ORIGINAL VAGABONDS: what changed
ORIGINAL VAGABONDS
Largest movements
- Receivables after one year -€20,643
no longer reported in 2025 (was €20,643)
- Cash +€12,100
up €12,100 (+57.5%), from €21,034 to €33,134
mainly Net result for the year (+€22,531) and Receivables after one year (+€20,643)
- Receivables within one year +€2,323
up €2,323 (+7.0%), from €32,997 to €35,320
- Tangible fixed assets +€1,635
up €1,635, from €0 to €1,635
- Profit (loss) carried forward +€22,531
up €22,531, from -€15,239 to €7,291
- Other debts -€15,081
down €15,081 (-38.4%), from €39,281 to €24,200
- Tax, wage and social debts -€13,524
down €13,524 (-39.3%), from €34,386 to €20,862
of which Remuneration and social security: -€22,200
- Trade debts +€1,490
up €1,490 (+28.5%), from €5,235 to €6,725
- Gross operating margin +€11,126
up €11,126 (+48.7%), from €22,852 to €33,978
- Taxes +€4,558
up €4,558 (+88.7%), from €5,137 to €9,695
- Other operating charges +€879
up €879 (+293%), from €300 to €1,179
- Financial charges +€861
up €861 (+346%), from €249 to €1,110
- Financial income +€630
up €630 (+59,439%), from €1 to €631
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 | €82,213 | €77,629 | -€4,584 | -5.6% |
| Fixed assets | 21/28 | €7,540 | €9,175 | +€1,635 | +21.7% |
| Intangible fixed assets | 21 | €4,020 | €4,020 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €1,635 | +€1,635 | |
| Furniture and vehicles | 24 | €0 | €1,635 | +€1,635 | |
| Financial fixed assets | 28 | €3,520 | €3,520 | = | 0.0% |
| Current assets | 29/58 | €74,673 | €68,454 | -€6,219 | -8.3% |
| Amounts receivable after more than one year | 29 | €20,643 | - | -€20,643 | |
| Other amounts receivable | 291 | €20,643 | - | -€20,643 | |
| Amounts receivable within one year | 40/41 | €32,997 | €35,320 | +€2,323 | +7.0% |
| Trade receivables | 40 | €32,997 | €35,320 | +€2,323 | +7.0% |
| Cash at bank and in hand | 54/58 | €21,034 | €33,134 | +€12,100 | +57.5% |
| Total equity and liabilities | 10/49 | €82,213 | €77,629 | -€4,584 | -5.6% |
| Equity | 10/15 | €3,311 | €25,841 | +€22,531 | +681% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,239 | €7,291 | +€22,531 | |
| Amounts payable | 17/49 | €78,902 | €51,787 | -€27,115 | -34.4% |
| Amounts payable within one year | 42/48 | €78,902 | €51,787 | -€27,115 | -34.4% |
| Trade debts | 44 | €5,235 | €6,725 | +€1,490 | +28.5% |
| Suppliers | 440/4 | €5,235 | €6,725 | +€1,490 | +28.5% |
| Taxes, remuneration and social security | 45 | €34,386 | €20,862 | -€13,524 | -39.3% |
| Taxes | 450/3 | €12,186 | €20,862 | +€8,676 | +71.2% |
| Remuneration and social security | 454/9 | €22,200 | - | -€22,200 | |
| Other amounts payable | 47/48 | €39,281 | €24,200 | -€15,081 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €94 | +€94 | |
| Other operating charges | 640/8 | €300 | €1,179 | +€879 | +293% |
| Gross operating margin | 9900 | €22,852 | €33,978 | +€11,126 | +48.7% |
| Operating profit (loss) | 9901 | €22,552 | €32,705 | +€10,153 | +45.0% |
| Financial income | 75/76B | €1 | €631 | +€630 | +59,439% |
| Recurring financial income | 75 | €1 | €631 | +€630 | +59,439% |
| Financial charges | 65/66B | €249 | €1,110 | +€861 | +346% |
| Recurring financial charges | 65 | €249 | €1,110 | +€861 | +346% |
| Profit (loss) for the period before taxes | 9903 | €22,304 | €32,226 | +€9,922 | +44.5% |
| Income taxes | 67/77 | €5,137 | €9,695 | +€4,558 | +88.7% |
| Profit (loss) for the period | 9904 | €17,167 | €22,531 | +€5,363 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,167 | €22,531 | +€5,363 | +31.2% |
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.