VERGOTTE IMMO: 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.
VERGOTTE IMMO
Largest movements
- Cash +€187,116
up €187,116 (+87.5%), from €213,753 to €400,869
mainly Net result for the year (+€173,998) and Depreciation (+€71,198)
- Tangible fixed assets -€71,198
down €71,198 (-11.2%), from €635,832 to €564,634
- Current investments +€49,074
up €49,074 (+5.9%), from €827,477 to €876,551
- Receivables within one year -€25,030
down €25,030 (-52.6%), from €47,547 to €22,516
of which Trade receivables: -€20,624
- Reserves +€173,998
up €173,998 (+15.7%), from €1.1m to €1.3m
of which Distributable reserves: +€175,297
- Debts after one year -€33,000
down €33,000 (-16.7%), from €198,000 to €165,000
- Financial charges -€21,311
down €21,311 (-89.0%), from €23,958 to €2,647
- Taxes +€16,105
up €16,105 (+39.5%), from €40,744 to €56,849
- Financial income -€13,818
down €13,818 (-18.6%), from €74,367 to €60,549
of which Non-recurring financial income: -€34,027
- Gross operating margin +€12,179
up €12,179 (+4.5%), from €268,223 to €280,402
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 | €1,725,441 | €1,865,445 | +€140,004 | +8.1% |
| Fixed assets | 21/28 | €635,832 | €564,634 | -€71,198 | -11.2% |
| Tangible fixed assets | 22/27 | €635,832 | €564,634 | -€71,198 | -11.2% |
| Land and buildings | 22 | €635,832 | €564,634 | -€71,198 | -11.2% |
| Current assets | 29/58 | €1,089,610 | €1,300,811 | +€211,201 | +19.4% |
| Amounts receivable within one year | 40/41 | €47,547 | €22,516 | -€25,030 | -52.6% |
| Trade receivables | 40 | €22,298 | €1,674 | -€20,624 | -92.5% |
| Other amounts receivable | 41 | €25,249 | €20,842 | -€4,407 | -17.5% |
| Current investments | 50/53 | €827,477 | €876,551 | +€49,074 | +5.9% |
| Cash at bank and in hand | 54/58 | €213,753 | €400,869 | +€187,116 | +87.5% |
| Deferred charges and accrued income | 490/1 | €833 | €874 | +€41 | +4.9% |
| Total equity and liabilities | 10/49 | €1,725,441 | €1,865,445 | +€140,004 | +8.1% |
| Equity | 10/15 | €1,461,428 | €1,635,426 | +€173,998 | +11.9% |
| Contributions | 10/11 | €349,937 | €349,937 | = | 0.0% |
| Capital | 10 | €349,937 | €349,937 | = | 0.0% |
| Issued capital | 100 | €349,937 | €349,937 | = | 0.0% |
| Reserves | 13 | €1,111,491 | €1,285,489 | +€173,998 | +15.7% |
| Non-distributable reserves | 130/1 | €34,994 | €34,994 | = | 0.0% |
| Legal reserve | 130 | €34,994 | €34,994 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,467 | €20,169 | -€1,299 | -6.1% |
| Distributable reserves | 133 | €1,055,030 | €1,230,327 | +€175,297 | +16.6% |
| Provisions and deferred taxes | 16 | €9,586 | €8,917 | -€669 | -7.0% |
| Deferred taxes | 168 | €9,586 | €8,917 | -€669 | -7.0% |
| Amounts payable | 17/49 | €254,427 | €221,102 | -€33,325 | -13.1% |
| Amounts payable after more than one year | 17 | €198,000 | €165,000 | -€33,000 | -16.7% |
| Financial debts | 170/4 | €198,000 | €165,000 | -€33,000 | -16.7% |
| Amounts payable within one year | 42/48 | €55,794 | €55,329 | -€465 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €33,000 | €33,000 | = | 0.0% |
| Trade debts | 44 | €22,108 | €22,329 | +€221 | +1.0% |
| Suppliers | 440/4 | €22,108 | €22,329 | +€221 | +1.0% |
| Taxes, remuneration and social security | 45 | €686 | - | -€686 | |
| Taxes | 450/3 | €686 | - | -€686 | |
| Accrued charges and deferred income | 492/3 | €633 | €773 | +€139 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,861 | €71,198 | -€663 | -0.9% |
| Other operating charges | 640/8 | €35,805 | €36,928 | +€1,123 | +3.1% |
| Gross operating margin | 9900 | €268,223 | €280,402 | +€12,179 | +4.5% |
| Operating profit (loss) | 9901 | €160,557 | €172,276 | +€11,719 | +7.3% |
| Financial income | 75/76B | €74,367 | €60,549 | -€13,818 | -18.6% |
| Recurring financial income | 75 | €40,340 | €60,549 | +€20,209 | +50.1% |
| Non-recurring financial income | 76B | €34,027 | - | -€34,027 | |
| Financial charges | 65/66B | €23,958 | €2,647 | -€21,311 | -89.0% |
| Recurring financial charges | 65 | €23,958 | €2,647 | -€21,311 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €210,966 | €230,178 | +€19,212 | +9.1% |
| Transfer from deferred taxes | 780 | €669 | €669 | = | 0.0% |
| Income taxes | 67/77 | €40,744 | €56,849 | +€16,105 | +39.5% |
| Profit (loss) for the period | 9904 | €170,890 | €173,998 | +€3,108 | +1.8% |
| Transfer from tax-exempt reserves | 789 | €1,299 | €1,299 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €172,189 | €175,297 | +€3,108 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.