VERGECO: 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.
VERGECO
Largest movements
- Stocks and contracts +€29,732
up €29,732 (+2.2%), from €1.4m to €1.4m
- Other debts +€116,510
up €116,510 (+19.0%), from €613,967 to €730,477
- Tax, wage and social debts -€79,200
no longer reported in 2024 (was €79,200)
- Financial charges +€1,669
up €1,669 (+76.1%), from €2,193 to €3,862
- Gross operating margin +€1,006
up €1,006 (+10.4%), from -€9,648 to -€8,643
- Other operating charges -€330
down €330 (-21.0%), from €1,576 to €1,246
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 | €1,378,362 | €1,406,956 | +€28,594 | +2.1% |
| Current assets | 29/58 | €1,378,362 | €1,406,956 | +€28,594 | +2.1% |
| Stocks and contracts in progress | 3 | €1,377,088 | €1,406,820 | +€29,732 | +2.2% |
| Stocks | 30/36 | €1,377,088 | €1,406,820 | +€29,732 | +2.2% |
| Cash at bank and in hand | 54/58 | €1,274 | €136 | -€1,139 | -89.3% |
| Total equity and liabilities | 10/49 | €1,378,362 | €1,406,956 | +€28,594 | +2.1% |
| Equity | 10/15 | €178,431 | €164,681 | -€13,750 | -7.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,569 | -€85,319 | -€13,750 | -19.2% |
| Amounts payable | 17/49 | €1,199,931 | €1,242,275 | +€42,344 | +3.5% |
| Amounts payable within one year | 42/48 | €1,197,850 | €1,240,637 | +€42,787 | +3.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €4,683 | €10,160 | +€5,477 | +117.0% |
| Suppliers | 440/4 | €4,683 | €10,160 | +€5,477 | +117.0% |
| Taxes, remuneration and social security | 45 | €79,200 | - | -€79,200 | |
| Taxes | 450/3 | €79,200 | - | -€79,200 | |
| Other amounts payable | 47/48 | €613,967 | €730,477 | +€116,510 | +19.0% |
| Accrued charges and deferred income | 492/3 | €2,081 | €1,638 | -€443 | -21.3% |
| Other operating charges | 640/8 | €1,576 | €1,246 | -€330 | -21.0% |
| Gross operating margin | 9900 | -€9,648 | -€8,643 | +€1,006 | +10.4% |
| Operating profit (loss) | 9901 | -€11,224 | -€9,888 | +€1,336 | +11.9% |
| Financial charges | 65/66B | €2,193 | €3,862 | +€1,669 | +76.1% |
| Recurring financial charges | 65 | €2,193 | €3,862 | +€1,669 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,417 | -€13,750 | -€333 | -2.5% |
| Profit (loss) for the period | 9904 | -€13,417 | -€13,750 | -€333 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,417 | -€13,750 | -€333 | -2.5% |
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 5 October 2026 via checked.be.