Vergoo: 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.
Vergoo
Largest movements
- Tangible fixed assets +€374,932
up €374,932 (+34.6%), from €1.1m to €1.5m
of which Land and buildings: +€373,591
- Receivables within one year +€30,534
up €30,534 (+141.1%), from €21,643 to €52,178
of which Trade receivables: +€34,957
- Cash -€30,498
down €30,498 (-54.7%), from €55,751 to €25,253
mainly Investment in fixed assets (net) (-€458,232) and Receivables within one year (-€30,534)
- Debts after one year +€240,987
up €240,987 (+43.4%), from €555,468 to €796,455
- Reserves +€82,290
up €82,290 (+104.6%), from €78,650 to €160,940
- Trade debts +€33,453
up €33,453 (+137.1%), from €24,394 to €57,847
- Current portion of long-term debt +€25,308
up €25,308 (+48.2%), from €52,533 to €77,841
- Tax, wage and social debts -€21,680
down €21,680 (-47.7%), from €45,443 to €23,764
of which Taxes: -€18,806
- Gross operating margin +€100,501
up €100,501 (+43.2%), from €232,566 to €333,067
- Staff costs +€33,592
up €33,592 (+62.8%), from €53,450 to €87,043
- Other operating charges +€24,425
up €24,425 (+146.5%), from €16,672 to €41,097
- Depreciation +€22,461
up €22,461 (+36.2%), from €62,121 to €84,582
- Taxes +€10,735
up €10,735 (+136.4%), from €7,871 to €18,606
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.
Cash bridge derived
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 | €1,175,951 | €1,557,524 | +€381,573 | +32.4% |
| Formation expenses | 20 | €772 | €116 | -€656 | -85.0% |
| Fixed assets | 21/28 | €1,085,324 | €1,459,631 | +€374,307 | +34.5% |
| Intangible fixed assets | 21 | €1,835 | €1,210 | -€625 | -34.0% |
| Tangible fixed assets | 22/27 | €1,083,489 | €1,458,421 | +€374,932 | +34.6% |
| Land and buildings | 22 | €1,045,883 | €1,419,475 | +€373,591 | +35.7% |
| Plant, machinery and equipment | 23 | €25,345 | €20,436 | -€4,909 | -19.4% |
| Furniture and vehicles | 24 | €12,261 | €18,510 | +€6,249 | +51.0% |
| Current assets | 29/58 | €89,855 | €97,778 | +€7,923 | +8.8% |
| Stocks and contracts in progress | 3 | €8,341 | €14,507 | +€6,166 | +73.9% |
| Stocks | 30/36 | €8,341 | €14,507 | +€6,166 | +73.9% |
| Amounts receivable within one year | 40/41 | €21,643 | €52,178 | +€30,534 | +141.1% |
| Trade receivables | 40 | €9,165 | €44,122 | +€34,957 | +381.4% |
| Other amounts receivable | 41 | €12,478 | €8,055 | -€4,423 | -35.4% |
| Cash at bank and in hand | 54/58 | €55,751 | €25,253 | -€30,498 | -54.7% |
| Deferred charges and accrued income | 490/1 | €4,120 | €5,841 | +€1,721 | +41.8% |
| Total equity and liabilities | 10/49 | €1,175,951 | €1,557,524 | +€381,573 | +32.4% |
| Equity | 10/15 | €89,422 | €171,721 | +€82,299 | +92.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,650 | €160,940 | +€82,290 | +104.6% |
| Distributable reserves | 133 | €78,650 | €160,940 | +€82,290 | +104.6% |
| Profit (loss) carried forward | 14 | €5,772 | €5,781 | +€9 | +0.2% |
| Amounts payable | 17/49 | €1,086,529 | €1,385,803 | +€299,274 | +27.5% |
| Amounts payable after more than one year | 17 | €555,468 | €796,455 | +€240,987 | +43.4% |
| Financial debts | 170/4 | €555,468 | €796,455 | +€240,987 | +43.4% |
| Amounts payable within one year | 42/48 | €530,745 | €588,674 | +€57,929 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €52,533 | €77,841 | +€25,308 | +48.2% |
| Trade debts | 44 | €24,394 | €57,847 | +€33,453 | +137.1% |
| Suppliers | 440/4 | €24,394 | €57,847 | +€33,453 | +137.1% |
| Taxes, remuneration and social security | 45 | €45,443 | €23,764 | -€21,680 | -47.7% |
| Taxes | 450/3 | €36,152 | €17,346 | -€18,806 | -52.0% |
| Remuneration and social security | 454/9 | €9,291 | €6,418 | -€2,874 | -30.9% |
| Other amounts payable | 47/48 | €408,374 | €429,222 | +€20,848 | +5.1% |
| Accrued charges and deferred income | 492/3 | €316 | €674 | +€357 | +113.0% |
| Remuneration, social security and pensions | 62 | €53,450 | €87,043 | +€33,592 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,121 | €84,582 | +€22,461 | +36.2% |
| Other operating charges | 640/8 | €16,672 | €41,097 | +€24,425 | +146.5% |
| Gross operating margin | 9900 | €232,566 | €333,067 | +€100,501 | +43.2% |
| Operating profit (loss) | 9901 | €100,323 | €120,346 | +€20,023 | +20.0% |
| Financial income | 75/76B | €77 | €639 | +€562 | +734.2% |
| Recurring financial income | 75 | €77 | €639 | +€562 | +734.2% |
| Financial charges | 65/66B | €13,874 | €20,079 | +€6,205 | +44.7% |
| Recurring financial charges | 65 | €13,874 | €20,079 | +€6,205 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €86,525 | €100,905 | +€14,380 | +16.6% |
| Income taxes | 67/77 | €7,871 | €18,606 | +€10,735 | +136.4% |
| Profit (loss) for the period | 9904 | €78,655 | €82,299 | +€3,644 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,655 | €82,299 | +€3,644 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.