DE VAGEBOND: 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.
DE VAGEBOND
Largest movements
- Cash -€6,408
down €6,408 (-29.0%), from €22,103 to €15,696
mainly Net result for the year (-€8,078) and Other debts (-€181)
- Tangible fixed assets -€759
no longer reported in 2025 (was €759)
- Receivables within one year -€732
down €732 (-31.7%), from €2,308 to €1,576
- Profit (loss) carried forward -€8,078
down €8,078 (-3.7%), from -€220,276 to -€228,354
- Tax, wage and social debts +€335
new in 2025: €335
- Gross operating margin -€37,897
down €37,897, from €32,417 to -€5,480
- Depreciation -€2,711
down €2,711 (-78.1%), from €3,470 to €759
- Other operating charges -€592
down €592 (-32.2%), from €1,839 to €1,247
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 | €25,833 | €17,959 | -€7,875 | -30.5% |
| Fixed assets | 21/28 | €764 | €5 | -€759 | -99.3% |
| Tangible fixed assets | 22/27 | €759 | - | -€759 | |
| Furniture and vehicles | 24 | €759 | - | -€759 | |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €25,069 | €17,954 | -€7,115 | -28.4% |
| Amounts receivable within one year | 40/41 | €2,308 | €1,576 | -€732 | -31.7% |
| Other amounts receivable | 41 | €2,308 | €1,576 | -€732 | -31.7% |
| Cash at bank and in hand | 54/58 | €22,103 | €15,696 | -€6,408 | -29.0% |
| Deferred charges and accrued income | 490/1 | €658 | €682 | +€25 | +3.7% |
| Total equity and liabilities | 10/49 | €25,833 | €17,959 | -€7,875 | -30.5% |
| Equity | 10/15 | -€138,615 | -€146,693 | -€8,078 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €63,069 | €63,069 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €52,069 | €52,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,276 | -€228,354 | -€8,078 | -3.7% |
| Amounts payable | 17/49 | €164,448 | €164,652 | +€204 | +0.1% |
| Amounts payable within one year | 42/48 | €164,448 | €164,652 | +€204 | +0.1% |
| Trade debts | 44 | €260 | €310 | +€49 | +19.0% |
| Suppliers | 440/4 | €260 | €310 | +€49 | +19.0% |
| Taxes, remuneration and social security | 45 | - | €335 | +€335 | |
| Taxes | 450/3 | - | €335 | +€335 | |
| Other amounts payable | 47/48 | €164,188 | €164,007 | -€181 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,470 | €759 | -€2,711 | -78.1% |
| Other operating charges | 640/8 | €1,839 | €1,247 | -€592 | -32.2% |
| Gross operating margin | 9900 | €32,417 | -€5,480 | -€37,897 | |
| Operating profit (loss) | 9901 | €27,109 | -€7,486 | -€34,595 | |
| Financial charges | 65/66B | €300 | €53 | -€248 | -82.5% |
| Recurring financial charges | 65 | €300 | €53 | -€248 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €26,808 | -€7,539 | -€34,347 | |
| Income taxes | 67/77 | €300 | €539 | +€239 | +79.8% |
| Profit (loss) for the period | 9904 | €26,508 | -€8,078 | -€34,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,508 | -€8,078 | -€34,587 |
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 27 October 2026 via checked.be.