VERGINA: what changed
VERGINA
Largest movements
- Cash +€27,611
up €27,611 (+26.4%), from €104,632 to €132,243
mainly Net result for the year (+€16,747) and Receivables within one year (+€8,404)
- Receivables within one year -€8,404
down €8,404 (-92.5%), from €9,081 to €677
of which Trade receivables: -€8,381
- Profit (loss) carried forward +€16,746
up €16,746 (+145%), from €11,524 to €28,270
- Other debts -€9,872
down €9,872 (-24.2%), from €40,723 to €30,851
- Tax, wage and social debts +€7,693
up €7,693 (+33.6%), from €22,902 to €30,595
of which Remuneration and social security: +€4,355
- Trade debts +€3,303
up €3,303 (+567%), from €583 to €3,886
- Gross operating margin -€12,856
down €12,856 (-26.9%), from €47,789 to €34,933
- Taxes -€6,782
down €6,782 (-45.3%), from €14,974 to €8,192
- Staff costs +€4,019
new in 2025: €4,019
- Other operating charges +€1,067
up €1,067 (+144%), from €741 to €1,808
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,475 | €142,345 | +€17,870 | +14.4% |
| Fixed assets | 21/28 | €5,425 | €4,625 | -€800 | -14.7% |
| Tangible fixed assets | 22/27 | €2,883 | €2,083 | -€800 | -27.7% |
| Plant, machinery and equipment | 23 | €2,883 | €2,083 | -€800 | -27.7% |
| Financial fixed assets | 28 | €2,542 | €2,542 | = | 0.0% |
| Current assets | 29/58 | €119,050 | €137,720 | +€18,670 | +15.7% |
| Stocks and contracts in progress | 3 | €1,997 | €2,266 | +€269 | +13.5% |
| Stocks | 30/36 | €1,997 | €2,266 | +€269 | +13.5% |
| Amounts receivable within one year | 40/41 | €9,081 | €677 | -€8,404 | -92.5% |
| Trade receivables | 40 | €9,058 | €677 | -€8,381 | -92.5% |
| Other amounts receivable | 41 | €23 | - | -€23 | |
| Cash at bank and in hand | 54/58 | €104,632 | €132,243 | +€27,611 | +26.4% |
| Deferred charges and accrued income | 490/1 | €3,340 | €2,534 | -€806 | -24.1% |
| Total equity and liabilities | 10/49 | €124,475 | €142,345 | +€17,870 | +14.4% |
| Equity | 10/15 | €60,267 | €77,013 | +€16,746 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,143 | €30,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,283 | €28,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,524 | €28,270 | +€16,746 | +145% |
| Amounts payable | 17/49 | €64,208 | €65,332 | +€1,124 | +1.8% |
| Amounts payable within one year | 42/48 | €64,208 | €65,332 | +€1,124 | +1.8% |
| Trade debts | 44 | €583 | €3,886 | +€3,303 | +567% |
| Suppliers | 440/4 | €583 | €3,886 | +€3,303 | +567% |
| Taxes, remuneration and social security | 45 | €22,902 | €30,595 | +€7,693 | +33.6% |
| Taxes | 450/3 | €20,504 | €23,842 | +€3,338 | +16.3% |
| Remuneration and social security | 454/9 | €2,398 | €6,753 | +€4,355 | +182% |
| Other amounts payable | 47/48 | €40,723 | €30,851 | -€9,872 | -24.2% |
| Remuneration, social security and pensions | 62 | - | €4,019 | +€4,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,506 | +€236 | +18.6% |
| Other operating charges | 640/8 | €741 | €1,808 | +€1,067 | +144% |
| Gross operating margin | 9900 | €47,789 | €34,933 | -€12,856 | -26.9% |
| Operating profit (loss) | 9901 | €45,778 | €27,600 | -€18,178 | -39.7% |
| Financial charges | 65/66B | €2,520 | €2,661 | +€141 | +5.6% |
| Recurring financial charges | 65 | €2,520 | €2,661 | +€141 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €43,258 | €24,939 | -€18,319 | -42.3% |
| Income taxes | 67/77 | €14,974 | €8,192 | -€6,782 | -45.3% |
| Profit (loss) for the period | 9904 | €28,284 | €16,747 | -€11,537 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,284 | €16,747 | -€11,537 | -40.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.