VAGO CONSULTING: 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.
VAGO CONSULTING
Largest movements
- Cash -€61,602
down €61,602 (-70.1%), from €87,845 to €26,242
mainly Contributions, distributions and other (-€121,420) and Tax, wage and social debts (-€13,820)
- Tangible fixed assets -€13,967
down €13,967 (-37.9%), from €36,870 to €22,903
- Reserves -€49,983
down €49,983 (-81.4%), from €61,420 to €11,438
- Tax, wage and social debts -€13,820
down €13,820 (-53.0%), from €26,098 to €12,278
of which Taxes: -€13,970
- Debts after one year -€13,463
down €13,463 (-58.3%), from €23,084 to €9,621
- Current portion of long-term debt +€1,442
up €1,442 (+13.1%), from €11,002 to €12,445
- Gross operating margin +€11,878
up €11,878 (+12.7%), from €93,696 to €105,574
- Taxes +€2,454
up €2,454 (+15.5%), from €15,796 to €18,250
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 | €142,758 | €66,377 | -€76,381 | -53.5% |
| Fixed assets | 21/28 | €36,870 | €22,903 | -€13,967 | -37.9% |
| Tangible fixed assets | 22/27 | €36,870 | €22,903 | -€13,967 | -37.9% |
| Furniture and vehicles | 24 | €36,870 | €22,903 | -€13,967 | -37.9% |
| Current assets | 29/58 | €105,888 | €43,474 | -€62,414 | -58.9% |
| Amounts receivable within one year | 40/41 | €18,043 | €17,232 | -€812 | -4.5% |
| Trade receivables | 40 | €13,939 | €17,128 | +€3,188 | +22.9% |
| Other amounts receivable | 41 | €4,104 | €104 | -€4,000 | -97.5% |
| Cash at bank and in hand | 54/58 | €87,845 | €26,242 | -€61,602 | -70.1% |
| Total equity and liabilities | 10/49 | €142,758 | €66,377 | -€76,381 | -53.5% |
| Equity | 10/15 | €80,020 | €30,038 | -€49,983 | -62.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,420 | €11,438 | -€49,983 | -81.4% |
| Distributable reserves | 133 | €61,420 | €11,438 | -€49,983 | -81.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,738 | €36,340 | -€26,398 | -42.1% |
| Amounts payable after more than one year | 17 | €23,084 | €9,621 | -€13,463 | -58.3% |
| Financial debts | 170/4 | €23,084 | €9,621 | -€13,463 | -58.3% |
| Amounts payable within one year | 42/48 | €39,654 | €26,718 | -€12,935 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €11,002 | €12,445 | +€1,442 | +13.1% |
| Trade debts | 44 | €1,145 | €245 | -€900 | -78.6% |
| Suppliers | 440/4 | €1,145 | €245 | -€900 | -78.6% |
| Taxes, remuneration and social security | 45 | €26,098 | €12,278 | -€13,820 | -53.0% |
| Taxes | 450/3 | €24,398 | €10,428 | -€13,970 | -57.3% |
| Remuneration and social security | 454/9 | €1,700 | €1,850 | +€150 | +8.8% |
| Other amounts payable | 47/48 | €1,408 | €1,751 | +€342 | +24.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,124 | €13,967 | -€157 | -1.1% |
| Other operating charges | 640/8 | €770 | €724 | -€46 | -5.9% |
| Gross operating margin | 9900 | €93,696 | €105,574 | +€11,878 | +12.7% |
| Operating profit (loss) | 9901 | €78,803 | €90,884 | +€12,081 | +15.3% |
| Financial charges | 65/66B | €1,587 | €1,196 | -€390 | -24.6% |
| Recurring financial charges | 65 | €1,587 | €1,196 | -€390 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €77,216 | €89,687 | +€12,471 | +16.2% |
| Income taxes | 67/77 | €15,796 | €18,250 | +€2,454 | +15.5% |
| Profit (loss) for the period | 9904 | €61,420 | €71,438 | +€10,017 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,420 | €71,438 | +€10,017 | +16.3% |
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 30 October 2026 via checked.be.