MR. VAGABOND: what changed
MR. VAGABOND
Largest movements
- Cash +€47,120
up €47,120 (+40.7%), from €115,646 to €162,766
mainly Receivables within one year (+€39,175) and Net result for the year (+€11,390)
- Receivables within one year -€39,175
down €39,175 (-58.7%), from €66,789 to €27,614
of which Trade receivables: -€41,010
- Reserves +€11,390
up €11,390 (+6.5%), from €174,103 to €185,493
of which Distributable reserves: +€11,390
- Tax, wage and social debts -€5,093
down €5,093 (-42.9%), from €11,862 to €6,770
- Gross operating margin -€63,925
down €63,925 (-72.2%), from €88,483 to €24,557
- Taxes -€19,621
down €19,621 (-79.7%), from €24,621 to €5,000
- Depreciation +€1,044
up €1,044 (+24.5%), from €4,264 to €5,308
- Financial charges +€951
up €951 (+410%), from €232 to €1,183
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 | €204,824 | €211,656 | +€6,832 | +3.3% |
| Fixed assets | 21/28 | €21,465 | €20,332 | -€1,133 | -5.3% |
| Tangible fixed assets | 22/27 | €12,165 | €11,032 | -€1,133 | -9.3% |
| Plant, machinery and equipment | 23 | €577 | €0 | -€577 | -100% |
| Furniture and vehicles | 24 | €11,588 | €11,032 | -€556 | -4.8% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €183,359 | €191,324 | +€7,965 | +4.3% |
| Amounts receivable within one year | 40/41 | €66,789 | €27,614 | -€39,175 | -58.7% |
| Trade receivables | 40 | €64,373 | €23,363 | -€41,010 | -63.7% |
| Other amounts receivable | 41 | €2,417 | €4,252 | +€1,835 | +75.9% |
| Cash at bank and in hand | 54/58 | €115,646 | €162,766 | +€47,120 | +40.7% |
| Deferred charges and accrued income | 490/1 | €924 | €944 | +€20 | +2.2% |
| Total equity and liabilities | 10/49 | €204,824 | €211,656 | +€6,832 | +3.3% |
| Equity | 10/15 | €192,703 | €204,093 | +€11,390 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,103 | €185,493 | +€11,390 | +6.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €174,103 | €185,493 | +€11,390 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,121 | €7,562 | -€4,558 | -37.6% |
| Amounts payable within one year | 42/48 | €12,121 | €7,562 | -€4,558 | -37.6% |
| Trade debts | 44 | €259 | €793 | +€534 | +207% |
| Suppliers | 440/4 | €259 | €793 | +€534 | +207% |
| Taxes, remuneration and social security | 45 | €11,862 | €6,770 | -€5,093 | -42.9% |
| Taxes | 450/3 | €11,862 | €6,770 | -€5,093 | -42.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,264 | €5,308 | +€1,044 | +24.5% |
| Other operating charges | 640/8 | €2,072 | €1,717 | -€354 | -17.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,483 | €24,557 | -€63,925 | -72.2% |
| Operating profit (loss) | 9901 | €82,147 | €17,532 | -€64,615 | -78.7% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €232 | €1,183 | +€951 | +410% |
| Recurring financial charges | 65 | €232 | €1,183 | +€951 | +410% |
| Profit (loss) for the period before taxes | 9903 | €81,915 | €16,390 | -€65,525 | -80.0% |
| Income taxes | 67/77 | €24,621 | €5,000 | -€19,621 | -79.7% |
| Profit (loss) for the period | 9904 | €57,295 | €11,390 | -€45,905 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,295 | €11,390 | -€45,905 | -80.1% |
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 4 November 2026 via checked.be.