VAGOCO: 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.
VAGOCO
Largest movements
- Cash +€206,581
up €206,581 (+4826.8%), from €4,280 to €210,860
mainly Net result for the year (+€159,132) and Investment in fixed assets (net) (+€31,857)
- Tangible fixed assets -€31,857
down €31,857 (-29.2%), from €109,264 to €77,407
- Profit (loss) carried forward +€102,570
no longer reported in 2025 (was -€102,570)
- Reserves +€56,562
up €56,562 (+507.0%), from €11,155 to €67,718
of which Distributable reserves: +€56,562
- Tax, wage and social debts +€26,901
new in 2025: €26,901
- Other debts -€11,500
down €11,500 (-12.3%), from €93,467 to €81,967
- Gross operating margin +€198,679
up €198,679, from -€4,403 to €194,276
- Taxes +€26,901
new in 2025: €26,901
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 | €113,992 | €288,538 | +€174,546 | +153.1% |
| Fixed assets | 21/28 | €109,264 | €77,407 | -€31,857 | -29.2% |
| Tangible fixed assets | 22/27 | €109,264 | €77,407 | -€31,857 | -29.2% |
| Land and buildings | 22 | €109,264 | €77,407 | -€31,857 | -29.2% |
| Current assets | 29/58 | €4,728 | €211,130 | +€206,403 | +4366.0% |
| Cash at bank and in hand | 54/58 | €4,280 | €210,860 | +€206,581 | +4826.8% |
| Deferred charges and accrued income | 490/1 | €448 | €270 | -€178 | -39.7% |
| Total equity and liabilities | 10/49 | €113,992 | €288,538 | +€174,546 | +153.1% |
| Equity | 10/15 | €20,137 | €179,270 | +€159,132 | +790.2% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €11,155 | €67,718 | +€56,562 | +507.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | - | €56,562 | +€56,562 | |
| Profit (loss) carried forward | 14 | -€102,570 | - | +€102,570 | |
| Amounts payable | 17/49 | €93,854 | €109,268 | +€15,414 | +16.4% |
| Amounts payable within one year | 42/48 | €93,854 | €109,268 | +€15,414 | +16.4% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | - | €26,901 | +€26,901 | |
| Taxes | 450/3 | - | €26,901 | +€26,901 | |
| Other amounts payable | 47/48 | €93,467 | €81,967 | -€11,500 | -12.3% |
| Non-recurring operating income | 76A | - | €208,143 | +€208,143 | |
| Other operating charges | 640/8 | €8,000 | €8,070 | +€70 | +0.9% |
| Gross operating margin | 9900 | -€4,403 | €194,276 | +€198,679 | |
| Operating profit (loss) | 9901 | -€12,402 | €186,206 | +€198,609 | |
| Financial charges | 65/66B | €160 | €173 | +€13 | +7.8% |
| Recurring financial charges | 65 | €160 | €173 | +€13 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,562 | €186,034 | +€198,596 | |
| Income taxes | 67/77 | - | €26,901 | +€26,901 | |
| Profit (loss) for the period | 9904 | -€12,562 | €159,132 | +€171,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,562 | €159,132 | +€171,695 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.