VERGUIMMO: 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.
VERGUIMMO
Largest movements
- Tangible fixed assets -€39,159
down €39,159 (-15.8%), from €247,175 to €208,016
- Cash -€3,041
down €3,041 (-78.1%), from €3,893 to €851
mainly Debts after one year (-€39,510) and Accrued charges and deferred income (-€12,523)
- Debts after one year -€39,510
down €39,510 (-27.2%), from €145,508 to €105,998
- Reserves +€13,380
up €13,380 (+83.1%), from €16,098 to €29,478
- Other debts +€12,692
up €12,692 (+68.7%), from €18,471 to €31,163
- Accrued charges and deferred income -€12,523
down €12,523 (-100.0%), from €12,523 to €0
- Tax, wage and social debts -€11,930
down €11,930 (-36.4%), from €32,800 to €20,870
of which Taxes: -€20,335
- Staff costs +€18,978
up €18,978 (+82.0%), from €23,147 to €42,125
- Gross operating margin +€12,259
up €12,259 (+11.6%), from €106,035 to €118,294
- Depreciation -€2,318
down €2,318 (-4.8%), from €48,323 to €46,005
- Other operating charges -€2,314
down €2,314 (-52.1%), from €4,444 to €2,130
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 | €283,481 | €241,864 | -€41,616 | -14.7% |
| Fixed assets | 21/28 | €247,175 | €208,016 | -€39,159 | -15.8% |
| Tangible fixed assets | 22/27 | €247,175 | €208,016 | -€39,159 | -15.8% |
| Land and buildings | 22 | €169,089 | €150,391 | -€18,699 | -11.1% |
| Plant, machinery and equipment | 23 | €18,700 | €9,818 | -€8,882 | -47.5% |
| Furniture and vehicles | 24 | €4,459 | €8,005 | +€3,547 | +79.5% |
| Other tangible fixed assets | 26 | €54,927 | €39,803 | -€15,125 | -27.5% |
| Current assets | 29/58 | €36,306 | €33,848 | -€2,458 | -6.8% |
| Amounts receivable within one year | 40/41 | €26,285 | €28,753 | +€2,468 | +9.4% |
| Trade receivables | 40 | €23,342 | €15,862 | -€7,480 | -32.0% |
| Other amounts receivable | 41 | €2,942 | €12,890 | +€9,948 | +338.1% |
| Cash at bank and in hand | 54/58 | €3,893 | €851 | -€3,041 | -78.1% |
| Deferred charges and accrued income | 490/1 | €6,128 | €4,244 | -€1,884 | -30.7% |
| Total equity and liabilities | 10/49 | €283,481 | €241,864 | -€41,616 | -14.7% |
| Equity | 10/15 | €15,604 | €28,984 | +€13,380 | +85.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,098 | €29,478 | +€13,380 | +83.1% |
| Distributable reserves | 133 | €16,098 | €29,478 | +€13,380 | +83.1% |
| Profit (loss) carried forward | 14 | -€6,694 | -€6,694 | = | 0.0% |
| Amounts payable | 17/49 | €267,876 | €212,880 | -€54,996 | -20.5% |
| Amounts payable after more than one year | 17 | €145,508 | €105,998 | -€39,510 | -27.2% |
| Financial debts | 170/4 | €145,508 | €105,998 | -€39,510 | -27.2% |
| Amounts payable within one year | 42/48 | €109,845 | €106,882 | -€2,963 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €39,031 | €40,565 | +€1,534 | +3.9% |
| Trade debts | 44 | €19,543 | €14,284 | -€5,258 | -26.9% |
| Suppliers | 440/4 | €19,543 | €14,284 | -€5,258 | -26.9% |
| Taxes, remuneration and social security | 45 | €32,800 | €20,870 | -€11,930 | -36.4% |
| Taxes | 450/3 | €27,764 | €7,429 | -€20,335 | -73.2% |
| Remuneration and social security | 454/9 | €5,036 | €13,441 | +€8,405 | +166.9% |
| Other amounts payable | 47/48 | €18,471 | €31,163 | +€12,692 | +68.7% |
| Accrued charges and deferred income | 492/3 | €12,523 | €0 | -€12,523 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,147 | €42,125 | +€18,978 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,323 | €46,005 | -€2,318 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €796 | +€796 | |
| Other operating charges | 640/8 | €4,444 | €2,130 | -€2,314 | -52.1% |
| Gross operating margin | 9900 | €106,035 | €118,294 | +€12,259 | +11.6% |
| Operating profit (loss) | 9901 | €30,121 | €27,239 | -€2,882 | -9.6% |
| Financial income | 75/76B | €1 | €200 | +€199 | +30620.0% |
| Recurring financial income | 75 | €1 | €200 | +€199 | +30620.0% |
| Financial charges | 65/66B | €5,356 | €4,720 | -€636 | -11.9% |
| Recurring financial charges | 65 | €5,356 | €4,720 | -€636 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €24,766 | €22,718 | -€2,047 | -8.3% |
| Income taxes | 67/77 | €8,667 | €9,338 | +€671 | +7.7% |
| Profit (loss) for the period | 9904 | €16,098 | €13,380 | -€2,718 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,098 | €13,380 | -€2,718 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.