €95,162 | +€60,271 | +173% |
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 14 October 2026 via checked.be.