VAGEBO: 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.
VAGEBO
Largest movements
- Tangible fixed assets -€60,244
down €60,244 (-5.7%), from €1.0m to €989,000
of which Land and buildings: -€59,733
- Debts after one year -€47,846
down €47,846 (-6.2%), from €769,759 to €721,914
- Profit (loss) carried forward -€26,929
down €26,929 (-49.2%), from -€54,694 to -€81,623
- Other debts +€18,000
up €18,000 (+13.5%), from €133,500 to €151,500
- Depreciation -€15,618
down €15,618 (-20.6%), from €75,862 to €60,244
- Financial charges -€11,784
down €11,784 (-27.7%), from €42,527 to €30,743
- Staff costs -€3,255
down €3,255 (-12.4%), from €26,185 to €22,930
- Other operating charges +€2,655
up €2,655 (+209.8%), from €1,266 to €3,920
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.
Cash bridge derived
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 | €1,060,884 | €1,006,030 | -€54,853 | -5.2% |
| Fixed assets | 21/28 | €1,049,243 | €989,000 | -€60,244 | -5.7% |
| Tangible fixed assets | 22/27 | €1,049,243 | €989,000 | -€60,244 | -5.7% |
| Land and buildings | 22 | €1,044,611 | €984,877 | -€59,733 | -5.7% |
| Plant, machinery and equipment | 23 | €4,633 | €4,122 | -€510 | -11.0% |
| Current assets | 29/58 | €11,640 | €17,031 | +€5,390 | +46.3% |
| Amounts receivable within one year | 40/41 | €4,646 | - | -€4,646 | |
| Trade receivables | 40 | €4,646 | - | -€4,646 | |
| Cash at bank and in hand | 54/58 | €6,994 | €17,031 | +€10,037 | +143.5% |
| Total equity and liabilities | 10/49 | €1,060,884 | €1,006,030 | -€54,853 | -5.2% |
| Equity | 10/15 | €95,306 | €68,377 | -€26,929 | -28.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,694 | -€81,623 | -€26,929 | -49.2% |
| Amounts payable | 17/49 | €965,577 | €937,653 | -€27,924 | -2.9% |
| Amounts payable after more than one year | 17 | €769,759 | €721,914 | -€47,846 | -6.2% |
| Financial debts | 170/4 | €769,759 | €721,914 | -€47,846 | -6.2% |
| Amounts payable within one year | 42/48 | €195,818 | €215,739 | +€19,922 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €52,507 | €54,283 | +€1,776 | +3.4% |
| Trade debts | 44 | €2,017 | €1,526 | -€491 | -24.3% |
| Suppliers | 440/4 | €2,017 | €1,526 | -€491 | -24.3% |
| Taxes, remuneration and social security | 45 | €7,794 | €8,430 | +€636 | +8.2% |
| Taxes | 450/3 | €5,304 | €5,851 | +€547 | +10.3% |
| Remuneration and social security | 454/9 | €2,490 | €2,579 | +€89 | +3.6% |
| Other amounts payable | 47/48 | €133,500 | €151,500 | +€18,000 | +13.5% |
| Remuneration, social security and pensions | 62 | €26,185 | €22,930 | -€3,255 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,862 | €60,244 | -€15,618 | -20.6% |
| Other operating charges | 640/8 | €1,266 | €3,920 | +€2,655 | +209.8% |
| Gross operating margin | 9900 | €91,146 | €90,907 | -€238 | -0.3% |
| Operating profit (loss) | 9901 | -€12,167 | €3,813 | +€15,980 | |
| Financial charges | 65/66B | €42,527 | €30,743 | -€11,784 | -27.7% |
| Recurring financial charges | 65 | €42,527 | €30,743 | -€11,784 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,694 | -€26,929 | +€27,764 | +50.8% |
| Profit (loss) for the period | 9904 | -€54,694 | -€26,929 | +€27,764 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,694 | -€26,929 | +€27,764 | +50.8% |
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 11 October 2026 via checked.be.