VARGAS D & S: 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
VARGAS D & S
NACE 70.100, Activities of head offices
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€105,050
2023 · -€77,292-€27,758
Equity
€411,431
2023 · €516,944-€105,513
Cash
€344
2023 · €438-€95
Balance sheet total
€1.3m
2023 · €1.3m-€44,971
Largest movements
Assets
- Receivables within one year -€25,386
down €25,386 (-16.4%), from €154,665 to €129,278
of which Other amounts receivable: -€21,394
- Tangible fixed assets -€13,630
down €13,630 (-27.7%), from €49,171 to €35,541
Equity and liabilities
- Profit (loss) carried forward -€105,513
down €105,513 (-49.4%), from -€213,423 to -€318,936
- Other debts +€91,152
up €91,152 (+25.5%), from €357,624 to €448,777
- Debts after one year -€43,419
down €43,419 (-27.2%), from €159,737 to €116,318
- Tax, wage and social debts +€25,802
up €25,802 (+45.6%), from €56,632 to €82,434
of which Taxes: +€25,512
Income statement
- Gross operating margin -€49,002
down €49,002, from €3,600 to -€45,402
- Financial charges -€26,150
down €26,150 (-87.6%), from €29,860 to €3,710
- Financial income -€4,476
down €4,476 (-17.1%), from €26,194 to €21,718
- Staff costs +€2,215
up €2,215 (+4.0%), from €55,930 to €58,145
- Other operating charges -€1,826
down €1,826 (-29.4%), from €6,204 to €4,379
From the 2023 result to the 2024 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 2023
-€77,292
Gross operating margin
-€49,002
Staff costs
-€2,215
Depreciation
-€643
Other operating charges
+€1,826
Financial income
-€4,476
Financial charges
+€26,150
Taxes
+€603
Result 2024
-€105,050
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€43,193
Investment
-€1,175
Financing
-€42,113
Cash 2023
€438
From operations (derived)
+€43,193
Net result for the year
-€105,050
Depreciation
+€14,805
Receivables within one year
+€25,386
Deferred charges and accrued income
+€5,860
Trade debts
-€2,888
Tax, wage and social debts
+€25,802
Other debts
+€91,152
Accrued charges and deferred income
-€11,874
Investment (derived)
-€1,175
Investment in fixed assets (net)
-€1,175
Financing
-€42,113
Debts after one year
-€43,419
Current portion of long-term debt
+€345
Short-term financial debts
+€1,424
Contributions, distributions and other
-€463
Cash 2024
€344
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,296,314 | €1,251,343 | -€44,971 | -3.5% |
| Fixed assets | 21/28 | €1,135,083 | €1,121,453 | -€13,630 | -1.2% |
| Tangible fixed assets | 22/27 | €49,171 | €35,541 | -€13,630 | -27.7% |
| Furniture and vehicles | 24 | €49,171 | €35,541 | -€13,630 | -27.7% |
| Financial fixed assets | 28 | €1,085,912 | €1,085,912 | = | 0.0% |
| Current assets | 29/58 | €161,231 | €129,890 | -€31,341 | -19.4% |
| Amounts receivable within one year | 40/41 | €154,665 | €129,278 | -€25,386 | -16.4% |
| Trade receivables | 40 | €59,999 | €56,007 | -€3,993 | -6.7% |
| Other amounts receivable | 41 | €94,665 | €73,272 | -€21,394 | -22.6% |
| Cash at bank and in hand | 54/58 | €438 | €344 | -€95 | -21.6% |
| Deferred charges and accrued income | 490/1 | €6,128 | €268 | -€5,860 | -95.6% |
| Total equity and liabilities | 10/49 | €1,296,314 | €1,251,343 | -€44,971 | -3.5% |
| Equity | 10/15 | €516,944 | €411,431 | -€105,513 | -20.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €710,367 | €710,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €750 | €750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €750 | €750 | = | 0.0% |
| Tax-exempt reserves | 132 | €471,484 | €471,484 | = | 0.0% |
| Distributable reserves | 133 | €238,133 | €238,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,423 | -€318,936 | -€105,513 | -49.4% |
| Provisions and deferred taxes | 16 | €117,871 | €117,871 | = | 0.0% |
| Deferred taxes | 168 | €117,871 | €117,871 | = | 0.0% |
| Amounts payable | 17/49 | €661,499 | €722,041 | +€60,542 | +9.2% |
| Amounts payable after more than one year | 17 | €159,737 | €116,318 | -€43,419 | -27.2% |
| Financial debts | 170/4 | €159,737 | €116,318 | -€43,419 | -27.2% |
| Amounts payable within one year | 42/48 | €489,888 | €605,723 | +€115,835 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €43,074 | €43,419 | +€345 | +0.8% |
| Financial debts | 43 | €0 | €1,424 | +€1,424 | |
| Credit institutions | 430/8 | €0 | €1,424 | +€1,424 | |
| Trade debts | 44 | €32,559 | €29,670 | -€2,888 | -8.9% |
| Suppliers | 440/4 | €32,559 | €29,670 | -€2,888 | -8.9% |
| Taxes, remuneration and social security | 45 | €56,632 | €82,434 | +€25,802 | +45.6% |
| Taxes | 450/3 | €44,621 | €70,133 | +€25,512 | +57.2% |
| Remuneration and social security | 454/9 | €12,011 | €12,301 | +€291 | +2.4% |
| Other amounts payable | 47/48 | €357,624 | €448,777 | +€91,152 | +25.5% |
| Accrued charges and deferred income | 492/3 | €11,874 | - | -€11,874 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,930 | €58,145 | +€2,215 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,161 | €14,805 | +€643 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,204 | €4,379 | -€1,826 | -29.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,600 | -€45,402 | -€49,002 | |
| Operating profit (loss) | 9901 | -€72,696 | -€122,731 | -€50,035 | -68.8% |
| Financial income | 75/76B | €26,194 | €21,718 | -€4,476 | -17.1% |
| Recurring financial income | 75 | €26,194 | €21,718 | -€4,476 | -17.1% |
| Financial charges | 65/66B | €29,860 | €3,710 | -€26,150 | -87.6% |
| Recurring financial charges | 65 | €29,860 | €3,710 | -€26,150 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,362 | -€104,723 | -€28,361 | -37.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €930 | €327 | -€603 | -64.8% |
| Profit (loss) for the period | 9904 | -€77,292 | -€105,050 | -€27,758 | -35.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,292 | -€105,050 | -€27,758 | -35.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.