VERCOUTERE JACQUES: 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.
VERCOUTERE JACQUES
Largest movements
- Stocks and contracts -€704,104
down €704,104 (-73.7%), from €954,725 to €250,621
of which Stocks: -€689,806
- Receivables within one year +€532,476
up €532,476 (+207%), from €257,140 to €789,617
of which Trade receivables: +€540,172
- Cash +€46,082
up €46,082 (+430%), from €10,717 to €56,799
mainly Stocks and contracts (+€704,104) and Advances received (+€677,625)
- Tangible fixed assets -€16,723
down €16,723 (-11.1%), from €150,009 to €133,286
of which Land and buildings: -€11,412
- Short-term financial debts -€780,257
down €780,257 (-98.4%), from €792,598 to €12,340
- Advances received +€677,625
new in 2024: €677,625
- Reserves +€74,159
up €74,159 (+31.7%), from €233,971 to €308,130
of which Distributable reserves: +€74,159
- Debts after one year -€40,671
down €40,671 (-35.7%), from €114,032 to €73,362
- Tax, wage and social debts -€40,149
down €40,149 (-45.0%), from €89,278 to €49,129
of which Remuneration and social security: -€48,030
- Staff costs -€205,814
down €205,814 (-31.6%), from €650,471 to €444,657
- Gross operating margin -€201,030
down €201,030 (-29.6%), from €678,916 to €477,886
- Financial income +€144,489
up €144,489 (+1,642%), from €8,797 to €153,286
of which Non-recurring financial income: +€152,500
- Financial charges +€39,378
up €39,378 (+391%), from €10,083 to €49,461
- Depreciation -€26,252
down €26,252 (-63.0%), from €41,641 to €15,389
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,379,845 | €1,237,479 | -€142,365 | -10.3% |
| Fixed assets | 21/28 | €157,165 | €140,442 | -€16,723 | -10.6% |
| Tangible fixed assets | 22/27 | €150,009 | €133,286 | -€16,723 | -11.1% |
| Land and buildings | 22 | €132,737 | €121,326 | -€11,412 | -8.6% |
| Furniture and vehicles | 24 | €14,286 | €9,970 | -€4,316 | -30.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,986 | €1,991 | -€995 | -33.3% |
| Financial fixed assets | 28 | €7,155 | €7,155 | = | 0.0% |
| Current assets | 29/58 | €1,222,680 | €1,097,038 | -€125,643 | -10.3% |
| Stocks and contracts in progress | 3 | €954,725 | €250,621 | -€704,104 | -73.7% |
| Stocks | 30/36 | €940,427 | €250,621 | -€689,806 | -73.4% |
| Contracts in progress | 37 | €14,298 | €0 | -€14,298 | -100% |
| Amounts receivable within one year | 40/41 | €257,140 | €789,617 | +€532,476 | +207% |
| Trade receivables | 40 | €224,585 | €764,757 | +€540,172 | +241% |
| Other amounts receivable | 41 | €32,556 | €24,860 | -€7,696 | -23.6% |
| Cash at bank and in hand | 54/58 | €10,717 | €56,799 | +€46,082 | +430% |
| Deferred charges and accrued income | 490/1 | €97 | €0 | -€97 | -100% |
| Total equity and liabilities | 10/49 | €1,379,845 | €1,237,479 | -€142,365 | -10.3% |
| Equity | 10/15 | €252,571 | €326,730 | +€74,159 | +29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,971 | €308,130 | +€74,159 | +31.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,520 | €32,520 | = | 0.0% |
| Distributable reserves | 133 | €199,591 | €273,750 | +€74,159 | +37.2% |
| Amounts payable | 17/49 | €1,127,274 | €910,750 | -€216,524 | -19.2% |
| Amounts payable after more than one year | 17 | €114,032 | €73,362 | -€40,671 | -35.7% |
| Financial debts | 170/4 | €114,032 | €73,362 | -€40,671 | -35.7% |
| Amounts payable within one year | 42/48 | €1,013,241 | €837,388 | -€175,853 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €56,020 | €40,671 | -€15,349 | -27.4% |
| Financial debts | 43 | €792,598 | €12,340 | -€780,257 | -98.4% |
| Credit institutions | 430/8 | €792,598 | €12,340 | -€780,257 | -98.4% |
| Trade debts | 44 | €75,346 | €56,122 | -€19,223 | -25.5% |
| Suppliers | 440/4 | €75,346 | €56,122 | -€19,223 | -25.5% |
| Advances received on contracts in progress | 46 | - | €677,625 | +€677,625 | |
| Taxes, remuneration and social security | 45 | €89,278 | €49,129 | -€40,149 | -45.0% |
| Taxes | 450/3 | €14,514 | €22,396 | +€7,881 | +54.3% |
| Remuneration and social security | 454/9 | €74,764 | €26,733 | -€48,030 | -64.2% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €211,652 | +€211,652 | |
| Remuneration, social security and pensions | 62 | €650,471 | €444,657 | -€205,814 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,641 | €15,389 | -€26,252 | -63.0% |
| Other operating charges | 640/8 | €6,900 | €6,542 | -€358 | -5.2% |
| Non-recurring operating charges | 66A | €254 | €23,267 | +€23,013 | +9,056% |
| Gross operating margin | 9900 | €678,916 | €477,886 | -€201,030 | -29.6% |
| Operating profit (loss) | 9901 | -€20,351 | -€11,968 | +€8,382 | +41.2% |
| Financial income | 75/76B | €8,797 | €153,286 | +€144,489 | +1,642% |
| Recurring financial income | 75 | €8,797 | €786 | -€8,011 | -91.1% |
| Non-recurring financial income | 76B | - | €152,500 | +€152,500 | |
| Financial charges | 65/66B | €10,083 | €49,461 | +€39,378 | +391% |
| Recurring financial charges | 65 | €10,083 | €49,461 | +€39,378 | +391% |
| Profit (loss) for the period before taxes | 9903 | -€21,637 | €91,856 | +€113,493 | |
| Income taxes | 67/77 | €599 | €17,697 | +€17,098 | +2,856% |
| Profit (loss) for the period | 9904 | -€22,236 | €74,159 | +€96,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,236 | €74,159 | +€96,394 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.