Vercon Construct: 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.
Vercon Construct
Largest movements
- Receivables within one year +€132,224
up €132,224 (+217.0%), from €60,920 to €193,144
of which Other amounts receivable: +€126,166
- Cash +€18,454
up €18,454 (+700.7%), from €2,634 to €21,088
mainly Other debts (+€227,908) and Net result for the year (+€98,648)
- Tangible fixed assets -€13,274
down €13,274 (-3.6%), from €368,403 to €355,130
of which Land and buildings: -€7,862
- Other debts +€227,908
up €227,908 (+311.8%), from €73,103 to €301,011
- Profit (loss) carried forward -€101,352
down €101,352 (-86.7%), from €116,857 to €15,505
- Tax, wage and social debts +€38,490
up €38,490 (+8707.1%), from €442 to €38,933
- Debts after one year -€19,119
down €19,119 (-10.8%), from €176,566 to €157,447
- Trade debts -€9,841
down €9,841 (-78.9%), from €12,465 to €2,624
- Gross operating margin +€34,410
up €34,410 (+28.3%), from €121,563 to €155,973
- Taxes +€10,602
up €10,602 (+60.3%), from €17,593 to €28,195
- Depreciation -€7,204
down €7,204 (-28.1%), from €25,650 to €18,446
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 | €431,957 | €569,362 | +€137,405 | +31.8% |
| Fixed assets | 21/28 | €368,403 | €355,130 | -€13,274 | -3.6% |
| Tangible fixed assets | 22/27 | €368,403 | €355,130 | -€13,274 | -3.6% |
| Land and buildings | 22 | €317,772 | €309,909 | -€7,862 | -2.5% |
| Plant, machinery and equipment | 23 | €5,299 | €6,219 | +€920 | +17.4% |
| Furniture and vehicles | 24 | €45,332 | €39,001 | -€6,331 | -14.0% |
| Current assets | 29/58 | €63,554 | €214,233 | +€150,678 | +237.1% |
| Amounts receivable within one year | 40/41 | €60,920 | €193,144 | +€132,224 | +217.0% |
| Trade receivables | 40 | €7,859 | €13,916 | +€6,058 | +77.1% |
| Other amounts receivable | 41 | €53,062 | €179,228 | +€126,166 | +237.8% |
| Cash at bank and in hand | 54/58 | €2,634 | €21,088 | +€18,454 | +700.7% |
| Total equity and liabilities | 10/49 | €431,957 | €569,362 | +€137,405 | +31.8% |
| Equity | 10/15 | €149,859 | €48,507 | -€101,352 | -67.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,502 | €30,502 | = | 0.0% |
| Distributable reserves | 133 | €30,502 | €30,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,857 | €15,505 | -€101,352 | -86.7% |
| Amounts payable | 17/49 | €282,099 | €520,855 | +€238,757 | +84.6% |
| Amounts payable after more than one year | 17 | €176,566 | €157,447 | -€19,119 | -10.8% |
| Financial debts | 170/4 | €176,566 | €157,447 | -€19,119 | -10.8% |
| Amounts payable within one year | 42/48 | €104,501 | €361,687 | +€257,186 | +246.1% |
| Current portion of amounts payable after more than one year | 42 | €18,490 | €19,119 | +€629 | +3.4% |
| Trade debts | 44 | €12,465 | €2,624 | -€9,841 | -78.9% |
| Suppliers | 440/4 | €12,465 | €2,624 | -€9,841 | -78.9% |
| Taxes, remuneration and social security | 45 | €442 | €38,933 | +€38,490 | +8707.1% |
| Taxes | 450/3 | €442 | €38,933 | +€38,490 | +8707.1% |
| Other amounts payable | 47/48 | €73,103 | €301,011 | +€227,908 | +311.8% |
| Accrued charges and deferred income | 492/3 | €1,031 | €1,721 | +€690 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,650 | €18,446 | -€7,204 | -28.1% |
| Other operating charges | 640/8 | €559 | €1,902 | +€1,343 | +240.2% |
| Gross operating margin | 9900 | €121,563 | €155,973 | +€34,410 | +28.3% |
| Operating profit (loss) | 9901 | €95,353 | €135,624 | +€40,271 | +42.2% |
| Financial income | 75/76B | €1,163 | €111 | -€1,051 | -90.4% |
| Recurring financial income | 75 | €1,163 | €111 | -€1,051 | -90.4% |
| Financial charges | 65/66B | €7,641 | €8,892 | +€1,251 | +16.4% |
| Recurring financial charges | 65 | €7,641 | €8,892 | +€1,251 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €88,875 | €126,843 | +€37,968 | +42.7% |
| Income taxes | 67/77 | €17,593 | €28,195 | +€10,602 | +60.3% |
| Profit (loss) for the period | 9904 | €71,282 | €98,648 | +€27,367 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,282 | €98,648 | +€27,367 | +38.4% |
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 4 October 2026 via checked.be.