GROEN VANGEEL: what changed
GROEN VANGEEL
Largest movements
- Cash -€8,234
down €8,234 (-13.7%), from €59,911 to €51,677
mainly Receivables within one year (-€6,662) and Trade debts (-€2,537)
- Receivables within one year +€6,662
up €6,662 (+98.0%), from €6,801 to €13,463
of which Trade receivables: +€4,662
- Tax, wage and social debts +€3,612
up €3,612 (+33.1%), from €10,918 to €14,530
of which Remuneration and social security: +€2,847
- Trade debts -€2,537
down €2,537 (-46.4%), from €5,464 to €2,927
- Reserves -€1,774
down €1,774 (-4.1%), from €43,530 to €41,756
- Other debts -€793
down €793 (-21.7%), from €3,660 to €2,867
- Staff costs +€8,062
up €8,062 (+18.1%), from €44,555 to €52,617
- Gross operating margin +€6,774
up €6,774 (+15.2%), from €44,604 to €51,378
- Write-downs +€2,995
no longer reported in 2025 (was -€2,995)
- Financial income -€1,266
down €1,266 (-91.1%), from €1,390 to €124
- Taxes -€1,198
no longer reported in 2025 (was €1,198)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,026 | €68,541 | -€1,485 | -2.1% |
| Current assets | 29/58 | €70,026 | €68,541 | -€1,485 | -2.1% |
| Amounts receivable within one year | 40/41 | €6,801 | €13,463 | +€6,662 | +98.0% |
| Trade receivables | 40 | €6,801 | €11,463 | +€4,662 | +68.6% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €59,911 | €51,677 | -€8,234 | -13.7% |
| Deferred charges and accrued income | 490/1 | €3,314 | €3,402 | +€87 | +2.6% |
| Total equity and liabilities | 10/49 | €70,026 | €68,541 | -€1,485 | -2.1% |
| Equity | 10/15 | €49,730 | €47,956 | -€1,774 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,530 | €41,756 | -€1,774 | -4.1% |
| Distributable reserves | 133 | €43,530 | €41,756 | -€1,774 | -4.1% |
| Amounts payable | 17/49 | €20,295 | €20,585 | +€290 | +1.4% |
| Amounts payable within one year | 42/48 | €20,041 | €20,323 | +€282 | +1.4% |
| Trade debts | 44 | €5,464 | €2,927 | -€2,537 | -46.4% |
| Suppliers | 440/4 | €5,464 | €2,927 | -€2,537 | -46.4% |
| Taxes, remuneration and social security | 45 | €10,918 | €14,530 | +€3,612 | +33.1% |
| Taxes | 450/3 | €7,899 | €8,665 | +€765 | +9.7% |
| Remuneration and social security | 454/9 | €3,018 | €5,865 | +€2,847 | +94.3% |
| Other amounts payable | 47/48 | €3,660 | €2,867 | -€793 | -21.7% |
| Accrued charges and deferred income | 492/3 | €254 | €262 | +€8 | +3.1% |
| Remuneration, social security and pensions | 62 | €44,555 | €52,617 | +€8,062 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | - | -€179 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,995 | - | +€2,995 | |
| Other operating charges | 640/8 | €653 | €617 | -€35 | -5.4% |
| Gross operating margin | 9900 | €44,604 | €51,378 | +€6,774 | +15.2% |
| Operating profit (loss) | 9901 | €2,212 | -€1,857 | -€4,069 | |
| Financial income | 75/76B | €1,390 | €124 | -€1,266 | -91.1% |
| Recurring financial income | 75 | €1,390 | €124 | -€1,266 | -91.1% |
| Financial charges | 65/66B | €52 | €42 | -€9 | -18.3% |
| Recurring financial charges | 65 | €52 | €42 | -€9 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €3,551 | -€1,774 | -€5,325 | |
| Income taxes | 67/77 | €1,198 | - | -€1,198 | |
| Profit (loss) for the period | 9904 | €2,353 | -€1,774 | -€4,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,353 | -€1,774 | -€4,128 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.