VERKCON: 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.
VERKCON
Largest movements
- Cash +€50,268
up €50,268 (+63.1%), from €79,618 to €129,886
mainly Net result for the year (+€45,038) and Depreciation (+€6,211)
- Tangible fixed assets -€6,211
down €6,211 (-18.1%), from €34,235 to €28,024
of which Furniture and vehicles: -€4,713
- Reserves +€45,038
up €45,038 (+71.1%), from €63,316 to €108,355
of which Distributable reserves: +€45,038
- Gross operating margin +€13,216
up €13,216 (+24.6%), from €53,684 to €66,900
- Depreciation +€3,214
up €3,214 (+107%), from €2,997 to €6,211
- Taxes +€1,745
up €1,745 (+16.1%), from €10,866 to €12,611
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 | €118,131 | €162,207 | +€44,076 | +37.3% |
| Fixed assets | 21/28 | €34,235 | €28,024 | -€6,211 | -18.1% |
| Tangible fixed assets | 22/27 | €34,235 | €28,024 | -€6,211 | -18.1% |
| Land and buildings | 22 | €21,077 | €19,579 | -€1,499 | -7.1% |
| Furniture and vehicles | 24 | €13,157 | €8,445 | -€4,713 | -35.8% |
| Current assets | 29/58 | €83,896 | €134,184 | +€50,287 | +59.9% |
| Amounts receivable within one year | 40/41 | €817 | €611 | -€206 | -25.2% |
| Trade receivables | 40 | €817 | €611 | -€206 | -25.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €79,618 | €129,886 | +€50,268 | +63.1% |
| Deferred charges and accrued income | 490/1 | €3,461 | €3,686 | +€225 | +6.5% |
| Total equity and liabilities | 10/49 | €118,131 | €162,207 | +€44,076 | +37.3% |
| Equity | 10/15 | €81,916 | €126,955 | +€45,038 | +55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,316 | €108,355 | +€45,038 | +71.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €63,316 | €108,355 | +€45,038 | +71.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €36,215 | €35,252 | -€962 | -2.7% |
| Amounts payable within one year | 42/48 | €34,355 | €33,389 | -€966 | -2.8% |
| Trade debts | 44 | €808 | €666 | -€142 | -17.6% |
| Suppliers | 440/4 | €808 | €666 | -€142 | -17.6% |
| Taxes, remuneration and social security | 45 | €13,814 | €12,697 | -€1,117 | -8.1% |
| Taxes | 450/3 | €10,564 | €12,697 | +€2,133 | +20.2% |
| Remuneration and social security | 454/9 | €3,250 | €0 | -€3,250 | -100% |
| Other amounts payable | 47/48 | €19,733 | €20,026 | +€294 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,860 | €1,863 | +€4 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,997 | €6,211 | +€3,214 | +107% |
| Other operating charges | 640/8 | €1,396 | €1,418 | +€23 | +1.6% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €53,684 | €66,900 | +€13,216 | +24.6% |
| Operating profit (loss) | 9901 | €49,291 | €59,270 | +€9,979 | +20.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,736 | €1,621 | -€115 | -6.6% |
| Recurring financial charges | 65 | €1,615 | €1,621 | +€6 | +0.3% |
| Non-recurring financial charges | 66B | €121 | - | -€121 | |
| Profit (loss) for the period before taxes | 9903 | €47,555 | €57,649 | +€10,094 | +21.2% |
| Income taxes | 67/77 | €10,866 | €12,611 | +€1,745 | +16.1% |
| Profit (loss) for the period | 9904 | €36,689 | €45,038 | +€8,349 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,689 | €45,038 | +€8,349 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.