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
- Tangible fixed assets -€15,903
down €15,903 (-5.8%), from €274,815 to €258,911
of which Furniture and vehicles: -€12,853
- Reserves -€21,142
down €21,142 (-13.5%), from €156,916 to €135,774
- Other debts +€5,740
up €5,740 (+59.7%), from €9,616 to €15,356
- Tax, wage and social debts +€3,670
up €3,670 (+482%), from €761 to €4,431
- Gross operating margin -€12,722
down €12,722 (-86.3%), from €14,742 to €2,020
- Depreciation -€678
down €678 (-4.1%), from €16,581 to €15,903
- Financial income -€486
down €486 (-49.9%), from €974 to €488
of which Non-recurring financial income: -€487
- Other operating charges +€248
up €248 (+3.6%), from €6,818 to €7,066
- Financial charges -€180
down €180 (-84.8%), from €212 to €32
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 | €296,275 | €283,964 | -€12,311 | -4.2% |
| Fixed assets | 21/28 | €274,815 | €258,911 | -€15,903 | -5.8% |
| Tangible fixed assets | 22/27 | €274,815 | €258,911 | -€15,903 | -5.8% |
| Land and buildings | 22 | €218,349 | €218,349 | = | 0.0% |
| Plant, machinery and equipment | 23 | €18,247 | €15,197 | -€3,051 | -16.7% |
| Furniture and vehicles | 24 | €38,218 | €25,366 | -€12,853 | -33.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €21,460 | €25,052 | +€3,592 | +16.7% |
| Amounts receivable within one year | 40/41 | €21,441 | €22,360 | +€919 | +4.3% |
| Trade receivables | 40 | €21,396 | €22,360 | +€964 | +4.5% |
| Other amounts receivable | 41 | €45 | €0 | -€45 | -100% |
| Cash at bank and in hand | 54/58 | €19 | €1,538 | +€1,519 | +7,825% |
| Deferred charges and accrued income | 490/1 | - | €1,154 | +€1,154 | |
| Total equity and liabilities | 10/49 | €296,275 | €283,964 | -€12,311 | -4.2% |
| Equity | 10/15 | €182,746 | €161,603 | -€21,142 | -11.6% |
| Contributions | 10/11 | €25,830 | €25,830 | = | 0.0% |
| Reserves | 13 | €156,916 | €135,774 | -€21,142 | -13.5% |
| Distributable reserves | 133 | €156,916 | €135,774 | -€21,142 | -13.5% |
| Amounts payable | 17/49 | €113,529 | €122,361 | +€8,832 | +7.8% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,529 | €21,561 | +€8,032 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,152 | €1,774 | -€1,378 | -43.7% |
| Suppliers | 440/4 | €3,152 | €1,774 | -€1,378 | -43.7% |
| Taxes, remuneration and social security | 45 | €761 | €4,431 | +€3,670 | +482% |
| Taxes | 450/3 | €761 | €4,431 | +€3,670 | +482% |
| Other amounts payable | 47/48 | €9,616 | €15,356 | +€5,740 | +59.7% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,581 | €15,903 | -€678 | -4.1% |
| Other operating charges | 640/8 | €6,818 | €7,066 | +€248 | +3.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,742 | €2,020 | -€12,722 | -86.3% |
| Operating profit (loss) | 9901 | -€8,657 | -€20,949 | -€12,292 | -142% |
| Financial income | 75/76B | €974 | €488 | -€486 | -49.9% |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Non-recurring financial income | 76B | €974 | €487 | -€487 | -50.0% |
| Financial charges | 65/66B | €212 | €32 | -€180 | -84.8% |
| Recurring financial charges | 65 | €212 | €32 | -€180 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,895 | -€20,493 | -€12,598 | -160% |
| Income taxes | 67/77 | €676 | €649 | -€27 | -4.1% |
| Profit (loss) for the period | 9904 | -€8,571 | -€21,142 | -€12,571 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,571 | -€21,142 | -€12,571 | -147% |
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 22 October 2026 via checked.be.