VERCOTECH: 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.
VERCOTECH
Largest movements
- Stocks and contracts +€485,781
new in 2025: €485,781
- Receivables within one year +€31,339
up €31,339 (+763.0%), from €4,107 to €35,446
of which Trade receivables: +€32,484
- Cash -€19,885
down €19,885 (-74.8%), from €26,578 to €6,694
mainly Stocks and contracts (-€485,781) and Receivables within one year (-€31,339)
- Debts after one year +€348,799
new in 2025: €348,799
- Other debts +€91,687
up €91,687 (+243136.6%), from €38 to €91,725
- Trade debts +€30,266
up €30,266 (+440.3%), from €6,874 to €37,140
- Tax, wage and social debts +€14,384
up €14,384 (+628.6%), from €2,288 to €16,673
of which Taxes: +€14,775
- Profit (loss) carried forward +€9,849
up €9,849 (+44.2%), from €22,268 to €32,117
- Staff costs -€7,587
down €7,587, from €7,462 to -€125
- Gross operating margin -€4,714
down €4,714 (-22.7%), from €20,752 to €16,037
- Other operating charges -€3,496
down €3,496 (-74.7%), from €4,681 to €1,185
- Financial charges +€1,340
up €1,340 (+177.0%), from €757 to €2,097
- Taxes +€875
up €875 (+46.1%), from €1,898 to €2,773
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 | €33,218 | €528,202 | +€494,985 | +1490.1% |
| Fixed assets | 21/28 | €540 | €282 | -€258 | -47.8% |
| Tangible fixed assets | 22/27 | €540 | €282 | -€258 | -47.8% |
| Plant, machinery and equipment | 23 | - | €129 | +€129 | |
| Furniture and vehicles | 24 | €540 | €153 | -€387 | -71.7% |
| Current assets | 29/58 | €32,678 | €527,920 | +€495,243 | +1515.5% |
| Stocks and contracts in progress | 3 | - | €485,781 | +€485,781 | |
| Stocks | 30/36 | - | €485,781 | +€485,781 | |
| Amounts receivable within one year | 40/41 | €4,107 | €35,446 | +€31,339 | +763.0% |
| Trade receivables | 40 | €2,962 | €35,446 | +€32,484 | +1096.9% |
| Other amounts receivable | 41 | €1,146 | - | -€1,146 | |
| Cash at bank and in hand | 54/58 | €26,578 | €6,694 | -€19,885 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,992 | - | -€1,992 | |
| Total equity and liabilities | 10/49 | €33,218 | €528,202 | +€494,985 | +1490.1% |
| Equity | 10/15 | €24,018 | €33,867 | +€9,849 | +41.0% |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,268 | €32,117 | +€9,849 | +44.2% |
| Amounts payable | 17/49 | €9,200 | €494,336 | +€485,135 | +5273.1% |
| Amounts payable after more than one year | 17 | - | €348,799 | +€348,799 | |
| Financial debts | 170/4 | - | €348,799 | +€348,799 | |
| Amounts payable within one year | 42/48 | €9,200 | €145,537 | +€136,337 | +1481.9% |
| Trade debts | 44 | €6,874 | €37,140 | +€30,266 | +440.3% |
| Suppliers | 440/4 | €6,874 | €37,140 | +€30,266 | +440.3% |
| Taxes, remuneration and social security | 45 | €2,288 | €16,673 | +€14,384 | +628.6% |
| Taxes | 450/3 | €1,898 | €16,673 | +€14,775 | +778.6% |
| Remuneration and social security | 454/9 | €391 | - | -€391 | |
| Other amounts payable | 47/48 | €38 | €91,725 | +€91,687 | +243136.6% |
| Remuneration, social security and pensions | 62 | €7,462 | -€125 | -€7,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €258 | -€26 | -9.1% |
| Other operating charges | 640/8 | €4,681 | €1,185 | -€3,496 | -74.7% |
| Non-recurring operating charges | 66A | €514 | - | -€514 | |
| Gross operating margin | 9900 | €20,752 | €16,037 | -€4,714 | -22.7% |
| Operating profit (loss) | 9901 | €7,810 | €14,719 | +€6,909 | +88.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €757 | €2,097 | +€1,340 | +177.0% |
| Recurring financial charges | 65 | €757 | €2,097 | +€1,340 | +177.0% |
| Profit (loss) for the period before taxes | 9903 | €7,053 | €12,622 | +€5,569 | +79.0% |
| Income taxes | 67/77 | €1,898 | €2,773 | +€875 | +46.1% |
| Profit (loss) for the period | 9904 | €5,155 | €9,849 | +€4,694 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,155 | €9,849 | +€4,694 | +91.1% |
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.