Vergauwe: what changed
Two fiscal 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.
Vergauwe
Largest movements
- Tangible fixed assets +€59,788
up €59,788 (+45.6%), from €131,006 to €190,793
- Cash +€33,168
up €33,168 (+21.8%), from €152,392 to €185,559
mainly Debts after one year (+€63,333) and Depreciation (+€42,412)
- Receivables within one year -€26,976
down €26,976 (-46.7%), from €57,826 to €30,850
of which Trade receivables: -€27,941
- Debts after one year +€63,333
up €63,333, from €0 to €63,333
- Reserves +€13,777
up €13,777 (+9.9%), from €138,832 to €152,609
of which Distributable reserves: +€13,777
- Current portion of long-term debt -€12,034
down €12,034 (-38.8%), from €31,034 to €19,000
- Tax, wage and social debts +€6,547
up €6,547 (+57.2%), from €11,441 to €17,988
- Other debts -€6,329
down €6,329 (-6.4%), from €99,215 to €92,886
- Depreciation +€12,238
up €12,238 (+40.6%), from €30,174 to €42,412
- Financial charges +€9,543
up €9,543 (+850.9%), from €1,121 to €10,664
- Taxes -€7,319
down €7,319 (-64.0%), from €11,441 to €4,122
- Gross operating margin +€5,660
up €5,660 (+8.6%), from €65,987 to €71,647
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,223 | €407,203 | +€65,979 | +19.3% |
| Fixed assets | 21/28 | €131,006 | €190,793 | +€59,788 | +45.6% |
| Tangible fixed assets | 22/27 | €131,006 | €190,793 | +€59,788 | +45.6% |
| Plant, machinery and equipment | 23 | €131,006 | €190,793 | +€59,788 | +45.6% |
| Current assets | 29/58 | €210,218 | €216,409 | +€6,191 | +2.9% |
| Amounts receivable within one year | 40/41 | €57,826 | €30,850 | -€26,976 | -46.7% |
| Trade receivables | 40 | €55,618 | €27,677 | -€27,941 | -50.2% |
| Other amounts receivable | 41 | €2,208 | €3,173 | +€965 | +43.7% |
| Cash at bank and in hand | 54/58 | €152,392 | €185,559 | +€33,168 | +21.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €341,223 | €407,203 | +€65,979 | +19.3% |
| Equity | 10/15 | €163,832 | €177,609 | +€13,777 | +8.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €138,832 | €152,609 | +€13,777 | +9.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €136,332 | €150,109 | +€13,777 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €177,392 | €229,594 | +€52,202 | +29.4% |
| Amounts payable after more than one year | 17 | €0 | €63,333 | +€63,333 | |
| Financial debts | 170/4 | €0 | €63,333 | +€63,333 | |
| Amounts payable within one year | 42/48 | €177,392 | €166,261 | -€11,131 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €31,034 | €19,000 | -€12,034 | -38.8% |
| Trade debts | 44 | €35,702 | €36,387 | +€684 | +1.9% |
| Suppliers | 440/4 | €35,702 | €36,387 | +€684 | +1.9% |
| Taxes, remuneration and social security | 45 | €11,441 | €17,988 | +€6,547 | +57.2% |
| Taxes | 450/3 | €11,441 | €17,988 | +€6,547 | +57.2% |
| Other amounts payable | 47/48 | €99,215 | €92,886 | -€6,329 | -6.4% |
| Remuneration, social security and pensions | 62 | €47 | €0 | -€47 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,174 | €42,412 | +€12,238 | +40.6% |
| Other operating charges | 640/8 | €743 | €877 | +€134 | +18.0% |
| Gross operating margin | 9900 | €65,987 | €71,647 | +€5,660 | +8.6% |
| Operating profit (loss) | 9901 | €35,022 | €28,358 | -€6,665 | -19.0% |
| Financial income | 75/76B | €403 | €206 | -€197 | -48.9% |
| Recurring financial income | 75 | €403 | €206 | -€197 | -48.9% |
| Financial charges | 65/66B | €1,121 | €10,664 | +€9,543 | +850.9% |
| Recurring financial charges | 65 | €1,121 | €10,664 | +€9,543 | +850.9% |
| Profit (loss) for the period before taxes | 9903 | €34,304 | €17,899 | -€16,405 | -47.8% |
| Income taxes | 67/77 | €11,441 | €4,122 | -€7,319 | -64.0% |
| Profit (loss) for the period | 9904 | €22,863 | €13,777 | -€9,086 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,863 | €13,777 | -€9,086 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.