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
- Stocks and contracts -€127,313
down €127,313 (-94.7%), from €134,432 to €7,119
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€13,866
down €13,866 (-27.0%), from €51,336 to €37,470
of which Furniture and vehicles: -€11,710
- Receivables within one year +€6,433
up €6,433 (+21.3%), from €30,236 to €36,669
of which Trade receivables: +€7,970
- Cash +€3,436
up €3,436 (+13.4%), from €25,667 to €29,103
mainly Stocks and contracts (+€127,313) and Depreciation (+€13,866)
- Trade debts -€56,405
down €56,405 (-93.3%), from €60,478 to €4,073
- Current portion of long-term debt -€10,803
down €10,803 (-52.6%), from €20,527 to €9,725
- Debts after one year -€9,725
down €9,725 (-92.9%), from €10,469 to €744
- Profit (loss) carried forward -€8,337
new in 2025: -€8,337
- Tax, wage and social debts +€2,621
up €2,621 (+186%), from €1,411 to €4,031
- Gross operating margin -€19,548
down €19,548 (-78.3%), from €24,965 to €5,416
- Staff costs -€4,082
no longer reported in 2025 (was €4,082)
- Taxes -€1,246
down €1,246 (-88.0%), from €1,417 to €170
- Financial charges -€809
down €809 (-27.8%), from €2,909 to €2,100
- Depreciation -€433
down €433 (-3.0%), from €14,299 to €13,866
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 | €243,673 | €161,798 | -€81,874 | -33.6% |
| Fixed assets | 21/28 | €51,955 | €37,470 | -€14,485 | -27.9% |
| Tangible fixed assets | 22/27 | €51,336 | €37,470 | -€13,866 | -27.0% |
| Land and buildings | 22 | €1,189 | €892 | -€297 | -25.0% |
| Plant, machinery and equipment | 23 | €8,523 | €6,664 | -€1,859 | -21.8% |
| Furniture and vehicles | 24 | €41,624 | €29,915 | -€11,710 | -28.1% |
| Financial fixed assets | 28 | €620 | - | -€620 | |
| Current assets | 29/58 | €191,717 | €124,328 | -€67,389 | -35.2% |
| Stocks and contracts in progress | 3 | €134,432 | €7,119 | -€127,313 | -94.7% |
| Stocks | 30/36 | €134,432 | €7,119 | -€127,313 | -94.7% |
| Amounts receivable within one year | 40/41 | €30,236 | €36,669 | +€6,433 | +21.3% |
| Trade receivables | 40 | €26,185 | €34,155 | +€7,970 | +30.4% |
| Other amounts receivable | 41 | €4,052 | €2,514 | -€1,537 | -37.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €25,667 | €29,103 | +€3,436 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,381 | €1,436 | +€55 | +4.0% |
| Total equity and liabilities | 10/49 | €243,673 | €161,798 | -€81,874 | -33.6% |
| Equity | 10/15 | €141,703 | €133,366 | -€8,337 | -5.9% |
| Contributions | 10/11 | €91,721 | €91,721 | = | 0.0% |
| Capital | 10 | €91,721 | €91,721 | = | 0.0% |
| Issued capital | 100 | €91,721 | €91,721 | = | 0.0% |
| Reserves | 13 | €49,982 | €49,982 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,172 | €9,172 | = | 0.0% |
| Legal reserve | 130 | €9,172 | €9,172 | = | 0.0% |
| Distributable reserves | 133 | €40,810 | €40,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,337 | -€8,337 | |
| Amounts payable | 17/49 | €101,970 | €28,432 | -€73,538 | -72.1% |
| Amounts payable after more than one year | 17 | €10,469 | €744 | -€9,725 | -92.9% |
| Financial debts | 170/4 | €10,469 | €744 | -€9,725 | -92.9% |
| Amounts payable within one year | 42/48 | €90,461 | €27,688 | -€62,773 | -69.4% |
| Current portion of amounts payable after more than one year | 42 | €20,527 | €9,725 | -€10,803 | -52.6% |
| Trade debts | 44 | €60,478 | €4,073 | -€56,405 | -93.3% |
| Suppliers | 440/4 | €60,478 | €4,073 | -€56,405 | -93.3% |
| Advances received on contracts in progress | 46 | €250 | €762 | +€512 | +205% |
| Taxes, remuneration and social security | 45 | €1,411 | €4,031 | +€2,621 | +186% |
| Taxes | 450/3 | €1,411 | €4,031 | +€2,621 | +186% |
| Other amounts payable | 47/48 | €7,795 | €9,097 | +€1,303 | +16.7% |
| Accrued charges and deferred income | 492/3 | €1,040 | - | -€1,040 | |
| Non-recurring operating income | 76A | €11,312 | €5,250 | -€6,062 | -53.6% |
| Remuneration, social security and pensions | 62 | €4,082 | - | -€4,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,299 | €13,866 | -€433 | -3.0% |
| Other operating charges | 640/8 | €1,143 | €1,278 | +€135 | +11.8% |
| Non-recurring operating charges | 66A | €534 | €178 | -€357 | -66.7% |
| Gross operating margin | 9900 | €24,965 | €5,416 | -€19,548 | -78.3% |
| Operating profit (loss) | 9901 | €4,907 | -€9,905 | -€14,812 | |
| Financial income | 75/76B | €3,720 | €3,838 | +€118 | +3.2% |
| Recurring financial income | 75 | €3,720 | €3,838 | +€118 | +3.2% |
| Financial charges | 65/66B | €2,909 | €2,100 | -€809 | -27.8% |
| Recurring financial charges | 65 | €2,909 | €2,100 | -€809 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €5,718 | -€8,166 | -€13,884 | |
| Income taxes | 67/77 | €1,417 | €170 | -€1,246 | -88.0% |
| Profit (loss) for the period | 9904 | €4,302 | -€8,337 | -€12,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,302 | -€8,337 | -€12,638 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.