VerCor: 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.
VerCor
Largest movements
- Cash -€13,033
down €13,033 (-37.9%), from €34,345 to €21,313
mainly Contributions, distributions and other (-€69,000) and Investment in fixed assets (net) (-€8,331)
- Receivables within one year +€1,465
up €1,465 (+20.0%), from €7,337 to €8,802
of which Other amounts receivable: +€779
- Tangible fixed assets +€1,314
up €1,314 (+10.2%), from €12,878 to €14,191
of which Other tangible fixed assets: +€3,969
- Intangible fixed assets -€700
down €700 (-48.7%), from €1,436 to €736
- Reserves -€39,954
down €39,954 (-98.0%), from €40,770 to €816
- Other debts +€37,165
up €37,165 (+9840.1%), from €378 to €37,543
- Tax, wage and social debts -€6,462
down €6,462 (-84.3%), from €7,662 to €1,200
of which Remuneration and social security: -€4,800
- Current portion of long-term debt -€1,707
down €1,707 (-66.0%), from €2,586 to €879
- Trade debts +€1,093
up €1,093 (+151.6%), from €721 to €1,814
- Gross operating margin -€904
down €904 (-1.8%), from €49,709 to €48,806
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 | €55,996 | €45,252 | -€10,744 | -19.2% |
| Fixed assets | 21/28 | €14,314 | €14,928 | +€614 | +4.3% |
| Intangible fixed assets | 21 | €1,436 | €736 | -€700 | -48.7% |
| Tangible fixed assets | 22/27 | €12,878 | €14,191 | +€1,314 | +10.2% |
| Furniture and vehicles | 24 | €12,878 | €10,222 | -€2,656 | -20.6% |
| Other tangible fixed assets | 26 | - | €3,969 | +€3,969 | |
| Current assets | 29/58 | €41,682 | €30,324 | -€11,358 | -27.2% |
| Amounts receivable within one year | 40/41 | €7,337 | €8,802 | +€1,465 | +20.0% |
| Trade receivables | 40 | €5,890 | €6,576 | +€686 | +11.6% |
| Other amounts receivable | 41 | €1,447 | €2,226 | +€779 | +53.9% |
| Cash at bank and in hand | 54/58 | €34,345 | €21,313 | -€13,033 | -37.9% |
| Deferred charges and accrued income | 490/1 | €0 | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €55,996 | €45,252 | -€10,744 | -19.2% |
| Equity | 10/15 | €43,770 | €3,816 | -€39,954 | -91.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,770 | €816 | -€39,954 | -98.0% |
| Distributable reserves | 133 | €40,770 | €816 | -€39,954 | -98.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,226 | €41,436 | +€29,210 | +238.9% |
| Amounts payable after more than one year | 17 | €879 | €0 | -€879 | -100.0% |
| Financial debts | 170/4 | €879 | €0 | -€879 | -100.0% |
| Amounts payable within one year | 42/48 | €11,347 | €41,436 | +€30,090 | +265.2% |
| Current portion of amounts payable after more than one year | 42 | €2,586 | €879 | -€1,707 | -66.0% |
| Trade debts | 44 | €721 | €1,814 | +€1,093 | +151.6% |
| Suppliers | 440/4 | €721 | €1,814 | +€1,093 | +151.6% |
| Taxes, remuneration and social security | 45 | €7,662 | €1,200 | -€6,462 | -84.3% |
| Taxes | 450/3 | €2,862 | €1,200 | -€1,662 | -58.1% |
| Remuneration and social security | 454/9 | €4,800 | €0 | -€4,800 | -100.0% |
| Other amounts payable | 47/48 | €378 | €37,543 | +€37,165 | +9840.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,742 | €7,717 | -€25 | -0.3% |
| Other operating charges | 640/8 | €759 | €1,180 | +€421 | +55.4% |
| Gross operating margin | 9900 | €49,709 | €48,806 | -€904 | -1.8% |
| Operating profit (loss) | 9901 | €41,208 | €39,908 | -€1,300 | -3.2% |
| Financial income | 75/76B | €5 | €30 | +€25 | +565.0% |
| Recurring financial income | 75 | €5 | €30 | +€25 | +565.0% |
| Financial charges | 65/66B | €591 | €457 | -€134 | -22.6% |
| Recurring financial charges | 65 | €591 | €457 | -€134 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €40,622 | €39,481 | -€1,140 | -2.8% |
| Income taxes | 67/77 | €10,662 | €10,436 | -€226 | -2.1% |
| Profit (loss) for the period | 9904 | €29,960 | €29,046 | -€915 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,960 | €29,046 | -€915 | -3.1% |
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 8 October 2026 via checked.be.