VERGA: 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.
VERGA
Largest movements
- Cash -€25,039
down €25,039 (-78.6%), from €31,837 to €6,798
mainly Debts after one year (-€81,864) and Net result for the year (-€4,274)
- Tangible fixed assets -€12,101
down €12,101 (-2.7%), from €455,256 to €443,155
- Receivables within one year -€9,053
down €9,053 (-78.7%), from €11,502 to €2,448
- Debts after one year -€81,864
no longer reported in 2025 (was €81,864)
- Other debts +€43,565
up €43,565, from €0 to €43,565
- Gross operating margin +€13,241
up €13,241 (+123%), from €10,786 to €24,027
- Depreciation -€2,978
down €2,978 (-19.7%), from €15,079 to €12,101
- Other operating charges -€810
down €810 (-6.2%), from €13,002 to €12,192
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 | €498,595 | €452,402 | -€46,193 | -9.3% |
| Fixed assets | 21/28 | €455,256 | €443,155 | -€12,101 | -2.7% |
| Tangible fixed assets | 22/27 | €455,256 | €443,155 | -€12,101 | -2.7% |
| Land and buildings | 22 | €455,256 | €443,155 | -€12,101 | -2.7% |
| Current assets | 29/58 | €43,339 | €9,247 | -€34,092 | -78.7% |
| Amounts receivable within one year | 40/41 | €11,502 | €2,448 | -€9,053 | -78.7% |
| Trade receivables | 40 | €11,502 | €2,448 | -€9,053 | -78.7% |
| Cash at bank and in hand | 54/58 | €31,837 | €6,798 | -€25,039 | -78.6% |
| Total equity and liabilities | 10/49 | €498,595 | €452,402 | -€46,193 | -9.3% |
| Equity | 10/15 | €412,208 | €407,934 | -€4,274 | -1.0% |
| Contributions | 10/11 | €158,211 | €158,211 | = | 0.0% |
| Capital | 10 | €158,211 | €158,211 | = | 0.0% |
| Issued capital | 100 | €158,211 | €158,211 | = | 0.0% |
| Reserves | 13 | €253,998 | €249,723 | -€4,274 | -1.7% |
| Non-distributable reserves | 130/1 | €32,304 | €32,304 | = | 0.0% |
| Legal reserve | 130 | €15,821 | €15,821 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,483 | €16,483 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,144 | €30,144 | = | 0.0% |
| Distributable reserves | 133 | €191,550 | €187,275 | -€4,274 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €86,387 | €44,468 | -€41,919 | -48.5% |
| Amounts payable after more than one year | 17 | €81,864 | - | -€81,864 | |
| Financial debts | 170/4 | €81,864 | - | -€81,864 | |
| Amounts payable within one year | 42/48 | €4,523 | €44,468 | +€39,945 | +883% |
| Trade debts | 44 | €4,523 | €903 | -€3,620 | -80.0% |
| Suppliers | 440/4 | €4,523 | €903 | -€3,620 | -80.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €43,565 | +€43,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,079 | €12,101 | -€2,978 | -19.7% |
| Other operating charges | 640/8 | €13,002 | €12,192 | -€810 | -6.2% |
| Gross operating margin | 9900 | €10,786 | €24,027 | +€13,241 | +123% |
| Operating profit (loss) | 9901 | -€17,295 | -€267 | +€17,029 | +98.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,181 | €4,008 | -€173 | -4.1% |
| Recurring financial charges | 65 | €4,181 | €4,008 | -€173 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,476 | -€4,274 | +€17,201 | +80.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,476 | -€4,274 | +€17,201 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,476 | -€4,274 | +€17,201 | +80.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.