VERCORRO: 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.
VERCORRO
Largest movements
- Cash +€5,541
up €5,541 (+93.9%), from €5,901 to €11,442
mainly Net result for the year (+€4,624) and Contributions, distributions and other (+€3,480)
- Receivables within one year -€1,501
down €1,501 (-12.8%), from €11,760 to €10,259
of which Trade receivables: -€2,010
- Tangible fixed assets +€1,348
up €1,348 (+60.2%), from €2,238 to €3,585
- Profit (loss) carried forward +€8,104
up €8,104 (+140%), from €5,809 to €13,913
- Other debts -€5,544
down €5,544 (-100%), from €5,544 to €0
- Tax, wage and social debts +€1,718
up €1,718 (+211%), from €816 to €2,534
- Trade debts +€1,013
up €1,013 (+12.5%), from €8,079 to €9,092
- Gross operating margin +€8,201
up €8,201 (+186%), from €4,405 to €12,606
- Financial charges +€3,626
up €3,626 (+3,349%), from €108 to €3,734
- Taxes +€916
up €916 (+112%), from €816 to €1,732
- Other operating charges +€379
up €379 (+88.7%), from €427 to €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.
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 | €23,248 | €28,539 | +€5,291 | +22.8% |
| Fixed assets | 21/28 | €2,238 | €3,585 | +€1,348 | +60.2% |
| Tangible fixed assets | 22/27 | €2,238 | €3,585 | +€1,348 | +60.2% |
| Furniture and vehicles | 24 | €2,238 | €3,585 | +€1,348 | +60.2% |
| Current assets | 29/58 | €21,010 | €24,953 | +€3,943 | +18.8% |
| Amounts receivable within one year | 40/41 | €11,760 | €10,259 | -€1,501 | -12.8% |
| Trade receivables | 40 | €8,410 | €6,400 | -€2,010 | -23.9% |
| Other amounts receivable | 41 | €3,350 | €3,859 | +€509 | +15.2% |
| Cash at bank and in hand | 54/58 | €5,901 | €11,442 | +€5,541 | +93.9% |
| Deferred charges and accrued income | 490/1 | €3,349 | €3,253 | -€96 | -2.9% |
| Total equity and liabilities | 10/49 | €23,248 | €28,539 | +€5,291 | +22.8% |
| Equity | 10/15 | €8,809 | €16,913 | +€8,104 | +92.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,809 | €13,913 | +€8,104 | +140% |
| Amounts payable | 17/49 | €14,439 | €11,626 | -€2,813 | -19.5% |
| Amounts payable within one year | 42/48 | €14,439 | €11,626 | -€2,813 | -19.5% |
| Trade debts | 44 | €8,079 | €9,092 | +€1,013 | +12.5% |
| Suppliers | 440/4 | €8,079 | €9,092 | +€1,013 | +12.5% |
| Taxes, remuneration and social security | 45 | €816 | €2,534 | +€1,718 | +211% |
| Taxes | 450/3 | €816 | €2,534 | +€1,718 | +211% |
| Other amounts payable | 47/48 | €5,544 | €0 | -€5,544 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €1,733 | +€45 | +2.7% |
| Other operating charges | 640/8 | €427 | €806 | +€379 | +88.7% |
| Gross operating margin | 9900 | €4,405 | €12,606 | +€8,201 | +186% |
| Operating profit (loss) | 9901 | €2,290 | €10,067 | +€7,777 | +340% |
| Financial income | 75/76B | €14 | €23 | +€9 | +62.0% |
| Recurring financial income | 75 | €14 | €23 | +€9 | +62.0% |
| Financial charges | 65/66B | €108 | €3,734 | +€3,626 | +3,349% |
| Recurring financial charges | 65 | €108 | €3,734 | +€3,626 | +3,349% |
| Profit (loss) for the period before taxes | 9903 | €2,196 | €6,356 | +€4,160 | +189% |
| Income taxes | 67/77 | €816 | €1,732 | +€916 | +112% |
| Profit (loss) for the period | 9904 | €1,380 | €4,624 | +€3,244 | +235% |
| Profit (loss) for the period to be appropriated | 9905 | €1,380 | €4,624 | +€3,244 | +235% |
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 18 October 2026 via checked.be.