The Vagabonds: 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.
The Vagabonds
Largest movements
- Receivables within one year +€5,516
up €5,516 (+368%), from €1,500 to €7,016
of which Trade receivables: +€4,550
- Cash +€4,906
up €4,906 (+175%), from €2,799 to €7,705
mainly Other debts (+€10,868) and Trade debts (+€1,982)
- Other debts +€10,868
up €10,868 (+489%), from €2,222 to €13,090
- Trade debts +€1,982
up €1,982 (+71.0%), from €2,790 to €4,771
- Advances received -€1,500
down €1,500 (-100%), from €1,500 to €0
- Tax, wage and social debts -€1,149
down €1,149 (-20.1%), from €5,722 to €4,573
of which Remuneration and social security: -€2,500
- Profit (loss) carried forward +€221
up €221 (+1.7%), from -€12,934 to -€12,714
- Gross operating margin +€13,535
up €13,535, from -€10,450 to €3,085
- Other operating charges +€359
up €359 (+28.4%), from €1,268 to €1,627
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 | €4,299 | €14,721 | +€10,422 | +242% |
| Current assets | 29/58 | €4,299 | €14,721 | +€10,422 | +242% |
| Amounts receivable within one year | 40/41 | €1,500 | €7,016 | +€5,516 | +368% |
| Trade receivables | 40 | €1,500 | €6,050 | +€4,550 | +303% |
| Other amounts receivable | 41 | - | €966 | +€966 | |
| Cash at bank and in hand | 54/58 | €2,799 | €7,705 | +€4,906 | +175% |
| Total equity and liabilities | 10/49 | €4,299 | €14,721 | +€10,422 | +242% |
| Equity | 10/15 | -€7,934 | -€7,714 | +€221 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,934 | -€12,714 | +€221 | +1.7% |
| Amounts payable | 17/49 | €12,234 | €22,435 | +€10,201 | +83.4% |
| Amounts payable within one year | 42/48 | €12,234 | €22,435 | +€10,201 | +83.4% |
| Trade debts | 44 | €2,790 | €4,771 | +€1,982 | +71.0% |
| Suppliers | 440/4 | €2,790 | €4,771 | +€1,982 | +71.0% |
| Advances received on contracts in progress | 46 | €1,500 | €0 | -€1,500 | -100% |
| Taxes, remuneration and social security | 45 | €5,722 | €4,573 | -€1,149 | -20.1% |
| Taxes | 450/3 | €3,222 | €4,573 | +€1,351 | +41.9% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €2,222 | €13,090 | +€10,868 | +489% |
| Other operating charges | 640/8 | €1,268 | €1,627 | +€359 | +28.4% |
| Gross operating margin | 9900 | -€10,450 | €3,085 | +€13,535 | |
| Operating profit (loss) | 9901 | -€11,717 | €1,458 | +€13,175 | |
| Financial charges | 65/66B | €946 | €1,006 | +€59 | +6.3% |
| Recurring financial charges | 65 | €946 | €1,006 | +€59 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,663 | €452 | +€13,116 | |
| Income taxes | 67/77 | €271 | €231 | -€40 | -14.6% |
| Profit (loss) for the period | 9904 | -€12,934 | €221 | +€13,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,934 | €221 | +€13,155 |
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 19 October 2026 via checked.be.