Vagaetrans: what changed
What changed
Vagaetrans
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €2.0m-€295,040
Equity
€12.9m
2024 · €11.2m+€1.7m
Cash
€723,915
2024 · €196,582+€527,333
Balance sheet total
€18.0m
2024 · €17.6m+€338,058
Largest movements
Assets
- Receivables within one year -€5.3m
down €5.3m (-77.1%), from €6.9m to €1.6m
of which Other amounts receivable: -€4.7m
- Financial fixed assets +€4.7m
up €4.7m (+86.7%), from €5.4m to €10.1m
- Stocks and contracts +€751,389
up €751,389 (+112%), from €670,332 to €1.4m
- Cash +€527,333
up €527,333 (+268%), from €196,582 to €723,915
mainly Receivables within one year (+€5.3m) and Net result for the year (+€1.7m)
- Tangible fixed assets -€433,282
down €433,282 (-9.9%), from €4.4m to €3.9m
of which Plant, machinery and equipment: -€786,566
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+14.9%), from €11.2m to €12.9m
of which Distributable reserves: +€1.7m
- Provisions -€1.6m
down €1.6m (-99.5%), from €1.6m to €8,304
of which Provisions for liabilities and charges: -€1.6m
- Trade debts -€479,182
down €479,182 (-53.9%), from €889,432 to €410,251
- Debts after one year +€467,100
up €467,100 (+21.6%), from €2.2m to €2.6m
- Short-term financial debts +€217,748
up €217,748 (+93.0%), from €234,213 to €451,961
Income statement
- Provisions -€1.5m
down €1.5m (-3,240%), from -€47,081 to -€1.6m
- Gross operating margin -€977,709
down €977,709 (-21.4%), from €4.6m to €3.6m
- Depreciation +€286,759
up €286,759 (+36.7%), from €780,630 to €1.1m
- Financial income -€120,213
down €120,213 (-100%), from €120,213 to €0
- Taxes +€116,033
up €116,033 (+18.2%), from €639,054 to €755,088
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.
Result 2024
€2.0m
Gross operating margin
-€977,709
Staff costs
-€57,009
Depreciation
-€286,759
Write-downs
-€24,417
Provisions
+€1.5m
Other operating charges
-€77,844
Other operating items
-€99,455
Financial income
-€120,213
Financial charges
-€58,603
Taxes
-€116,033
Deferred taxes and other
-€2,289
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.2m
Investment
-€5.3m
Financing
+€709,080
Cash 2024
€196,582
From operations (derived)
+€5.2m
Net result for the year
+€1.7m
Depreciation
+€1.1m
Stocks and contracts
-€751,389
Receivables within one year
+€5.3m
Deferred charges and accrued income
-€121,049
Provisions
-€1.6m
Trade debts
-€479,182
Tax, wage and social debts
+€18,005
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€5.3m
Current investments
-€26
Financing
+€709,080
Debts after one year
+€467,100
Current portion of long-term debt
+€24,232
Short-term financial debts
+€217,748
Cash 2025
€723,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,615,598 | €17,953,656 | +€338,058 | +1.9% |
| Fixed assets | 21/28 | €9,785,758 | €14,054,638 | +€4.3m | +43.6% |
| Tangible fixed assets | 22/27 | €4,361,285 | €3,928,004 | -€433,282 | -9.9% |
| Land and buildings | 22 | €1,034,222 | €989,240 | -€44,982 | -4.3% |
| Plant, machinery and equipment | 23 | €2,543,402 | €1,756,836 | -€786,566 | -30.9% |
| Furniture and vehicles | 24 | €675,733 | €1,181,927 | +€506,194 | +74.9% |
| Other tangible fixed assets | 26 | €107,928 | - | -€107,928 | |
| Financial fixed assets | 28 | €5,424,473 | €10,126,635 | +€4.7m | +86.7% |
| Current assets | 29/58 | €7,829,840 | €3,899,018 | -€3.9m | -50.2% |
| Stocks and contracts in progress | 3 | €670,332 | €1,421,722 | +€751,389 | +112% |
| Stocks | 30/36 | €670,332 | €1,421,722 | +€751,389 | +112% |
| Amounts receivable within one year | 40/41 | €6,915,300 | €1,584,681 | -€5.3m | -77.1% |
| Trade receivables | 40 | €1,963,768 | €1,364,892 | -€598,876 | -30.5% |
