VAGATO: 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.
VAGATO
Largest movements
- Tangible fixed assets -€7,289
down €7,289 (-46.5%), from €15,674 to €8,386
- Cash -€695
down €695 (-3.8%), from €18,372 to €17,676
mainly Net result for the year (-€11,261) and Accrued charges and deferred income (-€17)
- Profit (loss) carried forward -€11,261
down €11,261 (-16.1%), from -€70,017 to -€81,278
- Debts after one year +€3,252
up €3,252 (+5.0%), from €65,049 to €68,302
- Gross operating margin +€1,874
up €1,874, from -€1,478 to €397
- Financial charges +€395
up €395 (+11.1%), from €3,574 to €3,969
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 | €34,310 | €26,284 | -€8,026 | -23.4% |
| Fixed assets | 21/28 | €15,674 | €8,386 | -€7,289 | -46.5% |
| Tangible fixed assets | 22/27 | €15,674 | €8,386 | -€7,289 | -46.5% |
| Plant, machinery and equipment | 23 | €15,674 | €8,386 | -€7,289 | -46.5% |
| Current assets | 29/58 | €18,635 | €17,898 | -€737 | -4.0% |
| Amounts receivable within one year | 40/41 | €264 | €222 | -€42 | -15.8% |
| Other amounts receivable | 41 | €264 | €222 | -€42 | -15.8% |
| Cash at bank and in hand | 54/58 | €18,372 | €17,676 | -€695 | -3.8% |
| Total equity and liabilities | 10/49 | €34,310 | €26,284 | -€8,026 | -23.4% |
| Equity | 10/15 | -€55,757 | -€67,018 | -€11,261 | -20.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,017 | -€81,278 | -€11,261 | -16.1% |
| Amounts payable | 17/49 | €90,067 | €93,302 | +€3,235 | +3.6% |
| Amounts payable after more than one year | 17 | €65,049 | €68,302 | +€3,252 | +5.0% |
| Financial debts | 170/4 | €65,049 | €68,302 | +€3,252 | +5.0% |
| Amounts payable within one year | 42/48 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,300 | €7,289 | -€12 | -0.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,478 | €397 | +€1,874 | |
| Operating profit (loss) | 9901 | -€9,165 | -€7,292 | +€1,874 | +20.4% |
| Financial charges | 65/66B | €3,574 | €3,969 | +€395 | +11.1% |
| Recurring financial charges | 65 | €3,574 | €3,969 | +€395 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,739 | -€11,261 | +€1,478 | +11.6% |
| Profit (loss) for the period | 9904 | -€12,739 | -€11,261 | +€1,478 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,739 | -€11,261 | +€1,478 | +11.6% |
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 28 October 2026 via checked.be.