VERGO HOLDING: what changed
What changed
VERGO HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€166,261
2024 · €725,185-€558,925
Equity
€1.3m
2024 · €1.1m+€166,261
Cash
€3,293
2024 · €3,019+€274
Balance sheet total
€2.4m
2024 · €2.3m+€126,505
Largest movements
Assets
- Financial fixed assets +€166,419
up €166,419 (+9.1%), from €1.8m to €2.0m
- Receivables within one year -€40,188
down €40,188 (-9.5%), from €424,089 to €383,901
of which Other amounts receivable: -€112,788
Equity and liabilities
- Reserves +€166,261
up €166,261 (+22.1%), from €750,652 to €916,913
- Trade debts -€79,067
down €79,067 (-73.9%), from €107,059 to €27,992
- Accrued charges and deferred income +€41,332
up €41,332, from €0 to €41,332
Income statement
- Financial income -€559,281
down €559,281 (-77.1%), from €725,700 to €166,419
of which Non-recurring financial income: -€367,197
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.
Result 2024
€725,185
Gross operating margin
+€200
Other operating charges
-€33
Financial income
-€559,281
Financial charges
+€189
Result 2025
€166,261
raises the resultlowers the result
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.
From operations
+€166,693
Investment
-€166,419
Financing
€0
Cash 2024
€3,019
From operations (derived)
+€166,693
Net result for the year
+€166,261
Receivables within one year
+€40,188
Trade debts
-€79,067
Tax, wage and social debts
+€607
Other debts
-€2,628
Accrued charges and deferred income
+€41,332
Investment (derived)
-€166,419
Investment in fixed assets (net)
-€166,419
Cash 2025
€3,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,260,644 | €2,387,149 | +€126,505 | +5.6% |
| Fixed assets | 21/28 | €1,833,536 | €1,999,954 | +€166,419 | +9.1% |
| Financial fixed assets | 28 | €1,833,536 | €1,999,954 | +€166,419 | +9.1% |
| Current assets | 29/58 | €427,109 | €387,194 | -€39,914 | -9.3% |
| Amounts receivable within one year | 40/41 | €424,089 | €383,901 | -€40,188 | -9.5% |
| Trade receivables | 40 | €145,200 | €217,800 | +€72,600 | +50.0% |
| Other amounts receivable | 41 | €278,889 | €166,101 | -€112,788 | -40.4% |
| Cash at bank and in hand | 54/58 | €3,019 | €3,293 | +€274 | +9.1% |
| Total equity and liabilities | 10/49 | €2,260,644 | €2,387,149 | +€126,505 | +5.6% |
| Equity | 10/15 | €1,107,652 | €1,273,913 | +€166,261 | +15.0% |
| Contributions | 10/11 | €357,000 | €357,000 | = | 0.0% |
| Reserves | 13 | €750,652 | €916,913 | +€166,261 | +22.1% |
| Distributable reserves | 133 | €750,652 | €916,913 | +€166,261 | +22.1% |
| Amounts payable | 17/49 | €1,152,992 | €1,113,236 | -€39,756 | -3.4% |
| Amounts payable after more than one year | 17 | €1,031,510 | €1,031,510 | = | 0.0% |
| Financial debts | 170/4 | €1,031,510 | €1,031,510 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,482 | €40,394 | -€81,088 | -66.7% |
| Trade debts | 44 | €107,059 | €27,992 | -€79,067 | -73.9% |
| Suppliers | 440/4 | €107,059 | €27,992 | -€79,067 | -73.9% |
| Taxes, remuneration and social security | 45 | €11,795 | €12,402 | +€607 | +5.1% |
| Taxes | 450/3 | €11,795 | €12,402 | +€607 | +5.1% |
| Other amounts payable | 47/48 | €2,628 | €0 | -€2,628 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €41,332 | +€41,332 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €42,511 | €42,711 | +€200 | +0.5% |
| Operating profit (loss) | 9901 | €41,425 | €41,592 | +€167 | +0.4% |
| Financial income | 75/76B | €725,700 | €166,419 | -€559,281 | -77.1% |
| Recurring financial income | 75 | €192,084 | €0 | -€192,084 | -100% |
| Non-recurring financial income | 76B | €533,616 | €166,419 | -€367,197 | -68.8% |
| Financial charges | 65/66B | €41,940 | €41,751 | -€189 | -0.5% |
| Recurring financial charges | 65 | €41,940 | €41,751 | -€189 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €725,185 | €166,261 | -€558,925 | -77.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €725,185 | €166,261 | -€558,925 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €725,185 | €166,261 | -€558,925 | -77.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.