DE VOGHEL: 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 VOGHEL
Largest movements
- Tangible fixed assets -€2,489
down €2,489 (-3.9%), from €63,409 to €60,920
- Profit (loss) carried forward -€29,795
down €29,795 (-71.6%), from €41,609 to €11,813
- Other debts +€27,501
new in 2025: €27,501
- Gross operating margin -€23,884
down €23,884 (-2,827%), from -€845 to -€24,729
- Other operating charges +€1,756
up €1,756 (+214%), from €821 to €2,577
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 | €184,609 | €182,315 | -€2,294 | -1.2% |
| Fixed assets | 21/28 | €63,409 | €60,920 | -€2,489 | -3.9% |
| Tangible fixed assets | 22/27 | €63,409 | €60,920 | -€2,489 | -3.9% |
| Land and buildings | 22 | €63,409 | €60,920 | -€2,489 | -3.9% |
| Current assets | 29/58 | €121,199 | €121,394 | +€195 | +0.2% |
| Amounts receivable within one year | 40/41 | €121,199 | €121,394 | +€195 | +0.2% |
| Other amounts receivable | 41 | €121,199 | €121,394 | +€195 | +0.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €184,609 | €182,315 | -€2,294 | -1.2% |
| Equity | 10/15 | €184,609 | €154,813 | -€29,795 | -16.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €13,000 | +€13,000 | |
| Other | 1319 | - | €13,000 | +€13,000 | |
| Distributable reserves | 133 | €13,000 | - | -€13,000 | |
| Profit (loss) carried forward | 14 | €41,609 | €11,813 | -€29,795 | -71.6% |
| Amounts payable | 17/49 | - | €27,501 | +€27,501 | |
| Amounts payable within one year | 42/48 | - | €27,501 | +€27,501 | |
| Other amounts payable | 47/48 | - | €27,501 | +€27,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,489 | €2,489 | = | 0.0% |
| Other operating charges | 640/8 | €821 | €2,577 | +€1,756 | +214% |
| Gross operating margin | 9900 | -€845 | -€24,729 | -€23,884 | -2,827% |
| Operating profit (loss) | 9901 | -€4,155 | -€29,795 | -€25,641 | -617% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€4,155 | -€29,795 | -€25,640 | -617% |
| Profit (loss) for the period | 9904 | -€4,155 | -€29,795 | -€25,640 | -617% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,155 | -€29,795 | -€25,640 | -617% |
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 18 October 2026 via checked.be.