Vercotra: 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.
Vercotra
Largest movements
- Cash +€4,017
up €4,017 (+15.1%), from €26,687 to €30,704
mainly Net result for the year (+€6,929) and Receivables within one year (+€1,068)
- Receivables within one year -€1,068
down €1,068 (-9.1%), from €11,754 to €10,686
of which Trade receivables: -€8,693
- Reserves +€6,929
up €6,929 (+26.7%), from €25,916 to €32,845
of which Distributable reserves: +€6,929
- Trade debts -€4,659
down €4,659 (-89.0%), from €5,233 to €574
- Tax, wage and social debts +€761
up €761 (+48.2%), from €1,579 to €2,340
- Gross operating margin +€2,188
up €2,188 (+32.8%), from €6,662 to €8,850
- Financial income +€1,719
up €1,719 (+1,359%), from €127 to €1,846
- Taxes +€1,008
up €1,008 (+52.1%), from €1,936 to €2,944
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 | €39,364 | €42,395 | +€3,031 | +7.7% |
| Fixed assets | 21/28 | €596 | €394 | -€203 | -34.0% |
| Tangible fixed assets | 22/27 | €596 | €394 | -€203 | -34.0% |
| Furniture and vehicles | 24 | €596 | €394 | -€203 | -34.0% |
| Current assets | 29/58 | €38,768 | €42,001 | +€3,234 | +8.3% |
| Amounts receivable within one year | 40/41 | €11,754 | €10,686 | -€1,068 | -9.1% |
| Trade receivables | 40 | €11,382 | €2,689 | -€8,693 | -76.4% |
| Other amounts receivable | 41 | €373 | €7,998 | +€7,625 | +2,047% |
| Cash at bank and in hand | 54/58 | €26,687 | €30,704 | +€4,017 | +15.1% |
| Deferred charges and accrued income | 490/1 | €326 | €611 | +€285 | +87.3% |
| Total equity and liabilities | 10/49 | €39,364 | €42,395 | +€3,031 | +7.7% |
| Equity | 10/15 | €32,553 | €39,481 | +€6,929 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,916 | €32,845 | +€6,929 | +26.7% |
| Non-distributable reserves | 130/1 | €1,090 | €1,090 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,090 | €1,090 | = | 0.0% |
| Distributable reserves | 133 | €24,826 | €31,755 | +€6,929 | +27.9% |
| Profit (loss) carried forward | 14 | €436 | €436 | = | 0.0% |
| Amounts payable | 17/49 | €6,812 | €2,914 | -€3,898 | -57.2% |
| Amounts payable within one year | 42/48 | €6,812 | €2,914 | -€3,898 | -57.2% |
| Trade debts | 44 | €5,233 | €574 | -€4,659 | -89.0% |
| Suppliers | 440/4 | €5,233 | €574 | -€4,659 | -89.0% |
| Taxes, remuneration and social security | 45 | €1,579 | €2,340 | +€761 | +48.2% |
| Taxes | 450/3 | €1,579 | €2,340 | +€761 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183 | €203 | +€20 | +10.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €6,662 | €8,850 | +€2,188 | +32.8% |
| Operating profit (loss) | 9901 | €6,091 | €8,247 | +€2,156 | +35.4% |
| Financial income | 75/76B | €127 | €1,846 | +€1,719 | +1,359% |
| Recurring financial income | 75 | €127 | €1,846 | +€1,719 | +1,359% |
| Financial charges | 65/66B | €152 | €220 | +€68 | +44.6% |
| Recurring financial charges | 65 | €152 | €220 | +€68 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €6,065 | €9,873 | +€3,808 | +62.8% |
| Income taxes | 67/77 | €1,936 | €2,944 | +€1,008 | +52.1% |
| Profit (loss) for the period | 9904 | €4,129 | €6,929 | +€2,799 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,129 | €6,929 | +€2,799 | +67.8% |
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 13 October 2026 via checked.be.