Vercoutere RM: 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 RM
Largest movements
- Tangible fixed assets +€221,297
up €221,297 (+24.1%), from €918,764 to €1.1m
of which Land and buildings: +€239,643
- Financial fixed assets -€72,889
down €72,889 (-9.4%), from €772,718 to €699,829
- Receivables within one year -€50,162
down €50,162 (-48.6%), from €103,145 to €52,983
of which Other amounts receivable: -€46,857
- Debts after one year +€150,228
up €150,228 (+24.0%), from €624,817 to €775,045
- Other debts -€34,857
down €34,857 (-69.7%), from €50,000 to €15,143
- Short-term financial debts -€23,680
down €23,680 (-41.5%), from €57,045 to €33,365
- Current portion of long-term debt +€22,946
up €22,946 (+29.9%), from €76,826 to €99,772
- Gross operating margin -€498,964
down €498,964 (-83.3%), from €599,180 to €100,216
- Taxes -€120,059
down €120,059 (-96.1%), from €124,887 to €4,828
- Depreciation +€37,604
up €37,604 (+78.0%), from €48,206 to €85,810
- Staff costs -€26,144
down €26,144 (-99.1%), from €26,387 to €243
- Financial income +€13,641
up €13,641 (+391%), from €3,486 to €17,127
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 | €1,807,665 | €1,915,372 | +€107,707 | +6.0% |
| Fixed assets | 21/28 | €1,691,482 | €1,839,890 | +€148,407 | +8.8% |
| Tangible fixed assets | 22/27 | €918,764 | €1,140,061 | +€221,297 | +24.1% |
| Land and buildings | 22 | €864,178 | €1,103,821 | +€239,643 | +27.7% |
| Furniture and vehicles | 24 | €54,586 | €36,240 | -€18,346 | -33.6% |
| Financial fixed assets | 28 | €772,718 | €699,829 | -€72,889 | -9.4% |
| Current assets | 29/58 | €116,183 | €75,483 | -€40,701 | -35.0% |
| Amounts receivable within one year | 40/41 | €103,145 | €52,983 | -€50,162 | -48.6% |
| Trade receivables | 40 | €29,360 | €26,055 | -€3,305 | -11.3% |
| Other amounts receivable | 41 | €73,785 | €26,928 | -€46,857 | -63.5% |
| Cash at bank and in hand | 54/58 | €12,330 | €20,802 | +€8,472 | +68.7% |
| Deferred charges and accrued income | 490/1 | €708 | €1,697 | +€989 | +140% |
| Total equity and liabilities | 10/49 | €1,807,665 | €1,915,372 | +€107,707 | +6.0% |
| Equity | 10/15 | €989,018 | €983,260 | -€5,758 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €23,250 | €23,250 | = | 0.0% |
| Reserves | 13 | €947,168 | €941,410 | -€5,758 | -0.6% |
| Distributable reserves | 133 | €947,168 | €941,410 | -€5,758 | -0.6% |
| Amounts payable | 17/49 | €818,647 | €932,112 | +€113,465 | +13.9% |
| Amounts payable after more than one year | 17 | €624,817 | €775,045 | +€150,228 | +24.0% |
| Financial debts | 170/4 | €624,817 | €775,045 | +€150,228 | +24.0% |
| Amounts payable within one year | 42/48 | €188,225 | €153,035 | -€35,190 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €76,826 | €99,772 | +€22,946 | +29.9% |
| Financial debts | 43 | €57,045 | €33,365 | -€23,680 | -41.5% |
| Credit institutions | 430/8 | €57,045 | €33,365 | -€23,680 | -41.5% |
| Trade debts | 44 | €2,280 | €2,082 | -€197 | -8.6% |
| Suppliers | 440/4 | €2,280 | €2,082 | -€197 | -8.6% |
| Taxes, remuneration and social security | 45 | €2,074 | €2,672 | +€598 | +28.8% |
| Taxes | 450/3 | - | €2,672 | +€2,672 | |
| Remuneration and social security | 454/9 | €2,074 | - | -€2,074 | |
| Other amounts payable | 47/48 | €50,000 | €15,143 | -€34,857 | -69.7% |
| Accrued charges and deferred income | 492/3 | €5,605 | €4,033 | -€1,573 | -28.1% |
| Remuneration, social security and pensions | 62 | €26,387 | €243 | -€26,144 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,206 | €85,810 | +€37,604 | +78.0% |
| Other operating charges | 640/8 | €3,530 | €3,630 | +€101 | +2.9% |
| Gross operating margin | 9900 | €599,180 | €100,216 | -€498,964 | -83.3% |
| Operating profit (loss) | 9901 | €521,057 | €10,533 | -€510,525 | -98.0% |
| Financial income | 75/76B | €3,486 | €17,127 | +€13,641 | +391% |
| Recurring financial income | 75 | €3,486 | €17,127 | +€13,641 | +391% |
| Financial charges | 65/66B | €11,875 | €10,775 | -€1,099 | -9.3% |
| Recurring financial charges | 65 | €11,875 | €10,775 | -€1,099 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €512,669 | €16,884 | -€495,785 | -96.7% |
| Income taxes | 67/77 | €124,887 | €4,828 | -€120,059 | -96.1% |
| Profit (loss) for the period | 9904 | €387,782 | €12,057 | -€375,725 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €387,782 | €12,057 | -€375,725 | -96.9% |
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 21 October 2026 via checked.be.