VERCON PROJECTS: 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 PROJECTS
Largest movements
- Cash -€17,044
down €17,044 (-33.0%), from €51,661 to €34,617
mainly Contributions, distributions and other (-€51,666) and Other debts (-€19,144)
- Receivables within one year +€6,143
up €6,143 (+19.0%), from €32,352 to €38,495
of which Trade receivables: +€6,143
- Tangible fixed assets -€2,330
down €2,330 (-21.1%), from €11,045 to €8,715
of which Other tangible fixed assets: -€1,372
- Deferred charges and accrued income -€1,244
down €1,244 (-72.1%), from €1,725 to €481
- Other debts -€19,144
down €19,144 (-30.2%), from €63,310 to €44,166
- Reserves +€12,457
up €12,457 (+168.6%), from €7,391 to €19,848
- Trade debts -€7,641
down €7,641 (-75.8%), from €10,081 to €2,440
- Depreciation -€6,799
down €6,799 (-74.5%), from €9,129 to €2,330
- Taxes +€1,041
up €1,041 (+6.2%), from €16,717 to €17,757
- Financial charges +€885
up €885 (+431.8%), from €205 to €1,090
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 | €96,787 | €82,313 | -€14,474 | -15.0% |
| Fixed assets | 21/28 | €11,050 | €8,720 | -€2,330 | -21.1% |
| Tangible fixed assets | 22/27 | €11,045 | €8,715 | -€2,330 | -21.1% |
| Plant, machinery and equipment | 23 | €1,668 | €1,018 | -€651 | -39.0% |
| Furniture and vehicles | 24 | €307 | €0 | -€307 | -100.0% |
| Other tangible fixed assets | 26 | €9,069 | €7,697 | -€1,372 | -15.1% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €85,738 | €73,594 | -€12,144 | -14.2% |
| Amounts receivable within one year | 40/41 | €32,352 | €38,495 | +€6,143 | +19.0% |
| Trade receivables | 40 | €19,058 | €25,201 | +€6,143 | +32.2% |
| Other amounts receivable | 41 | €13,294 | €13,294 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,661 | €34,617 | -€17,044 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,725 | €481 | -€1,244 | -72.1% |
| Total equity and liabilities | 10/49 | €96,787 | €82,313 | -€14,474 | -15.0% |
| Equity | 10/15 | €17,391 | €29,848 | +€12,457 | +71.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,391 | €19,848 | +€12,457 | +168.6% |
| Distributable reserves | 133 | €7,391 | €19,848 | +€12,457 | +168.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,397 | €52,466 | -€26,931 | -33.9% |
| Amounts payable within one year | 42/48 | €79,397 | €52,466 | -€26,931 | -33.9% |
| Trade debts | 44 | €10,081 | €2,440 | -€7,641 | -75.8% |
| Suppliers | 440/4 | €10,081 | €2,440 | -€7,641 | -75.8% |
| Taxes, remuneration and social security | 45 | €6,006 | €5,859 | -€147 | -2.4% |
| Taxes | 450/3 | €6,006 | €5,859 | -€147 | -2.4% |
| Other amounts payable | 47/48 | €63,310 | €44,166 | -€19,144 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,129 | €2,330 | -€6,799 | -74.5% |
| Other operating charges | 640/8 | €926 | €1,236 | +€310 | +33.5% |
| Gross operating margin | 9900 | €85,791 | €86,536 | +€745 | +0.9% |
| Operating profit (loss) | 9901 | €75,736 | €82,970 | +€7,234 | +9.6% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.0% |
| Financial charges | 65/66B | €205 | €1,090 | +€885 | +431.8% |
| Recurring financial charges | 65 | €205 | €1,090 | +€885 | +431.8% |
| Profit (loss) for the period before taxes | 9903 | €75,542 | €81,881 | +€6,339 | +8.4% |
| Income taxes | 67/77 | €16,717 | €17,757 | +€1,041 | +6.2% |
| Profit (loss) for the period | 9904 | €58,825 | €64,123 | +€5,298 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,825 | €64,123 | +€5,298 | +9.0% |
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.