| Other amounts receivable | 41 | €4,951,533 | €219,789 | -€4.7m | -95.6% |
| Current investments | 50/53 | €7 | €33 | +€26 | +363% |
| Cash at bank and in hand | 54/58 | €196,582 | €723,915 | +€527,333 | +268% |
| Deferred charges and accrued income | 490/1 | €47,618 | €168,667 | +€121,049 | +254% |
| Total equity and liabilities | 10/49 | €17,615,598 | €17,953,656 | +€338,058 | +1.9% |
| Equity | 10/15 | €11,246,204 | €12,919,702 | +€1.7m | +14.9% |
| Contributions | 10/11 | €25,191 | €25,191 | = | 0.0% |
| Reserves | 13 | €11,221,013 | €12,894,511 | +€1.7m | +14.9% |
| Tax-exempt reserves | 132 | €1,220,845 | €1,228,931 | +€8,086 | +0.7% |
| Distributable reserves | 133 | €10,000,168 | €11,665,580 | +€1.7m | +16.7% |
| Provisions and deferred taxes | 16 | €1,591,647 | €8,304 | -€1.6m | -99.5% |
| Provisions for liabilities and charges | 160/5 | €1,572,372 | - | -€1.6m | |
| Environmental obligations | 163 | €1,572,372 | - | -€1.6m | |
| Deferred taxes | 168 | €19,275 | €8,304 | -€10,971 | -56.9% |
| Amounts payable | 17/49 | €4,777,748 | €5,025,650 | +€247,903 | +5.2% |
| Amounts payable after more than one year | 17 | €2,160,455 | €2,627,555 | +€467,100 | +21.6% |
| Financial debts | 170/4 | €2,160,455 | €2,627,555 | +€467,100 | +21.6% |
| Amounts payable within one year | 42/48 | €2,617,293 | €2,398,096 | -€219,197 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €1,406,994 | €1,431,226 | +€24,232 | +1.7% |
| Financial debts | 43 | €234,213 | €451,961 | +€217,748 | +93.0% |
| Credit institutions | 430/8 | €234,213 | €451,961 | +€217,748 | +93.0% |
| Trade debts | 44 | €889,432 | €410,251 | -€479,182 | -53.9% |
| Suppliers | 440/4 | €889,432 | €410,251 | -€479,182 | -53.9% |
| Taxes, remuneration and social security | 45 | €86,653 | €104,657 | +€18,005 | +20.8% |
| Taxes | 450/3 | €9,682 | €14,643 | +€4,961 | +51.2% |
| Remuneration and social security | 454/9 | €76,971 | €90,015 | +€13,044 | +16.9% |
| Non-recurring operating income | 76A | €194,574 | €66,000 | -€128,574 | -66.1% |
| Remuneration, social security and pensions | 62 | €1,163,726 | €1,220,735 | +€57,009 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780,630 | €1,067,390 | +€286,759 | +36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,417 | +€24,417 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€47,081 | -€1,572,372 | -€1.5m | -3,240% |
| Other operating charges | 640/8 | €60,322 | €138,166 | +€77,844 | +129% |
| Non-recurring operating charges | 66A | €11,875 | €111,330 | +€99,455 | +838% |
| Gross operating margin | 9900 | €4,558,320 | €3,580,611 | -€977,709 | -21.4% |
| Operating profit (loss) | 9901 | €2,588,847 | €2,590,946 | +€2,098 | +0.1% |
| Financial income | 75/76B | €120,213 | €0 | -€120,213 | -100% |
| Recurring financial income | 75 | €120,213 | €0 | -€120,213 | -100% |
| Financial charges | 65/66B | €114,728 | €173,331 | +€58,603 | +51.1% |
| Recurring financial charges | 65 | €114,728 | €173,331 | +€58,603 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €2,594,333 | €2,417,615 | -€176,718 | -6.8% |
| Transfer from deferred taxes | 780 | €13,260 | €10,971 | -€2,289 | -17.3% |
| Income taxes | 67/77 | €639,054 | €755,088 | +€116,033 | +18.2% |
| Profit (loss) for the period | 9904 | €1,968,539 | €1,673,498 | -€295,040 | -15.0% |
| Transfer from tax-exempt reserves | 789 | €93,530 | €32,914 | -€60,617 | -64.8% |
| Transfer to tax-exempt reserves | 689 | €749,380 | €41,000 | -€708,380 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,312,689 | €1,665,412 | +€352,723 | +26.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.