VERCRUYSSE: 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.
VERCRUYSSE
Largest movements
- Financial fixed assets -€281,408
down €281,408 (-100%), from €281,408 to €0
- Cash +€163,691
up €163,691 (+140%), from €116,772 to €280,462
mainly Investment in fixed assets (net) (+€281,408) and Receivables within one year (+€26,401)
- Receivables within one year -€26,401
down €26,401 (-77.4%), from €34,113 to €7,711
of which Other amounts receivable: -€25,000
- Profit (loss) carried forward -€145,625
down €145,625 (-72.5%), from €200,773 to €55,149
- Financial income -€77,655
down €77,655 (-100.0%), from €77,677 to €22
- Gross operating margin +€18,912
up €18,912 (+103%), from €18,319 to €37,232
- Taxes +€4,590
up €4,590 (+96.9%), from €4,738 to €9,328
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 | €434,956 | €289,975 | -€144,981 | -33.3% |
| Fixed assets | 21/28 | €281,408 | €0 | -€281,408 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €281,408 | €0 | -€281,408 | -100% |
| Current assets | 29/58 | €153,548 | €289,975 | +€136,427 | +88.8% |
| Amounts receivable within one year | 40/41 | €34,113 | €7,711 | -€26,401 | -77.4% |
| Trade receivables | 40 | €3,836 | €2,435 | -€1,401 | -36.5% |
| Other amounts receivable | 41 | €30,276 | €5,276 | -€25,000 | -82.6% |
| Cash at bank and in hand | 54/58 | €116,772 | €280,462 | +€163,691 | +140% |
| Deferred charges and accrued income | 490/1 | €2,663 | €1,801 | -€863 | -32.4% |
| Total equity and liabilities | 10/49 | €434,956 | €289,975 | -€144,981 | -33.3% |
| Equity | 10/15 | €429,866 | €284,242 | -€145,625 | -33.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €167,093 | €167,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,150 | €9,150 | = | 0.0% |
| Legal reserve | 130 | €9,150 | €9,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €101,693 | €101,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,773 | €55,149 | -€145,625 | -72.5% |
| Amounts payable | 17/49 | €5,089 | €5,733 | +€644 | +12.6% |
| Amounts payable within one year | 42/48 | €5,089 | €5,733 | +€644 | +12.6% |
| Trade debts | 44 | €634 | €188 | -€446 | -70.4% |
| Suppliers | 440/4 | €634 | €188 | -€446 | -70.4% |
| Taxes, remuneration and social security | 45 | €2,093 | €3,834 | +€1,741 | +83.2% |
| Taxes | 450/3 | €2,093 | €3,834 | +€1,741 | +83.2% |
| Other amounts payable | 47/48 | €2,362 | €1,711 | -€651 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €0 | -€307 | -100% |
| Other operating charges | 640/8 | €1,857 | €1,577 | -€280 | -15.1% |
| Non-recurring operating charges | 66A | - | €170,178 | +€170,178 | |
| Gross operating margin | 9900 | €18,319 | €37,232 | +€18,912 | +103% |
| Operating profit (loss) | 9901 | €16,155 | -€134,523 | -€150,679 | |
| Financial income | 75/76B | €77,677 | €22 | -€77,655 | -100.0% |
| Recurring financial income | 75 | €77,677 | €22 | -€77,655 | -100.0% |
| Financial charges | 65/66B | €189 | €226 | +€37 | +19.4% |
| Recurring financial charges | 65 | €189 | €226 | +€37 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €93,644 | -€134,727 | -€228,370 | |
| Income taxes | 67/77 | €4,738 | €9,328 | +€4,590 | +96.9% |
| Profit (loss) for the period | 9904 | €88,905 | -€144,055 | -€232,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,905 | -€144,055 | -€232,960 |
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 28 October 2026 via checked.be.