Vercruysse: what changed
Vercruysse
Largest movements
- Tangible fixed assets +€364,096
up €364,096 (+111%), from €329,146 to €693,243
of which Land and buildings: +€264,656
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€17,322
new in 2025: €17,322
of which Other amounts receivable: +€17,286
- Cash +€15,510
up €15,510 (+26.4%), from €58,768 to €74,279
mainly Trade debts (+€146,498) and Debts after one year (+€141,840)
- Trade debts +€146,498
up €146,498 (+95.5%), from €153,364 to €299,863
- Debts after one year +€141,840
up €141,840 (+424%), from €33,433 to €175,273
- Reserves +€35,000
up €35,000 (+16.7%), from €210,000 to €245,000
- Tax, wage and social debts -€29,111
down €29,111 (-69.1%), from €42,108 to €12,997
of which Taxes: -€23,730
- Current portion of long-term debt +€11,652
up €11,652 (+43.1%), from €27,009 to €38,661
- Gross operating margin -€27,549
down €27,549 (-10.3%), from €267,260 to €239,712
- Depreciation +€27,304
up €27,304 (+44.4%), from €61,547 to €88,851
- Taxes -€21,266
down €21,266 (-86.3%), from €24,632 to €3,367
- Staff costs +€15,389
up €15,389 (+18.0%), from €85,652 to €101,041
- Financial charges +€3,024
up €3,024 (+93.4%), from €3,236 to €6,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,671 | €800,191 | +€306,519 | +62.1% |
| Fixed assets | 21/28 | €329,852 | €693,948 | +€364,096 | +110% |
| Tangible fixed assets | 22/27 | €329,146 | €693,243 | +€364,096 | +111% |
| Land and buildings | 22 | €83,884 | €348,541 | +€264,656 | +316% |
| Plant, machinery and equipment | 23 | €19,676 | €20,150 | +€474 | +2.4% |
| Furniture and vehicles | 24 | €225,586 | €324,552 | +€98,966 | +43.9% |
| Financial fixed assets | 28 | €706 | €706 | = | 0.0% |
| Current assets | 29/58 | €163,819 | €106,242 | -€57,577 | -35.1% |
| Stocks and contracts in progress | 3 | €4,482 | €12,222 | +€7,740 | +173% |
| Stocks | 30/36 | €4,482 | €12,222 | +€7,740 | +173% |
| Amounts receivable within one year | 40/41 | - | €17,322 | +€17,322 | |
| Trade receivables | 40 | - | €36 | +€36 | |
| Other amounts receivable | 41 | - | €17,286 | +€17,286 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €58,768 | €74,279 | +€15,510 | +26.4% |
| Deferred charges and accrued income | 490/1 | €569 | €2,419 | +€1,850 | +325% |
| Total equity and liabilities | 10/49 | €493,671 | €800,191 | +€306,519 | +62.1% |
| Equity | 10/15 | €230,094 | €266,508 | +€36,414 | +15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €210,000 | €245,000 | +€35,000 | +16.7% |
| Distributable reserves | 133 | €210,000 | €245,000 | +€35,000 | +16.7% |
| Profit (loss) carried forward | 14 | €1,502 | €2,916 | +€1,414 | +94.1% |
| Amounts payable | 17/49 | €263,577 | €533,683 | +€270,106 | +102% |
| Amounts payable after more than one year | 17 | €33,433 | €175,273 | +€141,840 | +424% |
| Financial debts | 170/4 | €33,433 | €175,273 | +€141,840 | +424% |
| Amounts payable within one year | 42/48 | €230,144 | €358,410 | +€128,266 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €27,009 | €38,661 | +€11,652 | +43.1% |
| Trade debts | 44 | €153,364 | €299,863 | +€146,498 | +95.5% |
| Suppliers | 440/4 | €153,364 | €299,863 | +€146,498 | +95.5% |
| Taxes, remuneration and social security | 45 | €42,108 | €12,997 | -€29,111 | -69.1% |
| Taxes | 450/3 | €34,230 | €10,500 | -€23,730 | -69.3% |
| Remuneration and social security | 454/9 | €7,878 | €2,497 | -€5,381 | -68.3% |
| Other amounts payable | 47/48 | €7,663 | €6,890 | -€773 | -10.1% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €85,652 | €101,041 | +€15,389 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,547 | €88,851 | +€27,304 | +44.4% |
| Other operating charges | 640/8 | €5,830 | €5,588 | -€242 | -4.2% |
| Non-recurring operating charges | 66A | €2,235 | - | -€2,235 | |
| Gross operating margin | 9900 | €267,260 | €239,712 | -€27,549 | -10.3% |
| Operating profit (loss) | 9901 | €111,995 | €44,231 | -€67,765 | -60.5% |
| Financial income | 75/76B | €2,204 | €1,810 | -€394 | -17.9% |
| Recurring financial income | 75 | €2,204 | €1,810 | -€394 | -17.9% |
| Financial charges | 65/66B | €3,236 | €6,260 | +€3,024 | +93.4% |
| Recurring financial charges | 65 | €3,236 | €6,260 | +€3,024 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €110,963 | €39,781 | -€71,182 | -64.1% |
| Income taxes | 67/77 | €24,632 | €3,367 | -€21,266 | -86.3% |
| Profit (loss) for the period | 9904 | €86,330 | €36,414 | -€49,916 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,330 | €36,414 | -€49,916 | -57.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.