VERGOTE: 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.
VERGOTE
Largest movements
- Tangible fixed assets +€15,113
up €15,113 (+13.5%), from €112,268 to €127,380
of which Plant, machinery and equipment: +€22,206
- Deferred charges and accrued income +€7,194
up €7,194 (+141.1%), from €5,099 to €12,293
- Intangible fixed assets -€5,123
down €5,123 (-17.4%), from €29,477 to €24,354
- Other debts -€69,653
down €69,653 (-84.6%), from €82,351 to €12,698
- Trade debts +€54,646
up €54,646 (+32.4%), from €168,700 to €223,346
- Tax, wage and social debts +€11,574
up €11,574 (+187.3%), from €6,180 to €17,755
of which Remuneration and social security: +€6,579
- Contributions +€6,500
up €6,500 (+40.6%), from €16,000 to €22,500
- Current portion of long-term debt +€5,212
up €5,212 (+12.5%), from €41,735 to €46,947
- Gross operating margin -€24,672
down €24,672 (-10.5%), from €235,586 to €210,914
- Depreciation +€12,618
up €12,618 (+34.3%), from €36,779 to €49,397
- Staff costs +€11,701
up €11,701 (+9.0%), from €129,705 to €141,406
- Taxes +€4,033
up €4,033 (+253.9%), from €1,588 to €5,621
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 | €403,617 | €412,444 | +€8,827 | +2.2% |
| Fixed assets | 21/28 | €141,824 | €151,734 | +€9,911 | +7.0% |
| Intangible fixed assets | 21 | €29,477 | €24,354 | -€5,123 | -17.4% |
| Tangible fixed assets | 22/27 | €112,268 | €127,380 | +€15,113 | +13.5% |
| Plant, machinery and equipment | 23 | €4,700 | €26,906 | +€22,206 | +472.5% |
| Furniture and vehicles | 24 | €107,568 | €96,842 | -€10,726 | -10.0% |
| Other tangible fixed assets | 26 | - | €3,633 | +€3,633 | |
| Financial fixed assets | 28 | €79 | €0 | -€79 | -100.0% |
| Current assets | 29/58 | €261,794 | €260,710 | -€1,084 | -0.4% |
| Stocks and contracts in progress | 3 | €39,464 | €37,394 | -€2,070 | -5.2% |
| Stocks | 30/36 | €39,464 | €37,394 | -€2,070 | -5.2% |
| Amounts receivable within one year | 40/41 | €197,504 | €194,258 | -€3,246 | -1.6% |
| Trade receivables | 40 | €165,369 | €144,066 | -€21,304 | -12.9% |
| Other amounts receivable | 41 | €32,135 | €50,192 | +€18,057 | +56.2% |
| Cash at bank and in hand | 54/58 | €19,727 | €16,765 | -€2,962 | -15.0% |
| Deferred charges and accrued income | 490/1 | €5,099 | €12,293 | +€7,194 | +141.1% |
| Total equity and liabilities | 10/49 | €403,617 | €412,444 | +€8,827 | +2.2% |
| Equity | 10/15 | €17,490 | €27,812 | +€10,322 | +59.0% |
| Contributions | 10/11 | €16,000 | €22,500 | +€6,500 | +40.6% |
| Reserves | 13 | €1,490 | €5,312 | +€3,822 | +256.6% |
| Distributable reserves | 133 | €1,490 | €5,312 | +€3,822 | +256.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €386,128 | €384,632 | -€1,495 | -0.4% |
| Amounts payable after more than one year | 17 | €86,771 | €83,685 | -€3,086 | -3.6% |
| Financial debts | 170/4 | €86,771 | €83,685 | -€3,086 | -3.6% |
| Amounts payable within one year | 42/48 | €298,967 | €300,746 | +€1,779 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €41,735 | €46,947 | +€5,212 | +12.5% |
| Trade debts | 44 | €168,700 | €223,346 | +€54,646 | +32.4% |
| Suppliers | 440/4 | €168,700 | €223,346 | +€54,646 | +32.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,180 | €17,755 | +€11,574 | +187.3% |
| Taxes | 450/3 | €972 | €5,967 | +€4,995 | +513.9% |
| Remuneration and social security | 454/9 | €5,208 | €11,788 | +€6,579 | +126.3% |
| Other amounts payable | 47/48 | €82,351 | €12,698 | -€69,653 | -84.6% |
| Accrued charges and deferred income | 492/3 | €390 | €201 | -€188 | -48.3% |
| Remuneration, social security and pensions | 62 | €129,705 | €141,406 | +€11,701 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,779 | €49,397 | +€12,618 | +34.3% |
| Other operating charges | 640/8 | €2,905 | €4,850 | +€1,945 | +66.9% |
| Gross operating margin | 9900 | €235,586 | €210,914 | -€24,672 | -10.5% |
| Operating profit (loss) | 9901 | €66,197 | €15,261 | -€50,936 | -76.9% |
| Financial income | 75/76B | €814 | €184 | -€630 | -77.4% |
| Recurring financial income | 75 | €814 | €184 | -€630 | -77.4% |
| Financial charges | 65/66B | €7,891 | €6,002 | -€1,889 | -23.9% |
| Recurring financial charges | 65 | €7,891 | €6,002 | -€1,889 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €59,120 | €9,443 | -€49,677 | -84.0% |
| Income taxes | 67/77 | €1,588 | €5,621 | +€4,033 | +253.9% |
| Profit (loss) for the period | 9904 | €57,532 | €3,822 | -€53,709 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,532 | €3,822 | -€53,709 | -93.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.