ANDRE VERGALLE: 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.
What changed
ANDRE VERGALLE
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,291
2024 · €28,147-€7,856
Equity
€819,638
2024 · €837,756-€18,118
Cash
€29,000
2024 · €19,625+€9,375
Balance sheet total
€1.8m
2024 · €1.7m+€38,545
Largest movements
Assets
- Receivables within one year +€48,536
up €48,536 (+14.7%), from €329,161 to €377,697
of which Other amounts receivable: +€51,536
Equity and liabilities
- Trade debts +€47,525
up €47,525 (+6.0%), from €785,891 to €833,416
- Short-term financial debts +€21,854
new in 2025: €21,854
- Reserves -€18,118
down €18,118 (-3.1%), from €582,756 to €564,638
of which Distributable reserves: -€14,597
Income statement
- Staff costs +€8,732
up €8,732 (+3.8%), from €228,707 to €237,439
- Gross operating margin -€5,463
down €5,463 (-1.8%), from €303,035 to €297,572
- Other operating charges -€3,896
down €3,896 (-75.1%), from €5,189 to €1,293
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.
Result 2024
€28,147
Gross operating margin
-€5,463
Staff costs
-€8,732
Depreciation
-€1,151
Other operating charges
+€3,896
Financial income
+€1,540
Financial charges
-€583
Taxes
+€2,637
Result 2025
€20,291
raises the resultlowers the result
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.
From operations
+€44,529
Investment
-€18,599
Financing
-€16,555
Cash 2024
€19,625
From operations (derived)
+€44,529
Net result for the year
+€20,291
Depreciation
+€35,100
Receivables within one year
-€48,536
Deferred charges and accrued income
+€2,865
Provisions
-€1,127
Trade debts
+€47,525
Tax, wage and social debts
-€11,588
Investment (derived)
-€18,599
Investment in fixed assets (net)
-€18,599
Financing
-€16,555
Short-term financial debts
+€21,854
Contributions, distributions and other
-€38,409
Cash 2025
€29,000
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,711,905 | €1,750,450 | +€38,545 | +2.3% |
| Fixed assets | 21/28 | €1,347,192 | €1,330,691 | -€16,501 | -1.2% |
| Tangible fixed assets | 22/27 | €106,791 | €90,291 | -€16,501 | -15.5% |
| Plant, machinery and equipment | 23 | €2,729 | €2,143 | -€585 | -21.5% |
| Furniture and vehicles | 24 | - | €17,835 | +€17,835 | |
| Leasing and similar rights | 25 | €104,063 | €70,313 | -€33,750 | -32.4% |
| Financial fixed assets | 28 | €1,240,401 | €1,240,401 | = | 0.0% |
| Current assets | 29/58 | €364,713 | €419,759 | +€55,046 | +15.1% |
| Amounts receivable within one year | 40/41 | €329,161 | €377,697 | +€48,536 | +14.7% |
| Trade receivables | 40 | €75,177 | €72,177 | -€3,000 | -4.0% |
| Other amounts receivable | 41 | €253,984 | €305,520 | +€51,536 | +20.3% |
| Cash at bank and in hand | 54/58 | €19,625 | €29,000 | +€9,375 | +47.8% |
| Deferred charges and accrued income | 490/1 | €15,926 | €13,062 | -€2,865 | -18.0% |
| Total equity and liabilities | 10/49 | €1,711,905 | €1,750,450 | +€38,545 | +2.3% |
| Equity | 10/15 | €837,756 | €819,638 | -€18,118 | -2.2% |
| Contributions | 10/11 | €255,000 | €255,000 | = | 0.0% |
| Capital | 10 | €255,000 | €255,000 | = | 0.0% |
| Issued capital | 100 | €255,000 | €255,000 | = | 0.0% |
| Reserves | 13 | €582,756 | €564,638 | -€18,118 | -3.1% |
| Non-distributable reserves | 130/1 | €25,500 | €25,500 | = | 0.0% |
| Legal reserve | 130 | €25,500 | €25,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,857 | €7,336 | -€3,521 | -32.4% |
| Distributable reserves | 133 | €546,399 | €531,802 | -€14,597 | -2.7% |
| Provisions and deferred taxes | 16 | €3,476 | €2,349 | -€1,127 | -32.4% |
| Deferred taxes | 168 | €3,476 | €2,349 | -€1,127 | -32.4% |
| Amounts payable | 17/49 | €870,673 | €928,464 | +€57,791 | +6.6% |
| Amounts payable within one year | 42/48 | €870,673 | €928,464 | +€57,791 | +6.6% |
| Financial debts | 43 | - | €21,854 | +€21,854 | |
| Credit institutions | 430/8 | - | €21,854 | +€21,854 | |
| Trade debts | 44 | €785,891 | €833,416 | +€47,525 | +6.0% |
| Suppliers | 440/4 | €785,891 | €833,416 | +€47,525 | +6.0% |
| Taxes, remuneration and social security | 45 | €84,782 | €73,194 | -€11,588 | -13.7% |
| Taxes | 450/3 | €58,024 | €45,480 | -€12,544 | -21.6% |
| Remuneration and social security | 454/9 | €26,758 | €27,714 | +€956 | +3.6% |
| Remuneration, social security and pensions | 62 | €228,707 | €237,439 | +€8,732 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,948 | €35,100 | +€1,151 | +3.4% |
| Other operating charges | 640/8 | €5,189 | €1,293 | -€3,896 | -75.1% |
| Gross operating margin | 9900 | €303,035 | €297,572 | -€5,463 | -1.8% |
| Operating profit (loss) | 9901 | €35,191 | €23,741 | -€11,450 | -32.5% |
| Financial income | 75/76B | €11,744 | €13,284 | +€1,540 | +13.1% |
| Recurring financial income | 75 | €11,744 | €13,284 | +€1,540 | +13.1% |
| Financial charges | 65/66B | €2,034 | €2,617 | +€583 | +28.7% |
| Recurring financial charges | 65 | €2,034 | €2,617 | +€583 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €44,901 | €34,408 | -€10,493 | -23.4% |
| Transfer from deferred taxes | 780 | €1,127 | €1,127 | = | 0.0% |
| Income taxes | 67/77 | €17,881 | €15,244 | -€2,637 | -14.7% |
| Profit (loss) for the period | 9904 | €28,147 | €20,291 | -€7,856 | -27.9% |
| Transfer from tax-exempt reserves | 789 | €3,521 | €3,521 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,668 | €23,812 | -€7,856 | -24.8% |
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 16 October 2026 via checked.be.