V.G.E GROUPE: 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.
V.G.E GROUPE
Largest movements
- Cash +€3,640
up €3,640 (+82.9%), from €4,392 to €8,033
mainly Trade debts (+€2,281) and Net result for the year (+€1,468)
- Receivables within one year -€1,416
down €1,416 (-2.6%), from €54,090 to €52,674
of which Trade receivables: -€2,473
- Trade debts +€2,281
up €2,281 (+13.5%), from €16,902 to €19,183
- Tax, wage and social debts -€1,525
down €1,525 (-48.4%), from €3,151 to €1,627
- Profit (loss) carried forward +€1,468
up €1,468 (+5.3%), from €27,749 to €29,217
- Gross operating margin -€3,600
down €3,600 (-51.7%), from €6,958 to €3,359
- Taxes -€495
down €495 (-46.7%), from €1,061 to €566
- Depreciation -€447
no longer reported in 2025 (was €447)
- Other operating charges -€71
down €71 (-6.1%), from €1,164 to €1,093
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 | €58,482 | €60,707 | +€2,225 | +3.8% |
| Current assets | 29/58 | €58,482 | €60,707 | +€2,225 | +3.8% |
| Amounts receivable within one year | 40/41 | €54,090 | €52,674 | -€1,416 | -2.6% |
| Trade receivables | 40 | €27,656 | €25,183 | -€2,473 | -8.9% |
| Other amounts receivable | 41 | €26,435 | €27,492 | +€1,057 | +4.0% |
| Cash at bank and in hand | 54/58 | €4,392 | €8,033 | +€3,640 | +82.9% |
| Total equity and liabilities | 10/49 | €58,482 | €60,707 | +€2,225 | +3.8% |
| Equity | 10/15 | €38,429 | €39,897 | +€1,468 | +3.8% |
| Contributions | 10/11 | €10,680 | €10,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,749 | €29,217 | +€1,468 | +5.3% |
| Amounts payable | 17/49 | €20,053 | €20,810 | +€757 | +3.8% |
| Amounts payable within one year | 42/48 | €20,053 | €20,810 | +€757 | +3.8% |
| Trade debts | 44 | €16,902 | €19,183 | +€2,281 | +13.5% |
| Suppliers | 440/4 | €16,902 | €19,183 | +€2,281 | +13.5% |
| Taxes, remuneration and social security | 45 | €3,151 | €1,627 | -€1,525 | -48.4% |
| Taxes | 450/3 | €3,151 | €1,627 | -€1,525 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | - | -€447 | |
| Other operating charges | 640/8 | €1,164 | €1,093 | -€71 | -6.1% |
| Gross operating margin | 9900 | €6,958 | €3,359 | -€3,600 | -51.7% |
| Operating profit (loss) | 9901 | €5,347 | €2,266 | -€3,082 | -57.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €242 | €232 | -€10 | -4.1% |
| Recurring financial charges | 65 | €242 | €232 | -€10 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €5,106 | €2,034 | -€3,072 | -60.2% |
| Income taxes | 67/77 | €1,061 | €566 | -€495 | -46.7% |
| Profit (loss) for the period | 9904 | €4,045 | €1,468 | -€2,577 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,045 | €1,468 | -€2,577 | -63.7% |
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 20 October 2026 via checked.be.