VERGIELIS: 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.
VERGIELIS
Largest movements
- Tangible fixed assets -€12,637
down €12,637 (-2.9%), from €433,134 to €420,498
of which Land and buildings: -€14,693
- Cash +€5,211
up €5,211 (+30.2%), from €17,283 to €22,493
mainly Depreciation (+€14,793) and Accrued charges and deferred income (+€1,261)
- Profit (loss) carried forward -€6,043
down €6,043 (-4.0%), from -€152,067 to -€158,109
- Gross operating margin +€7,578
up €7,578 (+181%), from €4,186 to €11,764
- Depreciation -€2,792
down €2,792 (-15.9%), from €17,585 to €14,793
- Other operating charges -€132
down €132 (-4.3%), from €3,083 to €2,951
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 | €452,381 | €446,002 | -€6,379 | -1.4% |
| Fixed assets | 21/28 | €433,134 | €420,498 | -€12,637 | -2.9% |
| Tangible fixed assets | 22/27 | €433,134 | €420,498 | -€12,637 | -2.9% |
| Land and buildings | 22 | €433,134 | €418,441 | -€14,693 | -3.4% |
| Furniture and vehicles | 24 | €0 | €2,057 | +€2,057 | |
| Current assets | 29/58 | €19,247 | €25,504 | +€6,258 | +32.5% |
| Amounts receivable within one year | 40/41 | €63 | €18 | -€45 | -71.1% |
| Trade receivables | 40 | €63 | €18 | -€45 | -71.1% |
| Cash at bank and in hand | 54/58 | €17,283 | €22,493 | +€5,211 | +30.2% |
| Deferred charges and accrued income | 490/1 | €1,901 | €2,993 | +€1,092 | +57.4% |
| Total equity and liabilities | 10/49 | €452,381 | €446,002 | -€6,379 | -1.4% |
| Equity | 10/15 | €447,933 | €441,891 | -€6,043 | -1.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,067 | -€158,109 | -€6,043 | -4.0% |
| Amounts payable | 17/49 | €4,448 | €4,112 | -€336 | -7.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,924 | €326 | -€1,598 | -83.0% |
| Current portion of amounts payable after more than one year | 42 | €1,307 | €0 | -€1,307 | -100% |
| Trade debts | 44 | €27 | €0 | -€27 | -100% |
| Suppliers | 440/4 | €27 | €0 | -€27 | -100% |
| Other amounts payable | 47/48 | €590 | €326 | -€263 | -44.7% |
| Accrued charges and deferred income | 492/3 | €2,524 | €3,785 | +€1,261 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,585 | €14,793 | -€2,792 | -15.9% |
| Other operating charges | 640/8 | €3,083 | €2,951 | -€132 | -4.3% |
| Gross operating margin | 9900 | €4,186 | €11,764 | +€7,578 | +181% |
| Operating profit (loss) | 9901 | -€16,483 | -€5,980 | +€10,502 | +63.7% |
| Financial charges | 65/66B | €119 | €62 | -€56 | -47.5% |
| Recurring financial charges | 65 | €119 | €62 | -€56 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,601 | -€6,043 | +€10,559 | +63.6% |
| Profit (loss) for the period | 9904 | -€16,601 | -€6,043 | +€10,559 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,601 | -€6,043 | +€10,559 | +63.6% |
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 20 October 2026 via checked.be.