VIERGOED: 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.
VIERGOED
Largest movements
- Stocks and contracts -€551,239
no longer reported in 2025 (was €551,239)
- Cash +€178,063
up €178,063 (+1,557%), from €11,439 to €189,503
mainly Stocks and contracts (+€551,239) and Net result for the year (+€233,355)
- Deferred charges and accrued income +€24,200
new in 2025: €24,200
- Tangible fixed assets -€19,300
no longer reported in 2025 (was €19,300)
- Receivables within one year +€12,736
up €12,736 (+122%), from €10,442 to €23,178
- Debts after one year -€275,000
no longer reported in 2025 (was €275,000)
- Other debts -€233,875
no longer reported in 2025 (was €233,875)
- Reserves +€201,581
up €201,581 (+1,318%), from €15,300 to €216,881
- Trade debts -€80,020
no longer reported in 2025 (was €80,020)
- Profit (loss) carried forward +€31,775
no longer reported in 2025 (was -€31,775)
- Gross operating margin +€339,584
up €339,584, from -€1,792 to €337,793
- Taxes +€62,634
up €62,634 (+408%), from €15,366 to €78,000
- Other operating charges +€14,134
up €14,134 (+11,978%), from €118 to €14,252
- Financial charges +€11,531
up €11,531 (+1,763%), from €654 to €12,185
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 | €592,420 | €236,881 | -€355,540 | -60.0% |
| Fixed assets | 21/28 | €19,300 | - | -€19,300 | |
| Tangible fixed assets | 22/27 | €19,300 | - | -€19,300 | |
| Land and buildings | 22 | €19,300 | - | -€19,300 | |
| Current assets | 29/58 | €573,120 | €236,881 | -€336,240 | -58.7% |
| Stocks and contracts in progress | 3 | €551,239 | - | -€551,239 | |
| Stocks | 30/36 | €551,239 | - | -€551,239 | |
| Amounts receivable within one year | 40/41 | €10,442 | €23,178 | +€12,736 | +122% |
| Other amounts receivable | 41 | €10,442 | €23,178 | +€12,736 | +122% |
| Cash at bank and in hand | 54/58 | €11,439 | €189,503 | +€178,063 | +1,557% |
| Deferred charges and accrued income | 490/1 | - | €24,200 | +€24,200 | |
| Total equity and liabilities | 10/49 | €592,420 | €236,881 | -€355,540 | -60.0% |
| Equity | 10/15 | €3,525 | €236,881 | +€233,355 | +6,620% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,300 | €216,881 | +€201,581 | +1,318% |
| Distributable reserves | 133 | €15,300 | €216,881 | +€201,581 | +1,318% |
| Profit (loss) carried forward | 14 | -€31,775 | - | +€31,775 | |
| Amounts payable | 17/49 | €588,895 | - | -€588,895 | |
| Amounts payable after more than one year | 17 | €275,000 | - | -€275,000 | |
| Financial debts | 170/4 | €275,000 | - | -€275,000 | |
| Amounts payable within one year | 42/48 | €313,895 | - | -€313,895 | |
| Trade debts | 44 | €80,020 | - | -€80,020 | |
| Suppliers | 440/4 | €80,020 | - | -€80,020 | |
| Other amounts payable | 47/48 | €233,875 | - | -€233,875 | |
| Non-recurring operating income | 76A | - | €346,567 | +€346,567 | |
| Other operating charges | 640/8 | €118 | €14,252 | +€14,134 | +11,978% |
| Gross operating margin | 9900 | -€1,792 | €337,793 | +€339,584 | |
| Operating profit (loss) | 9901 | -€1,910 | €323,540 | +€325,450 | |
| Financial charges | 65/66B | €654 | €12,185 | +€11,531 | +1,763% |
| Recurring financial charges | 65 | €654 | €12,185 | +€11,531 | +1,763% |
| Profit (loss) for the period before taxes | 9903 | -€2,563 | €311,355 | +€313,919 | |
| Income taxes | 67/77 | €15,366 | €78,000 | +€62,634 | +408% |
| Profit (loss) for the period | 9904 | -€17,930 | €233,355 | +€251,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,930 | €233,355 | +€251,285 |
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 23 October 2026 via checked.be.