TOM VERGAUWEN: what changed
What changed
TOM VERGAUWEN
filed annual accounts (NBB)
Net result for the year
€185,306
2024 · €149,374+€35,931
Equity
€1.1m
2024 · €900,370+€185,306
Cash
€164,550
2024 · €197,130-€32,580
Balance sheet total
€1.4m
2024 · €1.3m+€89,928
Largest movements
Assets
- Current investments +€100,882
up €100,882 (+15.5%), from €649,635 to €750,517
- Receivables within one year +€47,951
up €47,951 (+650%), from €7,380 to €55,331
of which Other amounts receivable: +€48,511
- Tangible fixed assets -€43,700
down €43,700 (-10.1%), from €431,511 to €387,810
- Cash -€32,580
down €32,580 (-16.5%), from €197,130 to €164,550
mainly Current investments (-€100,882) and Other debts (-€64,165)
- Stocks and contracts +€16,004
up €16,004 (+33.8%), from €47,394 to €63,397
Equity and liabilities
- Reserves +€185,306
up €185,306 (+21.0%), from €881,770 to €1.1m
- Other debts -€64,165
down €64,165 (-97.6%), from €65,773 to €1,608
- Debts after one year -€36,185
down €36,185 (-12.2%), from €296,073 to €259,887
Income statement
- Financial income +€88,193
up €88,193 (+2,689%), from €3,279 to €91,473
- Taxes +€27,921
up €27,921 (+42.9%), from €65,056 to €92,978
- Gross operating margin -€17,263
down €17,263 (-5.3%), from €326,934 to €309,671
- Staff costs +€7,871
up €7,871 (+19.0%), from €41,436 to €49,307
- Depreciation -€5,872
down €5,872 (-10.5%), from €56,089 to €50,217
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.
Result 2024
€149,374
Gross operating margin
-€17,263
Staff costs
-€7,871
Depreciation
+€5,872
Other operating charges
-€4,631
Other operating items
+€4,023
Financial income
+€88,193
Financial charges
-€4,471
Taxes
-€27,921
Result 2025
€185,306
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€110,134
Investment
-€107,659
Financing
-€35,055
Cash 2024
€197,130
From operations (derived)
+€110,134
Net result for the year
+€185,306
Depreciation
+€50,217
Stocks and contracts
-€16,004
Receivables within one year
-€47,951
Deferred charges and accrued income
-€1,111
Trade debts
-€659
Tax, wage and social debts
+€4,501
Other debts
-€64,165
Investment (derived)
-€107,659
Investment in fixed assets (net)
-€6,777
Current investments
-€100,882
Financing
-€35,055
Debts after one year
-€36,185
Current portion of long-term debt
+€1,131
Short-term financial debts
-€0
Cash 2025
€164,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,341,720 | €1,431,648 | +€89,928 | +6.7% |
| Fixed assets | 21/28 | €431,511 | €388,071 | -€43,440 | -10.1% |
| Intangible fixed assets | 21 | - | €261 | +€261 | |
| Tangible fixed assets | 22/27 | €431,511 | €387,810 | -€43,700 | -10.1% |
| Land and buildings | 22 | €253,937 | €237,495 | -€16,442 | -6.5% |
| Plant, machinery and equipment | 23 | €79,210 | €65,566 | -€13,644 | -17.2% |
| Furniture and vehicles | 24 | €9,849 | €6,556 | -€3,293 | -33.4% |
| Other tangible fixed assets | 26 | €88,515 | €78,194 | -€10,321 | -11.7% |
| Current assets | 29/58 | €910,210 | €1,043,577 | +€133,367 | +14.7% |
| Stocks and contracts in progress | 3 | €47,394 | €63,397 | +€16,004 | +33.8% |
| Stocks | 30/36 | €47,394 | €63,397 | +€16,004 | +33.8% |
| Amounts receivable within one year | 40/41 | €7,380 | €55,331 | +€47,951 | +650% |
| Trade receivables | 40 | €4,861 | €4,301 | -€560 | -11.5% |
| Other amounts receivable | 41 | €2,519 | €51,030 | +€48,511 | +1,926% |
| Current investments | 50/53 | €649,635 | €750,517 | +€100,882 | +15.5% |
| Cash at bank and in hand | 54/58 | €197,130 | €164,550 | -€32,580 | -16.5% |
| Deferred charges and accrued income | 490/1 | €8,671 | €9,782 | +€1,111 | +12.8% |
| Total equity and liabilities | 10/49 | €1,341,720 | €1,431,648 | +€89,928 | +6.7% |
| Equity | 10/15 | €900,370 | €1,085,675 | +€185,306 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €881,770 | €1,067,075 | +€185,306 | +21.0% |
| Distributable reserves | 133 | €881,770 | €1,067,075 | +€185,306 | +21.0% |
| Amounts payable | 17/49 | €441,351 | €345,973 | -€95,378 | -21.6% |
| Amounts payable after more than one year | 17 | €296,073 | €259,887 | -€36,185 | -12.2% |
| Financial debts | 170/4 | €296,073 | €259,887 | -€36,185 | -12.2% |
| Amounts payable within one year | 42/48 | €145,278 | €86,085 | -€59,193 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €35,055 | €36,186 | +€1,131 | +3.2% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €8,745 | €8,086 | -€659 | -7.5% |
| Suppliers | 440/4 | €8,745 | €8,086 | -€659 | -7.5% |
| Taxes, remuneration and social security | 45 | €35,705 | €40,206 | +€4,501 | +12.6% |
| Taxes | 450/3 | €25,192 | €28,582 | +€3,390 | +13.5% |
| Remuneration and social security | 454/9 | €10,513 | €11,624 | +€1,111 | +10.6% |
| Other amounts payable | 47/48 | €65,773 | €1,608 | -€64,165 | -97.6% |
| Remuneration, social security and pensions | 62 | €41,436 | €49,307 | +€7,871 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,089 | €50,217 | -€5,872 | -10.5% |
| Other operating charges | 640/8 | €3,640 | €8,271 | +€4,631 | +127% |
| Non-recurring operating charges | 66A | €4,023 | - | -€4,023 | |
| Gross operating margin | 9900 | €326,934 | €309,671 | -€17,263 | -5.3% |
| Operating profit (loss) | 9901 | €221,746 | €201,876 | -€19,870 | -9.0% |
| Financial income | 75/76B | €3,279 | €91,473 | +€88,193 | +2,689% |
| Recurring financial income | 75 | €3,279 | €91,473 | +€88,193 | +2,689% |
| Financial charges | 65/66B | €10,594 | €15,065 | +€4,471 | +42.2% |
| Recurring financial charges | 65 | €10,594 | €15,065 | +€4,471 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €214,431 | €278,283 | +€63,853 | +29.8% |
| Income taxes | 67/77 | €65,056 | €92,978 | +€27,921 | +42.9% |
| Profit (loss) for the period | 9904 | €149,374 | €185,306 | +€35,931 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €149,374 | €185,306 | +€35,931 | +24.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.